Guide for traders
BW has online the copy-trading. The following is the operation process of traders. If you encounter any problems in the operation process, you are welcome to consult online customer service.
The whole process of carrying orders
Open Android BW app > Enter copy-trade > select become a trader > set account info> open position > carry order
1. Click the home page of BW app and click copy-trade to enter
2. To apply to become a trader, go to the home page of copy-trade, and click "become a trader" to enter the application description page;
3. Set personal information: click " home page", and then enter the setting page; (nickname allows setting Chinese characters, letters and numbers, which cannot be changed after setting, please operate with caution)
4. Open position
After the traders start the function of carrying orders, they can go to the contract page to open positions. BW supports plan entrustment and price limit entrustment. Copy-trading support isolated Margin
5. Traders close positions, check market changes, and confirm to set price / Contr number to close positions. Can also be in accordance with the market price fast close all positions.
6. View revenue
On the home page, you can view yesterday's Commission historical position etc.
Notes for applying to be a trader:
1) To become a trader, you need to pass real name authentication and the balance of USDT contract account is over 500 USDT
2) Users who have been configured to follow orders cannot apply to become traders
Turn on / off carrying orders function:
1) There are no restrictions on opening position
2) When the function of carrying is turned off, no position in carrying
Precautions for starting with carrying function:
1) Carrying orders only support Isolated Margin
2 Commission with bills shall be settled after position closed
3) Position margin cannot be adjusted in the process of carrying documents
4) When there is a position in the process of taking orders, the new follower will not follow the orders.
5) For ensure the successful copy-trading, it is recommended to clear the Current entrustment and position before starting the function of carrying orders
Please be informed that in case of drastic market fluctuation or insufficient liquidity, one party may close the position while the other party does not.
Q & A
1. Can users close their positions by themselves in the process of copy-trading?
A: Yes, but the position will not continue to follow orders after self-closing.
2. Whether the user needs to pay the Commission after closing the position by himself.
A: it is necessary to allocate Commission. After clearing the warehouse, the system calculates the amount of sub Commission according to the proportion of the copytrading position in the total position.
Example of calculation:
Xiao Wang's one button follow Niu brother, the number of the order is 1000 Contr. During this period, Xiao Wang interrupted the following and opened another same 1000 Contr, so the total position was 2000 Contr. After the position was completely closed, Xiao Wang made a profit of 100 USDT.
The Commission of Niu brother is 100 * (1000 / 2000) * 8% = 4 USDT
3. Can traders stop carrying orders
A: if there is position in the process of carrying, you can't interrupt the carrying order.
4. When can traders get their commission
A: you can get the Commission after clearing of the carry position