1.How to be a Principal Trader
We will review and respond to your application within 3 working days.
Notice: Do not follow other traders when you are applying to become a trader
(c) According to traders' risk control standards, the number of daily trading transactions per account should be less than 150 times (each opening or closing position counts as 1 transaction), referring to the number of orders placed for opening or closing positions and executed, rather than the number of executed trades recorded.
High-frequency opening and closing of positions (regardless of limit or market price); market making, API trading, simultaneous long and short positions, and other volume manipulation behaviors will be considered invalid trades and not counted toward trading volume. Self-trading, batch ult accounts trading, and matched trading will be considered cheating and result in disqualification.
2.Assets Transference
There are currently two ways:
(a)"Copy trading" ——> "My lead trading " ——> " Transfer"
3.Copy Trading Setting
(a)Copy trading home page — "My lead trading " — click"Initiate Trade" —Set the trading parameters——click"Open Long /Short"- "Confirm"
(b) Check the detailed of your position under "Open Orders"
Notice：
(1) Market order & limit order could be choose when opening positions
(2) You're not supposed to change position mode when you own a positions or an order
(3) Market Price、Index Price、Mark Price could be switched when setting stop-loss and take-profit.
4.Positions and Orders
(a) On the "My lead trading" page, you can view all existing position as shown below.
- Current Trades：represent the trader's positions, and do not include those of their followers and limit orders.
- Each newly placed order is separately displayed in "Current Trades".
-Win Rate /Join Days /Transactions/Accumulated Follower Benefits will be displayed here.
On "My lead trading" page - click "Current Trades" - ''close''the position you don't want
(a) Principal Traders can only close a position in the market price.
(b) Principal Traders can close positions separately or close all of them by one click in the "close all".
5.Shared Profits of Principal Trader
"User Center (Principal Trader)"——"Shared Profits". Check the "Profits Shared" with followers and pnl statement.
(a) Accrued Profit Shared, Actual Profit Shared: shows the shared profits from futures trading by each follower (copy trading user).
(b) Accrued unsettled profit is a dynamic value.
(c) Shared profits: The profit details are only displayed for users who contribute more than 0.
5.3 FAQ
(a)Profit Distribution Conditions
1.1 Profit - Opening fee - Closing fee = Net profit > 0;
1.2 If you have no open positions, settlement will occur at settlement time.
1.3 If there are open orders, settlement will occur after automatic cancellation of open orders.
The profit share of each follower will be settled independently to the trader.
Settlement time: 0:00 (UTC+8)
For example：
A is a principal trader , B/C/D are followers , what will happen when time reaches to 0:00 (UTC+8)
Scenario 1:
- Position statement：B still hold the positions, C closed all positons before 0:00 with profit, D partially closed their positions.
- Allocation :
At this time, C is settled and allocated at 0:00, while B and D are not settled.
Set C's profit to x，x >0；A will receive a profit share of 10%*x
Scenario 2:
- Position statement：B and C closed all positions before 0:00 with profit, D still hold their positions.
- Allocation :
At this time, B and C is settled and allocated at 0:00, while D are not settled.
Set B's profit to x,Set C's profit to y, x,y >0；A will receive a profit share of 10%(x+y).
(b) Scenarios why trader didn't receive profit:
- Net profit < 0
- Positions remained open at settlement time.
(c) Reasons why only a portion of the followers opened positions after the trader:
- Available number of followers is less than the minimum required.
- Available quota in the followers' accounts is insufficient to cover the opening fees
(d) Why the trader receives profit share from users rather than followers:
Followers' positions are established by following the trader. Even if a follower cancels their follow on the trader, if the net profit is positive at the time of closing, the trader can still receive a profit share.
(e)How to share pnl screenshot
- Click the 'Share' button and choose whether to include "Position Size" or not.
(f) Stop-loss/take-profit setting:
- On "My lead trading" page - Click "Initiate trade" - "Current Trades" - "Stop-Loss/Take-Profit".
- "market price" / "mark price" / "index price" could be set to place orders when stop-loss/take-profit is triggered
6.Checking My Following Copy Traders
7.Copy Trading Authority Management
- "Fully follow the trader's setup"：followers will 100% copy the trader's position size, leverage ratio, position mode, and take profit/stop loss settings in proportion.At the same time ,followers cannot modify the sections in settings.
-"Current Follower Hide Setting":by enabling this option, the current follower's trading pair, position direction, opening time, and opening price will be hidden from users.
-"Historical Follower Hide Setting":by enabling this option, only profitable orders will be displayed to users in historical followers.
Comments
0 comments
Please sign in to leave a comment.