LBank offers copy traders a variety of Futures copy trading modes. The current LBank copy trading parameters are divided into five modules: single investment, maximum follow, risk control, advanced settings for individual copy trading futures, and more settings. Below is an introduction to these settings.
I. Single investment (Necessary)
LBank allows users to decide on a single investment, including fixed margin, fixed quantity, proportional amount, and smart ratio. The default value is fixed margin mode, and the following are instructions for each type of copying method.
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Fixed margin
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Proportional amount
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Smart Ratio
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Fixed quantity
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Selecting the fixed quantity copy trading method means the input data represents the order quantity for each copy trade.
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Note: This mode needs to be set for each trading pair individually and cannot be set in batches.
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For instance, if you set the quantity to 5 for BTCUSDT, and the lead trader places an order of 0.1 BTC, you will automatically follow with an order of 5 BTC.
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II. Maximum Follow (Necessary)
Copy traders can set a maximum follow margin amount. Once the set limit is reached, the system will stop following the lead trader's orders. The values can be set to apply to all trading pairs or each trading pair.
1. Cumulative amount
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This amount represents the maximum follow margin used for opening positions for all trading pairs. Once the cumulative margin reaches this limit, the system will stop following new orders until the current follow orders are closed and the used margin falls below this value.
2. Per Futures
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This amount represents the maximum follow margin used for each trading pair. Once the margin for a single trading pair reaches this limit, the system will stop following new orders for that pair but will continue for other pairs until the margin falls below this value.
III. Risk control (optional)
LBank provides a risk control section, used to mitigate your copy trading risk.
1. Single stop loss
A. The system will automatically close the order if the loss of your copy trade exceeds this ratio.
B. The ratio you set will apply to all orders under the lead trader you follow.
C. For instance, if you set a 10% stop-loss ratio, the system will automatically close the order at the market price when the stop-loss ratio is exceeded. If the lead trader you follow closes the order before your stop-loss ratio is triggered, you will follow the lead trader in closing the order instead of waiting to trigger the stop-loss ratio.
2. Single take profit
A. Functions the same as the stop-loss ratio. The system will automatically close the order if the profit of your copy trade exceeds the ratio.
B. The ratio you set will apply to all orders under the lead trader you follow.
C. For instance, if you set a 10% take-profit ratio, the system will automatically close the order at the market price when the take-profit ratio is exceeded. If the lead trader you follow closes the order before your take-profit ratio is triggered, you will follow the lead trader in closing the order instead of waiting to trigger the take-profit ratio.
IV. Advanced settings and leverage adjustments for individual copy trading futures(optional)
The above settings are general for all trading pairs. In the copy trading futures settings module, you can select copy trading futures, set parameters, and adjust leverage for individual contract trading pairs.
1. Select copy trading futures
Default: Follow all trading pairs of the lead trader.
Check the current copy trading module for supported copy trading pairs.
2. Advanced settings for individual copy trading futures
You can set single investment method, maximum follow, and risk control for each trading pair.
The settings for individual trading pairs take precedence over the general settings and will be applied first when copying trades.
3. Adjust leverage
There are three leverage modes. The descriptions are as follows:
A. Follow Lead Trader's Leverage
- You will copy the leverage used by the lead trader when opening positions. If the balance is insufficient, the copy will fail.
- Example: If the lead trader uses 10x leverage for position A and 20x for position B, you will copy with 10x for A and 20x for B.
B. Use Specified Leverage
- You will follow the specified leverage set below when the lead trader opens positions. If the balance is insufficient, the copy will fail.
- Example: If you set 5x leverage for BTCUSDT, you will follow with 5x regardless of the lead trader's leverage.
C. By Position Leverage
- You will copy the leverage set for your own futures, independent of the lead trader's leverage.
- Example: If your BTCUSDT leverage is set to 10x, you will follow with 10x regardless of the lead trader's leverage.
- When the current system position leverage is not set, the default leverage is relatively large. When choosing to use position leverage, please check the set value of your current futures leverage.
V. More settings (optional)
Lead trader liquidation settings
When the lead trader's position is forcefully liquidated, you can choose whether to follow lead traders to close the position. Follow position liquidation (Follow lead traders to close) is the default option.
A. Follow position liquidation (Follow lead traders to close)
When the Lead trader's position is liquidated, your corresponding copy trading position will also be liquidated at the market price.
B. Do not follow position liquidation (Do not follow lead traders to close)
Please choose carefully! If enabled, when the lead trader's position is liquidated, your corresponding copy trading position will not be liquidated at the market price. You will need to take over the position yourself in 'Copy trades.' The system will send you push notifications, and you can choose to adjust your margin to reduce liquidation risks or close the position.
VI. Copy Trading Tips
To achieve higher returns with copy trading, it's important to align your settings with the lead trader. Pay special attention to the following aspects:
1. Single Investment and Maximum Follow Amount: These settings are closely related:
For fixed margin copy traders, ensure that the maximum follow amount/single order investment > the lead trader's position amount. Check the lead trader's profile or communicate with them if you're unsure.
Proportional amount) copy traders, ensure that the maximum follow amount/single investment equals the lead trader's total equity. This alignment allows you to better follow the lead trader's strategy, seize market opportunities, and make your overall returns more consistent with the lead trader's.
2. Contract Trading Pairs: It's recommended to match the lead trader's selected trading pairs.
3. Leverage: Avoid using leverage greater than 20x or follow the lead trader's leverage settings.
4. Risk Control, Advanced Settings for Contract Trading Futures, and Lead Trader Liquidation
5. Setting: If you don't have specific needs, it's advisable to keep the default settings.
LBank Community
For any assistance, please contact us at our official email service@lbank.com. We are dedicated to providing quality, professional and prompt support.
Disclaimer: Digital assets are subject to high market risks and price volatility. The value of your investments may fluctuate, and could even lead to a loss of principal. You are solely responsible for your investment decisions, and LBank is not liable for any losses you may incur. You should invest only in products you are familiar with and understand the risks involved. You should carefully consider your investment experience, financial status, investment objectives, and risk tolerance, and consult an independent financial advisor before any investment. Past performance is not a reliable indicator of future performance. Content on the LBank platform does not include advice or recommendations, and should not be construed as financial advice.
LBank reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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