[Web]Beginner's Guide for Copy Trading Followers
- New Guidance
Huobi Copy Trading offers a simple and transparent way for users to copy excellent strategies. Both novice and veteran traders can win from this copy-trading relationship.
By copy trading, followers synchronize their trades with those of copied traders to obtain the same yields, while the copied traders will earn a share of the followers' profits.
How to Start Copy Trading on Huobi (for followers)
This guide to futures copy trading will help you kickstart your copy trading journey on Huobi.
On Huobi's website
Step 1: Click Derivatives > Copy Trading in the upper navigation bar to enter the Copy Trading page.
Step 2: You can filter the traders based on the leaderboard, ROI, total profits, and followers' PnL. Moreover, you can click Become a Trader to apply to be a copied trader.
Step 3: Click traders' avatars to view their trading details.
The trading details are disclosed for your reference: the number of followers, total PnL (USDT), win rate, followers' total PnL, win trades, lose trades, trading details, current orders, history, followers, etc.
Step 4:
① On the Copy Trading page, select your favorite trader and click on Follow.
② Set up copy-trading parameters: fixed margin, position limit, take profit ratio, and stop loss ratio.
③ Transfer USDT assets from your USDT-M Futures account to your Copy Trading account. Tick "I have read and agree to the Copy Trading User Agreement" and click Follow. On the pop-out window, click Follow to confirm the copy-trading relationship.
Fixed margin: The margin of every copy trading order in a range of 20-400.
Position Limit: Position Limit refers to the maximum position size (principals) allowed 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.
We kindly remind you to set up suitable take-profit and stop-loss ratios to reduce the volatility of your assets.
It's also important to set up a reasonable fixed margin and position limit to properly manage your entry cost.
You can only follow one copied trader at a time. You will need to unfollow the current trader before following another.
Step 5: Click My Copy Trading or View Copied Trades on the Copy Trading page to view your copy-trading details.
Click Settings to set up or edit your nickname and copy-trading parameters.
Click Copied Trades to see the information on your currently copied positions.
Click History to check your previously copied trades.
Click My Trader to check the information about the trader you are following now and the traders you previously followed.
Step 6: Congratulations! You have successfully followed a trader. When the copied trader opens or closes a position, so do you.
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Huobi reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.
