Trading with the Axi Copy Trading app

• How to open a trade?
• How to Edit a Trade?
• How to Close a Trade?
• How can I reset my Drawdown Level?
• Is it possible to view my open trades on the MT4 platform?

How to Open a Trade?

There is no restriction on the maximum number of trades that you are allowed to copy.

Trade copying occurs in real-time, with almost immediate execution when you copy a trade. Additionally, there is no minimum deposit amount required to commence trading with Axi Copy Trading.

To open a trade, log in to your account navigate to the “Trade” tab, and select the symbol category you wish to open a trade. You can now scroll through the list of available products or use the search field to find the right instrument.

Once you’ve picked a product, you’ll be shown the current price chart, with options to Buy or Sell.

After you’ve picked a price direction, you’ll have the chance to modify more trade settings. But first, you need to choose an order type.

• “Force Open”, also known as “Market Order”, executes the trade at the current market price and allows you to set your Stop Loss and Take Profit levels.
• “Order”, also known as “Pending Order”, lets you set the trade parameters, including trigger price, Stop Loss, and Take Profit levels.

After choosing an order type you will need to set Quantity, Stop Loss, and Profit Limit.

• Quantity: Size of a Trade
• Stop Loss: A stop order triggers a trade at a set stop price when the market price hits or surpasses it. In other words, Stop Loss protects losses beyond price.
• Profit Limit: A Limit order executes solely at a specified limit price or even better. In other words, the Profit Limit locks profit.

Once you have set up your trading parameters, click on “Trade”. A pop-up will then appear stating that you’ve opened a position in the instrument you wanted to trade. Click on “OK” if you wish to proceed.

IMPORTANT: The execution prices on the account of the copying trader may differ slightly from the execution prices of similar trades on the trader’s account.

How to Edit a Trade?

Go to the “Positions” tab to view your open trades. Select Edit on the trade you wish to edit. There you can edit your Stop Loss or Profit Limit. Once you are satisfied, select Edit to confirm.

A confirmation screen for updated trade will pop out. Click on “OK” if you wish to proceed.

IMPORTANT: The execution prices on the account of the copying trader may differ slightly from the execution prices of similar trades on the trader’s account.

How to close a trade?

You can close the trade at any time after you have copied the trade. Go to the “Positions” tab to view your open trades. Select Close on the open trade you wish to close. It will bring you to the trade itself and you will need to select Close once again. Confirm your decision to close the trade, by clicking Yes or No.

A confirmation screen for updated trade will pop out. Click on “OK” if you wish to proceed.

How can I reset my Drawdown level?

IMPORTANT: Drawdown is set to your equity level NOT your balance

To reset your drawdown level, navigate to “Account” and select/reset the % of Drawdown. Once you set your Soft and Hard Stop you can click on “Agree and Confirm”.  

If you reset your drawdown, 0% will equal the equity at the time of the reset. There is no need to adjust your other levels.

Is it possible to view my open trades on the MT4 platform?

Once a trade has been copied it will be automatically reflected on both the linked MT4 account (laptop/ desktop/mobile) and within the Axi Copy Trading application.