I. Copy Trading Setup Instructions
1. Copy Trading Methods:
• You can choose to copy trades with a fixed amount or according to the trader's position ratio.
• Fixed Margin: Each time the trader places an order, you will copy the trade with a pre-set fixed margin.
• Fixed Ratio: Each time the trader places an order, you will follow the trader's trading direction according to a fixed ratio. Copy trade quantity = Trader's open position quantity * Fixed ratio.
2. Copy Trading Contracts:
• Set the trading pairs to copy (e.g., BTC/USDT, ETH/USDT, etc.). You can choose to copy all trading pairs or only specific trading pairs.
3. Copy Trading Leverage:
• You can set a fixed leverage ratio or choose to follow the trader's leverage settings.
4. Take Profit and Stop Loss Settings: The copy trader can set their own take profit and stop loss for their position. After setting, the position will not be affected by the trader's take profit, stop loss, or manual closing operations. The system will close the position according to your preset rules. II. Common Reasons for Copy Trading Failure
1. Trader Has Not Opened a Position:
Copy trading requires synchronization when the trader opens a position. If the trader has not opened a position, copy trading cannot be executed.
2. Insufficient Balance:
If your account balance is insufficient to meet the copy trading requirements, the system will indicate that copy trading has failed.
3. Exceeding/Below Opening Position Settings:
If the copy trading amount exceeds the maximum position size for this contract, the system will prevent further copy trading. If the copy trading quantity is less than the minimum opening position size for this contract, the system will prevent further copy trading.
III. Opening and Closing Rules
1. Opening a Position:
Copy trading is executed simultaneously with the trader opening a position. The system will adjust the copy trading amount and leverage based on the trader's position and the parameters you set.
2. Closing a Position:
• Automatic Closing: When the take-profit or stop-loss trigger price is reached, the system will automatically close the position at the market price.
• Manual Closing: You can also go to the "Current Copy Trading" page at any time to manually close a specified position.
IV. Cancellation of Copy Trading Instructions
1. Cancel Copy Trading:
• Go to "Copy Trading Homepage → My Traders", select the trader, and click "Cancel Copy".
• After canceling copy trading, you will no longer participate in that trader's future trades.
2. Handling of Copyed Orders:
• Follow Trader Closing: Copyed positions will continue to be closed following the trader's instructions.
• Manual Closing: You can also choose to manually close copied orders.
Important Notes
• Copy Trading Risk Warning:
Perpetual contract trading involves high leverage and carries significant market risk, potentially resulting in partial or total loss of funds. Please ensure you fully understand the associated risks and carefully select your copy trading partners.
• Platform Disclaimer:
A trader's past performance is not a guarantee of future returns. Bittam recommends that you closely monitor account changes and manage risk appropriately.
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