Simplifying Complexity: Enhancing Trading Efficiency through Understanding OKX Smart Copy Trading Mode
Copy trading is a popular trading strategy in the cryptocurrency field that allows investors to replicate the actions of successful traders in the hopes of achieving similar investment returns. Nowadays, many trading platforms offer copy trading functionality to meet the needs of users.
As the trading platform with the most comprehensive copy trading features and the most complete copy trading ecosystem in the current market, OKX announced a major upgrade to its copy trading functionality on March 4th, aiming to provide users with a more intelligent trading experience. The core of this upgrade is the introduction of a new smart copy trading mode, which allows users to easily engage in copy trading.
Contents:
Toggle
I. Overview of the Core Functions and Advantages of Smart Copy Trading Mode
II. How to Use Smart Copy Trading Mode?
III. Rooted in the Essence of Trading, Establishing a Comprehensive Copy Trading Ecosystem
I. Overview of the Core Functions and Advantages of Smart Copy Trading Mode
Smart copy trading is a more efficient and convenient new mode of OKX’s contract copy trading product. As we all know, OKX’s contract copy trading function mainly provides contract traders and copiers with the most user-friendly, simple, and transparent user experience, maximizing the profits and win-win situations for both contract traders and copiers. Users will be able to directly engage in contract trading by following professional traders without the need for manual opening and closing of positions or constant monitoring.
Advertisement – Continue reading below
The introduction of smart copy trading mode aims to lower the threshold for users to engage in contract copy trading. Specifically, smart copy trading mode is a new copy trading mode that automatically calculates the investment amount based on the trader’s fund allocation and sets the order parameters accordingly. When a user follows an opening position, the platform will calculate the order amount for the user based on the ratio 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 5x leverage in a long position on BTCUSDT perpetual contract, the fund allocation ratio is 10%. If a copier invests 1,000 USDT, the platform will automatically allocate 100 USDT (1,000 USDT × 10%) as the copier’s position cost for a 5x leverage long position on BTCUSDT perpetual contract.
Currently, smart copy trading supports setting the investment amount for one-click copy trading. Users do not need to set complex parameters and can rely on traders to manage position risk and returns, making it easy and efficient to achieve profitable copy trading. This mode is simpler than the previous custom copy trading mode, requiring only two steps to start the journey of making money. After selecting a preferred professional trader, investors only need to set the investment amount (minimum of 100 USDT) and click the “Copy Now” button to complete the copy trading setup. This innovative design significantly reduces the threshold for contract copy trading. Even beginners who have no knowledge of copy trading parameters can easily achieve one-click copy trading and stable profits.
In summary, the main advantages of smart copy trading are as follows:
One-Click Copy Trading: Users only need to enter the investment amount to engage in copy trading with just one click, without the need to set other complex parameters, truly achieving convenient and efficient copy trading.
Intelligent Investment with Risk Control Synchronization: The platform automatically calculates the order amount for copiers based on the trader’s fund allocation, ensuring consistent leverage and margin mode between the two parties, allowing traders to better assist copiers in risk control and profit management.
Position Isolation: Manual trading and copy trading positions are isolated, reducing the impact of copy trading on manual trading.
Fund Isolation: Dedicated funds to reduce the excessive leverage risk that may arise from following multiple traders with the same funds.
Furthermore, the copy trading user center on the OKX platform has been upgraded, adding the copy trading details and earnings details sections to provide users with more intuitive trading data display and earnings structure. Users can easily view detailed trading data for each trader they follow and understand their own earnings composition. This upgrade aims to enhance the user experience and make it more convenient for users to manage and analyze their own trading data.
“The launch of the smart 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 a more relaxed and secure copy trading experience. The new feature simplifies the operation process while strengthening risk management, meeting the individual needs and risk preferences of different users. This upgrade is a major improvement to the existing copy trading ecosystem, allowing more users to enjoy secure and efficient copy trading services,” added the product manager of OKX.
II. How to Use Smart Copy Trading Mode?
After explaining the core functions and advantages of OKX’s smart copy trading mode, let’s focus on how to establish the smart copy trading mode as a user. Here is a simple guide for 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 setup.
Step 2: Choose the copy trading mode: Smart Copy Trading.
