Overview:
1. Introduction to Standard Futures Copy Trading
2. How to Conduct Standard Futures Copy Trading?
3. How to View Copy Trading Details and Modify Copy Settings?
4. FAQs
1. Introduction to Standard Futures Copy Trading
BingX Standard Futures Copy Trading is under the "copy by fixed margin" mode. "Copy by fixed margin" mode means that whenever a copier copies a trader, the amount of margin that is being used each time the copier opens a position will be a fixed amount set by the copier.
Advantages: The margin is fixed, so it is easier to understand and control the risks. Also, this type of copy trading mode allows copiers to perform autonomous trading to some extent.
E.g., If the copier sets 10 USDT as the margin for a single copied trade and the trader opens long BTC/USDT, the system will open long BTC/USDT for the copier with a 10 USDT margin regardless of the margin/position ratio of the trader. And the trade will be displayed in the Position of the copier’s USDT-M Standard Futures account.
2. How to Conduct Standard Futures Copy Trading?
Step 1: Deposit or transfer funds to your Standard Futures account by clicking "My Assets" - "Futures" - "Standard Futures" (Please note that currently BingX only supports USDT for Copy Trading, so please deposit or transfer USDT).
Step 2: Go to the homepage of the trader you want to copy (How to Choose a Trader >>).
Step 3: On the trader's homepage, click "Copy Now" and you'll be directed to the Copy Settings page.
Choose your "Margin Type" and enter the "Margin" per copy order. If you have an available subsidy voucher, you can select one to use it.
If you don't need to set up any risk management settings, click "Copy Now" to start copying the trader.
Copy Trading Risk Management Settings
1. TP/SL
TP/SL allows you to preset a trigger price, and the order price and amount once triggered. Once the last price reaches the trigger price, an order will be executed at the market price.
Copiers can set the TP/SL ratio for their copy orders
If you choose not to set your own TP/SL, your copied positions will only be closed when the trader you're copying closes his/her positions (including the trader's positions that are being closed due to triggered TP/SL).
2. Daily Copy Amount
The Daily Copy Amount refers to the sum of all copy trading margin placed in a day for copying a specific trader (Calculated based on the UTC+8 time zone).
Copiers can set the maximum cumulative copy trading amount for a single day. Once the daily copy amount for copying a specific trader reaches the set value, copy trades will no longer be opened until the next day.
3. Max. Copy Amount
Max. Copy Amount refers to the sum of all current position margins from copying a specific trader.
Copiers can set the maximum cumulative copy trading amount for copying a specific trader. Once the maximum copy amount for copying the specific trader has been reached, no more trades will be copied until some open trades are closed.
3. How to View Copy Trading Details and Modify Copy Settings?
Go to the Copy Trading homepage and click on "My Trades".
- You can view your copy trading earnings, as well as details of all current copy orders and trade history.
In the "Current Orders" section, click on the arrow button to the right of a trader's icon to view or modify the corresponding copying settings.
- You can view details of a specific copy relationship, such as copy trading earnings, current positions, and trade history.
- You can modify copying settings, add/reduce copy trading funds, edit TP/SL, and cancel copying a trader.
4. FAQs
Why is the actual margin used to open orders lower than the set margin?
In Standard Futures Copy Trading, if an order placed by the trader triggers the copy trading position limit, the system will reduce the copy trading margin of that order for all copiers. This is to ensure that copiers can still copy that order within the position limit after margin reduction.
Why do the account funds remain unchanged after copying a trader?
In Standard Futures Copy Trading, there is no requirement to lock the copy trading investment amount after setting up a copy trading relationship. The funds will only be collected from copiers' Standard Futures account when the trader opens positions.
How are copy trading earnings settled?
In Standard Futures Copy Trading, copy trading earnings are settled after each copy trade is closed. All copy trading earnings will be credited to the copiers' Standard Futures account.
Why is a trader's ROI positive while a copier's copy trading earnings are negative?
If a trader's ROI is too low, it may result in negative copy trading earnings for copiers after deducting trading fees and funding fees.
Example: If a trader has an ROI of 0.01%, and his/her copier's copy trading earnings are 0.1 USDT. Assuming that the trading fee and funding fee amount to 0.2 USDT, hence the trader's ROI remains positive, but the copier's copy trading earnings will be -0.1 USDT.
What is the exact defintion of "Today's Earnings" in "My Trades"?
The "Today's Earnings" displayed in "My Trades" - "Overview" represents the cumulative profits or losses of all copied trades on that day. If you click on the arrow button to the right of a trader's icon, you will be able to see "Today's Earnings" from copying that trader on the "Copy Trading Details" page.
Today's Earnings include unrealized PnL (excludes payout from the Copy Trading Subsidy Voucher), which changes as the PnL of the positions fluctuates. It shows the net profit after deducting trading fees, funding fees, and the trader's profit share.Example: If a copier copies Trader A and gains a realized net profit of 100 USDT (Order 1), and subsequently loses 10 USDT (Order 2). While copying Trader B, he has a loss of 20 USDT (Order 3) and has another realized net profit of 30 USDT (Order 4). All copy orders are closed on the same day. Therefore, Today's Earnings is 100-10-20+30=100 USDT.
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2023-10-07
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