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Mirror trading amplifies both the gains and the losses of the trader you follow. Mirrorpip provides risk management tools that let you define boundaries for your mirroring activity — so you stay in control of how much of your capital is at risk at any time.
All trading involves risk of loss. Risk management tools reduce exposure but do not eliminate the possibility of losing capital. Only mirror with funds you can afford to lose.

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Risk controls available in Mirrorpip

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Allocation limit

Set the maximum amount of your exchange balance that Mirrorpip is permitted to use for mirroring a specific leader. For example, if you have 1000 in your wallet and you set 200 allocation for a leader, ideally you will get 0.2x position of the leader. (you can always increase/ decrease the multiplier on the go)

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Stop-loss threshold

Define a loss threshold that, when reached, automatically pauses or stops mirroring for a particular leader. This protects you from runaway losses if a leader enters a prolonged drawdown. (This feature is not live yet and will be released soon)

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Per-trade size cap

Cap the maximum size of any single mirrored trade. This prevents an unexpectedly large position from consuming a disproportionate share of your balance. (This feature is not live yet and will be released soon)

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Setting your risk limits (coming soon)*

1

Open the leader's mirroring settings

In the Mirrorpip app, navigate to the Mirror Leader you are following (or are about to follow) and tap Mirroring Settings or Configure.
2

Set your allocation

Enter the maximum balance amount you want to allocate to this leader’s trades.
3

Configure your stop-loss

Enable the stop-loss toggle and enter the loss amount or percentage at which Mirrorpip should stop mirroring automatically.
4

Save your settings

Tap Save or Confirm to apply your risk limits. They take effect immediately.

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Best practices

Start with a small allocation when mirroring a new leader. Observe their performance for a few weeks before increasing your allocation.
  • Diversify across leaders — Following multiple leaders with different trading styles can reduce the impact of any one leader’s losses.
  • Review periodically — Check your mirroring settings and a leader’s recent performance regularly. Markets change, and so do trading strategies.
  • Don’t over-allocate — Avoid allocating your entire exchange balance to a single Mirror Leader, regardless of their track record.
  • Use stop-loss thresholds — Always set a stop-loss for each leader to cap your downside automatically.

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Stopping mirroring

You can stop mirroring any leader at any time. See Stop mirroring a leader for step-by-step instructions. Stopping mirroring does not automatically close open positions — you will need to manage those manually on your exchange.