The AutoCopy system  in Garuda CopyTrade allows traders to copy validated Signal Providers. Using the technology , seamless copying of trades occurs from the Signal Provider account to the Copy Trader account in real time. All that is required is the linkup of MT4 or MT5 trading account to the service. Signal Providers are rewarded on the basis of selected Fee Model. Various available Fee Models are Per Month, Per Trade and Per Lot. Further development of Fee Models can be done according to the requirement of the platform acquirer. 

There is no cost for a member to participate on Garuda Copy Trade. If you are a Copy Trader, then you only pay the fee applied by the Signal Provider.

There is no limit to the number of accounts to link to your Garuda Copy Trade profile.

Any instrument which is supported on MetaTrader 4 on PT. TRFX Garuda Berjangka.

A follower is a member who subscribes to another member in order to be notified of their posts, comments and trades.

If you are using our Hosted connection then you are free to shut down your MT Terminal. Your account will remain connected to Garuda Copy Trade and all functions such as account synchronization, AutoCopying etc will continue uninterrupted.

From your profile settings, you have complete control over your account privacy by choosing to show/hide various details. The security of your information is our top-most priority. Garuda Copy Trade uses industry leading encryption methods to transfer and store all data.

Failure to adhere to these guidelines may result in a deleted post or suspended membership:

Consider others. We’d like to think of Garuda Copy Trade as a community, one where we can learn from each other in a cordial and civil manner. Please be considerate of others when posting. Always pause and think before posting.

Keep it trading related. Obviously not all non-trade related banter is bad, but some can be. See guideline #1.

No broken records. Have something to say? Great, let’s hear it! But once is enough.

No solicitations. Period.

No Spamming. We have a zero-tolerance policy against spam. Any member caught spamming others will result in permanent account termination. No exceptions.

Respect proprietary information and confidentiality.

Respect your audience. No ethnic slurs, obscenity or name calling please.

No promissory language. Not only do our regulatory bodies frown upon this, it’s also unethical.

Garuda Copy Trade earns revenue from the following sources:

A fee deducted from the signal providers AutoCopy fee

Connection hosting

Advertising banners

Technology White Label services

No, it is not possible to change your username for transparency reasons.

AutoCopy is a system that allows a member to automatically copy trades from another member (a validated Signal Provider) or chosen group of traders.

As a Copy Trader, the AutoCopy system allows you to build your experience by AutoCopying trades from other 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.

We recommend using our Hosted connection when using the AutoCopy system, as it ensures that your account will be virtually always connected. Also, the execution speeds are greatly reduced with the Hosted connection, resulting in a noticeably lower slippage.

The following fee models can be applied for the AutoCopy system.

Commission Per trade - a fixed amount applied on each AutoCopied trade.

Commission Per lot - a fixed amount based on each AutoCopied lot. The formula is the Commission amount per lot * Number of lots. For example, if the fee is 2.00 USD and you AutoCopy 1.14 lots, your fee is 2.00*1.14 = 2.28 USD

Monthly Subscription - a fixed amount that is applied at the beginning of the subscription period for an unlimited amount of AutoCopied trades. Copy Traders can cancel the subscription any time and a pro-rata amount will be returned to the Copy Traders credit balance; however early cancellations are subject to a penalty equivalent to 3 days of the subscription fee

Free Trial to new Copy Traders - The amount of days available with no AutoCopy fees. It will be automatically applied to new AutoCopied accounts.

From the ‘Find Traders’ page, Garuda Copy Trade provides you 10 different filters and over 30 performance indicators to help you identify traders to AutoCopy. 

We recommend trying AutoCopy with a demo account before switching to a live account. We also encourage you to engage via the messaging functionality with your pre-selected Signal Providers to confirm that their strategies are in line with your objectives. They may also recommend optimal AutoCopy settings to apply to your account.

Yes, you can AutoCopy as may traders as you want. Please ensure you have enough credits to do so.

Yes, you have full control to stop or pause AutoCopying a trader.

Yes, AutoCopy manages trades that are placed through this system only. Any other trades, manual or automatic are not touched by the AutoCopy system.

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.

An Orphan trade is a trade that can no longer be tracked by the source account (account that triggered your trade). This can happen for various reasons:

Your account was offline when the trader whose trades you AutoCopied closed the trade.

Your broker rejected the request or failed to process it.

The account of the trader you were AutoCopying 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 an orphaned trade is detected. If this function is disabled or if you remove a trader from your AutoCopy portfolio, you are responsible for manually closing these trades at your discretion.

A validated Signal Provider is a member with a linked account who publishes trades to his/her Garuda Copy Trade profile in order to be AutoCopied by other traders for a fee.

Garuda Copy Trade team has to validate a member before he can become Signal Provider to ensure maximum protection and trust for our Copy Traders.

Credits allow you to use premium functions, such as the AutoCopy system. There are different categories of credits:

For AutoCopy Traders

Purchased Credits

You can buy credits using one of Garuda Copy Trade’s available payment methods. 

All credits are in US Dollars.

