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Signal Cloning Guide

Toobit

Overview

In the Copy Trading Community, two distinct features enhance user engagement: Signal Cloning and Copy Trading. Understanding the differences and applications of these features can help you make informed decisions about your trading strategy.

What is Signal Cloning?

Signal Cloning is a feature that allows all users, including non-pro traders, to share their trading signals for contract pairs. Community members can then decide whether to replicate these signals by setting their own trading parameters.

How to Use Signal Cloning

  • How to Publish and Share Your Signals:

    On the Web:

    1. Go to the Copy Trading Page and click on My Subscriptions.
    2. In the content input box, find the Signal option.
    3. Choose your trading strategy details (trading pair, direction, entry price, TP price, SL price, leverage, open size). 
    4. Click Create to generate the signal.
    5. After editing, click Send to publish.
    6. Find your post in My Posts, click Share, and select Copy Signal to share it with the community or friends.

    On the App:

    1. Go to the Copy Trading Page and tap on Community. 
    2. Click the floating + icon to enter the post editing page.
    3.  
    4. In the content input box, find the Signal option.  
    6. Fill in your strategy details as listed above.
    7. Click Create to generate the signal and Post to publish.
    9. Find your post in My Posts, click Share, and select Copy Signal to share it.

    Using Shared Signals:
    1. When you click the shared signal link, you will be directed to the contract trading page.
    2. The system will automatically fill in the opening position details based on the shared signal information.
    3. However, users must confirm the details before manually creating the position.
What is Copy Trading?
Copy Trading allows users to automatically follow and replicate the trades of professional traders (signal providers). The system executes trades on behalf of users based on the actions of these traders, providing a more hands-off trading experience.

Signal Cloning vs. Copy Trading

Feature Signal Cloning Copy Trading
Initiator All users (including non-pro traders) Only pro traders
Trading Method Users manually decide whether to clone signals System automatically executes trades
Parameter Settings Users set their own trading parameters Parameters set by the signal provider
Opening Process Users create positions manually based on signals System executes trades automatically
Profit Sharing Null; no profit for signal provider Yes, the pro trader will get a share of the profits from the follower's net income.
Flexibility High; users can choose whether to follow and set parameters Low; users can only follow the signal provider’s strategy
User Base All users; suitable for those wanting to share their strategies Suitable for users preferring to follow professional traders

Conclusion

Signal Cloning empowers all users to actively engage in the trading community by sharing and replicating signals based on personal strategies. It offers greater flexibility and control for users who want to set their own parameters. In contrast, Copy Trading provides a simpler, automated way to follow the strategies of professional traders, ideal for those who prefer a hands-off approach.

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