Copy Trading Mechanism

BiKing’s order-taking and follow-up mechanism:

1. Only when the margin of the order leader is greater than 1U will the order be copied. It also supports full-position and position-by-position copying;

2. After the order leader becomes a trader, the contract balance is no less than 500U to start placing orders;

3. In order to protect the interests of users, BiKing’s follow-up mechanism is a perfect follow-up mode. If the copying user performs any operation on the position while copying the position, the order leader will be separated from the copying relationship;

4. The order leader is entitled to a commission of 12% of the net profit of the user's order (profit amount - position handling fee), which will be refunded upon closing the position.

Example: After Trader A closes his position or takes profit

4-1) The profit of following user A’s order is 100U, and the position handling fee is 5U, then (100-5)*0.12=11.4U (the trader shares the profit with the order)

4-2) The profit of following the order of user B is 200U, and the position handling fee is 8U, then (200-8)*0.12=23.04U (the trader shares the profit with the order)

Introduction to the order process and configuration of the merchandiser:

1. To follow an order, you need to transfer the funds from the contract account to the follower account (as the total assets of all copies). Because the follower defaults to the isolated position mechanism, it ensures that the follower user wants to make a full position order in the contract at the same time, which can be synchronized. Transactions are not affected.

2. There are two types of documentary amounts:

2-1) Fixed amount: Enter how much you want to follow per order, the minimum order is 5U. If a trader adds a position, the subsequent adding amount will be calculated based on the margin ratio of the trader and copier who opens the position for the first time (for example: a trader who opens a position for the first time has a margin of 10U, and the copier has a margin of 5U. The margin ratio is 10/ 5=2 times, if the trader increases the position by 50U, the copier will automatically follow and increase the position by 25U if the balance is sufficient);

2-2) Following ratio: You can enter 0.1-10 times the amount of each order to follow. If the copying user sets 2 times the following amount, the leader will open 10U, and the copying order will trigger a 20U margin. If the trader increases the position, the position will still be increased simultaneously according to the multiple set by the trader;

3. Users who follow orders can set their own take-profit (default is up to 5000%) and stop-loss (default is 90 for each position). It is not recommended to set the stop-loss too low to avoid taking the position of the order follower to make profits. Stop loss directly;

4. For traders to follow the margin, enter the total margin required to follow this transaction so that the system can determine how many follow orders can be triggered at the same time. It also ensures that copying users can follow multiple traders at the same time to plan and protect copying assets.

Warm reminder: Trader commission sharing is limited to the order leader and the follower. The platform does not charge any follower fees. If there is an abnormality, traders should contact the official customer service of BiKing in time to handle the complaint.

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