Copy Trading Terms

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Copy Trading Terms
Last modified: August 12, 2023
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Estimated reading time: 13 min

Dear Trader,

Thanks for viewing this profile. Before subscribing to this signal you need to make sure, you have enough knowledge about trading and also understand all of the associated risks. It does not matter whether you are trading on your own or copying others, the risks remain the same in both cases.
Translated Version of this Article – আপনি যদি এই আর্টিকেলটির বাংলা সংস্করণ দেখতে চান তাহলে অনুগ্রহ করে এই লিংক ক্লিক করে নীতিমালাটি রিভিউ করে নিতে পারেন। লিংক – https://fxbd.co/qNZ

About Myself

I am Rohan from Bangladesh. I started my career as an IT Personnel and switched to forex trading in 2015.

We all know, that forex trading is a riskier investment form. Even when I started my career as a trader I encountered a big loss because at that time I did not have any idea about Risk and Money Management. After the last couple of years, I have developed several trading strategies and implemented those in my real trading and got some unbelievable results.

I have started my trading journey as a professional in 2017 and since then I have been involved in several trading activities. Such as Technical Analyst, Trading Journal Writer, Signal Provider, and Training coach.

At the end of 2017, some of my best buddies formed a community called FXBangladesh.com and FXPedia.info which are very much popular among newbies and traders. Till then, my team is providing the best support regarding trading education, online training, Analytical help, and much more for our visitors.

Our Trading Philosophy

We all know about the risk of forex trading. Trading is much risker than any other investment. Yes! It is true but trusts me, there is much scope that anyone can overcome such risks and can gain profit. Our trading philosophy is simple and straightforward.

Not trying to catch profit in any situation but rather thinking about how to reduce the risk of losses.

Confusing right? Let me explain…

Trading is like a toss of a coin. There is always a chance of profit and relative losses for any single entry. In simple math 50-50% chance. We all know that. So, if we are expecting a $5 profit from any entry then there will be a high chance of losing the same amount if anything goes wrong!

Our philosophy is to reduce the associated risk of losses. If we can manage to reduce the risk to 20%-30% then our profit chance will gradually increase to 80-70%.

Trading Goal

Our trading goal is to earn at least a 5% return per month on our total investment but to be more specific we have divided this target into three different sections.

  • Daily basis
  • Weekly basis &,
  • Monthly basis
This will help us to achieve our milestones and keep us focused always. Also, checking the statistics help us to understand whether our strategies are working perfectly or not. So that we can adjust it accordingly.

Our target is to get a 5-10% return on a monthly basis or 60-120% per annum. We know it is a bit low compared to other signal providers but we can ensure one thing, never losing any of our capital. We think it is the most important factor rather than earning a larger profit with a higher level of risk. You can also check all of our trading goals and milestones from our MyFXBook profile.

Subscription Requirements

Before subscribing to our signal, please make sure to keep in mind the following things. all of the mentioned things are necessary to achieve long-term benefits.

Requirement for MQL Community:
  • The target average signal return will be 60-120% per year. But deviations are possible, both up and down.
  • The expected drawdown is not more than 40%. Currently, our drawdown is a bit higher but it will decrease gradually.
  • A minimum of $1500 is required to copy this signal otherwise the subscription fee will not cover, your earnings.
  •  Your trading account leverage should be at least 1:200 and it can be capped at 1:400 maximum.
  • Your MT4/MT5 terminal should be operational 24/7 otherwise, you may lose our entries. It is recommended to use VPS. You can purchase it separately from the MQL5 community. You can also use Exness Broker because they offer a Free VPS service for multiple accounts. Click this link to know more – https://fxbd.co/exvps
  • You need to use a reliable broker to get better results and your account lot should be standard like ours. If you are using a Mini lot or Micro lot broker then please avoid copying this signal.
  • Make sure your broker supports multiple trading assets and allows hedging and scalping at the same time.
  • Brokers like Instaforex, Roboforex, Superforex, Etoro, and WesternFX are not recommended.
Requirement for Exness Social:
  • You need to deposit $500 to get the best result on a monthly basis. Though $300 is required to copy our service it always recommends depositing as much as you can. We have set deposit restrictions to $300. Anyone who is unable to deposit this amount can not able to copy our service.
  • Right now we are asking for a 35% profit share but it can be changed anytime based on our decisions over time. When we are going to change this ratio, we will update you at least 10-15 days earlier through the community post.
  • Do not copy multiple traders’ services at the same time. If you wish to subscribe to our signal, please make sure to stay with us for at least 3 months. It will help you to understand our trading system.
  • Please withdraw all of your profit at the end of each month. We regularly withdraw profit on a monthly basis.

