Setup Guide - Autotrader Moneta
Step 1
• Register a Trading account by clicking this link – Moneta
• Enter your details and for account setting select
o Direct STP Account
o GBP
o 1:500 leverage
o MT4
• You may need to upload your ID documents for verification which usually takes a few hours
• Once verified and account opened, deposit your funds (min £100) via your chosen deposit method
• Now you have successfully created and funded a trading account.
• You will get a number of welcome emails from Moneta, please look out for the MT4 login email and keep this safe.
• Download MT4 in the apps store and connect your account using the login details for MT4
Step 2
• Go to your app store and download Moneta CopyTrade
• Create a new account using name and email address. This is different to your account details in step 1.
• Once you have created the account click discover and the list of traders will appear to copy.
The traders are ranked in order of success, some have been trading longer than others so worth checking before you select who to copy
• Once you have selected your trader, click copy
• Their performance fee and recommend equity will be there to review
• DO NOT CLICK COPY EXISITING TRADES – they may have a number of existing trades open so by clicking this your account could go into a large drawdown
• Agree and copy
• Connect existing account using you MT4 account details
• Congratulations, you have now set up your automated system.
• The autotrader will start to place trades very soon after and will also close trades too
Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.
You do not need to leave your app open or your computer running. The system is cloud hosted and will just continue to run. The only time you will need to log in is to check the progress which
you can do on MT4 Certain traders do not use TP/SL’s on positions, it’s best to check into MT4 and close up your biggest profits regularly. They aim for £1-£2 profits on 0.01 lot sizes
Certain traders follow vastly different trading styles to what you may be used to and as such may have multiple positions running on the same thing at the same time. This is no reason for concern. Remember, drawdown isn’t loss!