Contract documentary F&Q
HotcoinFrequently Asked Questions for Traders
Q: When will my bonus be distributed?
A: The profit distribution will be settled when the merchandiser has no position association with you, and will be automatically distributed to your contract account at 10:00 the next day after settlement. the
Q: How is my share profit calculated?
A: Profit sharing amount = total profit amount (deducting handling fee) * profit sharing ratio following the user's liquidation. If you have multiple orders, including loss orders, it will affect your profit sharing. The actual amount is subject to the amount received in the account.
Q: How is my rate of return calculated?
A: Yield rate = the sum of the realized profit and loss of the closing order/the sum of the margin of the position of the closing order; if you have a position margin of 90U for one order, the profit of closing the position is 20U, and the margin of another order is 10U, and the profit of closing the position is 5U. Then your rate of return = (20+5)/(90+10)=25%.
Q: Why some merchandisers did not keep up with my order?
A: Insufficient funds in the copy account; the trading pair that the trader opens the order is not selected; the copy position exceeds the maximum position of the currency pair, all of which will lead to the inability to copy the order.
Q: How to apply for trader status?
A: Click "Become a trader" on the homepage of the documentary, and the staff will review it within 1-3 working days after submission.
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Q: How to modify nickname?
A: Contact customer service to modify
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Q: How to cancel the trader status?
A: Please contact online customer service to apply, and the staff will cancel it for you within 1 working day.
In order to protect investors, Hotcoin traders who bring orders need to apply. After passing the review, they can bring orders and get profit sharing.
The following is the operation process and precautions.
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Step 1: Enter the "Documentation" page from the official website/APP homepage
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Step 2: Click "Apply with Bill" to enter the application page
Step 3: After the application, there will be a commissioner to review
Note:
1. When there are currently following traders, the application is not allowed and the following needs to be cancelled;
2. When the current contract has a position or entrusted order, the application is not allowed, and the position needs to be closed or the order is cancelled;
3. If the audit is rejected, you can follow the trader
Step 4: After the review is passed, you can enter the "My Orders" page "Initialization Settings for Copying Orders"
Enable the conditions for bringing orders:
1. There are no open positions and entrusted orders in the current contract
2. The available balance of the contract account is ≥ 500 USDT
3. Currently not copying other traders
4. It is currently a two-way position holding mode
Step 5: After initializing the copy order settings, you can start the copy order
Step 6: On the contract transaction page, select the currency pair with orders to open, and you can bring orders after trading
Note:
1. Traders must use two-way positions
2. As a trader, you can only open positions at the market price, and limit orders and plan orders are not allowed
3. After opening a position as a trader, you can set the position stop loss, or choose to close the position at the market price, and do not support price limit stop loss and limit liquidation
Step 7: At the same time, you can view the current order information on the "My Order" page, including follower information and manage follower users
Step 8: Choose an appropriate point to close the position. If the follower has profit after closing the position, it will be distributed to the trader according to the current profit sharing ratio of the trader. View the profit sharing information on the page
other instructions:
1. Traders need to pay attention to their own transaction data, which will affect the ranking information of traders on the copy home page
Among them: the number of yield/income/profit and loss transactions, only the closed orders are calculated
2. Each trader can follow up to 50 people, and you can choose to remove followers on the "My Followers" page
Note:
a. The user currently follows the order or has traded in this copy order and cannot be removed. Only users who have not traded this time can be removed.
b. After the withdrawal, if the trader follower has vacancies, the user can still continue to choose to follow
3. Hotcoin has the right to cancel its trader status. After the cancellation, the current contract order will not be affected, but the profit sharing will not be settled after the position is closed.
4. Traders can reduce risk by increasing the margin at any time: in the cross-margin mode, they only need to transfer assets to the contract account; in the isolated-margin mode, they can also directly increase the position margin
Follow-up user FAQ
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Q: Why didn't I keep up with the order?
A: Insufficient funds in the documentary account; the trading pair that the trader opened the order has not been selected. the
Q: Why do traders make profits but I lose money? Why is my rate of return different from that of a trader?
A: There are several possible reasons:
1. Since it takes a certain amount of time to synchronize order information, when the market fluctuates greatly, there may be a certain difference in the opening and closing prices of traders and copy users;
2. If the trader increases the position, the copy user may fail to increase the position, the reason is the same as the failure of the copy;
3. If a trader increases a position, the amount of each increase may be different. If a copy user sets a fixed margin, the average price of opening a position will be inconsistent with that of the trader.
