I want to copy trades
Last update 08/01/2023
Copy-trading by Finandy offers a convenient service to use, but this service implies additional responsibility. The master trader and the copy trader are obliged to periodically monitor their positions for compliance with their settings.
Various events beyond the control of the Finandy service may occur (e.g. changes to the rules of the Binance exchange, de-synchronisation of accounts due to lack of API response from the Binance exchange, server infrastructure updates, etc.), which will require prompt changes to the copying settings.
If you ignore the necessary changes, copy-trading may stop working correctly. You risk losing contact with the master trader/copier and incurring potential or actual losses. Copy-trading is recommended when you fully understand the operation of the market and the API trading.
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
Finandy Exchange - Official Binance Broker
Advantages:
- 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, you need to paste the Master Trader ID.
Copy trading is configured separately for the Spot and Futures markets. To do this, you need to select the appropriate market on the top left and make its settings.
It is necessary to transfer Your ID to the Master Trader if the connection of users occurs with confirmation.
Master Trader ID whose trades you are copying
Enable or disable copy trades
- Awaiting Master's Approval If the Master has enabled the approval of new connections and your account has not yet been verified.
- Connected Ваш аккаунт подключен к копированию
Every Monday, the Master Trader will receive a bonus from the total profit received for the week
Deleting the connection to the Master Trader for copying trades.
On the right are the settings for the base quotes
Method for calculating the amount in the order.
When the master creates an order, % of the total (working) balance of the Master will be calculated using the formula
% = order amount / master balance x 100Example #1. Copy trading on the Spot Market
- Balance Master Trader 1000 dollars
- Balance connected 100 dollars
Order of Master | The copied order of slave |
|---|---|
20 USDT ( 2 % of balance) | 100 х 2% = 2 USDT The order will not be created because the amount is less than the minimum allowed, according to the rules of the |
150 USDT ( 15 % of balance) | 100 х 15% = 15 USDT |
Example #2. Copy trading on the Spot Market
- Balance Master Trader 100 dollars
- Balance connected 1000 dollars
Order of Master | The copied order of slave |
|---|---|
20 USDT ( 20 % of balance) | 1000 х 20% = 200 USDT |
90 USDT ( 90 % of balance) | 1000 х 90% = 900 USDT |
Copying quantity 1 in 1 as in the master, without changes. The size of the balance does not play a role in order calculation for the connected one.
Example. Copy trading on the Spot Market
- Balance Master Trader 1000 dollars
- Balance connected 100 dollars
Order of Master | The copied order of slave |
|---|---|
20 USDT | 20 USDT |
250 USDT | The slave cannot open a deal, there is not enough balance. |
The allocated volume for copying trades. If, when copying a new order, the amvolumeount of open positions + the volume of the created order exceeds the specified value, then the creation of the order will be rejected. If empty, the restriction is disabled.
The maximum volume of one open position. If, when copying a new order, the volume in the position + the volume of the created order is greater than the specified value, then the creation of the order will be rejected. If empty, the restriction is disabled.
If the specified loss (indicated in dollars) is exceeded, the position will be closed. If empty, the restriction is disabled.
If, upon receiving a signal to open a new position, the total number of open positions is greater than or equal to the specified number, the signal will be ignored. If empty, the restriction is disabled.
Bonuses are awarded once a week on Mondays if the total PnL was positive.
If after closing the position PnL was positive, then part of the profit is reserved on a separate account.
If, after closing the position, PnL was negative, then part of the profit is returned from the reserve account back to the 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, 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
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Last modified 1mo ago