Subscriber Responsibilities

As a signal subscriber, you have some responsibilities that you need to follow always.

Make sure, you have enough knowledge about trading and also understand all of the associated risks. It does not matter whether you are trading on your own or copying others, the risks remain the same in both cases.
Responsibilities for MQL Subscriber
  • Make sure you regularly withdraw money from your trading account. Do not ever try to extend your account balance by using your profit. It is not a good practice. We usually withdraw funds on a monthly basis. For example, if we can gain $200 in the month of January then we will withdraw the total profit at the beginning of the next month (February).
  • Please do not set any equity restrictions. Our recommendation is to use all of your trading funds while subscribing to my signal. For example, If you have $3000 in your trading account and want to use $1500 from this account, our suggestion is to withdraw the rest of the amount and use the available $1500. It will then help you to keep your trading records and analyze the return statistics.
  • You have the right to cancel your subscription anytime but our suggestion is to
    renew the subscription for at least 3 months. It will increase your profit ratio along with your trading statistics. It is not possible to win every trade and meet our target every month. Slight ups and downs may occur so better stay with us for a longer period.
  • Please do not subscribe to multiple signals at the same trading account. If you are using ours then please stay with it only. If you need to subscribe more than once, please use your other trading account.
  • You can always share your comments and feedback, offer suggestions, and ask questions. If you have anything in your mind then please feel free to share it with us. On the other hand, if you are not satisfied with our trading and signal statistics then our kind request is to contact us first before leaving any negative review on the signal page.
  • We always avoid trading on stocks, Cryptos, and indices. So please do not ask us to trade on those assets personally.
  • You can always send us a message related to trading via the community message features or submit your details to this form – https://fxbd.co/email
Responsibilities for Exness Traders
  • Make sure you regularly withdraw money from your trading account. Do not ever try to extend your account balance by using your profit. It is not a good practice. We usually withdraw funds on a monthly basis. For example, if we can gain $200 in the month of January then we will withdraw the total profit at the beginning of the next month (February).
  • Please do not set any equity restrictions. Our recommendation is to use all of your trading funds while subscribing to our signal. For example, If you have $500 in your trading account and want to use $300 from this account, our suggestion is to withdraw the rest of the amount and use the available $300. It will then help you to keep your trading records and analyze the return statistics.
  • You have the right to cancel your subscription anytime but our suggestion is to
    renew the subscription for at least 3 months. It will increase your profit ratio along with your trading statistics. It is not possible to win every trade and meet our target every month. Slight ups and downs may occur so better stay with us for a longer period.
  • Please do not subscribe to multiple signals at the same trading account. If you are using ours then please stay with it only. If you need to subscribe to multiple signals then please use a different account instead.
  • You can always share your comments and feedback, offer suggestions, and ask questions. If you have anything in your mind then please feel free to share it with us. On the other hand, if you are not satisfied with our trading and signal statistics then our kind request is to contact us first before leaving any negative review on the signal page.
  • We always avoid trading on stocks, Cryptos, and indices. So please do not ask us to trade on those assets personally.

Trading Strategies

Our trading strategies are simple and easy. We mainly follow market trends and observe the technical outlook of some of our preferred Currency pairs. We do not use any EA or Robot for our trading. Also in some cases, we try to analyze the fundamental outlook of certain countries which may cause certain days to trade offline. That means you may see no update on trading.

Sometimes it is better to sit back and watch the market and Netflix rather than perform blindly.