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Q: How to calculate and distribute the profits to traders?
A: The total profit of the trader's order (deducting the handling fee) * profit sharing ratio of the day will be used as the trader's profit sharing, which will be automatically deducted when each order is closed. The actual amount is displayed on the "My Copy" page "Traders are divided into" data shall prevail.
How to become a merchandiser
Step 1: Enter the "Documentation" page from the official website/APP homepage
Step Two: Choose a Trader
1. Directly search for the nickname of the trader you want to follow
2. Refer to the relevant information in the trader's hall to choose by yourself
3. Click on the trader information location to enter the trader details page
Step 3: Select the ideal trader, click Copy to enter the copy setting page
1. Documentary contract: This shows the currency pairs that the trader is allowed to follow orders, and you can select the currency pairs that are copied, and the unselected currency pairs will not automatically follow the order
2. Position type: follow the trader
3. Leverage: You can choose low leverage; you can also choose to follow the trader's leverage for each order
4. Copying method: It is the margin amount for each opening position. You can choose a fixed amount, which needs to be within the range of 10-1000 USDT; you can also choose to open a position with a fixed multiple of the trader’s position value, which needs to be within the range of 0.1-10 times
5. Documentary principal: It is all the principal of following the trader. After confirmation, the corresponding amount will be automatically transferred from the contract account to the following sub-account of the trader.
6. Take profit and stop loss ratio: After following the trader's account equity to reach the corresponding stop profit and stop loss ratio, all positions will be automatically closed at the market price and the following will be canceled (stop profit and stop loss are not enabled by default)
7. Start copying: the next time the position is opened or after the trader has no position
Step 4: After the setting is complete, you can view the current follower traders on the "My Copy" page, and currently does not support modification of copy information
1. Additional follow-up principal: the principal of following the trader can be increased, and the reduction is not supported for now
2. Fund transfer: In the asset-documentary account, the transfer of assets in the documentary account of each trader is supported, and the transfer out is not supported for the time being.
Step 5: Start copying the order and enjoy the benefits
Note:
1. If you choose to start the next position opening, regardless of whether the trader currently has a position, the next time the trader opens/increases the position will automatically follow; if you choose to start after no position, it will only automatically follow the new open position follow.
2. Follow traders to automatically open and close positions, all executed at market prices
3. After following the trader to open a position, the user can also close the position by himself
4. When the preset take profit and stop loss ratio is reached, the position will automatically stop profit and stop loss. If cancel copy order is enabled, the copy order will be canceled after the stop profit stop loss is triggered. If the cancel copy order is not enabled, the copy order will continue after the stop loss, and the previously set stop profit and stop loss will become invalid.
5. If the balance of the follow-up account is insufficient, it will not be able to follow the open position
6. If the amount of a single position opening is not enough to open 1 contract, it will not be able to follow the opening position
7. If the trader's order with a single order is forced to close the position, the user's follow-up order will be automatically closed
Step 6: Close the position and pay the profit
1. You can check the current and historical copy order details on the "My Copy" page
2. If the order following the trader generates income, it will be automatically distributed to the trader according to the profit sharing ratio of the trader when the position is closed. The profit sharing ratio of each trader can be viewed on the trader information page
3. In order to protect traders, profit sharing will only be carried out after multiple orders of the same trader are all closed. For example, if a student follows a trader with 2 orders, and after the position is closed, the profit of order A is 200U, and the loss of order B is 100U, then after both orders are closed, the total profit of 100U will be divided according to the profit sharing ratio of the trader.
other instructions:
1. While following the trader, you can also conduct contract transactions by yourself, and the relevant orders will not be affected by the follow-up order
2. Users can choose to follow multiple traders at the same time. There is no upper limit on the number of traders. Each trader opens a separate copy account and deposits funds. The copy orders of different traders do not affect each other, and the transfer of funds is not supported for the time being. After canceling the copy order, the funds will be automatically transferred out to the contract account.
3. You can cancel following the trader at any time. If there is a copy order, the position will be automatically closed when cancelled. Cancellation location: My copy - current copy - copy details
4. When there is no transaction following the trader, the trader has the right to remove the follower user, and will not open a new order after the removal
5. If the user actively or passively cancels the following, the funds in the trader's follow-up account will be automatically transferred to the contract account
6. Follower users can apply to become a trader at any time, and get the benefits of bringing orders. For related content, please refer to the part of the trader trader