First of all, congratulations for becoming a Pro Trader and creating a whole new stream of income for yourself. You will may want to know something about the Pro Trader, please continue to read below article.
Follow the below steps to start with Copy Trading.
1、You can visit https://www.toobit.com/en-US/copytrading ,and click “My Trades”—“Start Trading“.
2、As a Pro Trader, you can support to trade BTC、ETH、BNB、DOGE and other pairs that we support, and your trading will be automatically synchronized to your followers for opening/closing positions under your types of futures.
3、As a Pro Trader , you can trade with a maximum of 50x leverage currently, and you can choose the trading pairs that you want the followers that could follow your trading strategy.
4、After entering the derivatives page, pro traders can select the trading pairs that support followers and transfer assets to the futures account before trading.
5、After the Pro Trader initiates the followers, it does not support the order to be executed in the form of a Maker. Opening positions of futures are supported only in IOC, FOK, market price, and triggered orders (market price) modes. Only closing all positions at market price is supported.
6、You can refer the data of the Copy Trading interface:
- ROI:Yield is the ratio that measures a trader's profitability over a fixed period of time. Yield=cumulative revenue/cumulative cost * 100% (including unrealized gains and losses)
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Followers PnL:Cum. profits of followers by this pro trader (It may differ from the actual profitability with the pro trader due to several problems, such as follower’s manual closing positions in advance, different leverage from the pro trader, or insufficient position margin).
- Win Rate:The proportion of Pro Traders’s profitable orders in all orders.
- Total Trades:Open positions of pro traders.
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Total Followers:Cum. current and historic followers.
- Sharp ratio:Sharpe Ratio is a performance indicator that measures the average return per unit of volatility. The higher the value, the better the risk adjusted investment return. This indicator is displayed 30 days after the leader’s first transaction. Update once a day.
- Average Earnings:Average profits=Total net profit of orders with net profits/Number of earning times.
- Average Losses:Average losses=Total net profit of orders with net losses/Number of losses incurred.
Here are examples of how the profit-sharing works:
A. Suppose Follower A opened a BTCUSDT perpetual futures with a pro trader at 15:00 on Thursday and closed it with a profit of 20 USDT and trading fees of 2 USDT before settlement, and the pro trader set the profit sharing ratio is 15% . Then the reserved commission is (20-2)*15% = 2.7 USDT, which will be rewarded to the pro trader after settlement.
B. If Follower A opens a contract with a pro trader at 15:00 on Thursday and does not close it before settlement, no commission will be reserved. However, if the follower closes it with a profit next Wednesday, commission will be calculated.
C. Suppose Follower A opens BTCUSDT and ETHUSDT perpetual futures with a pro trader at 15:00 on Thursday, and there is a profit of 30 USDT in BTC perpetual futures, a loss of 10 USDT in ETH perpetual futures, with trading fees of 3 USDT and 1 USDT for BTC and ETH contracts respectively. Then the commission for the pro trader is (30-10-3-1) * 15% = 2.4 USDT.
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Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Toobit is not liable for any losses that might arise from your use of Margin. This information should not be regarded as financial or investment advice. For more information, see ourTerms of Use and Risk Warning.