On the other hand, you may observe multiple entries within a short time in the same currency pair. It happens because of market volatility and Price Actions. Let us explain-

Just imagine, we have taken a long position on the EUR/USD pair and it does not follow our expectations in the shorter time period as a result, we have encountered some losses. Then we may switch our strategies for the longer timeframe and take necessary actions. Such as-

  • Keep open our early loss entry, or
  • Closed positions with losses (amount does not matter), or
  • Place reverse entry by doubling the lot size (Higher risk to reduce existing loss), or
  • Take another entry into the same positions by doubling the lot size. (Higher risk to gain early profit),
If you have seen such a trading pattern after subscribing, please do not worry. It is a part of our trading strategies and you do not need to cancel your long drive 🚗 because of PANIC. You can enjoy your vacation 😎 and my team will do the rest.👍

Our goal is to keep our losses minimum and stay with the trend for a longer time frame because We believe “slow and steady always wins the race.” but if some risks are worth of money then we will take them.

Our trading strategies are mainly based on our own personal experience and knowledge.

If you are expecting any name like “A Trading System” or “B Trading System” then we are sorry for disappointing you. We believe in actions rather than naming or branding our strategies.

If any of our entries go wrong or go against the market trend then we will adjust it accordingly depending on the market situation by taking multiple entries or closing them. It does not matter if we close this with some losses.

If you know the meaning of the word “Opportunity” then keep this in your mind “Opportunity never comes twice.” If we can find such an opportunity in trading then we will sometimes take some risks and place a slightly larger volume/ lot. So make sure not to worry about anything in your subscription period.

Copy Calculations

For MQL Subscriber

This is the most important and calculative part. Please make sure to read it carefully to understand the signal mechanism. First of all, please make sure your trading balance is the same as per our recommendation. Our recommended balance should be –

  1. If you are subscribing to our Trend Finder (MT4) signal then your trading balance should be at least $5000 equivalent.
  2. If you are subscribing to our Trend Finder Pro (MT5) signal then your trading balance should be at least $3000 equivalent.

Now here is the calculation that can give a clear view of your possible earnings and expenses. You need to spend $35 (subscription fee) + $15 (VPS) in total $50 per month. So you need to choose your preferred lot size carefully otherwise your expenses will not cover by your monthly earnings.

MT4 Signal: If you are subscribing to the MT4 signal then make sure your entry level is capped at least 0.05 standard lot. Our recommendation is to keep it 0.10 lot per entry exactly.

Calculation: Our average monthly profitable pips target is 200 at least. So, let’s do the math:

{0.10 (lot) x 200 (pips)} x 10 = $200 (gain)
(-) monthly expense is $50. so the net profit will be $200-50 = $150

NB: For each $5000, your lot size will be 0.20 lots max. If you can manage to double the investment, you can double your lot size accordingly. This is an assumption only. The exact figure may be different based on our trading performance.

MT5 Signal: If you are subscribing to the MT5 signal then make sure your entry level is capped at least 0.10 standard lot. Our recommendation is to keep it 0.10 lot per entry exactly.

Calculation: Our average monthly profitable pips target is 200 at least. So, let’s do the math:

{0.10 (lot) x 200 (pips)} x 10 = $200 (gain)
(-) monthly expense is $50. so the net profit will be $200-50 = $150

NB: For each $3000, your lot size will be 0.10 lots max. If you can manage to double the investment, you can double your lot size accordingly. This is an assumption only. The exact figure may be different based on our trading performance.

Please make sure to select your lot size precisely based on our recommendation. It will increase your profit ratio with a minimal amount of risk. Here are the details.

If Your Balance is MT4 Signal (Lot) MT5 Signal (Lot)
$4000+ 0.10 0.10
$8000+ 0.20 0.20
$10000+ 0.25 0.25
$20000+ 0.40 0.40
$40000+ 0.50 0.50

***You can select any of your preferred lot ratios based on your personal preferences but our recommendation is to follow the above ratio. On the other hand, if you want to invest a larger amount of funds then please let us knock first to discuss your lot ratio. We may suggest you the best possible lot size based on your balance and trading preferences.***

On the other hand, if it seems complicated for you and does not want to set anything rather than just copy our signal then our recommendation is to subscribe our signal through the broker directly. Link – https://fxbd.co/excopy
For Exness Copy Subscriber

Exness Broker will calculate your trading lot, based on our account balance as per their pre-set money management ratio. For example, if your investment is $500 then your copy trading lot will be 0.05 standard lot.

This ratio has been controlled by the broker trading algorithm so you can not do anything. If you want to copy our trading with a larger lot then here is the calculation based on the trading investment.

