OKX announced today a major upgrade to its copy trading feature, introducing a new intelligent copy trading mode that allows users to easily engage in copy trading.
In the field of cryptocurrency, copy trading has become a popular trading strategy that allows investors to replicate the operations of successful traders in order to achieve similar investment returns. Nowadays, many trading platforms offer copy trading features to meet the regular needs of users.
As the trading platform with the most comprehensive copy trading function and the most complete copy trading ecosystem in the current market, OKX announced on March 4th a major upgrade to its copy trading feature, aiming to provide users with a more intelligent trading experience. The core of this upgrade is the launch of a new intelligent copy trading mode that allows users to easily engage in copy trading.
Intelligent copy trading is a more efficient and convenient new mode of OKX’s contract copy trading product. As we all know, the contract copy trading function of OKX mainly provides the most user-friendly, simple, and transparent user experience for contract traders and followers, maximizing the profit and win-win situation for both contract traders and followers. Users will be able to directly engage in contract trading by following professional traders without the need for manual opening or closing of positions and constant monitoring.
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 proportion of funds used by the trader and sets the order parameters. When users follow the opening of positions, the platform will calculate the order amount for the follower based on the proportion of the trader’s margin to account equity and replicate the trader’s order parameters.
For example, if a trader has an account equity of 10,000 USDT and invests 1,000 USDT with a 5x leverage for a full position long on BTCUSDT perpetual contract, the fund investment ratio is 10%. If a follower’s copy trading investment amount is 1,000 USDT, the platform will automatically invest 1000 USDT × 10% = 100 USDT as the follower’s position cost for a 5x leverage full position long on BTCUSDT perpetual contract.
Currently, the intelligent copy trading mode supports setting the investment amount for one-click copy trading. Users do not need to set complex parameters and can rely on the trader to manage position risks and returns, making it easy and efficient to achieve profitable copy trading. This mode is simpler compared to the previous custom copy trading mode and can be activated with 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 settings. This innovative design significantly reduces the threshold for contract copy trading, allowing even beginners who have no knowledge of copy trading parameters to easily engage in copy trading and achieve stable profits.
In summary, the main advantages of intelligent copy trading are as follows:
1. One-click copy trading: Users only need to enter the investment amount to engage in copy trading, without the need to set other complex parameters, truly achieving convenient and efficient copy trading.
2. Intelligent investment and synchronized risk control: Orders are placed for followers in proportion to the funds invested by the trader, ensuring consistency in leverage and margin mode between both parties, allowing traders to better assist followers in risk control and profit management.
3. Position isolation: Manual trading and copy trading positions are isolated, reducing the impact of copy trading on manual trading.
4. Fund isolation: Dedicated funds are used to reduce the risk of excessive leverage when following multiple traders with the same funds.
Furthermore, OKX has completed a brand new upgrade to its copy trading user center, adding copy trading details and profit details sections to provide users with a more intuitive display of trading data and profit structure. Users can easily view detailed trading information for each follow of different traders and clearly understand their own profit composition. This upgrade aims to enhance 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,” emphasized the OKX product manager.
After explaining the core features and advantages of OKX’s intelligent copy trading mode, let’s move on to the focus of this article! As a user, how can you establish an intelligent copy trading mode? Here is a simple guide for your reference:
Step 1: Browse or search for a trader of interest. On the trader’s profile page, click the “Copy Now” button to enter the copy trading settings.
Step 2: Choose the copy trading mode: Intelligent Copy Trading.
Step 3: Set the copy trading parameters:
– Investment amount (USDT) (required): The total investment amount dedicated to following the trader (minimum 100 USDT), which will be isolated in the trading account.
– Copy positions immediately after following: When enabled, if the trader currently holds positions, they will be copied immediately at market price according to the fund ratio. When disabled, the trader’s current positions will not be copied, and copy trading will wait for the trader’s next order.
– Copy trading stop loss: The maximum acceptable loss amount for copy trading. When the set stop loss amount is reached, the system will automatically stop the copy trading and handle the remaining positions according to your settings.
Step 4: Click the “Copy Now” button and confirm the copy trading information is correct to successfully engage in copy trading.
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 and other details of each follow of the trader. They can also click “Manage” in the “Copy Trading Details” section to enter the copy trading settings page, adjust the investment amount, modify the copy trading stop loss setting, or cancel following the trader.
Currently, OKX’s copy trading modes are 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 risk and returns and maximizing capital utilization.
In fact, regardless of the type of copy trading product, the essence is to help more investors maximize their profits. OKX, as a technology-driven trading platform that always puts users first, understands this principle deeply. The team has always adhered to the product development philosophy of simplifying complexity, designing products that are easy for users to use while ensuring the security of user assets.
“With more and more new users using the copy trading function, OKX not only insists on innovation-driven development but also prioritizes the security of user funds. We have upgraded the transparency of Proof of Reserve (POR) to traditional financial audit standards, continuing to lead the industry in security and transparency. We strive to provide users with peace of mind and confidence,” said the responsible person at OKX.
Disclaimer: This article is a sponsored article provided by the contributor and is not affiliated with OKX. The article does not provide any investment, asset advice, or legal opinions and should not be considered as an offer to buy, sell, or hold assets. Any services, programs, or tools mentioned in the article are for reference only, and the actual content or rules will be subject to the announcement or explanation by the contributor. OKX does not assume any responsibility for any possible risks or losses. Readers are reminded to conduct their own careful verification before making any decisions or actions.