How mirror trading works on Mirrorpip
When you follow a Mirror Leader, Mirrorpip monitors that leader’s trading activity around the clock. Each time they place a trade, Mirrorpip:- Detects the action — a new position is opened, modified, or closed by the Mirror Leader.
- Calculates your position size — your trade is scaled proportionally based on your account balance relative to the leader’s.
- Executes the trade — Mirrorpip places the same trade in your connected exchange account using your API key.
Key characteristics
| Feature | Detail |
|---|---|
| Execution | Automatic, real-time |
| Sizing | Proportional to your balance |
| Control | You can stop mirroring or close positions at any time |
| Custody | Your funds stay in your own exchange account |
Mirror trading vs. copy trading
Mirror trading and copy trading are similar but differ in execution:- Mirror trading (Mirrorpip): Trades are copied automatically and continuously in real time as the leader acts.
- Copy trading: Some platforms require manual approval or operate with a delay.
Mirror trading involves market risk. Past performance of a Mirror Leader does not guarantee future results. Always review a leader’s track record and set appropriate risk limits before mirroring.
What mirror trading is not
- Not a managed account — Mirrorpip does not manage your funds. You retain full control of your exchange account.
- Not guaranteed profit — Markets are volatile and Mirror Leaders can experience losses.
- Not leverage by default — Position sizing is proportional to your balance unless the leader trades with leverage on their own account.
Next steps
- Understand Mirror Leaders — learn who can become a Mirror Leader and what their profiles show
- Risk management — set limits to protect your capital