If Your Balance is Exnes Copy Signal (Max lot)
$500 0.05
$1000 0.10
$2000 0.20
$3000 0.30
$4000 0.40
$5000 0.50

***for every $500 investment, your lot size would be 0.05 max. As we have said earlier, this lot size is entirely controlled by the broker itself based on your investment. ***

As a part of the Broker’s profit-sharing system, we will get 35% of your net profit. For example, on the calendar month if your overall earning is $100 by coping our signal then $35 will be shared with us. So, your net income will be (100-35) = $75 in total.

Recommended Broker

For MQL Subscribers only

You can copy our signal for any of your broker’s trading accounts. It does not matter which broker you are using for trading. Just make sure, your trading account lot size is standard and your broker supports both Hedging and Scalping.

We are trading with the Exness broker for the last couple of years and our recommendation is to use the same broker to get the best possible results. This broker is not just trustworthy, they are fully regulated via top-rated agencies like FCA, CySEC, etc. Please visit the broker’s official website www.exness.com for more info and also check the exness sitemap to know more about their service areas. Here is the link – https://fxbd.co/exbio

They also offer Free VPS to their clients so that you do not need to spend anything monthly to rent it. You can easily avoid the VPS Fee. Click this link to know more – https://fxbd.co/exvps

If you want to know more about this broker, then please have a look at our Website’s Exness Broker Section. Also, you can check our Exness Broker FAQ to know the answers to the most common questions.

Deposits & Withdrawals

Right now we are providing two separate signals for both MT4 & MT5 terminals (MT5 Signal is private right now) users. Our starting investment for the MT4 signal (FXBangladesh) was $300 and for the MT5 signal (FXBangladesh Pro) it was $500. The rest of the amount will be withdrawn regularly. We regularly withdraw funds from our trading account on a monthly basis.

We do not deposit funds regularly in our trading account. If we face any difficulties or sudden uncertainty then we may deposit funds and adjust our entries accordingly.

We do not use our profitable earnings for trading in any case and withdraw funds regularly from our trading accounts.

We only rely on trading, and all of our expenses are covered by our monthly earnings so, it is important to perform consistently in profitable trading. So, withdrawals on a regular basis are essential for us. We regularly withdraw funds from our trading account on a monthly basis.
Our recommendation is, that you must withdraw your profit regularly. Extending the trading account balance by using profit is not a good practice. Because If you can manage to withdraw your investment (as profit) then it will be the most easier things to reduce the risk of losing capital (if any unwanted things happen).

If we are stuck in any uncertain situation that requires to deposit then, we will deposit funds to overcome it and withdraw the extended amount when the situation becomes normal. If we need to do so, we will give you notice in advance so that you can arrange the same for your trading account.

So, it is recommended to subscribe to our signal channel on telegram. We will always give advance notice in our channel so that you can be updated regarding our strategies and signal performance.

Signal Benefits

For MQL Subscriber
  • As you are subscribing to this signal all of the necessary trading execution will take place automatically. You just need to keep your terminal open or need to use VPS.
  • You will get an approximate 5-10% monthly return with a moderate draw-down ratio.
  • Our monthly pips target is around 200 but it does not mean we can always meet the target.
  • According to the MQL5 Community guidelines, any return of more than 100% per month is treated as riskier and they often delete some of the trading statistics. So my suggestion is to check all of my trading performance directly from the myFxBook profile. Here is the link – https://fxbd.co/myfx
  • Please keep your subscription active for at least 3 consecutive months. It will help you to understand our trading mechanics and increase your profit ratio.
  • If you are not satisfied with our trading strategies and your subscription outcome then you can ask for a refund. You will get the full subscription fee as a refund. Just let us know and we will do the rest.
For Exness Copy Subscriber
  • Subscribing to our exness copy service will execute and copy all of our traders automatically. You do not need to perform anything else rather than the deposit or withdrawal from your end.
  • You will get additional rebate benefits if you subscribe to your broker account via us. Each month we provide more than $11,000 as a rebate. So it may work as an additional income source for your trading. If you are interested then please send an email to [email protected]

Support Touch Point

Me and my team are working 24/5 around the clock to increase our trading portfolios and always try to trade in the best possible conditions. So, if you want to share anything with us then you are always welcome to contact us any time via below support channels.

Good Luck!
Rohan,
On behalf of my Team | FXBangladesh.com

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