Lead traders: How do I carry out lead trades?
What does creating lead trade mean?
After you become a lead trader, you can continue carrying out trades on the regular trading page. If a trade involves one of your selected lead trade contracts, a signal will be automatically sent to traders copying you, and they’ll automatically copy the trade at the market price.
Lead traders can lead trades in spot copy trading, futures copy trading, and bots trading. You may access it by navigating through Trade > Bots & Copy > My lead trades and select the corresponding strategy to start leading trades. Currently, only Spot Grid, Futures Grid, and Futures Martingale bots are supported for lead trading.
Note: the Marketplace in the Trading page has been renamed to Bots & Copy. Please navigate to Trade > Bots & Copy to access this feature.
How should I manage lead trades?
Your lead trade orders will be shown in order management at the bottom of the trading page, and also in the lead trading section.
There are two display types for viewing lead trade orders, which are Detailed and Overview. The differences are as below:
Detailed: display all data broken down by individual orders.
Overview: show aggregated data for each contract type. Due to risk control reasons, the data of Overview display will also include data from orders that weren’t copied.
After a trader starts leading a trade, they can set the take profit and stop loss. To ensure a positive experience for copy traders, when setting a stop loss/take profit order price, or when closing a position, the lead trader can only use the limit price and custom close amount.
Estimated total assets in Bots & Copy only include bots assets and exclude lead trading positions.
How should I cancel lead trades?
In the app, you can cancel lead trades by navigating through Trade > Bots & Copy > My lead trades > Settings > Stop leading trades. Status of lead trades for spot copy trading and futures copy trading are required to be set up separately. Lead traders have the option to cancel both or to cancel either one and keep the another.
Can sub-accounts be used for lead trading?
Yes. Futures traders, spot traders, bots traders, and signal providers can all apply for lead trading eligibility using a regular sub-account — the main account doesn't need to hold trader status at the same time.
Lead trading status is independent between the main account and sub-accounts. Even if the main account is not a lead trader, a sub-account can apply for lead trading independently. A sub-account's lead trading settings are also fully independent from the main account and don't affect each other, including maximum copy trader limit, lead trading mode, profit-sharing ratio, daily open position limit, total open position limit, minimum asset requirement, and strategy protection.
In addition, when visiting a trader's profile page on the copy trading marketplace, a sub-account's lead trading data will be tracked and displayed separately.
Note: if a sub-account has unsettled pending profit-sharing, the system will temporarily be unable to delete that sub-account. Please wait until the profit-sharing has been fully settled before proceeding with deletion.