Becoming a Strategy Provider
Any trader with a cTrader account can become a Strategy Provider to share trading strategies and charge fees from the Investors. The Providing a Strategy option is available from the trader account profile. Please find the detailed information on the Account profiles above in the [Account and Strategy profile] section and follow the steps below to provide your strategy for copying.
Note that traders with Hedging accounts only can provide their strategies for copying. Providing strategies is impossible for the Netting accounts.
Providing a Strategy
To become a Strategy Provider, select a trading account from the Accounts list to the left and click it. The Account profile will expand to the right. Note that the ability to charge fees for providing the strategies depends on the account type (Demo or Live) and on membership type.
- Providers with Full membership can charge the Investors with Live accounts for copying their strategies.
- Providers with Demo membership can only provide free of charge strategies.
The ability to copy certain types of strategies is also regulated by the brokers by providing Investors with Full membership or Demo membership. Learn more from the [Investing in Strategies] section.
Check your account membership type before you start providing the strategies - FM or DM abbreviation in your account preview means Full or Demo membership respectively.
Note that providing Demo strategies deals with virtual funds only and doesn’t intend charging from the Investors.
1. To start providing your strategy to the other traders, click Become Strategy Provider to the upper right of the account profile.
2. The Become Strategy Provider form will pop-up. In this form specify:
- Strategy Name - a name of your strategy that will be displayed to the other Investors in the Strategies list.
- Who can see and copy your strategy - Everyone or Traders with Invitation Links only. Learn more about sharing options in the [Inviting Investors] section of the present documentation.
- Volume Fee - an amount you will charge your followers per deal (up to 100 USD).
- Performance Fee - an amount you will charge your followers on Net profit made using a High-Water Mark model (up to 50%).
- Management Fee - an amount you will charge for managing the followers’ funds (up to 10% of the followers’ equity).
- Minimum Investment - a minimum amount of funds required to be allocated to a Copy Trading Account to start copying. Type the number in the box or use toggles.
- Add description to your strategy. Use formatting panel to format the text, add images and links. This description will be displayed to the Investors in the Strategy profile.
Note that once you have started providing a strategy, you cannot change the fees. If you need to change the fees while providing a strategy, you will have to stop it and proceed to the Become Strategy Provider form again. But in this case, your strategy will be considered as a new one and the strategy that you have stopped will be removed, and the copying for the Investors will be stopped.
When done, click Become a Strategy Provider to confirm your action.
3. Now your strategy is being provided to the Investors - you can see the Provider icon in the account preview.
Managing a Strategy
When providing a strategy, click on your strategy preview in the Accounts list to expand the Strategy profile to the right for viewing the details and managing the strategy. To the top of the Strategy profile your strategy basic details are displayed:
- Strategy name
- cTrader ID of the Strategy Provider with sharing options
- All Time ROI percentage
- Total profit of the strategy in Pips
- Number of copiers following the strategy
- Strategy age from the moment it was started being provided
Besides the standard charts and tables mentioned in the Account and Strategy Profile section, your Strategy profile will contain your personal strategy details in the Providers Analytics section. This section contains:
- Total Commissions Acquired - a total amount of all the commissions you have charged from the copiers in the account currency.
- Total Number of Copiers - a total number of traders who have been following the strategy for all the time it exists.
- Average Number of Copiers per Day - a number of traders following your strategy daily. Can be calculated by dividing all the copiers by the number of days from your account age.
- Total Volume Copied - a total copied volume in USD.
- Average Volume Copied per Day - Total Volume Copied divided by the number of days from the strategy age.
- Total Amount of Capital Copying (Live) - an amount of funds in USD being copied at the moment by Live followers.
- Average Funds Copying per Day (Live) - an average amount of funds being copied daily by Live followers.
- Total Number of Deals Copied - a total amount of the deals copied from the moment the strategy has started being provided.
Click on the Strategy Provider cTrader ID to expand the full Strategy Provider statistics including Total Copied Capital, Strategy Activation date, Average Profit, Total Own Funds, Current Copiers, and All Time Copiers. All the Providers strategies are displayed below in the list.
Click Strategy Settings to the upper right of the Strategy profile to change the strategy sharing options, Minimum Investment, or customize the strategy description. When done, click Save Changes to confirm your actions.
To stop sharing a strategy, click Stop Providing Strategy to the upper right and confirm your action in the pop-up. Note that when you stop providing a strategy, all the Investors will automatically stop copying it, and all the open positions within your strategy will be automatically closed for the followers.
As mentioned, the strategies can be shared with the Investors in two ways - among all traders without any restrictions, or traders with invitation links only. In the first case, the strategies can be searched and discovered from the Strategies list or shared via public links. In the second - the traders with private one-time links only can follow them. Direct links to a strategy can be generated from the sharing menu to the top of a Strategy profile.
To invite traders to follow the strategy via a direct private link, the strategy sharing options should be set properly first. Sharing options can be set when you start providing a strategy in the Become Strategy Provider form, or when you are already providing a strategy in the Strategy Settings.
When starting providing a strategy, in the Become Strategy Provider form use the Allow Copying To drop-down to set sharing options. Select Traders with Invitation Links to hide the strategy from anyone else except those who have unique invitation links. Note that when you hide the strategy while any of the Investors are copying it, they will still keep copying it but the strategy will no longer be listed in the Strategies list.
When sharing options are set, the Personal Invitation Links section will be enabled in the sharing menu. Here you can generate and manage the individual invitation links.
To generate the individual links, enter the number of links you need (type or use toggles) and click Generate. The generated links will appear above in the list. Click Copy next to the required link to copy it.
Use checkboxes to select the required links for the group actions:
- Click Copy Selected to copy several links at a time.
- Click Mark as Sent to move the links to the Sent list. To view the Sent links list select Sent from the View links drop-down to the upper right.
- Click Delete Selected to completely remove the selected links.
Note that when a recipient follows a direct link to a strategy, he will be prompted to log in or sign up to his cTrader ID. When logged in, the linked strategy will automatically open in cTrader Copy. If a recipient was already logged in with his cTrader ID credentials, then the linked strategy will be automatically opened.
Also, note that once a recipient follows the personal link and starts copying the strategy, the link will expire and will be removed from the list automatically.
A Provider can embed and publish strategies on the web with the embedded code provided in the sharing options. To get the embeddable code, click on the Embed button next to the cTrader ID to the top of the Strategy profile. Click Copy to Clipboard to copy the code and paste it wherever you would like to publish it to.
Your Strategy profile will be published on the web with all the charts and tables including your current open positions updated in real-time. Clicking on the Start Copying button will redirect an Investor to your strategy in the cTrader Copy where he will be able to start copying it once he is logged in with his cTrader ID.
Note that if you set a published strategy as private, then it will still be visible from the web, but when an Investor tries to copy it, he will be rejected.