How to Copy Trade

How to Copy Trade

1. Entry to Copy Trading

Visit the homepage of MyToken and find the Copy Trading section by clicking on “Copy Trading Project List”. Here, you’ll find all the copy trading projects initiated by Lead Traders. You can choose projects to copy based on your own preferences.


Click on the brief of a single project to proceed to the details page of the project. On the details page, click on the “Copy Trade” button to initiate copy trading.

Click on the button at the top right corner of a single project to quickly initiate copy trading.


Note: Styles of Copy Trade buttons:

• Free Copy Trade: Click to copy trade for free

• Invitation Code Copy Trade: Requires an invitation code from the Lead Trader to copy trade

• Full: Indicates that the quota for this copy trading project is full

2. Copy Trading Operations

Copy trading operations consist of two steps:

2-1. Accessing Your Trading API

2-2. Selecting Copy Trading Types

 

2-1. Access Information Setting

Depending on the exchange you are accessing, the current platform supports two access methods:

• API Access Method

• OAth Access Method

API Access Method Instructions

If the exchange you choose supports API access, you can refer to the following instructions:

Set Account Name (to distinguish multiple accounts of the same exchange)

Set API Information (paste the API Key and API Secret you created on the exchange into the corresponding input boxes)

Obtain IP Whitelist Addresses (some exchanges require you to provide an IP whitelist, which you can copy here and paste into the API whitelist settings of the exchange)

Important Reminder:

When creating an API on the exchange

• If the trading platform requires a trading whitelist, you must bind an IP whitelist

• Check the “Allow Contract Trading” permission on the trading platform

• After completing the above operations, you can start copy trading on MyToken

OAth Access Method Instructions

If you choose a copy trading project that uses the OAth authorization method, please follow the process below:

Select the exchange and click the “Authorize Access” button on the opened page

You will be redirected to the exchange page where you need to complete the authorization operation

After successful authorization, return to the MyToken page

2-2. Copy Trading Information Setting

After completing API or OAth authorization, you can start setting up your copy trading information.

MyToken currently supports two copy trading modes:

Leverage Ratio Copy Trading

Value Ratio Copy Trading

Leverage Ratio Copy Trading Setting Instructions

In this mode, the amount of each copy trade is determined by the following ratio.

You can set your follow ratio according to your situation to start copy trading.

Value Ratio Copy Trading Setting Instructions

In this mode, you can set the amount of each copy trade, and the system calculates the opening value based on the position value and follow ratio.

About Take Profit and Stop Loss

In the settings of the above two copy trading modes, you can choose to set your take profit or stop loss information.

Set the take profit or stop loss amount for this project.

Note that the amount you set here triggers market liquidation when your total assets in copy trading exceed the set take profit amount or fall below the stop loss amount.

3. Start Copy Trading

After completing the “Access Information” and “Copy Trading Information” settings, you can start copy trading.

You can check your copy trading data in “My Copy Trading”.

Disclaimer

This article is for reference only and does not represent the views of MyToken. This article does not intend to provide:

Investment advice or recommendations.

Solicitations or offers to buy, sell, or hold digital assets; or financial, accounting, legal, or tax advice.

Holding digital assets (including stablecoins and NFTs) involves high risks, which may fluctuate significantly or even become worthless.

You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation.



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