[Web]Beginner's Guide for Copy Trading Followers
- Copy Trading Guides
HTX Copy Trading offers a simple and transparent way for users to copy excellent strategies. Novice traders can choose a suitable strategy from veteran traders, building a mutually beneficial relationship. Click to copy trades
By copy trading, you synchronize your trades with those of copied traders to obtain higher yields, while the copied traders will earn a share of your profits.
How to Start Copy Trading on HTX (for followers)
This guide to futures copy trading will help you kickstart your copy trading journey on HTX.
On HTX's website
Step 1: Click Derivatives > Copy Trading in the upper navigation bar to enter the Copy Trading page.
Step 2: You can view traders' information, such as the leaderboard, PnL (%), total PnL, and followers' PnL. Moreover, you can click Become a Trader to apply to be a copied trader.
Step 3: Choose the trader you want to follow and complete your copy trading settings.
After selecting a trader, click Follow at the upper right corner of the trader's card to enter the setup page. First, deposit/transfer at least 20 USDT as margin to your copy trading account. Then, set the margin limit, take profit ratio, stop loss ratio, and trading pairs based on your investment expectations. Finally, click Confirm to complete your copy trading settings.
Step 4: View and edit your copy trading. On the My Copy Trading page, you can check your current copied trades and history trades. Also, you can change your copied trades by clicking Edit at the upper right corner of the trader's card.
Step 5: Once completed, the settings will take effect after the trader places a new order. You can view your PnL on the above-mentioned page.
Step 6: Set your nickname and trading preference. On the My Copy Trading page, click Settings to change your nickname, fixed margin, and margin limit.
[How to pick the right trader?]
1. On the Copy Trading homepage, you can click a trader to view Trader Details.
Trader Details include:
Info |
Explanation |
Total PnL |
The total PnL of the trader's account for copy trading, netting funding fees and commissions |
Followers' Total PnL |
The total PnL earned by all followers who copied the trader |
Win Rate |
The ratio of win trades to total trades in the trader's history |
Current Profit-Sharing |
The percentage of profits in a copied trade to be distributed to the trader |
Avg. Profit |
The average profit of all profitable copied trades |
Avg. Loss |
The average loss of all losing copied trades |
PnL Ratio |
The ratio of average profit to average loss |
Avg Holding Time |
The average time the trader takes from opening to closing trades |
Trade Frequency |
The average number of trades the trader has opened in a week since they were followed |
Preferred Pairs |
The trading pair opened most frequently in the trader's history trades |
Based on the above information, you can assess a trader's trading style and PnL details to decide on a trader you prefer. For more trader details, please visit the Copy Trading homepage.
[Explanation to copy trading settings]
Settings |
Explanation |
Fixed Margin |
|
Available Funds |
The available funds in your copy trading account |
Deposit |
You can deposit funds to your copy trading account through on-chain transfers |
Transfer |
You can transfer funds to your copy trading account from your USDT-M futures account with zero fees |
Margin Limit |
The maximum margin occupied for your copy-trading positions. Once the limit is reached, the orders that open a position will not be copied, but the orders that close a position will be copied. If this field is left blank, a default maximum limit will be used. |
Take Profit Ratio |
Your copied trades will be automatically closed when their profit percentage exceed the preset ratio. The take profit ratio ranges from 0% to 200%. For example, if you set a take profit ratio of 50%, the system will automatically close a copied trade when its profit exceeds its amount by 50%. |
Stop Loss Ratio |
Your copied trades will be automatically closed when their loss percentage exceed the preset ratio. The stop loss ratio ranges from 0% to 200%. For example, if you set a stop loss ratio of 20%, the system will automatically close a copied trade when its loss exceeds its amount by 20%. |
Choose a Trading Pair |
You can copy all pairs or customized pairs from the trader. When choosing customized pairs, you can select from the trader's opening pairs (multiple selections allowed). |
Current Copy Trades |
To see the information on your currently copied positions |
History |
To check your previously copied trades |
Copy Trading PnL |
To view your previous copy-trading profits |
My Trader |
To check the traders you are following and followed previously |
❤️️Reminder:
1. We kindly remind you to set up suitable take-profit and stop-loss ratios to reduce the volatility of your assets.
2. It's important to set up a reasonable fixed margin and position limit to properly manage your entry cost.
3. You can only follow one copied trader at a time. You will need to unfollow the current trader before following another.