Here’s how to start copying:
1. Open a Fusions NTrade live MT4 account.
2. Download the CopyTrader App
3. Create your social account
4. Enter your MT4 login details
5. Fund your Fusions NTrade MT4 account
6. Choose the traders you want to follow and start automatically copying their trades.

The activities page will show a copier the trades of the signals they are copying/following.

It will show the trades a signal has made in the past or trades they currently have open. However, the trades will appear in the time zone of the signal so may appear different to a copy trade.

The number of trades shown is dependent on the signals trading volume; high volume signals won’t always have all their trades appear on your activity page.

If you click on positions < Missed, there will be an explanation for every missed trade. Such as not enough money in balance, Market not available etc. Our system works by sending out the request for a trade to be placed and then waits for a response from the broker server. This is usually instantaneous but we will wait for as long as 15 minutes. If the trade remains within the price parameters set by the signal, the trade will be executed within those 15 minutes. After 15 minutes the trade will not be copied. This is why your trade execution could be late or missed.

To copy a trader, select the Account you would like to copy, select Copy, you may have to complete a Suitability Form, once you have completed the Form, select your copy size:

– Proportional by Equity (trade sizes are proportional to the copiers equity relative to the Signal)

– Mirror Master Size (trade size is the same as the Signal irrespective of the equity on account)

– Fixed Size (locks the size of trades for all trades)

Select whether you want to copy already open trades that the Signal has open, and finally select whether you want trades to be rounded to the minimum trade size – even if we have calculated a copy size smaller than your broker has available.

Press ‘Confirm’.

Typically this is because your ‘soft stop’ max draw down has been triggered, which blocks all future copy trades – in which case you can either reset your max drawdown or add further funds.

Groups are platforms through which you can chat about the markets, share your positions and improve your trading experience by interacting with a community of traders!

Each group is different and will have their own unique purpose; you should check whether groups are of interest to you by looking at their biography and check out what they do!
There are different types of groups; some are public (anyone can join) and others private (you can only access them through an invitation), and how much you can interact and share in that group can be changed by the group admins.

If you haven’t looked at any groups yet, check them out! You can find what groups your friends or other traders are in by clicking on their profile, and scrolling down to “view groups”

To join a new group follow the simple steps below…
Tap the “Discover” icon in the bottom navigation. Here you’ll find a list of all the suggested traders and groups to join and follow on Pelican.

You can search for public groups by name through tapping on the search bar at the top.
Tap on a group to learn more about it and join.

If you wish to join the group, tap the “Join” button. The group will then appear under the “Groups” tab at the top of the Activity page.
That’s it, you’re done!
Types of groups…
Public groups: anyone can join and comment
Private groups: hidden from the activity page, it’s invite only
Spectator only groups: anyone can join, but not comment
Paid for groups: a subscription based group you have to pay for access

Tap the “Activity” icon in the bottom navigation, the the “My Groups” tap at the top. Here you’ll find a list of all the groups you’re a member of. If you’re joining a group for the first time this will be blank.

Then tap the ‘+’ icon in the top right corner to begin creating your own group.

You can then add a group name, description, and add a picture.
You can edit the groups settings at the bottom of this page too.
To add additional members to the group, tap the “Invite someone to this group” button.

On the next screen you’ll see a list of all users on Pelican. You can scroll or tap the search bar at the top to search users by name, and toggle them on to add them to the group.

If you want to invite someone to the group who isn’t on the app yet, tap the “Invite a friend” in the top right corner, and select them from your phone’s contact list.
Once all the users you want in the group are selected, tap the “Next” button.

Here you can give any members of your group admin rights.
An admin can edit group settings, invite other users, and comment in a spectator only group.

When you’re finished just tap “Done”.

If you want to invite someone to your group, click on “Activity” at the bottom of your screen and then click on “My Groups” as shown below:

Once all of your groups are visible, click on the group that you would like to invite people to, and then press on the icon at the top right of your screen highlighted in the picture below:

Then, click on the button labelled “Invite someone to this group”

To link your trading account you click on ‘Account’ on the bottom right of the app and scroll down to ‘Link Account’ where you add your Broker server, trading account number and password. You can then select whether you want to be a Copier or a Signal.

There There maybe multiple reasons why your account cannot connect. Please make sure you are doing the following: 1. You are connecting with your TRADING password not your INVESTOR account. 2. You’re entering the wrong server, account number or password. 3. You are a Signal account and you need to close all trades from an existing account you had connected. 4. Your MT4 password is too long – it needs to be less than 15 characters.

If you are a Signal account, you will need to ensure that you have closed all your open trades before you can switch accounts.

To create an Account, firstly download the Fusions NTrade CopyTrader App on the App Store or the Google Play Store.

Once you have done this, open the app and press the “First time here? Create your profile now.” button at the bottom of your screen. Finally, input your details and wait to receive a verification email before logging in.

A signal is an account that you are copying.

Signals can also be referred to as “Strategies” or a “Fund”.

In your “Account” section you will have a list of Signals. The list identifies the different accounts you have chosen to copy.

Anyone can be a signal provider and can select that option when you link your account. Most signals have at least 6 months of trading experience and positive results. We require a minimum opening account balance of $500.

If you are interested in becoming a Signal, please log in to the App, navigate to Account and select ‘I want to charge copiers’.

Tap the “Trade” icon in the bottom navigation.

Tap into a market grouping of your choice. Here you can see the “Asset” name (market name), the current live price and the “Change” (amount the market has moved).

Simply tap on a market name to expand the market details where you can see a live graph of the market’s movements.

