Copy trading is a very popular trading strategy in the cryptocurrency space that allows investors to copy the actions of other successful traders in the hope of achieving similar returns on investment. Nowadays, many trading platforms provide copy trading functions to meet the regular needs of users.
As the trading platform with the most comprehensive copying functions and the most complete copying ecosystem on the market, OKX announced a major upgrade of its copy trading function on March 4, aiming to provide users with a more intelligent trading experience. The core of this upgrade is the launch of a new intelligent copying mode, allowing users to more easily implement copying transactions.
1. A quick overview of the core functions and advantages of the intelligent copying model
Smart copying is the latest upgrade of OKX’s contract copying product, a new, more efficient and convenient model. As we all know, the OKX contract copying function mainly provides the most user-friendly, simple and transparent user experience for contract traders and followers, and maximizes the profit and win-win situation for contract traders and followers. Users will not need to manually open or close positions, or watch the market, and can directly follow professional traders for contract transactions.
The launch of the smart copying model is to lower the threshold for users to use contract copying. Specifically, the smart copying mode is a new copying mode that automatically calculates investment funds and sets order parameters based on the proportion of funds used by traders. Every time a user opens a position, the platform will calculate the order amount for the following user based on the ratio of the traders margin to the account equity, and copy the traders order parameters.
For example: The traders account equity is 10,000 USDT, and he invests 1,000 USDT to go long BTCUSDT with 5 times leverage. At this time, the capital investment ratio is 10%. For example, if the copying users copying investment amount is 1,000 USDT, then 1,000 USDT × 10% = 100 UDST will be automatically invested for the copying user as the cost of the copying position, with 5 times the leverage of a full position long BTCUSDT perpetual position.
At present, smart copying supports one-click copying by setting the investment amount. Users do not need to set complex parameters and leave it entirely to traders to manage position risks and returns, so they can easily and efficiently achieve profits from copying. This mode is simpler than the previous custom copying mode, and it only takes two steps to start the journey of making money. After selecting the professional trader of their choice, investors only need to set the investment amount (minimum 100 USDT), and simply click the Follow Order Now button to simply complete the copy setup. This innovative design greatly lowers the threshold for contract copy trading. Even users who are beginners who know nothing about copy parameters can easily follow orders with one click and obtain stable profits.
Generally speaking, the main advantages of intelligent follow-up are reflected in the following four aspects:
• One-click follow-up: Users only need to enter the investment amount to follow the order with one click. There is no need to set other complicated parameters, truly realizing convenient and efficient follow-up.
• Intelligent investment and synchronized risk control: Based on the proportion of funds invested by traders, orders are placed in equal proportions for copying users. The leverage and margin models of both parties remain consistent, allowing traders to better help copying users with risk control and income management.
• Position isolation: Manual trading and copy trading positions are separated to reduce the impact of copy trading on manual trading.
• Fund isolation: dedicated funds, reducing the risk of over-leverage that may result from following multiple traders with the same funds.
Not only that, the copying user center of the OKX platform has also been completely upgraded, adding copying details and revenue details sections to provide users with a more intuitive display of transaction data and revenue structure. Users can easily view the detailed transaction data of different traders each time, and at the same time, they can also clearly understand the composition of their own profits. This revision aims to improve user experience and make it easier for users to manage and analyze their transaction 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 are able to provide users with an easier and more secure copy trading experience. The new function simplifies the operation process and strengthens the Risk management meets the individual needs and risk preferences of different users. This upgrade is a major improvement to the existing copy trading ecosystem and will enable more users to enjoy safe and efficient copy trading services. OKX related added the product owner.
2. How to use the intelligent follow-up mode?
After elaborating on the core functions and advantages of OKX’s intelligent copying model, here comes the focus of this article! As a user, how to create a smart copying mode? Here is a simple guide for your reference:
Step 1: Browse or search for the trader you are interested in. On the traders personal homepage, click the Follow Now button to enter the copy settings.
Step 2: Select the copying mode: smart copying
Step 3: Set following parameters
• Investment amount (USDT) (required): The total investment amount specifically used to follow this trader (minimum 100 USDT), which will be segregated and occupied in the trading account
• Copy the position immediately after copying the order:
After opening, if the trader currently holds a position, the current position will be copied immediately at the market price and in proportion to the capital. After closing, the traders current position will not be copied and will be followed after the traders next order is placed.
At this time, you can check the traders personal homepage - Current order evaluation to copy the position immediately after enabling copying.
• Copy Stop: The maximum acceptable loss amount for copying the current trader. When the stop loss amount you set is reached, the system will automatically cancel the copy order and handle the remaining positions according to your settings.
Step 4: Click Follow Order Now and confirm that the order information is correct, you can follow the order successfully.
After the copying relationship is created, the user can choose to enter the copying homepage and click to enter My Copying to view the current and historical copying profits and other details of each follower trader. You can also choose to click Manage in Copying Details to enter the copying settings page, adjust the investment amount and modify the copying stop loss settings, or cancel following the trader.
Currently, OKX’s copy trading model is the most complete in the market. Users can choose the intelligent copying mode according to their own investment preferences, or use the familiar custom copying mode. Different from the intelligent copying mode, in the custom copying mode, users can choose to follow orders with a fixed amount or proportionally, independently control risks and returns, and improve capital utilization.
3. Root in the essence of trading and establish a complete follow-up ecosystem
But in fact, whether it is a follow-up ecosystem or other product matrices, OKX has always adhered to the basic principle of user first to build a product system. At present, OKXs copying ecosystem is already in the leading position in the industry. The copying ecosystem mainly includes three categories: contract copying, spot copying and strategic copying.
The upgraded smart copying mode mainly refers to the upgrade of contract copying products. Currently, contract copying products mainly include smart copying mode and custom copying mode: In the smart copying mode, users completely leave their positions to traders. Risks and returns, users can easily and efficiently achieve profits from copying; the custom copying mode is the classic copying mode of the OKX platform, which allows users to use the same funds to follow multiple traders at the same time and customize their own copying investment , leverage and other parameters, the capital utilization efficiency is extremely high. Users can choose the copying mode that suits them based on their preferences and experience.
The spot follow-up mode allows the OKX platform to screen high-quality traders on the one hand, and on the other hand, it supports users to automatically copy traders spot trading points for follow-up, allowing users to easily grasp trading opportunities without having to watch the market. Suitable for both novice users and experienced investors. Contract copying is similar to spot copying and can be understood as leveraged spot copying.
Strategy copying is a strategy copying trading system established by OKX in the Strategy Square. The platform selects top strategy copying staff. Users can run the copying strategy with one click, automatically follow the trigger/stop, and easily grasp the best time to follow. Single users can enjoy the benefits of strategic trading. Currently, strategy copying supports grid and martingale strategies.
In fact, no matter what type of documentary product it is, the essence is to help more investors maximize profits. OKX, as a technology-driven and user-centered trading platform, understands this very well. The team always adheres to the product development concept of simplifying complexity and designs products that are user-friendly while ensuring the security of user assets. “Currently, more and more new users are using the copy trading function. While OKX adheres to the innovation-driven approach, it also puts the safety of users’ funds first. It has insisted on improving POR transparency to traditional financial audit standards, thus continuing to lead the industry in safety and transparency. , We should not only make users worry-free but also make them feel at ease. The relevant person in charge said frankly.
