How to Compare Strategies in Headway Copytrade 

Headway Copytrade offers you a wide selection of strategies to follow. But is there a way to compare them to choose the best? Well, there is! In this guide, you will learn how to compare several strategies at a time and analyze their differences.

Why do you need to compare strategies?

The Investor Board in Headway Copytrade has all kinds of different strategies. While you can certainly explore them one by one, it is hard to remember all the stats.

That’s why Headway developed a feature for comparing different strategies. This way, you can see them side by side and analyze their success and profitability in a much broader context.

Now, let’s find out how to select several strategies for comparison.

How to add strategies for comparison in Copytrade

You can select potential strategies while browsing through strategy cards on the Investor Board. Simply click the ? icon to add a strategy to the comparison list.

You can compare an unlimited number of strategies at the same time. However, it is more convenient to analyze the data of up to five strategies at once.

To start your comparison, click Compare at the bottom part of your screen.

How to analyze comparison sheets in Copytrade

A comparison sheet includes information about all strategies you selected. If you want to add more strategies to the list, you can click Add to compare.

At the top row of the comparison sheet, you will see the names and icons of the selected strategies. The rows below show the key statistics of each respective strategy. This allows you to see all important parameters at the same time.

Now, let’s explore which stats you can analyze in a comparison sheet.

Commission	The money traders charge you for copying their trades. This row allows you to compare how much it would cost you to follow each strategy.
Gross profit	The money each strategy has managed to bring including all the losses it incurred. For instance, if a strategy brought $500 but lost $150, the gross profit of this strategy will be $500 – $150 = $350.
Gain	The ratio of gross profit to investments. In simpler terms, this percentage shows how much a trader managed to increase their capital through trading.
Active days	The number of days during which the strategy owner has engaged in active trading. This parameter takes into account any day when the trader opens or closes at least one position.
Win rate	The ratio of successful trades to the total number of trades made on a strategy account. This is one of the parameters that helps you assess the overall performance of a strategy.
Risk	The potential for financial loss arising from fluctuations in the value of traded assets. In Copytrade, the risk of a strategy can be low, medium, or high. Headway calculates it based on the number of open positions and the capital invested in them. So if one trader puts 50% of their money into trades, they’re taking more risk than another trader who only puts 10% in.
Investors	The number of investors following each specific strategy.
Profitable orders	The total amount of earnings made on each strategy account.
Profit	The overall amount of financial loss incurred by the strategy owner.
Loss orders	The number of trades that brought losses.
Loss	Overall amount of financial loss incurred by the strategy owner.
Balance	The current value of a strategy account. Knowing how much capital a trader uses can help you better evaluate the profitability of a strategy.
Equity	The sum of the account balance and the value of potential profits or losses. It shows what would happen with the account balance if the trader closed all active trades at this particular moment. A higher equity generally means the account is doing well, while lower equity might indicate losses or less profitable trades.
Account type	The account used by a trader. Headway offers three types of trading accounts: Cent, Standard, and Pro. This is one of the adjustable account parameters. If you decide to follow a strategy, you can customize your account type according to your preferences.
Platform	Trading platform that hosts each account. This is one of the adjustable account parameters.
Leverage	Amount of leverage used by traders. This is an adjustable setting that can be changed at any time.
Currency	The currency used for making transactions on each strategy account.
Joining date	The date when each strategy account was first created.
Favored	The number of users who added each strategy to their Favorites (⭐). Note that this also includes users who aren’t following the strategy.
Likes	The number of active investors who found the strategy interesting and gave it a thumbs-up. You can like a strategy only if you are among its followers.

This spreadsheet allows you to see the most important strategy stats. Use it to compare the performance of each strategy, how well it is received by other users, and the main strategy settings used by strategy owners. Evaluate each row carefully to understand which strategy suits your goals best.

Start copytrading with Headway

We hope this useful guide will help you find a perfect strategy for your trading needs. Look through strategies, compare them to each other, and become a Copytrade investor. Copy your way to success now →

Should you have any questions, contact our Customer Care team via care@hw.site, in the app, or the live chat on the website.

Follow us on Telegram, Instagram, and Facebook to get the Headway updates instantly.