December 12, 2024

Copy Trading and Bots 

If You Haven’t Read the First Article on Our Strategy and Spot Market Yet, Start There First

This will give you the full picture of how we approach trading.

In this article, I’ll explain how to connect what I consider the Best Trading Bot and Copy Trading Accounts on the Bitunix and BingX exchanges.


How Much to Allocate?

I typically allocate 20-30% of my portfolio to this strategy. Recently, though, I’ve been considering increasing the deposit for the bot, which generates 1-2% daily, once I close out a pending trade.


Lessons Learned from a Copy Trader

Here’s a story about a copy trader that reminds me of the risks of trading with leverage.

This guy initially doubled my deposit in just 10 days (turning $500 into $1,000). Sounds great, right? But yesterday, he opened a long position on Bitcoin with 99x leverage 😰—and used nearly the entire deposit for it.

Was it a good call?
In theory, yes. By morning, Bitcoin had hit $104K. But during a small correction, his position—and those of everyone copying him—was liquidated.

This highlights a crucial point about leverage: never risk more than 1-3% of your portfolio on a single trade.
If he’d stuck to this rule, he might have lost $50, or at most $100. Instead, he blew the entire $1,000 deposit.

That was an expensive lesson. Despite his apparent skills, I’ve completely removed him from my testing list. Even though by morning he’d grown a new deposit to $103K, I’m not interested in these kinds of roller coasters.


The Bot That Prints 1-2% Daily

I’ve shifted my focus to a bot on BingX (link to bot), which offers steady daily gains with minimal risk. I find this slow and stable approach much more appealing than risking everything for a quick double.


What Does 1% Per Day Mean?

To some, 1% daily might seem small. But experienced traders understand the value of slow, steady growth over time. Take a look at this kind of graph for an example:


Finding someone who can consistently make +1% daily is like finding gold. And the guy I mentioned above ultimately made more over the month.

Why? Because of compound interest.

Here’s the math:
If you start with just $1,000 and add +1% daily, by the end of the year, you’ll have $37,783. That’s 37x your initial investment! 😁

Now imagine if you could achieve +2% daily. In 365 days, that same $1,000 turns into $1.3 million.

That’s the power of compounding. 🚀

This is what it means to consistently make 1% daily

Play around with a compound interest calculator instead of acting like a hamster 😁


A Quick Reminder

When it comes to investments, trading, or any interaction with crypto, always think for yourself. I’m simply sharing my experience—it may not be perfect for everyone, but it works for me at the moment. So, analyze and make your own decisions.

Pay Attention to Risks:

  1. Never invest your last money into crypto.
  2. Ensure your security: Always enable 2FA protection on exchanges and wallets.

How We Selected Traders and Why We Chose Them

We analyzed:

  • Trading history
  • Profit-to-loss ratio
  • Performance over 30/90 days

Our goal was to filter out random traders who got lucky a couple of times. We ultimately chose those who consistently grow deposits.


Getting Started

You’re probably already registered on one of the exchanges I mentioned in the previous article. I use two exchanges—Bitunix and BingX—because the traders I copy trade on both platforms.

Let’s start with the first one. I’ll show you how to proceed using the mobile app (the desktop version has the same menu names, so it’s easy to follow there as well).

  1. Open the Bitunix App
  2. Go to the Main Menu
  3. Click on Copy Trading.

From here, we’ll explore how to connect with the best-performing traders. 🚀

Next, click on the search icon (magnifying glass) and enter the names of the traders you should follow.

I’ll provide you with a curated list of traders that have demonstrated consistent performance, ensuring a stable growth of your deposit. 🚀

Example: How to Search for a Trader

Next, click Copy on the trader’s profile. Here’s what you’ll see:

  • Followers: For example, the trader has 500 followers.
  • Profit in 30 Days: For instance, +380%.
  • Winning Trades: 104 positive trades.
  • Losing Trades: 28 negative trades.

Set Up Simple Copy Trading Settings

  1. Allocation Amount:
    Decide how much of your balance you want to allocate to copying this trader. Start small (e.g., 10-20% of your deposit) to minimize risk.
  2. Stop Loss (Optional):
    Set a stop-loss limit to prevent large losses. For example, if you allocate $500, you can set a stop loss at $450, meaning trades will stop if the balance drops below this level.
  3. Daily Trade Limit (Optional):
    Limit the number of trades per day if the trader has a high volume of trades and you prefer fewer transactions.
  4. Maximum Single Trade Amount:
    Cap the maximum amount allocated to any single trade, reducing exposure to high-risk trades.
  5. Leverage Settings (Optional):
    If the trader uses leverage, choose whether to match their leverage or set a lower one for safer trading.

