1. Futures Assets for Copy Trading
While following a trader in copy trading, a copier can choose a specific futures asset applicable for the copy trading. After the settings are done, the copy trading will only work on the selected futures. When the trader initiates trading for unselected futures, the system will not execute copy trading.
For example, let’s say you have chosen to copy BTCUSDT trades, when the trader initiates a trade of BTCUSDT, the system will execute copy trading as required by your copy trading settings. When the trader initiates a trading order of ETHUSDT, the system will not execute copy trading.
Notes: The follower can choose multiple futures assets concurrently to conduct copy trading. Whether the system can successfully execute the copy trading depends on other copy trading settings.
2. Copy Trading Modes
The copy trading products offered by FUTX have adopted a separate mode, which means that each position copied will be displayed as an independent position. Thus, there will be no merger between different positions. The follower is allowed to hold multiple long or short positions simultaneously.
For instance, when you conduct copy trading with BTCUSDT and ETHUSDT, based on the premise of meeting the requirements for the futures margin, you can hold multiple separate long positions of BTCUSDT and ETHUSDT, in addition to multiple separate short positions of BTCUSDT and ETHUSDT, and these positions will remain independent.
3. Copy Trading Funds
The copy trading fund refers to the margin amount set for a single copied order, which ranges from 20 to 5,000 USDT. After the copy trading fund has been set, the amount of a single copy trading order = copy trading fund * leverage, when the follower follows the trader to place an order.
For example, if you have set the copy trading fund to 30 USDT, and the leverage of the current copied BTCUSDT position is 100X, when you follow the trader to place an order, the amount of a single copied order of BTCUSDT will be: 30 USDT * 100 = 3,000 USDT.
Notes: When the follower opens a position for copy trading, it should be noted that the available amount of funds in the futures account should be either greater than or equal to the margin of a single copy trading order. Otherwise, the copy trading order will be unsuccessful.
4. Take-profit and Stop-loss Settings
The follower can set TP/SL for copied trades, which ranges from 10% to 400%; however, this function only works on the copied trader by default. That is to say, if the follower has selected a trader to follow, and set TP/SL for the copy trading, whenever the follower copies the trader to place orders, the system will add the aforementioned TP/SL for each copy trading order by default. If multiple copy trading traders have been selected; the follower can also set a variety of TP/SL for different traders.
In the meantime, copy trading also allows the follower to add different TP/SL settings for each copied position.
Several examples of specific scenarios are provided:
Scenario 1 -- TP/SL Settings for Traders
Let’s assume you choose to follow Trader A and set TP/SL to 40%. After this, whenever you follow Trader A to place an order, the system will add a 40% TP/SL for each copied trade by default. Likewise, when you follow Trader B to place an order, the system will execute the specific TP/SL you set for Trader B by default.
Scenario 2 -- Separate TP/SL for Each Copied Order
Let's say you follow Trader A without setting TP/SL for the copy trading orders. Going forward, there will be no TP/SL for each copied order by default when you follow Trader A to place an order. At this point, the system will allow you to set an independent TP/SL for each copied order.
Scenario 3 -- Modification of TP/SL for Each Copied Order under the Premise of Default TP/SL
If you have chosen to follow Trader A and set TP/SL to 40%. Following this, whenever you follow Trader A to place an order, the system will add a 40% TP/SL for each copy trading order by default. Following these assumptions, the system enables users to separately modify the TP/SL for each copied order. For example, users can change the TP/SL for one of the copied positions to 30%.
