Bitget’s One-Click Copy Trade: Interface Changes of "Position" and "Current Copy Trades" for Traders in Long Positions

Bitget

2022-08-02 23:57

Dear Global Bitgetters,

This article is about the interface changes for traders in long positions using the One-Click Copy Trade feature. Specific changes will be limited to the content under "Position" and "Current Copy Trades".

Here is a description of what will be displayed when a trader in a long position is partially closing the position, opening a new position or closing all positions.

	Positions (Long)	Current Copy Trades
Time 1	Open price is 1,000 USDT; Volume of position opened is 1 BTC	Open price is 1,000 USDT; Volume of position opened is 1 BTC
Time 2	Open price is 2,000 USDT; Volume of position opened is 1 BTC Only one message will be displayed under "Position": Average price is 1,500 USDT; Volume is 2 BTC	Open price is 2,000 USDT; Volume of position opened is 1 BTC Two messages will be displayed under "Current Copy Trades": Open price is 1,000 USDT; Volume of position opened is 1 BTC Open price is 2,000 USDT; Volume of position opened is 1 BTC
Time 3	Close price is 2,000 USDT; Volume of position closed is 1 BTC Profit = (2,000 - 1,500) * 1 = 500 * Note: Traders will not be able to close positions under "Positions", please go to "Current Copy Trades" for this operation.	Close price is 2,000 USDT; Volume of position closed is 1 BTC Selecting either of the following two options when closing the position: A: Open price is 1,000 USDT; Volume of position opened is 1 BTC B: Open price is 2,000 USDT; Volume of position opened is 1 BTC If you choose A, profit = (2,000 - 1,000) * 1 = 1,000 If you choose B, profit = (2,000 - 2,000) * 1 = 0
Time 4	The position is closed. The following message will be displayed under "Position". Average price is 1,500 USDT; Volume is 1 BTC	The position is closed. (Suppose A is closed and B remains open) The following messages will be displayed "Open price is 2,000 USDT; Volume of position opened is 1 BTC" * Note: Now there will be a prompt under "Current Copy Trades", showing you have 1 profitable transaction with a return of 1,000 USDT.
Time 5	Continue to open positions. Open price is 2,500 USDT; Volume of position opened is 1 BTC Only one message will be displayed under "Position": Average price is 2,000 USDT; Volume is 2 BTC Calculation: (1,500 + 2,500) / 2	Continue to open positions. Open price is 2,500 USDT; Volume of position opened is 1 BTC Two messages will be displayed under "Current Copy Trades": Open price is 2,000 USDT; Volume of position opened is 1 BTC Open price is 2,500 USDT; Volume of position opened is 1 BTC Only one message will be displayed under "Total". Entry price Average price is 2,250 USDT; Volume is 2 BTC Calculation: (2,000 + 2,500) / 2
Time 6	Close price is 2,000 USDT; Volume of position closed is 2 BTC B’s profit = (2,000 - 2,000) * 1 = 0 * Note: Traders will not be able to close positions under "Positions", please go to "Current Copy Trades" for this operation.	Close price is 2,000 USDT; Volume of position closed is 2 BTC Here you need to close the two positions. C: Open price is 2,500 USDT; Volume of position opened is 1 BTC B: Open price is 2,000 USDT; Volume of position opened is 1 BTC C’s profit = (2,000 - 2,500) * 1 = -500 B’s profit = (2,000 - 2,000) * 1 = 0 * Note: One transaction is profitable and the other is losing.
Total P&L	P&L: 500 + 0 = 500	P&L: 1,000 - 500 = 500