I want to signal
Last update 08/01/2023
Copy trading is only available on the Finandy exchange. Switching to the Finandy exchange can be done in 2 ways
- From standard mode:
- From Pro mode
- Binance Liquidity
- Binance Wallets
- Binance Trade Execution
- Binance fees
- Free access to the full functionality of Finandy
Make a deposit of funds to activate your account on the Finandy exchange according to the instructions:
On the Copy Trades page, click the Create Master Trader account button
Enabled or disabled copy trades.
Master traders can display their ID, trades and PNL in the public domain (Posted in Marketplace) or make them private.
If enabled, new users will start copying your trades only after your approval.
If enabled, then users will only copy your trades up to the specified date.
If you no longer plan to provide the service of copying your trades, then you can delete the Master account. This does not affect personal trading.
On the right side of the screen is the setting of the base quotes in which trading takes place
Every Monday, a bonus is accrued in the proportion specified in the setting, if PnL has been positive for the last 7 days.
The bonus is indicated as a percentage of the user's total profit.
The following are the settings for trading on basic quotes:
If TP or SL is disabled in the position of the connected account or low liquidity of the currency pair, and the position of the master is closed by TP or SL, then the position of the connected account will also close after a specified timeout. The timeout is configured in the master account, by default it is 5 seconds.
The limit is set by the master trader. New positions will be copied if your balance is greater than the specified one.
Minimum balance of the connected user to enter a position for the selected quote. According to this amount a share of the order will be calculated if the connected user selects copying — a percentage of your trade balance. Leave empty to use your entire balance in calculations.
In order for other traders to copy your trades, they need to provide your Master Trader ID.
Make trades according to your trading strategy manually or with the help of bots or Tradingview signals.
Receive every Monday a % of the resulting profit (profit minus loss) earned for the previous week.
If after closing the position PnL was positive, then part of the profit is reserved on a separate account with the connected trader.
If, after closing the position, PnL was negative, then part of the profit is returned from the reserve account back to the connected trader's wallet.
If a profit was received in 7 days, then on Monday, a part of the profit will be sent from the reserve account first to the Spot wallet of the connected, and then to the Master Trader to the spot wallet, according to the percentage specified in the Copy Trading settings.
User balance at the time of connection = 1000 USDT.
Commission master trader = 50%.
- By the results of a week of trading, the profit of closed positions amounted to 100 USDT. The balance after paying the bonus to the master will be 1050 USDT Master's bonus is 50 USDT
- Next week's trading results show a loss of PnL = -250 USDT.The bonus is not credited, the balance is 800 USDT Bonus will not be credited for this losing week
- According to the results of the new week, the profit of closed positions amounted to 100 USDT.The balance after paying the bonus to the master will be 850 USDT Master's bonus is 50 USDT
Question: Does the bonus come cumulatively or for each copyer separately? For example, if one of the copiers has just joined and caught loss on position and the others were working earlier and their loss is less, and then the loss on the main volume of the copiers leaves and one of the users is still in drawdown. How will the negative value on this one copy trader be covered from the profit on the main volume of copying or not?
Answer: The bonus comes for each copying trader separately
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