What is Copy Stop Loss?
Copy Stop Loss (CSL) is a feature that gives users the ability to effectively manage your trades by providing risk management across each copy relationships based on real time Profit/Loss values. It is essentially an automated risk control system that will allow you to set controls for the entire copy relationship, as a dollar value.
Trader A is copied by Trader B with $100 and a CSL set at $50 – meaning Trader B does not want the copy relationship to lose more than $50 before CSL triggers. Trader A has 2 positions: one that has gained $10, another that just dropped to -$60. At that point, CSL triggers and both positions – the losing position, and the gaining position are closed and the copying relationship with that trader is disconnected.
The system will automatically set the CSL at 40% of your copy balance with any one copy relationship by default so that 60% of your investment will be protected by default. By putting in place a default CSL setting, we are making sure that you are less exposed to risk and that you can invest safely, knowing that a good portion of your investment is guaranteed to come back.
Please read more about this feature here.