Welcome to the LOOKME copytrade community
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Common problem

We have sorted out some customer FAQs. You can find the answers in the following table. If you don't find the questions and answers you want, you can contact our official email cs@lookmefx.com

LOOKME overview

What is lookme?
Lookme is an open foreign exchange documentary trading platform. Users can analyze the feasibility of trading strategy by viewing the historical performance and data statistics of traders (Masters), and then choose to follow traders for full-automatic synchronous trading.
What is MT4?
MT4 (full name: metatrade 4) is the most common market receiving software in the world. It is also the safest and most efficient precious metal trading software in the world. 90% of the world's professional trading users are using it. It's just that users choose different servers.
What are MT4 brokers and servers?
MT4 broker is a market transaction settlement service provider, except that MT4 servers use MT4 trading software to provide efficient settlement and transaction services. Users register with the broker, and the broker will provide corresponding servers, such as IC markets-live09 (broker icmarkets provides real server).
What is the relationship between lookme and MT4 and brokers?
Lookme is a three-party plug-in service provider of inventory. Through the three-party communication technology developed by the team of lookme, it directly synchronizes the transaction signals to the transaction accounts (usually: MT4, MT5, ctrader, MT4 web page version, MT5 web page version, etc.) associated with users. It has no relationship with MT4 and brokers.
What are the features / advantages of lookme?
Lookme platform not only provides traditional transaction and documentary services, but also provides risk control tools, forward and reverse tools, combination tools, batch tools, customized EA generators, customized indicator online generators, etc.

Operation process / risk control settings

How to register?
Visit the official website of lookmewww.lookmefx.com  Click Register and submit basic information to register.
How to bind / modify MT4 account?
After login, bind / rebind the MT4 account according to the index or click "personal center", select demo / live account and select the broker and server you use, then fill in the MT4 account and master password (transaction password), click Submit, usually the system will try to verify the correctness of the information within a few minutes, at this time you can browse other pages, waiting for approval, After the approval, there will be a message or email reminder, and a binding will take effect permanently. When you change the transaction password of the account or need to change another account, you can click to change the binding MT4 account in the "personal center" again to change the information.
How to follow the master for free?
In the lookme "follow the deal" list, select a trader you think is good, click "free follow" or click "follow" on the trader data details page to follow the deal for free.
How to combine merchandises?
In the lookme "follow trade" list, select the trader you think is good, click the "follow" button, add the signal to the portfolio list, and then follow multiple follow trades to trade at the same time.
How to execute / modify / delete the documentary parameters?
Start: the first start will immediately synchronize the current signal position order;
Modify: will take effect after the next signal transaction;
Delete: the transaction order under the signal will be removed immediately.
What does weight mean?
The user can set a weight for each strategist to convert the signal transaction into fixed transaction volume, so as to control and balance each signal risk. When the signal opening transaction, the system will convert the transaction volume into the number of hands corresponding to the weight for synchronous transaction. By adjusting the weight, to some extent, it can avoid the withdrawal period of some signals and reduce some losses.
Setting of single direction?
When signal opening transaction, the system will open positions in the same direction / reverse direction according to the direction set by the user. For example, when signal creates a buy order, reverse will create a sell order.
Maximum float loss limit?
When a signal appears overall floating loss and reaches the set amount, the system will cut off the connection of the signal and close the order under the signal. This function is equivalent to a forced stop loss function, which can avoid some signal abnormal operation, resulting in excessive loss.
Position limit?

Data / charts

How to calculate income data?
Profit: transaction profit - handling fee - inventory fee (net profit value of transaction)
Initial deposit: the record of the first deposit and deposit of the trader
Profit rate: profit ÷ initial deposit × 100% (when the trader's deposit and withdrawal are detected, record the current profit rate and re count the total value)
Profit factor: gross profit ÷ gross profit loss (this value means the trader's profitability and ability to cover the loss)
Expected return: total profit ÷ total transaction (this value is the average net profit of each transaction)
Monthly growth: trading profit ÷ month (this value is the average value of monthly profit margin)
Annual forecast: monthly growth × 12 (this value forecasts the annual yield through the monthly average yield)
How to count transaction data?
How to make statistics of risk data?
Total transaction: historical transaction order quantity (excluding current position quantity)
Profit transaction: historical transaction profit transaction ÷ total transaction (this value is a direct reflection of the transaction winning rate)
Loss transaction: historical transaction loss transaction ÷ total transaction (this value is the direct reflection of transaction error rate)
Best transaction: the order amount with the largest profit from historical transaction
Worst transaction: the order amount with the largest historical transaction loss
Gross profit: the sum of historical transaction profits
Gross profit loss: sum of historical transaction losses
How to make statistics of chart data?
Growth: total profit graph drawn by statistics based on historical transactions
Performance: column chart drawn with historical single day / week / month profit (net profit) and points (net profit point)
Net value: the line chart recording the balance and net value comparison chart
Floating loss: a line chart recording the floating loss rate
Bin: a line chart recording the bin proportion
Offsets: analysis graphs for statistical comparison of MAE / MFE

Service charge

What is copy documentary?
Click free follow or follow to follow a single trader.
What is combined merchandising?
At the same time, follow multiple traders to carry out follow-up transactions.
What are risk control settings?
After selecting the signal, you can set some risk item limits for each signal.
What is reverse merchandising?
When signal opening transaction, the system will open positions in the same direction / reverse direction according to the direction set by the user. For example, when signal creates a buy order, reverse will create a sell order.
What is bulk merchandising?
Users can use a registered account to associate multiple MT4 accounts for document tracking.

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