Diverse Follow Trading Guide (PC)
This guide will walk you through how to use the Diverse Follow feature on the BYDFi web platform. Learn how to select traders, set risk parameters, track performance, and manage your positions to optimize your follow trading experience.
How to Use Diverse Follow on BYDFi
1. Access the Copy Trading Page
Click “Copy” on the homepage to enter the copy trading section.
2. Select a Trader
View each trader’s historical performance, trading data, and risk level. You can follow multiple traders simultaneously to diversify your investments. If a trader has reached the maximum follower limit, click “Follow Reminder” to get notified when a slot becomes available.
3. Switch Copy Mode
On the trader settings page, switch between follow modes as needed.
4. Enter Diverse Follow Settings
After selecting a trader, click “Copy Now” to open the settings page.
Setting Up Diverse Follow Trades
On the settings page, you can configure the following:
Select Margin Mode
- Fixed Amount: Follow each trade with a fixed USDT amount (minimum 10 USDT).
- Fixed Multipiler: Allocate funds proportionally according to the trader’s position size.
Select Trading Pairs Choose specific contract trading pairs, or let Diverse Follow automatically distribute across multiple pairs.
Set Risk Parameters Take Profit (TP%) Stop Loss (SL%) Maximum Follow Amount (USDT) Slippage (%)
Click “Copy Now” to activate your Diverse Follow trading.
Edit or Cancel Follow
- In “Trader List” or “My Traders”, locate the trader you are currently following.
- Click “My Trader → Details” to edit or cancel your follow settings.
Note:
- Canceling a follow will not affect existing open orders; they will still follow the trader’s closing actions or can be closed manually.
- Any changes to follow settings only apply to new follow trades and do not affect current open positions.
Viewing Diverse Follow Trade Data
On the “My Copy Trade” page, you can track your complete trading performance:
- Today’s Profit/Loss: Total realized P&L from follow trades for the day.
- Followed Amount: Cumulative margin used in historical follow trades.
- Net Profit: Total realized profit/loss minus trading fees, funding fees, and follow sharing fees.
- Unrealized P&L: Floating profit/loss from open positions.
- Active Traders: Number of traders you are currently following.
- Total Traders Followed: Includes historical follows, even those canceled.
Closing Positions
Users can close Diverse Follow trades as follows:
1. Close Individual Orders
- Select the order and click Details to view order information.
- Click Market Close to close the specific Diverse Follow position.
2. Close All Orders at Once
To close all open follow positions, go to the Summary Page and click Close All, quickly closing all orders.
📌 Note: Only market orders are supported for closing positions.
Advantages of Diverse Follow
- Investment Diversification: Follow multiple traders simultaneously to reduce single-trader risk.
- Flexible Fund Allocation: Set maximum amounts, ratios, and trading pairs according to your strategy.
- Transparent Performance Tracking: Monitor profits, losses, trader performance, and profit-sharing in real-time.
👉 Using Diverse Follow, BYDFi users can manage their follow trading strategy more intelligently, balancing risk and reward effectively.