Copy by equity allocation allows traders to allocate an amount of equity for copying the trades while keeping the same proportions of the portfolio.
The calculation is:
If a copier allocated 1000USD to copying a trader and the master opened a trade that uses up 80% of her free margin. The Copied trade will be in the amount that allocates 800USD to the copying trader’s used margin. The actual copied trade amount depends on the copier’s leverage. The amount allocated will change automatically with accrued profit/loss from previously closed copied trades.
When using “Copy by Equity Allocation” The risk taken may exceed the amount allocated.
Copy:?The “Copy” function gives the trader the ability to automatically imitate all future trades placed by the copied trader. Once trades are copied, all updates pertaining to the trades will also be copied automatically.
Watch:?The “Watch” feature allows you to select traders whose trading activity is of particular interest. “Watched” accounts are added to the “traders I watch” list in the social stream. The trader also has quick access to traders he watches through his profile page.
The Gloffix Social has been designed in a way that all personal information is strictly limited, so traders are not sharing sensitive information; like how much money the traders have; or?how much money they put on each position. Instead, everything is shown and calculated in percentage terms.? ?
This way, traders are not able to calculate any financial information from other traders in the Gloffix Social.
Using social is similar to using signals, where each social trader is a signal provider.
Reporting Masters in Gloffix Social
The P/L of an instrument is a weighted average of all order P/L of this instrument according to the margin that was allocated to open this position.
For example: suppose you have 2 positions of EURUSD. The first one has a P/L of 20% and the margin that was needed to open it was 1,000$, and the second one has a P/L of 30% and the margin that was needed to open it was 4,000$. The total P/L for EURUSD is 1000/5000*20%+4000/5000*30% = 28%.?
Each Trader has a Trading Proficiency level which is based on the number of copiers they have.
The system will automatically update the traders profile with the latest proficiency level based on the following criteria: ?
Trader?- No Copiers?
Master?- at least 1 copier?
Expert?- at least 10 copiers
GrandMaster?- at least 50 copiers
Champion?- More than 100 Copiers?
The Max Drawdown for a specific period is the maximum drop in equity during that period. For example, if during a certain period the trader’s equity changed as follows: 1000 500 700 1400 500 200
Then his Max Drawdown for this period is 1400 – 200 = 1200
The Max Drawdown during a trader’s past year is the difference between the point his equity was highest during the past year (let’s call this point A) and the point chronologically after point A that his equity was lowest.