Dear Nami community,
In order to provide more convenient trading tools for users, Nami Exchange officially launched the Copy Trade product from 2024-04-03 08:00 (UTC).
Copy Trade is a trading strategy in which a trader copies trades made by another trader (usually called pro trader / master / expert) in the market. The goal of Copy trade is for that trader to have the same position as the Master they are copying and enjoy trading profits without actively manipulating the order. The trading Master will also receive a profit share from his/her copiers.
When launched, Copy Trading on Nami Exchange will support Futures trading contracts of assets: BTC, ETH, BCH, XRP, EOS, LTC, ETC, LINK, ADA, BNB with per position parameters follow the General Trading Rules for each trading pair. This list will be continuously updated over time.
The following article will provide useful information and detailed instructions on using the Copy Trade product for Copiers.
Basic information
1. Copy mode:
There are 2 copying modes in Copy Trade, including: Position Ratio and Per Order.
For example: If the Master Copy Trading account has a balance of 1,000 USDT and uses 30% of the balance, or 300 USDT as margin, with x5 leverage to open a Long BTC/USDT position , Copiers will also use 30% of their balance (say 100 USDT), or 30 USDT as margin with x5 leverage and open a corresponding Long BTC/USDT position.
For example: If the Copier sets the margin for a fixed copy trade to 10 USDT and the Master goes long on BTC/USDT, the system will go long on BTC/USDT for the Copier with a margin of 10 USDT regardless of the rate of the Master's margin/balance.
2. Important notice for Copiers
For example: Master opens original order with Volume 10,000 USDT, then Adds Volume at 90,000 USDT, bringing the total Volume of the position to 100,000 USDT. At that time, the user will be automatically asked to open an Add volume order at a volume level x9 compared to the original order volume. In case the user's balance is no longer sufficient for new order margin, the Add Volume order will not be executed.
(*) The first version of the Copy Trading product will fix the sharing rate for Masters and his/her referral system at 10%
3. Profit shares calculation formula for Copy Trade Masters
For each completed copy trades, the system will automatically calculate the Accumulated Profit (including trading fees calculated in the underlying asset or converted from fees calculated in other types of assets)) and retain a certain percentage of this profit. When finalizing at 17:00 every Sunday (UTC), the above profits will be transferred to Masters and his/her referral system.
For example:
Assuming the Master's profit share is 10%, the copied orders during the week have Profit as follows:
At settlement time of 17:00 next Sunday (UTC), the system will transfer 120 USDT to the Master and the Master's community partner system.
Detailed instructions
1. Copy a Master
Step 1: Access the “Copy Trade” feature
On mobile app: From the “Services” interface, select Copy Trade icon
On website: Select "Product" sections, click "Copy Trade"
Step 2: Select the Futures product you want to copy
Step 3: Select Underlying Asset
Step 4: Select the Trading Master you want to copy
Step 5: Select the mode you want to copy
Step 6: Choose trading pairs (If desired)
Step 7: Select “Copy"
2. View detailed trading performance of each Master
From the Copy Trade interface, users can also click on each Master to monitor the Master's trading performance
Trading performance details will show many parameters in the form of charts and figures, such as ROI, Profit, Trading data and a list of users who are copying experts
3. Edit copy settings
Step 1: Access My Masters interface
Step 2: Select the Trading Master you want to edit copy settings, select “Edit"
Step 3: Edit parameters of copy mode, margin, safety settings, trading pairs... and select "Save"
4. Stop copying
Users can stop copying a Masters by going to My Masters, clicking on Master details and "Stop Copying", then "Confirm"
Note: All images used in the article are for illustration purposes only and may not represent the latest product interface.
Further information:
Best Regards,
Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Nami. All trading strategies are used at your discretion and your own risk. Nami will not be liable to you for any loss that might arise from your use of Futures.
About Nami Exchange
Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of more 1000 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.
___
Website: https://nami.exchange/
Download Nami Exchange app here.
Nami’s community: