Copy trading

Bitget’s One-Click Copy Trade: PnL differences between position page and copy trading page

2022-08-02 15:570184

Dear Global Bitgetters,

This article is about the interface changes for traders in long positions using the One-Click Copy Trade feature. Specific changes will be limited to the content under "Position" and "Current Copy Trades".

Here is a description of what will be displayed when a trader in a long position is partially closing the position, opening a new position or closing all positions.

Positions (Long) Current Copy Trades

Time 1

Open price is 1,000 USDT;

Volume of position opened is 1 BTC

Open price is 1,000 USDT;

Volume of position opened is 1 BTC

Time 2

Open price is 2,000 USDT;

Volume of position opened is 1 BTC

Only one message will be displayed under "Position":

Average price is 1,500 USDT;

Volume is 2 BTC

Open price is 2,000 USDT;

Volume of position opened is 1 BTC

Two messages will be displayed under "Current Copy Trades":

Open price is 1,000 USDT;

Volume of position opened is 1 BTC

Open price is 2,000 USDT;

Volume of position opened is 1 BTC

Time 3

Close price is 2,000 USDT;

Volume of position closed is 1 BTC

Profit = (2,000 - 1,500) * 1 = 500

* Note: Traders will not be able to close positions under "Positions", please go to "Current Copy Trades" for this operation.

Close price is 2,000 USDT;

Volume of position closed is 1 BTC

Selecting either of the following two options when closing the position:

A: Open price is 1,000 USDT;

Volume of position opened is 1 BTC

B: Open price is 2,000 USDT;

Volume of position opened is 1 BTC

If you choose A, profit =

(2,000 - 1,000) * 1 = 1,000

If you choose B, profit =

(2,000 - 2,000) * 1 = 0

Time 4

The position is closed.

The following message will be displayed under "Position".

Average price is 1,500 USDT;

Volume is 1 BTC

The position is closed.

(Suppose A is closed and B remains open)

The following messages will be displayed "Open price is 2,000 USDT;

Volume of position opened is 1 BTC"

* Note: Now there will be a prompt under "Current Copy Trades", showing you have 1 profitable transaction with a return of 1,000 USDT.

Time 5

Continue to open positions.

Open price is 2,500 USDT;

Volume of position opened is 1 BTC

Only one message will be displayed under "Position":

Average price is 2,000 USDT;

Volume is 2 BTC

Calculation: (1,500 + 2,500) / 2



Continue to open positions.

Open price is 2,500 USDT;

Volume of position opened is 1 BTC

Two messages will be displayed under "Current Copy Trades":

Open price is 2,000 USDT;

Volume of position opened is 1 BTC

Open price is 2,500 USDT;

Volume of position opened is 1 BTC

Only one message will be displayed under "Total".

Entry price Average price is 2,250 USDT; Volume is 2 BTC

Calculation: (2,000 + 2,500) / 2

Time 6

Close price is 2,000 USDT;

Volume of position closed is 2 BTC

B’s profit = (2,000 - 2,000) * 1 = 0

* Note: Traders will not be able to close positions under "Positions", please go to "Current Copy Trades" for this operation.

Close price is 2,000 USDT;

Volume of position closed is 2 BTC

Here you need to close the two positions.

C: Open price is 2,500 USDT;

Volume of position opened is 1 BTC

B: Open price is 2,000 USDT;

Volume of position opened is 1 BTC

C’s profit = (2,000 - 2,500) * 1 = -500

B’s profit = (2,000 - 2,000) * 1 = 0

* Note: One transaction is profitable and the other is losing.

Total PL PL: 500 + 0 = 500 PL: 1,000 - 500 = 500

Bitget Team

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