How to copy the trading of experts in HTX contract? How to view the yield of copy trading

Copy trading on HTX lets you mimic expert trades automatically, ideal for beginners or busy traders, with tools to manage and monitor your investment performance.

May 07, 2025 at 06:00 am

Introduction to Copy Trading on HTX

Copy trading on HTX allows users to mimic the trades of experienced traders automatically. This feature is particularly beneficial for those who are new to trading or those who do not have the time to manage their trades actively. By copying the trades of experts, users can potentially achieve similar results without needing to understand the intricacies of the market. In this article, we will guide you through the process of setting up copy trading on HTX and how to monitor the yield of your copy trading activities.

Setting Up Copy Trading on HTX

To start copy trading on HTX, follow these detailed steps:

• Log into your HTX account: Ensure you have an active account on HTX. If you don't have one, you will need to register and complete the necessary KYC verification.

• Navigate to the Copy Trading Section: Once logged in, go to the 'Copy Trading' section on the HTX platform. This can usually be found under the 'Trade' or 'More' menu.

• Select a Trader to Copy: HTX provides a list of traders with their performance metrics, such as win rate, average return, and risk level. Choose a trader whose strategy aligns with your investment goals and risk tolerance. You can filter traders based on various criteria like performance, asset class, and trading frequency.

• Set Up Your Copy Trading: After selecting a trader, click on the 'Copy' button next to their profile. You will be prompted to set the amount of capital you want to allocate to this trader. Enter the amount you wish to invest and confirm the settings. You can also set parameters like stop loss and take profit levels to manage your risk.

• Review and Confirm: Review all the settings carefully before confirming. Once you confirm, your account will automatically replicate the trades made by the chosen trader.

Managing Your Copy Trading Positions

After setting up copy trading, it's important to manage your positions effectively:

• Monitor Your Trades: Regularly check the performance of the trader you are copying. You can do this by going back to the 'Copy Trading' section and reviewing the trader's recent trades and overall performance.

• Adjust Your Settings: If necessary, you can adjust the amount of capital allocated to the trader or change your stop loss and take profit levels. To do this, go to the 'Copy Trading' section, find the trader you are copying, and click on 'Edit'.

• Stop Copying: If you decide to stop copying a trader, you can do so by going to the 'Copy Trading' section, finding the trader, and clicking on 'Stop Copying'. This will close all open positions copied from that trader.

Viewing the Yield of Copy Trading

To view the yield of your copy trading activities on HTX, follow these steps:

• Go to the Copy Trading Dashboard: Navigate to the 'Copy Trading' section on HTX. Here, you will find a dashboard that displays the performance of all the traders you are copying.

• Check Individual Trader Performance: For each trader, you can see their overall yield, which is the total return on the capital you have allocated to them. This includes both realized and unrealized profits and losses.

• View Detailed Statistics: Click on a trader's profile to see more detailed statistics, such as the number of trades, win rate, average return per trade, and drawdown. These metrics help you understand the trader's performance and risk profile.

• Analyze Your Portfolio: The dashboard also provides an overview of your entire copy trading portfolio, showing the total yield across all traders you are copying. This helps you assess the overall performance of your copy trading strategy.

Understanding Key Metrics in Copy Trading

When evaluating the performance of traders on HTX, it's crucial to understand the following key metrics:

• Win Rate: This is the percentage of trades that result in a profit. A high win rate indicates that the trader is successful in picking winning trades.

• Average Return: This metric shows the average profit or loss per trade. It helps you understand the trader's profitability.

• Drawdown: Drawdown measures the largest peak-to-trough decline in the trader's account balance. It is an indicator of the trader's risk level.

• Risk Level: HTX categorizes traders into different risk levels based on their trading behavior. Understanding the risk level helps you choose traders that match your risk tolerance.

Tips for Successful Copy Trading on HTX

To maximize the benefits of copy trading on HTX, consider the following tips:

• Diversify Your Portfolio: Instead of copying just one trader, consider copying multiple traders with different strategies and risk levels. This diversification can help reduce risk and improve overall returns.

• Regularly Review Performance: Keep an eye on the performance of the traders you are copying. If a trader's performance declines significantly, consider stopping the copy trading or adjusting your allocation.

• Set Realistic Expectations: Understand that even the best traders can have losing streaks. Set realistic expectations and be prepared for fluctuations in your copy trading yield.

• Use Risk Management Tools: Utilize the stop loss and take profit features provided by HTX to manage your risk effectively. These tools can help protect your capital from significant losses.

Frequently Asked Questions

Q: Can I copy multiple traders at the same time on HTX?

A: Yes, you can copy multiple traders simultaneously on HTX. This allows you to diversify your copy trading portfolio and potentially improve your overall returns.

Q: How often should I review the performance of the traders I am copying?

A: It is recommended to review the performance of the traders you are copying at least once a week. This helps you stay informed about their trading activities and make necessary adjustments to your copy trading strategy.

Q: What happens if a trader I am copying stops trading on HTX?

A: If a trader you are copying stops trading, HTX will notify you. You can then decide to stop copying that trader or choose another trader to copy. Any open positions copied from the inactive trader will remain open until you close them manually.

Q: Is there a minimum amount required to start copy trading on HTX?

A: The minimum amount required to start copy trading on HTX varies depending on the trader you choose to copy. Some traders may have a minimum investment requirement, while others may not. Always check the trader's profile for specific details before starting to copy their trades.