When Followers start to copy a Master Trader, they need to select the copy mode and set up their copy trade settings. For more information on how to start copying a Master Trader, or how to edit the settings, please refer here.
Here’s a detailed explanation and examples of each Copy Mode and Copy Trade setting.
SyncMaster
SyncMaster allows Followers to precisely mirror their Master Trader's CopyTrading parameters, aligning their Copy Trading experience with the expert's strategy and risk management.
If you see SyncMaster is now enabled status for your Master Trader, it means that this Master Trader has enabled Forced Sync features. Followers can no longer modify the Copy trading parameters for USDT perpetual trading. If Forced Sync is not enabled, Followers can modify CopyTrading parameters when they follow, and your settings will only serve as recommended parameters for the Followers. For more information, please refer to SyncMaster Features (Copy Trading).
Parameter Settings
Parameter |
Explanation |
Investment |
This is the total amount you will invest in copying this Master Trader. You may enter the amount according to your Bybit account balance and also choose which account balance to use such as a Derivatives Account, Funding Account, and so on. Generally, the minimum funds to copy is 50 USDT. However, the Master Trader may suggest or force sync his followers on the minimum funds required to copy him. |
Select Items to Copy |
You can select to copy Master Trader’s USDT perpetual trades or Trading Bot. If you have selected USDT perpetual trades, when Master Trader orders are executed, you will follow the signal to copy the trades. If you have selected Trading Bot, you will copy the parameters of the Trading Bots created by the Master Trader to achieve similar results. By default, copying existing Master Trader’s Bots is turned on, and you can adjust this in the advanced settings. |
More Settings (Optional)
Trading Bot
By default, the Copy Existing Bots is enabled. If followers choose to copy existing bots, the system will copy the parameters of the Master Trader's existing Trading Bots to achieve similar results. However, the below reasons may result in the existing bots not being copied.
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The market conditions have changed significantly after the Master Trader initially created the bot, and it is no longer suitable, those Bots will not be copied. For example, the entry price of the follower’s position created by the copied trading bot will be worse than the Master Trader’s. In this case, the Master Trader’s trading bot will deemed as not suitable to be copied.
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Followers have insufficient funds to copy the bot.
The system regularly checks and will copy the bot if the entry price for the position created by the trading bot is more favorable than the Master Trader’s or when followers increase their investment.
Please be aware that you are unable to select Copy Mode or configure parameters for the Trading Bot within Copy Trading. The trading bot is consistently copied using Smart Copy mode, which invests an amount in the copied trading bot based on a fixed ratio derived from the Master Trader’s order cost and available balance or the minimum investment amount required to create the bot, whichever is higher.
USDT Perpetual Trades
Copy Mode | ||
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Explanation |
Example |
Smart Copy Mode |
By choosing the Smart Copy Mode, Followers allow Master Traders to manage their portfolio risk, with a fixed ratio of position and optimized entry timing. The fixed ratio is calculated based on the Master Trader’s order cost and available balances. Followers will follow the leverage settings of the Master Trader. This is recommended for Copy Trading beginners. |
For example, the ratio calculated is 10% based on the order cost and the available balance of Master Trader. Assuming Follower B has 1000 USDT of available balance at the time of order execution, trade with an estimated order cost of 100 USDT will be copied. |
Advanced Copy Mode |
Followers can set the fixed margin for each copy trade on their own. Experienced users can select this mode to customize their order settings. |
For example, if you set a fixed margin of 100 USDT, the margin for each copied order will be 100 USDT. Followers can also customize their leverage settings. |
Parameter settings | ||
Parameter |
Copy Mode |
Explanation |
Fixed Margin |
Advanced Copy Mode (This does not apply to Smart Copy mode as the Follower’s order quantity is based on a fixed ratio.) |
Followers can enter an amount as the order cost for each order. For example, if you set a fixed margin of 100 USDT, the margin for each copy order is ±100 USDT. |
Leverage Settings |
Advanced Copy Mode
|
Three leverage settings are available:
|
Margin Mode |
Both |
Three margin modes are available:
|
Max. Position Margin Per Contract |
Both |
