To link your trading account to FX Junction, visit Settings -> Account Link and click Add Account.
AutoCopy is a system that allows you to automatically copy trades from a chosen group of traders. To use AutoCopy, find the account of the trader that you wish to copy and click "Add to AutoCopy", or use the Traders page to filter traders by a certain criteria.
As a Copy Trader, the AutoCopy system allows to build your experience by following experienced traders with an established track record. We recommend you try with a demo account first to get used to social trading before switching to a live account.
As a Signal Provider, the AutoCopy allows you to earn income from your copy traders and build your reputation.
As a Copy Trader, you can add Traders' accounts to your AutoCopy portfolio from either from the Traders page or from your Profile - AutoCopying section.
When adding an account to AutoCopy, you need to select several parameters such as lot size, maximum open lots and maximum open trades. Just as importantly, you need to select which fee model from those offered by the Signal Provider on the given account you want to follow. The possible models are:
In case a Signal Provider changes his supported fee models or increases his fee structure, you will be alerted by email with a link that you will need to confirm. If you do not confirm, the AutoCopying will be canceled 3 days later. For subscriptions, the new model will be applied when the current subscription period expires.
AutoCopying traders comprise risks. It is your responsibility to perform due diligence on the traders you wish to AutoCopy as well follow necessary Risk management techniques. It is recommended you try with a demo account before deciding to go with a live account.
As a Signal Provider, you have a choice of 4 fee models which you can offer on your account (each of your accounts can support different model(s)):
These options above and others can be setup for each linked account that you add in your Account Link section under Settings.
FX Junction applies a 50% service fee from the Signal Provider fee. For example, if the signal provider charges 50 USD per month to the copy trader, the signal provider will earn 25 USD per month.
Note: only Live accounts holders are allowed to set the fee models and charge fees for the AutoCopy.
FX Junction is free to use, but if you want to AutoCopy traders there is a fee involved. You can see each trader’s fee model under their trading profile. If you see multiple fee models, you have the option to select which fee model you prefer.
Orphan trades are trades that can no longer be tracked by a source account (account that triggered your trade). This can happen for various reasons:
Your account was offline when the person whose trades you were copying closed the trade
Your broker rejected the request or failed to process it
The account of the person you were copying was offline when the trade was closed
Orphan trades are indicated by a special icon in your Trading Activity section. If "Auto-Close Orphan Trades" is enabled, these trades will be automatically closed when detected. If this function is disabled or if you remove a trader from your portfolio, you are responsible for manually closing these trades at your discretion.
To prevent occurrences of orphan trades, we highly recommend people whose trades are copied and copiers to use a VPS service or a dedicated PC with a fast, constant and reliable internet connection.
Yes, AutoCopy manages trades that are placed through this system only. Any other trades, manual or automatic are not touched by the AutoCopy system. It is your responsibility to determine whether your robots get along with other systems.
As an added bonus, you can track the performance of your robots by assigning a unique magic number (usually available in EA inputs). The results of trades placed by your EA are shown as "Other (EA)" in the performance report.
The system will attempt to send an order for every trade that is initiated by the leader. If for some reason your broker rejects the trade, the failure will be logged in the transactions log.
Often times issues related to AutoCopy can be resolved by looking at the transactions log. There you will find a log of all attempts by the AutoCopy to copy a trade into your linked account along with the status and relevant description of the transaction.
Some of the common errors are: