Preface - What is Order following

Order following is a feature operation tool developed by ChainUp to replicate the opening and closing of a trader's contract with a single click, and to disclose the trader's actual trading performance.
By following the features, you can greatly reduce the threshold of contract trading, and by screening quality traders, you can also enjoy the asset appreciation brought by the correct trading strategy and judgment.
The user does not need to pay any fees to use the contract to follow the order, after the cancellation of the order, follow the order during the profit will be profit sharing according to the proportion of kol configuration, in order to incentivize excellent traders to continuously optimize trading strategies and improve profitability.

System role

A, with a single person (hereinafter referred to as KOL): used to synchronize their own contract trading strategy to follow the single person, become a kol period, in order to maximize fairness, the system will take a single person to carry out certain system restrictions

1. Can only place position-by-position orders
2. Can not have a position when you become a kol
3. Can't increase or decrease the margin for existing positions
4. The leverage is fixed at 10 times (will be gradually released later)

B. followers: ordinary users

1. Copy the transaction record of following KOL to open and close positions, if the account balance is spent, then no longer follow the single.
2. Can not add or subtract margin.

1. Can follow multiple KOLs.
2. after following the order, follow the order funds into a separate sub-account.

C. How to configure the feature to follow the order

1. 1. Background configuration function entrance

Contracts to follow the form of H5(mobile webiste) development and embedded in the APP (no web version), you can configure the corresponding entrance through the merchant back office - Banner / App / Deputy Banner home application.
Order following url: https://m.xxxx.com/zh_CN/app_operation/kolTradersListNew+ where xxxx.com is replaced with the domain name of your exchange

Merchant backend KOL list

If there is no entrance to the merchant back office, it can be accessed by changing the url to coFollowKolList.


Location: Value Added Services-Contracts Follow-KolList


Shared KOL liquidity: displaying KOL data of all SAAS exchanges.
Non-shared KOL liquidity: only KOL data from their own exchanges are displayed.

Merchant backend to add KOL

Data explanation.

1. Manually add UID.
2. Configure kol profit share ratio (USDT): 1% to 99%
3. The minimum amount of a single person to follow (USDT): configuration range: 10 ~ 50000
4. Maximum amount of single person (USDT): Configuration range: 100 ~ 50,000
5. Total amount of orders (USDT): Range of configurations: 10 to 50000
6. Currency pair: select the currency pair of gold standard contracts supported by the exchange, multiple choices are possible
7. Simulated contracts: not mandatory, after checking, users can use simulated gold EXUSD to follow BTC-USDT currency pairs, simulated followers are only used to experience followers, and will not generate actual revenue.
8. Follow single blacklist: support adding users who are not allowed to follow this kol, multiple uid distinguished by ",", for example, 10001,10002.

D. follow the single function comparison and functional features

Functional Features
1, merchants can freely add KOL in the backend, can choose whether to share other saas merchants kol liquidity.
2, sub-account follow orders, follow order assets and the parent account contract account independent, the system uses position-by-position follow orders, fixed leverage multiples of 10 times, the risk is relatively independent.
3, can use simulated gold exusd to follow kol open positions btc-usdt, reduce the threshold for new users to try with the single.
4, can view kol's history of opening positions, providing multi-dimensional data for single person screening.
5、After opening a position, you can view the details of the transaction records followed in my followers.
6、Use a fixed amount to follow the single, follow the kol transaction record copy behavior, the market price to open and close positions.
Three, the main page

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Copy Trading
trader list my following orders


follow orders
accumulated yieldwinning rate for lasttotal proflts(USDT)
+31.74% 2 weeks 316.96

+72.72%

number of people 7cpe of coin with amount limit who follow the order allowing orders 500.00 - 1000.00
66A USDT
follow orders
accumulated yieldwinning rate for lasttotal proflts(USDT)
+50.07% 2 weeks 269.96

+78.09%

number of people 7cpe of coin with amount limit who follow the order allowing orders 10.00 - 1000.00
46A USDT
follow orders
accumulated yieldwinning rate for lasttotal proflts(USDT)
+24.56% 2 weeks 100.86

+62.5%

number of people 7cpe of coin with amount limit who follow the order allowing orders 500.00 - 1000.00
40A USDT


4, the relevant calculation formula

stop-loss and stop-gain.

\\
Take profit.
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Open a long position: X = average price of the position + \[follow the order amount * set stop gain percentage / number of positions * contract face value\]
\\
Open a short position: X = average price of the position - \[follow the order amount * set stop gain percentage / number of positions * contract face value\]
\\
Pending order method: Plan commission Stop Loss.
Open a long position: X = average price of the position - \[follow order amount * set stop gain percentage / number of positions * contract face value\]
\\
Open a short position: X = average price of the position + \[follow the order amount * set stop gain percentage / the number of positions * contract face value\]
\\
Pending order method: Plan commission
\\

Yield

\\
Long position: \[(average price of closing position - average price of opening position)/average price of opening position\] * leverage multiplier * 100%
\\
Short position: \[(average price of open position - average price of open position)/average price of open position\]*leverage *100%
\\

Estimated strong parity.

