BTCC is updating the stop loss feature in copy trading for an improved trading experience. Starting July 18, 2024 (UTC+8), the “Copy trade stop loss for trader” definition will change.
 

Before the update: 

Copy trade stop loss will be triggered when the floating PnL of all copy trades from the same lead trader reaches the set stop loss amount. The system will automatically stop copying this lead trader for you.

After the update:

Copy trade stop loss will be triggered when the net loss of all copy trades from the same lead trader* reaches the set stop loss amount. The system will automatically stop copying this lead trader for you.

*Net loss of all copy trades from the same lead trader = Total earnings of all copy trades from the same lead trader^ − Total losses of all copy trades from the same lead trader (including floating P&L)

^Total earnings of all copy trades from the same lead trader = Earnings from closing a position + Fees (opening/closing fees + forced liquidation fees). Funding fees and profit-sharing are not included.

Below are some examples showing the difference before and after the update.

This update will enhance your profit protection and limit copy trading risks. If you don't want to set a stop loss for a lead trader, you can leave the "Copy trade stop loss for trader" field blank.

When the system stops copying a lead trader for you, the remaining positions from this lead trader will be processed based on your choice:

1. Close all positions at market price immediately.
2. Follow the lead trader's close.
3. Manage the orders by yourself manually.

The new update will automatically apply when the set stop loss amount is reached, based on cumulative losses incurred from the update date.

If you have any questions about the update, please contact our online customer service for help.

Thank you for your continued support.

The BTCC team