Copy trading

Bitget Copy Trading: About Smart Copy

2023-12-12 03:38104739

1. Why does Bitget offer smart copy?

Bitget Futures Copy Trading provides a user-friendly, simple, and transparent experience for both elite traders and followers, maximizes profits, and facilitates mutual success. Users do not have to open or close positions themselves but instead, get to follow an elite trader's trades automatically and earn profits from their trades.

Bitget is pleased to announce the launch of the smart copy feature to facilitate copy trading and improve the user experience! Followers now have two copy trading options: diverse follow and smart copy. All followers can choose the preferred mode based on their own risk preference and investment strategy.

2. What is smart copy?

Smart copy is a new copy trading mode to automate copy trading cost calculation based on a certain proportion to elite traders' funds.

With smart copy, followers' investment amount and risk for every copy trade will be aligned with elite traders' investment amount and risk. Followers can calculate each elite trader's risk control level and confidence based on the percentage.

For instance, if an elite trader has 1000 USDT in their elite trading account and invests 100 USDT as margin in one trade, the percentage is 10%. If a follower invests 100 USDT for this elite trader, the system will invest 10 USDT as margin when the follower makes a copy trade.

Unlike diverse follow, smart copy only needs two steps to follow elite traders and make profits. After selecting an elite trader, enter the investment amount (at least 50 USDT) and use the Copy button to complete the copy trading configuration. The new mode will make future copy trading more accessible. For new users without knowledge of copy trading parameters, smart copy makes earning profits a breeze.

3. What are the benefits of smart copy?

a. Make worry-free investments and copy trades without configuring complex parameters.

b. Precise copy trading. If an elite trader invests 10% of their funds in a trade, followers will also invest 10%. Followers don't need to waste any time configuring copy trading parameters.

c. Followers can determine elite traders' confidence in specific trades through the percentage. For instance, if an elite trader invests only 1% into one trade, then the elite trader might have low confidence in making profits through that trade. In such cases, followers will also invest 1% in the copy trade to mitigate risk. This mode scales with the percentage. For instance, if an elite trader invests 50% of their funds, they must be very confident in the trade, so the follower will copy for the same amount.

d. Under smart copy mode, changes in the investment amount will only affect the settings for a single elite trader. Followers can decide the amount for every elite trader themselves.

4. How to use smart copy?

a. Choose an elite trader you want to follow, then use Copy to enter the copy trade page.

b. Select smart copy.

c. Required: Investment amount (USDT) — The configured investment amount only applies to the elite trader you are following. You can also make transfers from your futures account or make purchases directly.

d. Risk management: Take-profit ratio, stop-loss ratio, maximum copy (USDT), and slippage.

e. Use the Next button to proceed.

5. Notes

a. Followers can follow up to 50 elite traders under smart copy. Choose diverse follow if you want to follow more elite traders.

b. For smart copy, only the investment amount field is required.

c. For smart copy, followers will default to using the margin mode and cross/isolated mode of elite traders.

d. For smart copy, changes in the investment amount will only affect the settings for a single elite trader. The minimum smart copy amount is 50 USDT.

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