Bonus Credits

An amount applied by Garuda Copy Trade to members for various promotional programs.

For Signal Providers

Earned Credits

Credits can be earned by allowing members to AutoCopy your trades. 

Only live accounts are eligible to earn credits.

You can purchase Credits using the following payment processors:

Duitku

FasaPay

Purchases of credits are done from the Credits page.

For AutoCopy Traders

All purchased credits and bonus credits are non-redeemable and can only be used to pay AutoCopy fees.

For Signal Providers

To withdraw your earned credits, you must submit the withdrawal credits form. Processing credit withdrawals may take up to X business days.

Note that there is a minimum of Rp.10,000,- for which the withdrawal requests can be submitted.

A bank transfer fee may apply.

Effective May 1, 2020, all credit purchases and earned credits can be redeemed. Bonus credits are non-redeemable and can only used to pay AutoCopy fees.

Prior to May 1, 2020, as per the previous policy, earned credits can be redeemed. All purchased credits and bonus credits are non-redeemable and can only be used to pay AutoCopy fees.

We do not charge deposit and withdrawal fees.

As part of our commitment, we cover most payment processing fees. On rare occasions, you may incur fees when transferring money to and from your account. These are determined and levied by the payment gateway.

We provide online payment methods as follow :

1. OVO
2. Virtual Bank Account Transfer
3. Indomaret

No inactive fees will be applied to any member.

Instead, the MT4 account will simply be unlinked from your account after 3 months of inactivity.

The Leaderboard lists the top 10 traders based on their Return and Pips in two different time periods - “This Week” and “This Month”.

The weekly period starts when markets open on Monday in Asian trading and ends on Friday evening after the close of the trading.

The monthly period starts on the 1st of the current month and ends on the last day of the month.

Return (as further explained below) is calculated as the Time Weighted Rate of Return in the given time period.

Besides having a good return, additional conditions must be fulfilled for an account to appear on the Leaderboard:

Account must have a positive total number of pips generated in the given time period

Account must have a positive total return

Current account's equity must be larger than $100 

We currently calculate 4 different types of returns:

“Return” - this is the main performance measure and is a Time Weighted Rate of Return (TWRR). TWRR is the most widely accepted performance measurement methodology and is compliant with the CFA's Global Investment Performance Standards.

The calculations are performed every 15 minutes. As is the case with most other statistics, the more frequently the account is kept online, the more accurate the measures are.

ROI - Return On Investment - is calculated as Sum of Realized and Unrealized Profit over Total amount of Deposits.

∑(Realized and Unrealized Profit including Commissions and Interest) / Sum (Deposits)

Drawdown is a measure of the maximum peak-to-trough loss in equity suffered by the account over its history.

Technically it is determined as a maximum difference between equity at a point in time called local maximum and a subsequent equity point called local minimum. Note that the local maximum and local minimum do not necessarily correspond to the historically highest and lowest equity points for the give account.

Let’s illustrate this on an example

The Drawdown is determined as a maximum difference between 2 subsequent points on this chart. The first point is called Local maximum, the second Local minimum. No other 2 subsequent points on the chart have a bigger difference in value than these 2 points.

The difference in value between Local maximum and Local minimum is called an Maximum Drawdown. Another measure, a Relative Drawdown is calculated as Maximum Drawdown over the value of Local maximum.

Deposits and Withdrawals to and from the account should not influence the Drawdown calculations. However this is dependent on these external flows being correctly recorded by the broker and fed to the MT server with the correct dates. It sometimes happens that after an external flow (Deposit or Withdrawal) occurs, the broker only records it several days after the actual date. In these cases, the correction for the external flows will not be correctly applied and a new Local maximum or Local minimum can erroneously be created.

These are different risk measures reflecting the variability of the account’s returns.

The Volatility is measured as a standard deviation of the account’s daily returns.

Value at Risk (or VaR) is a measure of the risk of investments. It estimates how much a set of investments might lose, given normal market conditions, in a set time period.

Specifically we compute a parametric VaR with a 95% confidence interval over a period of 1 day. What this means is that this measure shows how much of the account’s equity is likely to be lost given the account’s historical return and volatility data on a ‘bad’ day, defined as the 5th worst day out of 100 trading days.

Sharpe Ratio is a measure of a risk adjusted return, i.e. how much return the account generated over a unit of risk. The ratio is thus calculated as Return over Volatility.

Online Frequency measures how often a member's linked account is connected to their Garuda Copy Trade  profile -- which is checked every 15 minutes by our system. Accounts linked less than 24 hours ago don't have the Online Frequency displayed. The indicator is displayed as a percentage.

You can reset your password by visiting the login page. Click "Forgot Password?" and enter your email address. Your new password will be emailed to you right away.

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:

Failed to place trade. off quotes - this is a one-size-fits-all error message returned by the broker that can mean a variety of things. Please check with your broker.

Ticket: [number] failed to close. common error or no error or unknown error- another one-size-fits-all error message returned by the broker. Please check with your broker.

Ticket: [number] failed to close. invalid ticket - the AutoCopy system was not able to close this ticked because it was most likely