Introduction

Welcome to Bitunix's Copy Trading Service! In this rapidly changing market, copy trading offers users a simple and effective way to invest. By automatically copying the strategies of successful traders, you can reduce the complexity of market analysis while benefiting from more experienced traders.

This tutorial aims to help you better understand the fundamental concepts and operational processes of copy trading. We will address common questions such as how to start copy trading, how profits are calculated, and strategies for risk management. Additionally, you will find key calculation formulas to make informed decisions in your trading.

Whether you are a beginner in copy trading or an experienced investor, we hope this tutorial provides valuable guidance to help you trade more effectively on the Bitunix platform. If you have any questions, feel free to contact our customer service team, and we will be happy to assist you.

 

Frequently Asked Questions

About Copy Trading Accounts

Q1: What is a Copy Trading account?

A1: A Copy Trading account is an account created by users on the Bitunix platform to share trading strategies and signals for other users to copy.

 

Q2: How many Copy Trading accounts can I create?

A2: Each user can create up to 10 Copy Trading accounts to share different trading strategies.

 

Q3: Are there any restrictions when creating a Copy Trading account?

A3: When creating a Copy Trading account, the username cannot contain offensive language or profanity, and it must not duplicate the names of other users' Copy Trading accounts.

 

Q4: What are the requirements for the personal description of a Copy Trading account?

A4: The personal description should reflect your personality but must not include any offensive language or profanity.

 

Q5: How can I switch my Copy Trading accounts?

A5: Users can freely switch between their created Copy Trading accounts on the Copy Trading page to choose different trading strategies.

 

Q6: How is the performance of a trader evaluated?

A6: The performance of a trader is typically evaluated based on data such as profit and loss, return on investment, win rate, and the scale of trades in historical records.

 

Q7: What should I do if my Copy Trading account has no followers?

A7: If your Copy Trading account has no followers, you can actively publish trading signals to attract other users to copy your trades.

 

About Avatars and Investment Limits

Q8: Can the trader's avatar be customized?

A8: Custom avatars are not supported; traders can only select from the range provided by the system.

 

Q9: What are the investment limits for copy traders?

A9: The system will set upper and lower limits for copy traders' investments, and traders can establish a minimum investment amount:

• Fixed Amount Mode: Lower limit defaults to 10, upper limit defaults to 1000.
• Proportion Mode: Lower limit defaults to 100, upper limit defaults to 100000.

 

About Profit Sharing and Copy Trader Limitations

Q10: How is the profit-sharing ratio for the copy trading module determined?

A10: The current system limits the upper limit of the profit-sharing ratio to 10%, and future updates will support tiered settings based on trader levels.

 

Q11: What is the maximum number of copy traders for each trader?

A11: The current system configuration allows a maximum of 100 copy traders, with future support for configuration based on trader levels.

 

About My Copy Trading Module

Q12: What information does the "My Copy Trading" module provide?

A12: The "My Copy Trading" module displays information about ongoing and completed copy trades, including the copy amount, margin balance, and realized profit and loss.

 

Q13: How many ongoing copy trades can I view?

A13: Users can view all current ongoing copy trades in the "My Copy Trading" module, with no specific limit on the number, but the total number of Copy Trading accounts cannot exceed 10.

 

Q14: How can I view the details of my copy trades?

A14: You can click on the details of each ongoing copy trade to see the trading positions of the trader you are following and the profit situation of each position.

 

Q15: How can I view completed copy trades in my copy trading module?

A15: You can switch to the completed copy trades section in the "My Copy Trading" module to view all previous copy trade records.

 

About the Trader List

Q16: How is the trader list sorted?

A16: The trader list is sorted from best to worst based on profit and loss, return on investment, win rate, and the scale of trades, allowing users to select suitable traders to follow.

 

Q17: Can I search for a specific trader in the trader list?

A17: Yes, you can use the search function in the trader list to find your preferred trader.

 

Q18: What can I do if I'm not satisfied with the current copy trading results?

A18: If you are not satisfied with the current copy trading results, you can choose to stop following the trader or switch to another trader.

 

About Traders Cancelling Copy Trading

Q19: What happens when a trader decides to stop copy trading?

