1. What is BIT contract copy trading?
BIT contract copy trading is an automated trading system. You can become a trading expert and let other traders follow your projects; you can also become a follower and follow the trading experts' projects.
After specifying the copy amount, the system will automatically follow the trader you follow.
2. Does the system support taking orders and following orders at the same time?
Not supported.
3. Do copy trading and BIT contract trading share the same account?
No, the documentary account is independent of the BIT contract account, and the two do not affect each other.
4. How many contract trading pairs does copy trading support?
Currently, copy trading supports more than 100 U-standard contract trading pairs, and the trading pairs will be adjusted from time to time according to market conditions.
5. What is the difference between order trading and ordinary contract trading?
In order to provide a smooth trading experience for trading experts, the trading process, interface and tools of order trading are basically the same as ordinary contract trading.
6. What benefits can trading experts enjoy?
The trading expert can get 10% of the follower's income as a profit sharing reward, and the follower can get the remaining 90% of the income.
7. Can trading experts use API to place orders?
Currently, API order transactions are not supported.
8. How many copying projects can a follower have at the same time?
There is no limit to the number of projects that a follower can follow.
9. What are the "Following Expert Ratio" and "Fixed Margin" modes?
In the "Follow Trading Expert Ratio" mode, each order copying user follows the same margin usage ratio as the trading expert. In the "fixed margin" mode, each order is followed with a fixed amount set by the follower.
10. How does the copy slippage protection mechanism work?
Copy trading is conducted in real time. In order to prevent the follower's opening price from significantly deviating from the trader's opening price, the slippage protection mechanism sets a maximum upper limit for price slippage. Currently, the default slippage protection value is 0.5%. Users who follow orders can set the slippage protection value by themselves.
11. Why does following an order fail?
The following are common reasons for failed copying:
the available margin balance of the copying project is insufficient;
the trading expert uses a limit order/conditional order-limit price/make-only order to open a position, but the order has not been fully completed;
the copying user order is placed The order amount is less than the minimum order amount for the currency pair;
the market price deviates from the entry price of the orderer by more than 0.5% (or the slippage value set by the user who follows the order);
the market order fails to open and the transaction is still not completed after retrying.
12. Can copy trading guarantee profits?
Copy trading cannot guarantee returns and is accompanied by higher risks. Please control risks reasonably and invest prudently based on your own financial situation.
13. Why do some projects display a “High Risk” label next to them?
If the highest leverage ratio of the led order project in the past 7 days reaches or exceeds 10 times, the system will display a "high risk" label.
14. Can I use a BIT sub-account to follow or lead orders?
Trading experts have separate strategy sub-accounts for leading orders, so the sub-account does not support placing orders and following orders.
15. Can copy trading enjoy the rebate from the BIT rebate plan?
Yes, the inviter can get rebates on the transaction fees for bringing orders/following orders.