Copy trading refers to a trading model in crypto trading where regular investors (followers) can copy the trading signals of high-return traders with one click and follow the traders to place orders, which is called 'copy trading'. The following is the operation guide for CoinCatch followers.
1. Introduction to trader parameters
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Parameter
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Description
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Registration days
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The number of days since the elite trader has registered.
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Followers
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The current number of users following the elite trader.
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Total assets
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The total assets in the trader's futures account.
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Return on Investment (ROI)
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ROI = PnL ÷ Principal × 100%
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Total transactions
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The number of completed opening and closing trades
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Followers (all-time)
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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, this user will still be counted as a single follower.
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Total P&L
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The total profit and loss of closed orders.
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Profitable trades
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The number of trades with positive returns (before deduction of the trading fee and funding fee).
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Losing trades
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The number of trades with negative returns (before deduction of the trading fee and funding fee).
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Win rate (3W)
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The number of orders with positive returns in the last 3 weeks divided by the total number of orders in the last 3 weeks.
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* Note: The above data is updated hourly.
2. Copy trade process
Overview: 1. Choose your elite trader(s) ➡️2. Set up a copy trading account ➡️ 3. Check the copy trade data ➡️ 4. Edit the copy trade ➡️ 5. Close the position.
1. Select a trader
(1) Enter the copy trading page to view the trader’s transaction data
(2) You can follow multiple traders at the same time
(3) If the quota of traders is full, you can click "slot reminder" to be waitlisted.
2. Copy order settings
(1) After selecting the trader you want to follow, click "Copy Trade" to enter the copy setting page.
(2) Follow the contract: Select the contract trading pair you want to follow.
(3) Copy method: Fixed amount, multiplier, or fixed quantity.
(4) Normal/Advanced settings: Default to normal settings. If you need more detailed settings (such as leverage multiples, etc.), please select advanced settings.
(5) Risk control: take profit ratio, stop loss ratio, maximum follow (USDT).
(6) Press to confirm the order, read the "Copy Trade Agreement" and click "Copy Now".
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Note: Currently, copy trading is only available in hedge mode.
3. View copy trade data
After successfully setting up copy trading, you can click on "My Copy Trades" on the copy trading page to view detailed information. Here are the details:
(1) Copy trade data:
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Parameter
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Description
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Invested Principal
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The total principal of all closed orders copied from elite traders.
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Net Profit
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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).
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(2) Current copy orders: orders that have been opened for copying but have not yet been closed.
(3) Historical copy orders: follow orders that have already been closed.
(4) My Trader: The trader you are currently following. When the trader opens a position, you will open a position simultaneously.
(5) Copying information: The remaining amount of the contract that can be followed.
4. Editing copy trades
Find the trader you have followed in the trader list or enter "My Copy Trades", select "My Trader" and click "Edit" to edit the copy settings again or cancel following the 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. Close position
Followers can close their copying positions through two locations: "My Copy Trades" or "Current Copy Trades" on the contract page:
(1) Each order followed by the user will be displayed separately in the "Current Order" on the contract page.
(2) All positions in a single direction of a user's contract will be merged into "positions".
(3) If users close positions through the position closing function, priority will be given to closing positions placed by the users themselves.
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