Once you select a trader to follow, you need to complete the copy trading setup by editing your follow settings. Currently, only Full Margin (Cross Margin) and Partial Margin (Isolated Margin) modes are supported.
A. Copy Trading Setup:
- Confirm the Copy Trading Asset and Amount:
- Copy Asset: Choose the trading pair supported by the trader. You can choose to follow all trading pairs or select specific pairs.
- Fixed Margin: When the trader places an order, you will follow the trader’s direction using a fixed margin. For example, if you set the margin to 200 USDT, every trade you follow will use 200 USDT as the margin.
- Fixed Percentage: When the trader places an order, you will follow the trader’s direction using a fixed percentage. The number of units for each copy trade = Trader's position * Fixed Percentage. If the trade size exceeds the maximum allowable size for the contract, the copy will fail.
B. Reasons for Copy Trade Failure:
- Insufficient available balance in the copy user’s account.
- Exceeding the maximum position size for a single contract.
- Trader is restricted from trading.
- Below the minimum position size allowed.
C. Opening and Closing Positions:
- After the copy user completes the setup, the copy trade will automatically follow the trader's open and close orders.
- The trader can set take profit and stop loss for positions, or manually close positions. The copy user’s position will be closed at market price by the system, while the trader’s position will not be affected.
D. Cancelling Copy Trading:
If you want to stop following a trader, you can cancel the copy in the "My Traders" list. After canceling, you will not follow any further trades from that trader.
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