When a copy trader successfully follows a lead trader, the system automatically replicates the lead trader’s futures trades for the copy trader.
Rules on Opening and Closing Position
Opening Positions:
| Order types of lead traders | How to trigger and copy trades | Order types of copy traders |
| Market Orders (including market and market stop orders) | Triggered immediately | IOC (Immediate-Or-Cancel) limit order with the limit as the slippage upper/lower bound |
| Limit Orders (including limit and limit stop orders) | Triggered once the order is fully executed | IOC (Immediate-Or-Cancel) limit order with the limit as the slippage upper/lower bound |
Closing Positions:
| Order types of lead traders | How to trigger and copy trades | Order types of copy traders |
| Market Orders (including market and market stop orders) | Triggered immediately | Market orders |
| Limit Orders (including limit and limit stop orders) | Triggered once the order is fully executed | Market orders |
Calculation of Opening and Closing Amount
Proportional Copy Mode
1. Opening: The copy trader’s opening cost is proportional to the lead trader’s opening cost. However, the system cannot guarantee identical opening prices due to slippage, which might affect the actual quantity opened.
Example: If a lead trader with an account balance of 1,000 USDT opens a position using 500 USDT (50% of their account equity), and a copy trader follows with 500 USDT, the system will use 250 USDT to open a position for the copy trader.
Please note that due to slippage, the actual opened quantity may be less than 250 USDT.
2. Closing: Assume that a lead trader holds a 1 BTCUSDT position and closes 20% of it (0.2 BTC), their copy traders with a total followed amount of 0.6 BTC will automatically close 20% of their position (0.12 BTC).
Notes:
- If the opening amount is below the minimum trading amount or the minimum order nominal value, the system will open positions according to the minimum trading amount. For more details, refer to the CoinEx Linear Futures Contracts Trading Rules.
- If the opening amount exceeds the maximum limit for the selected leverage, the system will open positions according to the maximum limit. For more details, refer to the Introduction to Linear Contract Leverage and Margin.
Precise replication
When lead traders change their trading directions, both new and existing copy traders can precisely synchronize their positions to match the leader's strategy direction.
For instance,
- When both the lead trader and copy traders have open positions: If the lead trader closes their position and switches direction, copy traders will automatically close their positions and switch direction accordingly.
- When only the lead trader has an open position: If the lead trader closes their position and switches direction, copy traders will only follow the new direction of the trade.
Supported Trading Pairs
Currently, 5 linear perpetual contracts are supported by futures copy trading. The available pairs may be adjusted based on market conditions, please check CoinEx Announcements for updates.