Copy trading rules
When the copying user successfully follows the order, the system will automatically copy the perpetual contract transaction executed by the trading expert.
1. Rules for opening and closing positions
Open a position:
Trading expert order type | Follow-up trigger method | Follower user order type |
Taker order (market order/conditional order-market price) | trigger immediately | market order
Price limit: The maximum slippage of the trading expert’s entry price |
Pending order (limit order/conditional order-limit price/Maker only) | Triggered after the order is completed | market order
Price limit: The maximum slippage of the trading expert’s entry price |
Close position:
Trading expert order type | Follow-up trigger method | Follower user order type |
Taker order (market order/conditional order-market price) | trigger immediately | market order |
Pending order (limit order/conditional order-limit price/Maker only) | Triggered after the order is fully filled | market order |
How to calculate the opening and closing quantities?
【Follow the Trading Master】Mode
·Opening a position: The cost of opening a position by a copy user is directly proportional to the cost of opening a position by a trading expert. However, it should be noted that the system cannot guarantee that the opening price of the copy user is exactly the same as the opening price of the trading expert. Slippage may affect the actual number of positions opened by the copying user, causing the final amount to be less than the proportional amount of the order.
Assume that the trading expert's available margin balance is 1,000 USDT, and uses 500 USDT to open a position (that is, 50% of the available balance is occupied). If the copying user's copy amount is 500 USDT, the system will use 250 USDT to follow. Single user opening a position. However, please note that due to slippage, the actual number of successfully opened positions may be less than 250 USDT.
·Close the position: Suppose the trading expert holds a position of 1 BTCUSDT and then closes 20% of the position (i.e. 0.2 BTC). If the total copying amount of a copying user is 0.6 BTC, the system will automatically liquidate 20% of the copying user's position (i.e. 0.12 BTC).
【Fixed Margin】Mode
·Opening a position: The system will open a position according to the copying margin set by the copying user for each order.
Assume that the copying user's margin for each order is 20 USDT, and the total copying principal is 60 USDT. Each time a follow-up order is triggered, the system will open a follow-up position at a cost of 20 USDT. After completing 3 copy orders, the copy principal balance will become 0 (lower than the copy margin for each order). At this time, due to insufficient principal balance, the copying user can no longer copy the trading expert.
·Close the position: Suppose the trading expert holds a position of 1 BTCUSDT and then closes 20% of the position (i.e. 0.2 BTC). If the total copying amount of a copying user is 0.6 BTC, the system will automatically liquidate 20% of the copying user's position (i.e. 0.12 BTC).
Please note:
·If the opening amount is lower than the minimum transaction amount or the minimum order nominal value, the system will open a position for the copying user based on the minimum transaction amount. For details, please see the Trading Rules.
·If the opening amount exceeds the maximum limit corresponding to the selected leverage, the system will open a position for the copying user according to the maximum limit. For details, see Leverage and Margin for U-margined Contracts.