Introduction to Copy Trading
Copy trading allows CoinW users (followers) to automatically replicate the contract trading strategies of professional traders (leaders). Based on each user's risk control and tolerance level, the follower's account will mirror the trader's positions - opening and closing trades simultaneously.
Prerequisites for Copy Trading
Before starting copy trading on CoinW, you'll need to:
- Register a CoinW account
- Deposit or purchase cryptocurrency (USDT needed as investment capital)
- Transfer funds to your contract account
๐ Get started with CoinW today
How to Begin Copy Trading
(1) Accessing the Copy Trading Interface
- Tap the top-left corner in the CoinW app to switch to Professional Mode
- Select "Copy Trading" from the Professional Mode homepage
(2) Selecting a Trader
Method 1: Manual Selection
Evaluate traders based on performance metrics including:
- ROI (Return on Investment)
- Number of followers
- Currency preferences
- Median margin
- Trading frequency
- Win rate
- Average profit/loss
Method 2: Filtered Selection
Set your preferred parameters to filter traders by:
- Minimum ROI
- Investment duration
- Copy trading capital
Recommended Traders:
CoinW officially recommends vetted traders with verified track records, visible on the copy trading homepage with photos and credentials.
(3) Configuring Copy Parameters
- Copy Capital: Total funds allocated (max 5000 USDT)
- Position Type: Isolated/Cross/Follow Trader Mode
- Leverage: Fixed (default 5x) or mirror trader's leverage per trade
- Per-Trade Margin: Fixed amount (1-2000 USDT) or percentage of trader's position (0.1-10x)
- Contracts: Select which currency pairs to copy
Risk Control:
- Take Profit/Stop Loss ratios
- Maximum position capital
Trader-Specific Rules
Each trader may provide specific copy trading recommendations in their profile:
- NICE: Recommended 5000U capital, 1:1 copy ratio
- GT: Fixed 100x leverage, 3% per trade, โค10% total exposure
- HODLKenny: Cross margin mode, 1/30th total capital per trade
Conservative Adjustments:
- Reduce leverage below 50x (20x for cautious, 10x for long-term)
- Lower margin ratio (e.g., 1:0.5)
- Set tighter stop-loss thresholds
(4) Post-Setup Management
- Monitor active copy trades in "My Copy Trading"
- Edit settings via "Follow Settings"
FAQ Section
Q: What's the minimum capital for copy trading?
A: There's no strict minimum, but traders often recommend starting with at least 500 USDT.
Q: Can I copy multiple traders simultaneously?
A: Yes, you can allocate separate capital to different traders.
Q: How quickly do copied trades execute?
A: Trades typically mirror the leader within milliseconds when properly configured.
Q: What happens if my leader closes their position?
A: Your corresponding position will automatically close at the same price.
Q: Can I manually close a copied position?
A: Yes, but this may disrupt your copy strategy - it's better to adjust risk parameters instead.
Q: Is there a performance fee for copy trading?
A: Some traders charge fees - always check their profile terms before copying.