Copy trading is a form of trading that replicates all actions of other traders.
I. How to Perform Copy Trading
1.Open the CoinP official website www.coinp.com and log in. From the top navigation bar, select [Contract], then choose [Copy Trading] to enter the CoinP copy trading page.
2.On the copy trading page, scroll up and down to view the trader list. You can filter traders by total profit and loss, return on investment, trade volume, etc., or search for a trader by nickname. Choose the trader you like and click [Start Copy Trading] to enter the settings page.
3.The copy trading settings page offers two methods for copying: [Fixed Amount] and [Leverage Copy Trading]
Fixed Amount: Invest the same amount of margin for each trade (For example, if you set the fixed amount to 100 USDT, you will invest 100 USDT as margin every time the trader opens a position).
Leverage Copy Trading: The amount copied is a multiple of the trader’s position size (For example, if you set the multiple to 3x, and the trader opens a position of 0.1 BTC, you will open a position of 0.3 BTC).
[Maximum Copy Trading Margin]
Set the maximum margin amount for the trader's position. The amount cannot exceed the specified limit. When the maximum copy trading margin reaches the set limit, copy trading will stop. Only when the total margin of the trader's position is below the set amount will copy trading resume.
4.In the [Advanced] settings, you can configure [Copy Stop Loss].
[Copy Stop Loss]
If the net loss of your current copy trading reaches the set amount, your position will be closed at the market price, and you will stop copying the trader. Due to market fluctuations, the actual net loss when copy trading is canceled may differ from the set value.
[Margin Mode] 、[Leverage] and [Copy Trading Pair] are set to follow the trader's settings by default.
After completing all settings, click [Start Copy Trading] to start copy trading.
II. My Copy Trading
1.On the CoinP copy trading homepage, click [My Copy Trading] to view the details.
2.[My Copy Trading]
(1)View the profit and loss of all your copy trades and the margin invested in the current copy trade.
(2)Switch between [Current Copy Trading] and [Historical Copy Trading]
(3)View the list of traders in the current copy trade and their profit and loss data.
(4)Copy trading details
3.[Copy Trading Details]
(1)View the profit and loss of the current trader, as well as the margin invested and the profit-sharing ratio.
(2)Switch to view [Current Position], [Historical Orders], and [Historical Positions] from the current copy trade.
(3)[Manage Copy Trading], modify the parameters or cancel the copy trade.
4.[Copy Trading Management]
(1)Modify the copy trading type (Fixed Amount or Leverage Copy Trading).
(2)If there is insufficient copy trading funds, you can adjust the funds through [Transfer] or [Deposit].
(3) [Margin Mode]:Default Follow Trader Settings.
(4)[Cancel Copy Trading], after confirming the cancellation, if there are positions, they will be closed at the market price, and the copy trading will be canceled.
III. How to Choose a Trader
1.Select a trader
(1)Filter suitable traders using [Total Profit/Loss], [Return on Investment], and [Trade Volume].
(2)Search for a trader by nickname.
(3)Click on a trader to view their details.
2.Trader's Detailed Information
(1)View the trader's information, trade volume, and profit-sharing ratio to decide whether to copy trade.
(2)Switch to view the trader's trade data, historical positions, and the profit/loss of copy trading users to determine if you should follow them.
(3)Check the trader's current positions to determine whether to copy trade.
Note: The conditions above should be judged according to your own situation; recommendations may not hold practical significance and are for reference only.