How to follow orders on the BIT copy trading platform
1. Log in to your BIT account and click [Assets] - [Copy Trading].
2. You can go to [Market Board] - [Trader] to find a trade, or search by name and or you can go to [Leaderboard] Click [Copy] to start copy trading.
3. Set the following parameters
Follow-up settings
Follow-up settings | definition |
Copying principal | Trading experts should transfer at least 100 USDT for their first deposit.
Please note that if your account assets are less than 50 USDT, the copying user will no longer follow you to open new positions. |
Assets at stop loss | Set your stop loss asset limit. When your assets fall below this limit, you will automatically stop following the trader.
If you have remaining positions when canceling the copy order, you can set the following operations:
Immediately close the market price
Continue to follow the trader until the position is closed |
Documentation margin settings | Follow the trading expert: Follow the trading expert's margin usage ratio.
Fixed margin: Each transaction uses a fixed margin to place an order. If the margin setting is too low, submit the order with the minimum margin required for the order.
Fixed margin ratio: Each transaction uses a fixed percentage of the remaining available account balance to place an order. |
Leverage settings | Follow the Master: Follow the leverage used by the Master.
Fixed leverage: All trades will maintain the fixed leverage multiple set, regardless of the leverage multiple used by the trader.
Custom leverage: Set independent leverage multiples for each trading pair. |
Acceptable slippage ratio for each order | According to the set slippage ratio, the maximum cannot exceed 5%. Each copying order shall not exceed the maximum slippage price set by the trading expert. If it exceeds the maximum slippage price, the copying order will fail to open. |
If the trading expert has a current position | Follow the position increase: The trading expert already holds the position of the trading pair before you follow the order. If the trading expert continues to increase the position, you will follow the transaction.
Only follow from a new position: If the trading expert already holds 2 long positions on the trading pair before you follow the order, you will not follow the position increase until the position is closed. |
Select contract | By default, you follow the trading expert, and you can choose the U-based perpetual contract trading pair you only want to follow. |
4. After setting the above parameters and agreeing to the service agreement, click [Copy]. The copying amount will be transferred from the main account to the copying sub-account.
Please note:
During the copying period, the trading expert may increase the margin. This situation will cause the risk of your position to be higher than that of the trading expert. Please pay attention to your copying projects and position status at any time.
When a trading expert holds a large number of positions or frequently adds positions, if you are using the [Fixed Margin] mode, your project may have insufficient margin balance and fail to follow orders. Please keep an eye on your project at any time. Timely adjust the copying amount or the margin amount of each order to reduce copying failure.
How to manage copy trading?
1. Click click [Assets] - [Copy Trading] to manage projects.
2. You can view the current copying and completed copying.
Current copying
[Transfer In/Transfer Out]: You can add or transfer the copying amount.
[Following Order Settings]: Adjust the margin amount for each order.
Modify more settings
[Terminate] copying: If there is currently a position, the system will immediately use the market price to close the position. After closing the position, the profit sharing amount is settled and the remaining assets are transferred back to the main account.