\\
Estimated closing price of positive contracts under position-by-position conditions. Long position Lp=\[Hp *Vol *S*(1+R)-(IM-MM)\]/(Vol * S)
Short position Lp=\[Hp *Vol *S*(1-R)+(IM-MM)\]/(Vol * S)
\\
Lp: strong price; Hp: average price of positions; Vol: position volume (sheets); S: contract face value; IM: starting margin; MM: maintenance margin R: eat single commission rate
Five, follow the single related instructions

KOL profit sharing settlement

After the cancellation of the following relationship, after all positions are closed, the system statistics with the single sub-account contract account balance and the initial single most contrast, if the difference is greater than 0, the profit share, the share ratio by the kol proportion, T + 1 for the share issued; (the future will adjust this model)

Follow relationship

After following the order, the user and the KOL establish a following relationship.
When a user cancels a position in My Orders - in progress, the system will cancel the following relationship and will only close the cancelled position, other positions will still follow the closed position, but will not follow the open position.
If a user cancels a follow order for a KOL in the KOL details page/My follow orders, the system will cancel the follow relationship and will close all positions at market price.
the system will automatically cancel the following relationship after the planned commission is triggered if the user has set a stop loss and a stop gain.
back-office ban on kol with a single, the system will forcibly close all positions and cancel the following relationship.
KOL burst positions and will not lift the following relationship.


Sixth, the new money flow
Follow the single profit sharing expenses
Follow the single profit sharing income Seven, the next version of the plan

1. recommend kol to get recommended profit sharing ratio: A recommended to others, others will follow this kol for the first time to get 20% of each future profit sharing (the proportion can be adjusted).
2. support users and kol share their own follow single / with single position sharing chart.
3. support the extension of custom leverage multipliers for following currencies.
4. optimize the product experience, ui, interaction, data display and data calculation methods.
5. kol list sorting optimization, new kol tags, new rich follow orders SMS/email notifications (such as successful opening/closing positions, etc.).
6. optimization of the share settlement time (the current settlement time is based on the share of net profit after the cancellation of the follow).
7. combining contract brokers to maximize the benefits for kol.
8. optimize the contract follow order placement strategy to reduce the cost of follow orders caused by slippage and system anomalies.
9. consider the addition of follow orders after the editable operation, the user can freely choose/edit to follow the currency.
10. optimize the follow order strategy and system performance.
11. increase the start time of my follow orders, follow orders to increase the current currency pair index / market price.

Feature with the single overview.

1. follow orders for position by position, fixed leverage 10 times (not adjustable, will be open in the future), kol can not add or subtract margin, users can not add or subtract margin, users use sub-accounts to place orders after following orders.
2. merchants can add Kol in the background, configure the kol index, after becoming a kol, this person can not follow other kol, and order leverage can only be 10 times the system default, and configure the profit sharing ratio of each kol.
3. merchants can choose whether to share the kol liquidity of other exchanges.

Parameter description.
List.
Cumulative yield: using the yield algorithm, statistics to become kol so far account yield, only statistics of USDT, the algorithm is: yield = USDT earnings amount / (opening account balance
+ the amount transferred to the contract account during the activity period converted to the total USDT)
Winning rate of transactions in the last 2 weeks: the amount of closed gains is greater than 0. Total gain (USDT): the sum of realized gains and losses on closed positions (including fees and
capital charges).
Number of followers: every person who initiates a follow order is counted as one person, counting the number of people.
Second, my follow orders.
Total amount of follow orders: the sum of the amount of each follow order initiated by the user. Gain (USDT): the sum of the accumulated profit and loss after the end of the order.
Rate of return: (amount of return / total amount of orders) * 100%

In progress.

Average price of the position: the average price of the current position when it is opened + added; closing or opening a position does not affect this value.
predicted strong evaluation: predicted strong evaluation of the current position.
yield: the difference between the marker price and the average price of the opened position divided by the average price of the opened position.
Ordered: after following the KOL, the portion of the total followed amount that is used to place an order after the KOL has placed an order; it may be more than the total followed amount.
Total Followed (USDT): the amount the user chooses to follow KOL, this amount is the maximum consumed principal amount of the follow order while waiting for KOL to place a position, this follow order amount enters the follow order sub-account and is returned to the parent account coin account after the cancellation of the follow order.
Profit and loss amount: has achieved profit and loss (settled once every minute)

Closed: the fully closed follow order position will be shown in the closed, if the KOL is not fully closed then it does not enter the closed.

Average price of position: the average price of the position closed.
Average price of closed positions: the average price of closed positions that have been closed for. yield: the yield of a closed position.
Orders placed/total orders followed (USDT): the percentage of orders placed and total amount of closed positions for. Orders placed: number of closed positions * average price of closed positions * value.

My follow orders.

The amount of follow orders is the amount with this person, for example, with a single 100U, you can repeatedly open and close, but the amount of follow up or 100u;
the amount of profit and loss is the total profit and loss generated with this trader, including in progress and closed.
my follow-through is the human dimension, in progress and has ended is the position dimension.
Third, profit settlement: only when the user ends the follow-through will the profit amount during the follow-through be settled, and the profit amount will arrive at T+1 and enter the coin account of the person with the single.