Reasons for Copy Trading Failures on BYDFi
In BYDFi Copy Trading, users may sometimes experience copy order failures.
These failures can happen due to trader activity, system rules, or follower account settings.
Understanding the reasons for copy trading failures can help you troubleshoot issues quickly, avoid disruptions, and reduce risks.
Common Reasons for Copy Trading Failures
1. Trader has not opened positions for an extended period
If the trader you are following does not open any new positions within 21 days, the system will automatically cancel your copy trading relationship.
2. Traderās status revoked
If a traderās status is revoked by the platform due to violations or other reasons, followers will no longer be able to copy their trades.
3. Trader removed the follower
Traders have the right to remove followers. Once removed, you will no longer be able to copy their orders.
4. Consecutive copy order failures
If copy order failures exceed 10 consecutive attempts, the system will automatically cancel the copy trading relationship.
5. Insufficient funds or no assets in the copy trading wallet
If your copy trading wallet balance is too low, or you have no available assets, the system cannot execute new copy orders.
6. Below minimum copy trading amount
Each copy trade has a minimum required amount.
If your trade amount is below this minimum, the order will fail to open.
7. Exceeds maximum copy trading amount
If your trade amount exceeds the maximum allowed by the platform, the order cannot be executed.
8. Daily copy trading limit reached
BYDFi has a daily limit for copy trading.
If you reach this limit, you cannot copy new tradesāeven if the trader opens a new position.
Summary: Avoiding Copy Trading Failures
BYDFi Copy Trading makes it easy to replicate successful tradersā strategies, but copy trading failures may occur due to:
- Trader inactivity
- Account restrictions
- Insufficient funds
- Minimum or maximum trade amount limits
š To minimize risks:
- Regularly check your copy trading wallet balance
- Review trader activity before following
- Adjust your copy settings according to platform requirements
By understanding these potential issues, you can optimize your BYDFi copy trading experience and maintain smoother trading operations.