Either tap on Sell or Buy to take you to the execution screen.
Enter your “Quantity” (stake size), “Stop”, and “Limit” (your loss and profit levels). You can trigger a trade when the market gets to a certain price by toggling on “Order”.
Once you’re done, tap “Trade”.

You can view, edit your stops and / or limits, or close your trade from the “Positions” screen. Just tap the Positions icon in the bottom navigation’s when done.

You can also trigger a trade to open when the market hits a certain price. Just toggle on “Order” and set the price you want the trade to trigger.

This was most likely caused by a ‘Margin Call’. A margin call is when the available funds you have to trade (Available Margin) has dropped to a level which has triggered the closure of your open trades.

You can see how much margin you have on the positions page.

The level this trigger is reached is typically when ‘used margin’ reaches 50% of total margin.
By way of warning, you will normally receive emails that margin calls are approaching. To avoid having your trades closed, you will need to add funds to your account.

Another possibility is that your drawdown has reached the “hard stop” level.

When this happens all of your trades close to minimise potential losses. If you don’t know what a Max Drawdown is, or how to reset it to carry on trading, please refer to articles: “What is Max Drawdown?” and “What does it mean for someone to “Reset” their “Max Drawdown”?”

Trade size refers to how much money you are going to be trading. It is usually represented by a number containing two decimal places up to the value of 1, and in integer form from then.

This value is proportional to a “lot” size, with a lot being 100,000 units of a currency.

So for example, if you work in dollars and place a trade of size 1 you are effectively trading $100,000!

No, you are not allowed to give trading advice on the App or any other form of social media.

You are, however, allowed to share your trade activity using the share function in the App.

A “follower” is a user that follows another user’s trading. The follower will be able to see all of the trade activity carried out by the followed account. Some brokers will not allow you to follow without copying first.

Unrealised P/L (Profit/Loss) is the current profit or loss of an open position.

The unrealised profit and loss is a reflection of what profit or loss could be made if the position was closed in that instant.

The P/L does not become realised until the position is closed.

This metric does not include any commissions or transactions associated with the trade.

Firstly, we would like to clear up some common misconceptions about resetting your Max Drawdown. If you do this, you are not setting your warning, soft-stop and hard-stop levels to 0 but instead you are setting your current equity value to 0%.

Suppose we have a user called Santi. If he has $5,000 and a hard-stop level set at 20%. If Santi’s equity value reaches $4.000 he will reach his hard-stop level.

If he resets his Max DD, this would mean that $4,000 becomes the new 0% and Santi’s new hard stop level will be 3,200 (20% of 4,000)

Mirror master size copies the size of the signal that you wish to copy.

For example, if the trader you wish to copy has bought £50 worth of GBPUSD, choosing “mirror master size” will buy you £50 worth of GBPUSD.

This function copies the signal trade size for all trades, irrespective your or the trader’s account size.

When copying a signal, “Proportional by equity” adjusts the size of your trade relative to your account size so it mirrors the size of the signal’s trade in proportion to their account size. This means you are taking a similar risk to the signal you’re copying. Buying £5,000 of CAP40 is much more risky for an account with a balance of £5,500 than for one with £100,000!

Max drawdown is determined by calculating how your running losses compare to your opening balance. It does not consider how your balance might grow. So if you start trading with $100 and increase your balance to $1,000 then a loss of $40 would represent 40% drawdown. The losses will always be factored against your High Watermark – the highest realised profit you have achieved. You can reset your max drawdown to take into account how trading has affected your balance.

This is the metric to determine if your Hard Stop has been hit and is worth monitoring appropriately. Drawdown will not take in account trades placed by the client themselves nor deposits or withdrawals. If a deposit or withdrawal is made then your max drawdown will need to be reset to adjust to the new balance.

The Drawdown figure displayed on the ‘Account’ page in the app is calculated differently and only takes into account realised profit and loss.

A performance fee is a fee charged to an account that relates to the performance (profitability) of the Signal. E.g. if you copying a Signal that is charging a 30% fee, and you make £100 profit, your account will be charged £30.

Performance Fees can be calculated instantly, daily, weekly or monthly depending on your broker’s preference. A Performance Fee is deducted in arrears based on the extent to which total aggregate profit has been achieved considering all closed and open positions, subject to a High Watermark.

The copy trades of different Signals are considered in silo and losses made by copying one Signal do not impact the performance fees owed to another; overall profitability of the Copier’s account is not relevant.

The High Watermark is based on the highest value that a client account has achieved. i.e. Performance Fees will only apply if the copier continues to increase their profits. The watermark is reset each time the copier increases their profits; the gain minus the performance fee will become the new benchmark.

If a copier suffers losses, then the watermark will remain the same and Performance Fees will apply again when they’ve recovered those losses and made further profit.
A copier may make profit which exceeds the High Watermark but then suffers losses in the same reporting period which reduce their profit back below the High Watermark.

Under these circumstances Performance Fees will be rolled over to subsequent reporting windows (the next day, week or month) and paid when losses are recovered.

Signals can set a Performance Fee as soon as they are approved by our team. Please head to the ‘Account’ page and choose to ‘set fee’ and then ‘performance’. This can be as much as 50% and can be changed at any point. A copier will pay the Performance Fee % they signed up to originally. A change will only affect new copiers from that point on.

Performance fees are calculated based on your Broker’s preferred interval: Instantly, Daily, Weekly or Monthly. Fees are then deducted shortly thereafter when they have been processed. They will be labelled clearly in your account.

The fee is calculated based on your Broker’s prefered interval: Instantly, Daily, Weekly or Monthly. They are charged to a copier’s trading account when they have been processed and the deduction will be clearly labelled in their trading statement. A deposit will be made in the Signal’s trading account shortly after minus a small admin fee.