COPY TRADING TUTORIAL
Copy trades from experts automatically with the ProfitTradingApp Copy Trading Service.
Trade automatically copying the best traders or just learn from them to create your strategy.
It's really easy to use, you just need to follow these simple steps:
1. Create a Binance account and make a deposit.
2. Create your Binance API Keys
3. Choose the Master user you want to copy
4. Define the copy parameters, like how much USDT you want to use per trade.
That's all, start making profits copying from the best traders now!
1. CREATE A BINANCE ACCOUNT
If you already have a Binance account, you can skip this step.
To create a Binance account you can follow the following link:
You need to complepte the Binance KYC process. It's a quick process, it won't take you long.
Now you need to make a deposit to fund your account. It's recommended to start with at least 50$.
Once you have your Binance account created and funded, you can go to the next step.
2. CREATE YOUR BINANCE API KEYS
To connect your Binance account with your ProfitTradingApp account you need to create your API Keys.
Press the following link to see a tutorial about how to generate them.
1. Select Account and choose API Management. Then choose System generated.
2. Set a name for your API Keys, for example ProfitTradingApp.
3. Complete Authenticator and email validations.
3. Enable all the Trading permissions as shown in the image.
4. Select Restrict Access to trusted IPs only and set the IP List that you can find in the Settings section in ProfitTradingApp
5. Write down and keep your API Key and API Secret. You will need them later.
3. CHOOSE A MASTER TO COPY
In the Ranking section, you can find a ranking with the top profit traders. You will find some stats about the trader, including Profit, ROE, Total Trades and Win Rate.
The trades rounded by a yellow line require a premium subscription to be copied, the rest are free to copy. Feel free to check their Last Orders and Positions.
You can see the Last Orders:
You can also see the Open Positions:
You can also see the Closed Positions:
If you want to copy any other user that is not in the ranking, you can press the "Search" icon.
In the form, set the user API Master Id.
When ready, press the Copy button and you will see the create copier form explained in the Section 4.
The user alias is generated by an IA to preserve traders anonymity.
4. DEFINE THE COPY PARAMETERS
When you press Copy on a Master trader or press Add Copy on the MyCopies section, you will see the following form:
You can configure your copy trading service with several parameters including the following:
Alias: Set your alias to identify the copier instance.
Master to copy: The Master user you want to copy.
Trading Mode: Choose if you want to copy Spot or Futures.
Virtual Copy: The trades will be done with virtual funds without using real money. A fixed amount of virtual $10 will be used for trades.
Amount Per Trade: The amount you want to use for each open trade. You can choose a fixed amount, a percentage amount from your wallet or use the same percentage that the master used.
Max total fiat to use: The maximum amount of fiat to be used, including all the trades.
Max open positions: The maximum number of positions that can be open at the same time.
Max total loss: The maximum loss for your trades. When reached, all the positions will be closed.
Max loss per position: The maximum loss for a single position. When reached, the position will be closed.
Leverage: Choose the leverage to use per order. It can be either fixed or copy it from the master.
Cancel unfilled at close: Enable it to cancel all the non filled orders when the master creates a close order.
Copy when master order is filled: Enable it to create a market order once the master order is filled. If disabled, the orders will be created just when a master order is created.
API Keys: Needed to create the trades in your Binance account. Explained in the section 2.
Once configured, press save and your copy service will be ready.
You can create several copiers. The app will show you the stats for each copier, including Total Profit, ROE, Open Profit, Win Rate and number of trades.
For every copier you can check the Last Orders and Positions details.