The following outlines the operational procedure for copy trading on the BITOY app
Step 1: Download and log in to the BITOY app from the official BITOY website.
Step 2: Log in to the BITOY app, and select the 'Copy Trading' feature on the home page. Carefully read the agreement content.
Step 3: Enter the 'Copy Trading' interface. Based on 'Comprehensive Sorting' or according to the trader's total profits, overall profit amount, or total copy trading profits, select your copy trading target.
Step 4: Select 'Copy Trading' and set your copy trading preferences.
Step 5: Choose the 'Copy Trading Contracts.' You can select multiple or single options.
Step 6: Select the copy quantity: Follow Ratio, Fixed Amount, or Fixed Ratio.
Follow Ratio: Place orders based on the position ratio of the trader being followed
For example, if the trader's position constitutes 20% of the total assets, the follower will invest 20% of their copy trading funds in the order."
For example, if the follower sets a fixed amount of 100 USDT for copy trading, when the trader opens a position, the follower will invest 100 USDT as margin to follow the opening.
Fixed Ratio: The follower sets a fixed percentage to copy the trader's contract order quantity
For example, if the trader opens 100 contracts, and the follower sets a 1% copy ratio, they will copy 1% of the trader's order, which is 1 contract. If the follower sets 100%, they will copy the entire order quantity, which is 100 contracts.
Step 7: Optionally, choose 'Advanced Settings' for take profit and stop loss. When the profit/loss exceeds the set ratio, the system will close the order at market price.
Step 8: Please review the trader's commission ratio and carefully read the 'Notes.' Select 'Confirm and Copy' to proceed with copy trading.
Step 9: After successful copy trading, return to the copy trading interface and select 'My Copy Trading
Step 10: In 'My Copy Trading,' you can choose to automatically replenish copy trading margin, modify copy trading data, or cancel the copy trading
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