The Beginner's Guide to Copy Trade (Trader)
How to become a trader?
1. Go to MEXC Copy Trading
2. Click "Become A Trader"
When applying to become a trader, make sure that you do not have any Copy Trade positions, open positions or orders (market orders and stop orders). You should also not be following any traders.
3. Fill in the application information
These are the required contents when filling in the application form on the new page:
Email (required)
a. If the user's MEXC account is already linked to an email, there's no need to fill in another one (if the user wants to change the email, he needs to contact Customer Care to change it at the backend).
b. If the user's MEXC account is not linked to an email, he must enter one. We will use email to send important information such as application reviews.
Telegram account (optional)
Mobile number (optional)
Check the Copy Trade Agreement checkbox and submit the application
4. Awaiting Trader Application Approval
When a user enters the Copy Trade page while awaiting approval for their trader application, the following content below will be displayed:
A button that reads "Trader application is under review".
Clicking or hovering over the button will reveal the following message: Your application is currently under review. Please monitor your SMS/email for the review outcome notification.
Users whose trader application is under review or approved will no longer be able to follow other traders.
5. Once approved, traders can start leading trades.
How to start Copy Trade?
1. Lead Trade Criteria
USDT-M perpetual futures
Position mode: Hedge mode
Position opening type: Isolated mode
Some of the futures trading pairs which are available as lead trades are as follows:
BTC_USDT ETH_USDT WAVES_USDT ADA_USDT SOL_USDT AVAX_USDT LINK_USDT FTM_USDT TRX_USDT SHIB_USDT AXS_USDT XRP_USDT MANA_USDT DOT_USDT LTC_USDT BNB_USDT DOGE_USDT MATIC_USDT UNI_USDT ETC_USDT OKB_USDT NEAR_USDT ATOM_USDT FLOW_USDT BCH_USDT ALGO_USDT VET_USDT APE_USDT ICP_USDT XTZ_USDT SAND_USDT THETA_USDT EGLD_USDT AAVE_USDT EOS_USDT BSV_USDT MKR_USDT HNT_USDT ZEC_USDT RUNE_USDT CHZ_USDT KLAY_USDT LDO_USDT CRV_USDT HT_USDT BAT_USDT ENJ_USDT ZIL_USDT XLM_USDT LUNC_USDT LUNA_USDT OP_USDT CEL_USDT USTC_USDT APT_USDT GALA_USDT BONK_USDT OCEAN_USDT RLC_USDT ETHW_USDT MASK_USDT Maximum leverage multiplier: 5-125x, typically. The maximum leverage multiplier allowed for copy trades is different depending on the trading pair. Traders can view all lead trade trading pairs, as well as their maximum leverage multipliers and minimum opening amounts under the Copy Trade homepage - My Lead Trades - Valid Lead Trade Conditions. Users will be notified when new trading pairs become available for lead trades. In the Copy Trade system: Go to Manage Lead Trades - Current Trades. Clicking on [Close] will reveal a pop-up window to alert you that the position will be fully closed at market price. Copy Trade system: Trader - Current Trades Clicking on [Close] will reveal a pop-up window to alert you that the position will be fully closed at market price. Once a user becomes a trader, the [Current Trades] feature will appear on the Futures page, where valid trades will be shown. Futures page - [Current Trades] Clicking on [Close] will reveal a pop-up window to alert you that the position will be fully closed at market price. Clicking on [Lead Trade Conditions] will reveal a pop-up window showing the corresponding lead trade conditions. 2.3 Partially Closing Trader's Position When a trader partially closes a position, the follower's corresponding copy trade position will also be partially closed based on the trader's closing ratio. Let's take an example where the trader's initial lead trade is 1,000 cont., and the follower's copy trade is 100 cont..If the trader closes the position partially by 200 cont., the follower's position will be partially closed by: 100 * (200 / 1,000) = 20 cont. The following scenarios may lead to the partial closing of the trader's position. At this point, the follower's corresponding copy trade position will be partially closed based on the trader's closing ratio. Trader partially closes the position The position was partially liquidated The position was reduced by the system For example: The trader's initial lead trade information is as follows: BTC_USDT, 20s, long, 0.5 BTC. Let's pretend that the position was also formed by an order.At this point, if the position is partially closed, the lead trade information will change to: BTC_USDT, 20s, long, 0.4 BTC. This indicates a 0.1 BTC drop when the position was partially closed. Accordingly, the follower's initial copy trade information is as follows: BTC_USDT, 20x, long, 0.05 BTC. When the trader's lead trade position is partially closed, this copy trade order will be closed according to the ratio, i.e. closing quantity = 0.05 * (0.1 / 0.5) = 0.01 BTC 2.4 How To View Lead Trade History On the Manage Lead Trades page, switch to [History] to view information on past lead trades. Clicking on [My Followers] allows you to view the list of current followers, time followed, and copy trade account equity. You can also exclude a follower via the action bar to temporarily remove the follower from your follower list. If you do not want to be followed, go to Settings and disable the Allow Following option. When the action bar button is clickable (appears blue), you can click it to exclude the follower, temporarily changing the follower's status to Not Following. If the follower is holding a copy trade position under the trader's name, or the follower's copy trade account equity is greater than the minimum copy trade amount, the button will be unclickable (appear grey), i.e. the follower cannot be excluded. 1. Viewing Profit Share You can view the details of your profit sharing under "Profit Share Management" on the Manage Lead Trades page. 2. How Is Profit Share Settled? The trader will receive their share of the profits only if the follower's PNL of the day under the trader is positive. The profit share of the previous day will be settled between 16:00 to 17:00 (UTC) daily. [Important Note] Profit share will only be settled when the follower's copy trade position is completely closed. For example: Jay is a follower with two orders in the 20x long BTC USDT copy trade position, Order A and Order B. If only Order A is closed, the position is not completely closed, and the realized PNL for the entire position cannot be calculated. Hence, the profit share can not be settled by the system in this scenario. 3. Viewing Profit Share History You can view details of past profit shares on the Manage Copy Trade page under Profit Share Management - Profit Share History. Click on [Details] to reveal a pop-up window showing the profit share details. Check traders on your watchlist You can check the details of traders on your watchlist under Watchlist on Copy Trade page. [MEXC] Copy Trading Survey - Grab bonuses up to 1,000 USDT! >>> Risk Alert: Due to factors such as depth, market changes, and volatile market conditions, please note that the opening/closing prices and yield in followers' copy trades may differ from those of their traders. Buy USDT Instantly Here:https://otc.mexc.com/ Create your own referral link today and start inviting friends to enjoy great rebates: Enjoy trading on MEXC. The MEXC Team 9 June 2023How to manage Copy Trade?
2.1 How To Check Current Lead Trades?
2.2 Futures Trader Page - [Current Trades] Feature
How to manage followers?
How To View Profit Share?
