Copy trading

Bitget Copy Trading: Guidelines for Futures Copy Trade Followers

2022-07-26 07:2984773
Explore futures copy trading on Bitget with our comprehensive guide tailored for followers. In this article, we will provide you with the operational guidelines you need to follow to make the most of futures copy trading.
From understanding elite trader data to setting up your copy trading account, checking copy trade data, editing your copy trades, and closing positions, we will cover every aspect of the copy trading process in great detail. You'll learn how to choose elite traders wisely, configure your copy trading settings, and effectively manage your copied trades.
Whether you're a seasoned trader looking to enhance your trading strategy or a newcomer eager to start your copy trading journey, this guide will equip you with the knowledge and tools you need to succeed. So, let's dive in and uncover the secrets of futures copy trading on Bitget, one step at a time.

I. Elite Trader Data

(1) Registration days: The number of days since the elite trader has registered.

(2) Followers: The number of current users following the elite trader.

(3) Total assets: The total assets in the trader's futures account.

(4) Return on Investment (ROI): ROI = PnL ÷ Principal × 100%

(5) Total transactions: The number of transactions that have been completed through opening and closing positions.

(6) Followers (all-time): The number of people who have followed the elite trader at any time. Note that if a user re-follows the elite trader after unfollowing, they will still be counted as a single follower.

(7) Total PL: The total profit and loss of closed orders.

(8) Profitable trades: The number of trades with positive returns (before deduction of the trading fee and funding fee).

(9) Losing trades: The number of trades with negative returns (before deduction of the trading fee and funding fee).

(10) Win rate (3W): The number of orders with positive returns in the last 3 weeks divided by the total number of orders in the last 3 weeks.

* Note: The above data are updated hourly.

For more details, please refer to [Traders’ Data Explanation].

II. Copy Trading Process

Choose your elite trader(s) > set up a copy trading account > check the copy trade data > edit the copy trade > close the position.

1. Choose your trader(s)

(1) Enter the copy trading page to view the trader data (for more details, please refer to Traders' Data Explanation).

(2) You can follow multiple elite traders at the same time.

(3) If the elite trader is marked as full, you may select slot reminder.

2. Set up your copy trading account

(1) Choose the elite trader you want to follow, then use the Copy Trade button to enter the Copy Trade page.

(2) Futures available for copy trade: Select the futures trading pair(s) you want to follow.

(3) Copy methods: Fixed amount, multiplier, or fixed quantity.

(4) Common/advanced settings: You will use common settings by default. If you require more detailed configurations (such as leverage), you must select advanced settings.

(5) Risk control: Take-profit ratio, stop-loss ratio, and maximum amount (USDT).

(6) Use the Confirm button, read the Copy Trade Agreement, then use the Copy Now button.

* Currently, copy trading is only available in the hedging mode.

3. Check copy trade data:

After setting up your copy trading account, you can go to the Copy Trade page to view all detailed information, including:

(1) Copy Trade Data:

  • Invested Principal: The total principal of all closed orders copied from elite traders.

  • Net Profit: The total profits of all closed orders copied from elite traders, minus opening fees, closing fees, and funding fees (note that the profit to be shared is not deducted).

(2) Current copy trades: Copied orders that have not been closed.

(3) Historical copy trades: Copied orders that have been closed.

(4) My traders: The elite traders that you are following. When an elite traders open a position, you will immediately copy that position.

(5) Copy trade info: The remaining amount available for copy trading.

For more details, please refer to [Followers Can View "My Copy Trade” Data].

4. Editing copy trades

You can find your elite traders from the list or through My Traders under My Copy Trades, then use the Edit button to edit your copy trade settings or unfollow an elite trader.

(1) When you unfollow an elite trader, your copied orders will not be affected. You can still copy when the elite trader closes that trade or close the position on your own.

(2) Edited copy trade parameters only apply to new copy trade orders. Existing copied orders will not be affected.

5. Closing positions

You can close your copied positions from My Copy Trades or Current Copy Trades on the futures page.

(1) Each copied order will be displayed separately Current Copy Trades on the futures page.

(2) All positions of the same direction under the same futures will be merged into Positions.

(3) If you close a position using the close position feature, the orders you placed on your own will be closed first.

For more details, please refer to [How Followers Close a Position].

You can also read [Functions Available to Followers] to learn more.

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