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Follow Trading FQA
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2021-02-23 09:38

Entry

1. Click “Trading Bot”on Bibox APP

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2. Enter the page and click “Master Rank”

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3. Choose the strategy trader you like or create your strategy trading account

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FAQ

1. How to calculate the equity of the strategy trading account

    Each morning at 8 AM, Bibox exchange will take snapshot of trader’s account assets.

    Equity=Total asset/Total principal (Total principal = trader’s initial assets+∑ followers ‘assets)

 

2. How to determine the follow trading lot(s)?

  Once you have the follow-up orders proceeded,each hour, the system will calculate your follow trading lot(s) according to your assets involved in follow trading and account balance.

    Available lot(s) = Invested assets/Next day strategy account equity

 

3. Follow trading profit formula?

    Once you terminate follow trading, the system will return your total assets (in USDT) to your account based on the lot(s) you purchase.

    Total asset = Equity upon termination*Lot(s)

    Total follow trading profit = (Equity upon termination -total invested) * Lot(s)

 

4. I want to claim my principal and interest. How do I terminate follow trading?

    Based on current rules, you can withdraw your assets anytime from Sunday to Thursday. Bibox team will process the week’s withdrawal applications before 6 PM every Saturday.  

 

5. Do I have to pay for follow trading?

   Yes. To incentivize more traders to become strategy traders. Bibox Exchange will distribute 10% of the follow trading profit to the related strategy trader(s).*Traders can set the dividend ratio by themselves, up to 30%.

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