Step 3: Set the copy trading parameters:
– Investment Amount (USDT) (required): The total investment amount dedicated to following the trader (minimum of 100 USDT), which will be isolated in the trading account.
– Copy Position Immediately After Following:
When enabled, if the trader currently has an open position, it will be immediately replicated at market price based on the fund allocation ratio upon following. When disabled, the trader’s current position will not be copied, and following will wait for the trader’s next order.
At this point, you can check the trader’s profile page to assess whether the copy position will be immediately replicated.
– Copy Stop Loss: The maximum acceptable loss amount for following the current trader. When the set stop loss amount is reached, the system will automatically stop the copy trading and process the remaining positions according to your settings.
Step 4: Click “Copy Now” and confirm that 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 dashboard and click “My Copy Trading” to view the copy trading earnings and other details for each trade they have followed. They can also click “Manage” on the “Copy Trading Details” page to adjust the investment amount, modify the copy stop loss setting, or cancel following the trader.
Currently, OKX’s copy trading mode is the most comprehensive in the market. Users can choose the smart copy trading mode based on their investment preferences, or they can use the familiar custom copy trading mode. Unlike the smart copy trading mode, the custom copy trading mode allows users to choose fixed amount or proportional copy trading, giving them control over risk and returns and increasing capital utilization.
III. Rooted in the Essence of Trading, Establishing a Comprehensive Copy Trading Ecosystem
In fact, whether it is the copy trading ecosystem or other product matrices, OKX has always adhered to the fundamental principle of putting users first when building its product system. Currently, OKX’s copy trading ecosystem is at the forefront of the industry and mainly consists of three categories: contract copy trading, spot copy trading, and strategy copy trading.
The upgrade of the smart copy trading mode mainly refers to the upgrade of the contract copy trading product. Currently, the contract copy trading product includes two main modes: smart copy trading mode and custom copy trading mode. Smart copy trading mode allows users to rely entirely on traders to manage position risk and returns, enabling users to easily and efficiently achieve profitable copy trading. On the other hand, the custom copy trading mode is the classic copy trading mode on the OKX platform, which supports users to follow multiple traders with the same funds and customize their own copy trading investment, leverage, and other parameters, achieving extremely high capital utilization. Users can choose the copy trading mode that suits them based on their preferences and experience.
Spot copy trading mode is a combination of OKX platform’s selection of high-quality traders and the automatic replication of their spot trading positions, allowing users to easily capture trading opportunities without the need for constant monitoring. It is suitable for both novice users and experienced investors. Contract copy trading is similar to spot copy trading and can be understood as leveraged spot copy trading.
Strategy copy trading is a copy trading system established by OKX in the strategy marketplace, where top-level strategy providers are selected by the platform. Users can execute strategy copy trading with just one click, automatically following trigger and stop orders, and easily grasp the best timing to enjoy the benefits of strategy trading. Currently, strategy copy trading supports grid-type and martingale-type strategies.
In essence, regardless of the type of copy trading product, the goal is to help more investors maximize their profits. OKX, as a technology-driven and user-centric trading platform, 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. “More and more new users are using the copy trading feature, and while OKX insists on innovation, it also prioritizes user asset security. We have improved the transparency of Proof of Reserves to traditional financial audit standards, so as to continue leading the industry in security and transparency. We aim to provide users with peace of mind and confidence,” said the responsible person.
This content is for reference only. This content does not intend to provide any investment, tax, or legal advice and should not be considered as an offer to buy, sell, or hold virtual assets. Holding virtual assets, including stablecoins, carries higher risks, and market volatility may be greater. You may even lose the entire value of your assets. You should carefully consider whether you are suitable for trading or holding virtual assets based on your financial situation and risk tolerance. OKX will not provide any investment or asset advice. You are solely responsible for your investment decisions, and OKX will not be liable for any losses. Past performance does not guarantee future results. If you have any questions about your specific situation, please consult your legal/tax/investment expert.
OKX
Further reading
The Best Exchange OKX! Alvin’s Experience with BRC-20 Wallet: Identifying Pain Points and Promoting Bitcoin’s Ecosystem
OKX Takes the Lead in Integrating Uniswap Labs API into OKX DeFi, Launches OKX DEX for Intent-Centric Trading
