In the field of cryptocurrency, copy trading is a very popular trading strategy that allows investors to replicate the operations of other successful traders in order to achieve similar investment returns. Nowadays, many trading platforms offer copy trading functionality to meet the needs of users.
As the trading platform with the most comprehensive copy trading features and the most complete copy trading ecosystem in the current market, OKX announced a major upgrade to its copy trading functionality on March 4th, aiming to provide users with a more intelligent trading experience. The core of this upgrade is the introduction of a brand new intelligent copy trading mode, which allows users to easily implement copy trading.
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1. Overview of the core functions and advantages of intelligent copy trading mode
2. How to use the intelligent copy trading mode?
3. Rooted in the essence of trading, establishing a complete copy trading ecosystem
1. Overview of the core functions and advantages of intelligent copy trading mode
Intelligent copy trading is a more efficient and convenient new mode of OKX’s contract copy trading product. As we all know, OKX’s contract copy trading function mainly provides the most user-friendly, simple, and transparent user experience for contract traders and copy traders, maximizing the profits and win-win situations for both contract traders and copy traders. Users can directly follow professional traders in contract trading without manually opening or closing positions or having to monitor the market.
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The introduction of the intelligent copy trading mode is aimed at reducing the threshold for users to use contract copy trading. Specifically, the intelligent copy trading mode is a new copy trading mode that automatically calculates the investment amount based on the trader’s capital allocation and sets the order parameters. When users follow the opening of a position, the platform will calculate the order amount for the copy trader based on the ratio of the trader’s margin to account equity, and replicate the trader’s order parameters.
For example, if the trader’s account equity is 10,000 USDT and they invest 1,000 USDT in a 5x leverage long position on BTCUSDT perpetual, the capital allocation ratio would be 10%. If the copy trader’s investment amount is 1,000 USDT, the platform will automatically allocate 1000 USDT × 10% = 100 USDT as the copy trading position cost for the copy trader to replicate the 5x leverage long position on BTCUSDT perpetual.
Currently, intelligent copy trading supports setting the investment amount for one-click copy trading. Users do not need to set complex parameters as the position risk and profitability are managed by the trader. This mode is simpler than the previous custom copy trading mode and can be activated in just two steps. After selecting a preferred professional trader, investors only need to set the investment amount (minimum 100 USDT) and click the “Copy Now” button to complete the copy trading setup easily. This innovative design significantly reduces the threshold for contract copy trading. Even beginners who know nothing about copy trading parameters can easily achieve one-click copy trading and stable profits.
In summary, the main advantages of intelligent copy trading are as follows:
One-click copy trading: Users only need to input the investment amount to achieve one-click copy trading, without the need to set other complex parameters, truly achieving convenient and efficient copy trading.
Intelligent investment and synchronized risk control: The copy trading user places orders in proportion to the trader’s capital allocation, ensuring consistent leverage and margin modes between both parties, allowing the trader to better assist the copy trading user in risk control and profitability management.
Isolated positions: Manual trading and copy trading positions are isolated, reducing the impact of copy trading on manual trading.
Funds isolation: Dedicated funds management to reduce the excessive leverage risk that may occur when following multiple traders with the same funds.
Furthermore, the copy trading user center on the OKX platform has been completely upgraded, adding copy trading details and profit details sections to provide users with more intuitive trading data display and profit structure display. Users can easily view detailed trading data for each copy trading with different traders and clearly understand their profit composition. This upgrade aims to improve the user experience and make it more convenient for users to manage and analyze their trading data.
“The launch of the intelligent copy trading mode once again proves our leading position in the field of automated trading. Through this innovation, we can provide users with an easier and more secure copy trading experience. The new feature simplifies the operation process while strengthening risk management, meeting the personalized needs and risk preferences of different users. This upgrade is a major improvement to the existing copy trading ecosystem, allowing more users to enjoy safe and efficient copy trading services,” said the product manager of OKX.
2. How to use the intelligent copy trading mode?
After explaining the core functions and advantages of OKX’s intelligent copy trading mode, let’s focus on how to set up the intelligent copy trading mode as a user. Here is a simple guide for reference:
Step 1: Browse or search for the desired trader and click the “Copy Now” button on the trader’s profile page to enter the copy trading setup.
Step 2: Choose the copy trading mode: Intelligent Copy Trading.
