# Performance indicators of BIT copy trading

You can learn more about the project's performance indicators on the tracking project details page.

Index | Describe |

Rate of return (ROI) | Yield is a ratio or percentage value that reflects the profitability or efficiency of a project. |

Profit and loss | Realized profit and loss + unrealized profit and loss |

Maximum drawdown | Within a certain period, the return retracement of the net asset value from the highest peak to the lowest trough on the asset curve. |

Winning rate | Profit closing quantity/total closing quantity*100%
Note: When the order is completed and the position is fully balanced, it is counted as a closed position. If the order is only partially closed, it will not be counted in the closing quantity. |

Profit closing quantity and total position quantity | The number of profitable closed positions and the total number of positions |

Assets under management (AUM) | The amount of the order item + the total amount of the order |

Principal balance of the order | Wallet balance + unrealized profit and loss |

Operation hours | Project creation time |

Please note that Yield and P&L are updated every 10 minutes.

## How to calculate rate of return and profit and loss?

Return on investment (ROI) is a ratio or percentage value that reflects the profitability or efficiency of a project. It refers to the calculation method of fund return rate (net asset value), which can avoid the distortion of return rate caused by changes in principal caused by deposits and withdrawals.

Yield = (Current Net Asset Value - Initial Net Asset Value) * 100%

Project Cumulative Profit and Loss = Current Assets - Initial Assets - Cumulative Recharge Amount + Cumulative Withdrawal Amount

When the project is created, the initial net asset value is 1. After depositing or withdrawing money, the system will immediately update the net asset value. In the following formula, "T" represents the time after recharge or withdrawal, and "T-1" represents the time before recharge or withdrawal.

After recharge:

T point net asset value = (T point asset - recharge amount) / (T - 1) point asset * (T - 1) point net asset value After withdrawal:

T

point net asset value = (T point asset + withdrawal amount) / (T-1) Point Assets*(T-1) Points Net Asset Value

No recharge or withdrawal has occurred:

Current net asset value = current assets/initial assets*initial net asset value

Day 1 | Day 2 | 3rd day | Day 4 | |

Total assets | 500 | 400 | 1400 | 1550 |

Project profit | 0 | -100 | +150 | |

Top up | - | - | 1000 | - |

Withdraw | - | |||

Net asset value | 1 | |||

Rate of return | 0% |

Note: There are certain limitations in the rate of return. For example, when comparing two different trades, the yield calculation formula does not take into account the cost of time.

## How to calculate Maximum Drawdown (MDD)?

The maximum drawdown (MDD) refers to the retracement range of the net asset value from the highest peak to the lowest trough within a certain period. The higher the maximum drawdown, the greater the risk.

Note: Maximum drawdown can only measure the maximum degree of loss experienced by the project, but it cannot measure the frequency of large losses experienced by the project. It cannot judge how long it will take for the project to recover from losses, nor can it indicate whether the project has currently recovered.

Maximum retracement = (M-N) / M * 100%

"M" represents the peak net asset value during the period.

"N" represents the NAV trough that occurs after the peak within the cycle.

## How to calculate winning rate?

Profit closing quantity/total closing quantity*100%

Please note:

When the order is completed and the positions are all flat, it is counted as a closed position.

If the order is only partially closed, it will not be counted in the closing quantity.

# Trader benefits for BIT copy trading

On the BIT contract platform, trading experts who follow orders can enjoy the following benefits:

10% of the profit share of the copying users; and

10% commission on the handling fees of the copying users.

VIP9 handling fee discount (order placing -0.0001%/taking order 0.0300%)

Recommended position in the order square

BIT community exposure opportunities

Account manager provides VIP 1-on-1 service for order taking members

BIT customer service team is available 24/7 Group Q&A service

Holiday gifts, BIT peripherals