Simulation – Test different setups and risk profiles
Our simulator allows you to see in real-time what an exact hypothetical performance would look like when copying this Signal Provider. To start, specify an account balance and risk multiplier of your choice. A risk multiplier of “1” would aim to copy or mimic the Signal Providers risk profile. A risk multiplier of “2” would double this, “0.5” would half it, and so forth.
As you hit Simulate, it will display performance statistics, whether your balance is optimal and the overall risk of your chosen setup. You can learn more about Optimal Balance and the Risk Meter below.
In order to consider a copiers balance as optimal, we first check the ratio between the Signal Providers balance against the Simulated Balance. We use this ratio to gauge what the Simulated Lot size equivalent would be. If however the equivalent lot size was less than 0.01, we would then round this up. This would be a suboptimal trade as you would essentially be taking on more risk than the Signal Provider. If all trades on the simulated balance were not rounded, you would have a 100% optimal balance, giving you the most precise returns relative to the Signal Provider in question.
When simulating your profile (balance and risk multiplier), it is also prudent to consider the draw-down. It is advisable not to consider a draw-down greater than 66%. Upon hitting Simulate, you will see this visual aid above.
Please note that this simulation assumes that your account currency is either the same as the Signal Provider in question, or you are using Dynamic Lots Money Management Method.