Step 3: Set copy trading parameters
– Investment amount (USDT) (required): The total investment amount dedicated to copying the trader (minimum 100 USDT), which will be isolated in the trading account.
– Copy position immediately after copying:
When enabled, if the trader currently holds a position, it will be immediately copied at market price based on the capital allocation ratio. When disabled, the trader’s current position will not be copied, and copying will only occur after the trader places the next order.
At this point, you can check the trader’s profile page – current open positions to assess whether the immediate copy of the position is enabled.
– Copy stop loss: The maximum acceptable loss amount for copying the trader. When the set stop loss amount is reached, the system will automatically stop copying and handle the remaining positions according to your settings.
Step 4: Click “Copy Now” and confirm the copy trading information is correct to complete the copy trading process.
After establishing the copy trading relationship, users can choose to enter the copy trading homepage and click “My Copy Trading” to view the copy trading profits, details, and other information of each copy trading with different traders. Users can also click “Manage” in the “Copy Trading Details” section to enter the copy trading setup page, adjust the investment amount, modify the copy stop loss settings, or cancel following the trader.
Currently, OKX’s copy trading mode is the most comprehensive in the market. Users can choose the intelligent copy trading mode based on their investment preferences or use the familiar custom copy trading mode. Unlike the intelligent copy trading mode, the custom copy trading mode allows users to choose a fixed amount or proportional copy trading, giving them control over the risk and profitability and maximizing the utilization of funds.
3. Rooted in the essence of trading, establishing a complete copy trading ecosystem
In fact, whether it is copy trading or other product matrices, OKX has always adhered to the basic principle of putting users first to build its product system. Currently, OKX’s copy trading ecosystem is in a leading position in the industry, and the copy trading ecosystem mainly includes contract copy trading, spot copy trading, and strategy copy trading.
The upgrade of the intelligent copy trading mode mainly refers to the upgrade of the contract copy trading product. Currently, the contract copy trading product includes two main modes: intelligent copy trading mode and custom copy trading mode. The intelligent copy trading mode allows users to achieve copy trading profitability easily and efficiently by entrusting the management of position risk and profitability to the trader. On the other hand, the custom copy trading mode is the classic copy trading mode on the OKX platform, supporting users to simultaneously follow multiple traders with the same funds, as well as customizing their own copy trading investment, leverage, and other parameters, resulting in highly efficient fund utilization. Users can choose the copy trading mode that suits them based on their preferences and experience.
The spot copy trading mode is on one hand filtered by the OKX platform to select high-quality traders, and on the other hand, it supports users to automatically copy the spot trading positions of traders, allowing users to easily seize trading opportunities without having to monitor the market. It is suitable for both novice users and experienced investors. The contract copy trading mode is similar to spot copy trading and can be understood as leveraged spot copy trading.
Strategy copy trading is the trading system established by OKX in the strategy marketplace, where top-level strategy traders are selected by the platform. Users can execute copy trading strategies with one click, automatically following trigger/stop instructions and easily grasping the best timing, allowing copy trading users to enjoy the profits of strategy trading. Currently, strategy copy trading supports grid-based and Martingale-based strategies.
In essence, no matter what type of copy trading product, the goal is to help investors maximize their profits. OKX, as a technology-driven and user-centric trading platform, deeply understands this principle and the team always adheres to the product development concept of simplifying complexity, designing products that are easy for users to use while ensuring the security of user assets. “More and more new users are using the copy trading feature, and while OKX insists on innovation-driven development, it also prioritizes the security of user funds. We have taken the initiative to enhance the transparency of Proof of Reserve (POR) to traditional financial audit standards, thereby continuing to lead the industry in safety and transparency. We aim to make users worry-free and feel at ease,” said the responsible person.
This content is for reference only. The content does not intend to provide any investment, tax, or legal advice and should not be considered as an offer to buy, sell, or hold virtual assets. Holding virtual assets, including stablecoins, carries higher risks, and the market volatility may also be greater, which may result in the loss of the entire asset value. You should carefully consider whether trading or holding virtual assets is suitable for you based on your financial situation and risk tolerance. OKX does not provide any investment or asset advice. You are solely responsible for your investment decisions, and OKX shall not be liable for any losses. Past performance is not indicative of future results. If you have any questions about your specific situation, please consult your legal/tax/investment professionals.
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