Once these settings are configured, click Confirm, and the system will start automatically copying this trader’s trades. You’re now part of their strategy—sit back and monitor the results! 🚀

List of Traders I Follow on Bitunix

These traders successfully passed the risk management test during the massive crypto squeeze on December 10, when a record number of positions were liquidated (the highest since 2021). These traders either avoided trading during this period or managed to come out with a profit.


Traders:

  1. Fibbearacci
  2. g98

These traders have demonstrated excellent performance under extreme market conditions, making them reliable for copy trading. 🚀

Setting Up Copy Trading on BingX

To get started with copy trading on BingX, follow these steps:


1. Open the BingX App

Log into your account and navigate to the Copy Trading section from the main menu.


2. Search for Traders

Use the search icon (magnifying glass) to find the traders you want to follow.

  • For example: Fibbearacci or g98 (if they trade on this platform as well).
  • Alternatively, explore the list of top-performing traders displayed in the app.

3. Analyze the Trader’s Profile

Before following a trader, review these key metrics:

  • Profit in 30/90 Days: Evaluate their average returns.
  • Winning Rate: The percentage of successful trades.
  • Risk Level: Check their trading style (low-risk or high-risk).
  • Follower Count: Indicates their popularity and trust level.
  • Trading History: Look for consistency and minimal losses during volatile periods.

4. Click "Copy"

Once you’ve selected a trader, click the Copy button on their profile.


5. Set Copy Trading Parameters

Adjust the following settings to match your risk tolerance and trading goals:

  1. Amount to Allocate:
    • Set the amount of your balance you’re willing to invest in copying this trader.
    • Example: Allocate 20-30% of your portfolio.
  2. Stop Loss:
    • Set a stop-loss limit to protect your funds. For example, stop copying if your allocated funds drop by 10-20%.
  3. Daily Trade Limit:
    • Limit the number of trades per day to manage exposure and trading fees.
  4. Leverage (Optional):
    • Choose whether to copy the trader’s leverage or set a lower one for safer trades.
  5. Profit Sharing:
    • Some traders may charge a profit-sharing fee. Ensure you’re comfortable with their terms.

6. Confirm and Start Copying

Once all parameters are set, click Confirm to begin copying the selected trader. Trades will automatically replicate in your account, and you can monitor their performance in real time.


By following these steps, you’ll have a well-optimized copy trading setup on BingX. 🚀 Happy trading!

List of Traders I Copy on BingX

Here are the traders I currently copy on BingX, along with my observations about their strategies and performance:


1. https://bingx.com/int/0c2c8E

  • Top in My Rating:
    This Asian trader uses a brilliant averaging strategy. He almost always exits trades with +2% profit.
  • Key Features:
    • Grows steadily with very low risk.
    • 55,000 people copy his trades—and for good reason.
    • Likely uses a bot that averages trades on a single coin until achieving +2% on a portion of the deposit.
  • Performance:
    • +56% over the last 30 days, with minimal risk.
    • A consistently growing chart with all trades closing in profit.
  • My Action:
    • I’ve allocated $1,000 to test his strategy and plan to increase it to $50,000 soon.
  • Note:
    We’re currently analyzing his strategy and coding modified bots for similar results, which we’ll launch on Bitunix soon. I’ll update you in the channel.

2. https://bingx.com/int/3Unb4G

  • A Very Conservative Trader:
    Focuses solely on Bitcoin with a meticulous approach.
  • Key Features:
    • +15% over the last 30 days.
    • A unique strategy that captures small, consistent profits.
    • 958 trades, with only 1 loss.
  • My Action:
    • I’m observing his strategy closely before increasing my allocation.

Traders Under Testing:

These traders have different risk levels, and I recommend conducting your own analysis to determine suitability. For example, some might double a deposit but also risk a significant portion of the portfolio in high-risk trades.

  1. https://bingx.com/int/15Y4q2
  2. https://bingx.com/int/482DdF
  • My Action:
    • I’ve allocated $100-$500 to each for testing and will monitor performance.

Monitoring Your Results

  • Go to the "My Trades" menu in BingX to track performance and adjust your settings if needed.

Conclusion

Your money machine is now set up and ready to run! 🚀 Stay tuned to our trading channel for updates on new traders, rebalancing existing portfolios, or any significant changes.


Next Article:

Futures Trading – How to Follow Our Entry Points

https://teletype.in/@aitraders/22CX9CQn5rc

For any questions, reach out to @whaleoftg. Wishing you a successful bull run and profitable trades! 🚀