In the field of cryptocurrency, copy trading is a very popular trading strategy that allows investors to replicate the actions of successful traders in order to achieve similar investment returns. Nowadays, many trading platforms offer copy trading functionality to meet the needs of users.
As the trading platform with the most comprehensive copy trading features and the most complete copy trading ecosystem in the current market, OKX announced a major upgrade to its copy trading functionality on March 4th, aiming to provide users with a more intelligent trading experience. The core of this upgrade is the introduction of a brand new intelligent copy trading mode, which allows users to easily implement copy trading.
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Overview of the Core Features and Advantages of Intelligent Copy Trading Mode
How to Use Intelligent Copy Trading Mode?
Rooted in the Essence of Trading, Establishing a Complete Copy Trading Ecosystem
Intelligent copy trading is a more efficient and convenient new mode of OKX’s contract copy trading product upgrade. As is known to all, the contract copy trading function of OKX mainly provides the most user-friendly, simple, and transparent user experience for contract traders and copy traders, maximizing the profitability and win-win situation for both contract traders and copy traders. Users will be able to directly follow professional traders in contract trading without the need for manual opening and closing of positions or monitoring the market.
The introduction of the intelligent copy trading mode is aimed at lowering the threshold for users to use contract copy trading. Specifically, the intelligent copy trading mode is a new copy trading mode that automatically calculates the investment amount based on the proportion of funds used by the trader and sets the order parameters. When following the trader’s position, the platform will calculate the order amount for the copy trader based on the proportion of the trader’s margin and account equity and replicate the trader’s order parameters.
For example, if a trader’s account equity is 10,000 USDT and they invest 1,000 USDT with 5x leverage in a long position in perpetual BTCUSDT, the investment ratio is 10%. If the copy trader’s investment amount is 1,000 USDT, the platform will automatically invest 1000 USDT × 10% = 100 USDT as the copy trading position cost for the copy trader in the long position in perpetual BTCUSDT with 5x leverage.
Currently, intelligent copy trading supports setting the investment amount for one-click copy trading. Users do not need to set complex parameters and can rely on the trader to manage position risks and profits, making it easy and efficient to achieve copy trading profits. This mode is simpler than the previous custom copy trading mode, requiring only two steps to start the journey of making money. After selecting a desired professional trader, investors only need to set the investment amount (minimum 100 USDT) and click the “Copy Now” button to complete the copy trading setup. This innovative design significantly reduces the threshold for contract copy trading. Even beginners who know nothing about copy trading parameters can easily achieve one-click copy trading and stable profits.
In summary, the main advantages of intelligent copy trading are as follows:
One-click copy trading: Users only need to enter the investment amount to achieve copy trading with just one click, without the need to set other complex parameters, truly achieving convenient and efficient copy trading.
Intelligent investment, simultaneous risk control: The copy trader automatically places orders in proportion to the funds invested by the trader, ensuring that both parties have consistent leverage and margin models, allowing the trader to better assist the copy trader in risk control and profit management.
Position isolation: Manual trading and copy trading positions are isolated, reducing the impact of copy trading on manual trading.
Fund isolation: Dedicated funds, reducing the excessive leverage risk that may arise from following multiple traders with the same funds.
Not only that, the copy trading user center of the OKX platform has also been completely upgraded, adding copy trading details and income details sections, providing users with more intuitive display of trading data and income structure. Users can easily view detailed trading data for each copy followed by different traders and also have a clear understanding of their income composition. This upgrade aims to enhance user experience and make it more convenient for users to manage and analyze their trading data.
The related product manager of OKX added.
After explaining the core features and advantages of OKX’s intelligent copy trading mode, let’s focus on how to establish an intelligent copy trading mode as a user. Here is a simple guide for reference:
Step 1: Browse or search for the traders of interest, click the “Copy Now” button on the trader’s profile page to enter the copy trading setup.
Step 2: Choose the copy trading mode: Intelligent Copy Trading.
Step 3: Set the copy trading parameters.
Investment amount (USDT) (required): The total investment amount specifically used to follow the trader (minimum 100 USDT), which will be isolated and reserved in the trading account.
Copy position immediately after copying: When enabled, if the trader currently holds a position, it will be immediately copied at the market price according to the fund ratio. When disabled, the trader’s current position will not be copied, and copying will wait for the next order by the trader. At this time, you can check the trader’s profile page to evaluate whether to enable the copy position immediately after copying.
Copy stop loss: The maximum acceptable loss amount for copying the current trader. When the set stop loss amount is reached, the system will automatically stop copying and handle the remaining positions according to your settings.
Step 4: Click the “Copy Now” button and confirm that the copy trading information is correct to successfully copy the trader.
After the copy trading relationship is established, users can choose to enter the copy trading homepage, click on “My Copy Trading” to view the copy trading income and other details of each copy followed by the trader. Alternatively, they can click on “Manage” in the “Copy Trading Details” section to enter the copy trading setup page, adjust the investment amount, modify the copy stop loss settings, or cancel following the trader.
Currently, OKX’s copy trading mode is the most comprehensive in the market. Users can choose the intelligent copy trading mode according to their investment preferences, or they can use the familiar custom copy trading mode. Unlike the intelligent copy trading mode, the custom copy trading mode allows users to choose fixed amount copy trading or proportional copy trading, giving them control over risks and profits and increasing capital utilization.
In fact, regardless of the type of copy trading product, the essence is to help more investors maximize their profits. OKX, as a technology-driven and user-centric trading platform, is well aware of this principle. The team always adheres to the concept of simplifying product development, designing products that are easy for users to use while ensuring the security of user assets.
The relevant spokesperson said.
This content is for reference only. This content does not intend to provide any investment, tax, or legal advice and should not be considered as an offer to buy, sell, or hold virtual assets. Holding virtual assets, including stablecoins, carries higher risks, and the market volatility may also be greater. You may even lose all the value of your assets. You should carefully consider whether you are suitable for trading or holding virtual assets based on your financial situation and risk tolerance. OKX will not provide any investment or asset advice. You are solely responsible for the investment decisions you make, and OKX will not be responsible for any losses. Past performance does not guarantee future results. If you have any questions about your specific situation, please consult your legal/tax/investment professional.
This article is provided by the official source and does not represent the position and investment advice of this site. Readers must conduct their own careful evaluation.
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