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.

Copy Mode

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

(This does not apply to Smart Copy mode as Followers will follow the Master Trader’s leverage.)

Three leverage settings are available: 

• Follow Trader's Leverage: Apply the same leverage as the Master Trader when copying orders. For example, if a Master Trader opens a position in BTCUSDT with a leverage of 100x, the same leverage multiple (100x) will be applied to your copy position. However, please note that the leverage may not be copied successfully if you have insufficient balance for the increased margin required for lower leverage. 

• Fixed Leverage: All trades will be copied based on fixed leverage. For example, if the fixed leverage is set to 5x, regardless of the amount of leverage used by the trader, your position leverage will remain at 5x.

• Custom Leverage: Customize your leverage for specific contracts. Assuming that you have positions in BTCUSDT and ETHUSDT, if the leverage is set to 20x and 10x, respectively, regardless of the amount of leverage used by the trader, your position leverages will remain as specified. 

Margin Mode

Both

Three margin modes are available:

• Follow Master Trader's Setting: You will use the same Margin Modes as the Master Trader, and different Symbols may have different Margin Modes, depending on the Master Trader's settings.

• Cross Margin: With cross margin, the entire available balance in the corresponding margin account will be utilized to meet maintenance margin requirements and prevent liquidation.  A hedging position is formed when both long and short positions are held on the same trading pair.

• Isolated Margin: With an isolated margin, a specific amount of margin, i.e. initial margin, is applied to each position, and the position margin can be manually adjusted as needed.

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.