A19: When a trader closes all copy trading positions and cancels their copy trading account, the system will disable their sub-account, and their information will no longer be displayed in the copy trading area. Additionally, all followers’ copy trades will be canceled.

 

About Copy Trading and Trader Accounts

Q20: How is each copy trading account managed?

A20: Each user's copy trading account acts as a sub-account, isolated from regular contract trading. Positions on the regular contract page will not affect the positions on the copy trading page, and users can hold the same positions on the same trading pair.

 

Q21: How are the permissions for sub-accounts in the copy trading and trader modules set?

A21: The trading permissions, VIP rates, and KYC levels for sub-accounts in the copy trading and trader modules are the same as those of the main account.

 

Q22: What are the limitations for sub-accounts in the copy trading and trader modules?

A22: Sub-accounts in the copy trading/trader modules cannot receive rewards, cannot be activated, and cannot use experience funds.

 

About Copy Trading Mode and Positions

Q23: How does the copy trading mode work?

A23: Our copy trading mode operates at the position level. For example, if the trader already has a position before the follower joins, any additional buying or selling of that position will not affect the current follower, and no new positions will be opened by the follower as a result.

 

Q24: How is the price range calculated when a follower opens or increases a position?

A24:

• For Long Positions: Limit Price = Trader's Execution Price * (1 + Slippage Range).
• For Short Positions: Limit Price = Trader's Execution Price * (1 - Slippage Range).

 

Q25: What are the order types for closing and reducing positions?

A25: Both closing and reducing positions are market orders.

 

About Profit Sharing Settlement Module

Q26: When is the profit sharing settlement time?

A26: Profit sharing is settled every Monday for the cumulative profit from closed positions of the previous week.

 

Q27: How is the profit sharing amount calculated?

A27:

• Cumulative Profit Sharing: This refers to the accumulated amount of profit sharing that has been settled to the trader.
• Pending Profit Sharing Amount: The calculation formula is: Pending Profit Sharing Amount = Max[Cycle Realized Profit * Profit Sharing Ratio, 0].

 

Q28: Under what circumstances will abnormal profit sharing scenarios occur?

A28: Abnormal profit sharing scenarios include:

1. Profit sharing deduction amount > Maximum Withdrawable: In this case, the deduction will lead to forced liquidation, and the profit sharing settlement will be skipped, postponed to the next cycle, and will be calculated together with the next cycle's cumulative profit and loss.
2. Forced liquidation position profit and loss < 0: In this case, the profit and loss will be recorded as 0, and no profit sharing will occur.

 

About Calculation Formulas

Q29: How is ROI (Return on Investment) calculated?

A29:

• Cumulative ROI = Total Return / max(Current Copy Trading Amount, Cumulative Net Deposits).

• Total Return = Current Copy Trading Account Equity - Cumulative Net Deposits, where Cumulative Net Deposits is the total over the entire copy trading career. This cumulative ROI is used in the follower list, labeled as: Cumulative Return Rate.

• Periodic ROI = Period Profit / max(Initial Equity, (Initial Equity + Period Net Deposits)).

• The period can be selected as 7 days, 30 days, 90 days, etc.

 

Q30: How is Maximum Drawdown (MDD) calculated?

A30: Maximum Drawdown MDD = (Maximum ROI during the period - End Period ROI) / (Maximum ROI during the period - Initial ROI + 1).

The Maximum ROI is the highest return from the start time to now, and the Initial ROI can be set to 0 on the day copy trading starts.

 

Q31: How is Profit and Loss (PNL) calculated?

A31:

• Cumulative PNL = Account Equity - Cumulative Net Deposits.
• Period PNL = End Period Account Equity - Initial Period Account Equity - Period Net Deposits.

Q32: How is the win rate calculated?

A32: Win Rate = Number of Winning Positions Fully Closed during the Period / Total Number of Positions Fully Closed during the Period * 100%.

 

Q33: How is Assets Under Management (AUM) calculated?

A33: Assets Under Management AUM = Actual Investment Amount of the Trader + Actual Investment Amount of the Followers.

 

Q34: How is the actual investment amount for the trader and followers calculated?

A34:

• Actual Investment Amount of the Trader = min(max(Copy Trading Amount, Net Deposits), Account Equity).
• Actual Investment Amount of the Followers = min(max(Copy Trading Amount, Net Deposits), Account Equity).