For Advanced Copy mode, the amount entered must be greater than or equal to the fixed margin per order. For Smart Copy Mode, the amount must be greater than zero. Once the position cost per contract reaches the set maximum position margin, it will automatically stop copying trades from the particular contracts. Please note that in extreme scenarios, if multiple orders are triggered and filled simultaneously, or if the next order about to be executed significantly exceeds the balance in the parameter value, it could potentially lead to a breach of the maximum position margin parameter setup. The excessive quantity of filled contracts will not be truncated, and investors should be aware of this potential risk. |
Max. Daily Position Limit |
Both |
For Advanced Copy mode, the amount entered must be greater than or equal to the fixed margin per order. For Smart Copy Mode, the amount must be greater than zero. Once the accumulated order cost in a single day reaches the maximum daily position limit entered by the Follower, it will automatically stop copying new open positions for the day. If there is still a remaining balance, and the amount is less than the fixed margin set per order, the transaction will still be executed with the remaining balance amount. |
Stop-Loss Ratio Per Order |
Both |
Once the loss of the user's order reaches the set Stop-Loss Ratio, the respective copy orders will be automatically exited immediately. If no settings are specified, the Stop-Loss Ratio defaults to 0%. Let's look at an example. Suppose Follower A uses a fixed margin to copy trades. The parameters of trade order A are as follows: Fixed Margin: 100 USDT (per order) Stop-Loss Ratio: 50%
Setting a 50% Stop-Loss Ratio implies that Follower A can take a maximum loss of 50 USDT for the order. If the position of Follower A loses 50 USDT, the Stop-Loss Ratio is triggered, and the stop loss for order A will be executed. If the Master Trader you are following closes the position before your stop-loss order is triggered, your stop-loss order will be automatically canceled. |
Take-Profit Ratio Per Order |
Both |
Similar to Stop-Loss Ratio Per Order, once the profit of the user's order reaches the set take-profit ratio, the respective copy orders will automatically be exited immediately. If the Master Trader you are following closes the position before your take-profit order is triggered, your take-profit order will be automatically canceled. |
Max. Slippage Per Order |
Both |
A copy order will not be initiated if the entry price deviates beyond either the default maximum slippage or the slippage threshold (Customize) set by the Follower, which is typically represented as a percentage difference from the Master Trader's order filled price. The default slippage varies from 0.5% to 1.5% for different trading pairs. For example, the maximum slippage per order set is 1.5%. If the market price of the copy trade order has exceeded 1.5% of the entry price of the trade initiated by the Master Trader, it will not be copied. A slight difference is possible due to the price fluctuations upon execution. Note: Setting a lower slippage can protect your copy trade's entry price, but it may increase the risk of copy order failure. As the Follower's order is executed as a market order, the filled price may drift beyond the maximum slippage limits due to market volatility. |
Perp Copy Stop Loss (PCSL) |
Both |
Perp Copy Stop Loss (PCSL) is designed to limit the risk of your copy positions when your accumulated losses with a Master Trader reach a specific amount. If you do not want to set any PCSL, you can leave the field empty. For example, you choose to copy a Master Trader and set a PCSL at 400 USDT. If the accumulated losses of your copy positions with the Master Trader reach 400 USDT, you will automatically unfollow the Master Trader. After which, your remaining positions will be managed according to your preferred PCSL settings: 1) Close all copy positions with the Master Trader at the current market price, or 2) Follow the Master Trader and exit when he closes his position. Please note that the PCSL will only measure the real-time total of realized PNL (Profit and Loss) + unrealized PNL as the criterion for triggering PCSL. Changes in equity resulting from profit sharing will not be included in the calculation. Therefore, when PCSL is triggered, investors may potentially recover an amount less than the estimated equity level displayed on the UI. |
Perp CopyGuard |
Smart Copy Mode |
CopyGuard is a feature that ensures Followers enter the market at a price that is not worse than the one entered by Master Trader. Otherwise, the trade will not be copied. Note: Due to slippage at the time of execution, the final execution price may be slightly worse than the Master Trader's price. This feature is disabled by default. |
Choose a Contract |
Both |
Followers can manually choose the contract they want to follow. By default, all symbols supported on Copy Trading will be copied. |
For more information, please refer to FAQ — Copy Trading.