Overview
OKX has implemented significant upgrades to enhance the trading experience for copy trading leaders (referred to as "traders"). Previously, traders faced limitations such as inability to use limit orders for closing positions or customizing close quantities. These restrictions have now been removed, allowing traders to enjoy trading functionalities nearly identical to regular users.
Futures Traders
1. Opening Positions as a Futures Trader
After obtaining futures copy trading permissions, traders must complete initial setup for their designated trading pairs. Supported order types include:
| Order Type | Supported? | Generates Copy Signal? |
|---|---|---|
| Limit Orders | ✔️ | ✔️ |
| Market Orders | ✔️ | ✔️ |
| Advanced Limit | ✔️ | ✔️ |
| Take-Profit/Stop-Loss | ✔️ | ✔️ |
| Trailing Stop | ✔️ | ✔️ |
| Algo Orders | ✔️ | ✔️ |
| Iceberg | ✖️ | ✖️ |
| TWAP | ✖️ | ✖️ |
Note: Strategy trades (e.g., futures grid, DCA, arbitrage) won't generate copy signals.
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2. Closing Positions
Method A: Direct Position Closure
- Click [Close] on any active position
- Set custom close price and quantity
- Supports partial/full closes via limit or market orders
Method B: Trade Management Panel
- Access via [Trading Interface > Copy Trading] or [Copy Trading Square > My Trades]
- View orders in detail view (per-order metrics) or summary view (aggregated positions)
- Execute market closes or set TP/SL for individual orders
3. Setting Take-Profit/Stop-Loss
Four flexible approaches:
- Attach TP/SL when opening orders
- Place standalone TP/SL orders
- Modify existing positions' TP/SL
- Set via trade management panel
Spot Traders
1. Executing Copy Trades
Spot traders must complete asset allocation setup before trading. Key differences from regular spot trading:
| Order Type | Supported? | Generates Signal? |
|---|---|---|
| Limit/Market | ✔️ | ✔️ |
| TP/SL | ✔️ | ✔️ |
| Algo Orders | ✔️ | ✔️ |
| Iceberg/TWAP | ✔️ | ✖️ |
Restrictions:
- Allocated funds become locked (unavailable for staking/other trades)
- Broker trading unsupported for copy trading
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For Followers: Closing Copied Positions
The system automatically mirrors leaders' actions:
- Partial closes by traders trigger proportional closes for followers
- 100% position closure by traders results in complete proportional closure for all followers
FAQ
Q: Can traders use custom close quantities for partial positions?
A: Yes, the upgraded system now supports custom quantity closes with limit prices.
Q: Do iceberg orders trigger copy signals?
A: No, while traders can use them, followers won't receive corresponding signals.
Q: How are follower profits calculated during partial closes?
A: The system uses FIFO (First-In-First-Out) logic to determine P&L for proportional closes.
Q: Can spot traders modify allocated funds mid-trade?
A: No, allocated funds remain locked until the trade completes or gets manually closed.
Q: Are trailing stops available for futures copy trades?
A: Yes, both leaders and followers can utilize trailing stop functionality.