No matter in the traditional financial sector or the cryptocurrency market, strategic trading is a very important and crucial method within the trading system. When faced with complex trading environments and extreme market conditions, even with solid theoretical knowledge and rich trading experience, it is easy to miss trading opportunities or make incorrect judgments and operations influenced by emotions. Strategic trading is an effective tool that can solve these problems.
With trading tools available, how to use them is also a major challenge. Previously, Binance launched the Strategy Square to facilitate users in directly copying strategies to address the usage issues of strategic trading tools.
Now, Binance has launched the Strategy Square 2.0 version, where users can not only copy strategies but also directly follow traders, enjoying all the trading strategies of the traders and making money alongside them. For investors lacking experience in strategic trading and time management strategies, following strategies is undoubtedly the simplest and most effective trading method, while strategy traders can also earn profit sharing, achieving a win-win situation. This article will specifically introduce Binance's strategy following products and usage methods.
If you have not yet registered on the Binance exchange, you can use the registration link and app download address below, along with video tutorials, to register on your own.
OKX APP is one of the three major exchanges globally, with a 20% reduction in trading fees upon registration!
OKX (overseas) registration address: https://www.okx.com/join/97763692
OKX/Binance/Huobi - Registration/Download: http://18907.cc
Binance domestic registration: https://www.binance.com/zh-CN/join?ref=565010509
What is Binance Strategy Following
Binance Strategy Following is a strategy following system created in the Binance Strategy Square. This product introduces a profit-sharing mechanism, allowing strategy traders to enjoy the profits from strategic trading, with a maximum profit share of 30%. To protect the rights of strategy traders, the specific strategy parameters of the traders will be hidden.
A simpler and more convenient strategy following product that can be activated with one click
Platform-streamed strategies with higher profit-sharing ratios
Initial supported strategies: Spot grid (including mobile grid), contract grid
Initial supported trading pairs: Strategies supporting USDT trading pairs
Apply to become a strategy trader:
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Upload valid proof of strategic trading;
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The investment amount in strategies within the last 30 days exceeds 1000 USDT;
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The number of strategies operated in the last 30 days exceeds 5.
Strategy followers can easily activate the "lay win" mode
For investors who want to follow, by following mature strategy traders, they can achieve more stable returns with lower trading risks. This is because mature strategy traders have created a relatively stable set of trading rules and risk management systems through long-term research and practice. By combining their historical return rates and other information, one can choose their preferred trader to follow, thereby sharing their return stability and obtaining more reliable investment returns.
In addition, during the following process, followers can also learn and enhance their trading skills by observing and learning the decision-making processes, risk management methods, and trading logic of the traders, as well as understanding market trends and the judgment of trading opportunities.
Since everyone's risk tolerance is different, investors need to carefully assess the historical performance, risk management capabilities, and trading styles of traders when choosing whom to follow, to ensure that their investment goals and risk tolerance match those of the traders.
In Binance Strategy Following, users can freely choose traders according to their preferences and can activate following with one click.
During the following process, strategy followers do not need to perform additional operations; all following strategies are automatically synchronized with the strategies of the traders, equivalent to the traders running the strategies for you. When the trader starts a strategy, the follower's strategy also automatically starts, and when the trader stops the strategy, the follower's strategy can also automatically stop.
During the operation of the following strategy, one can choose to stop the strategy. If the strategy is profitable after stopping, profit sharing can be obtained. Profit sharing = strategy profit * profit-sharing ratio (the profit-sharing ratio is determined by the trader and can be viewed when selecting a trader).
In the Binance APP, click on trading, enter the Strategy Square, and select a trader.
Here you can directly search for the trader you want to follow, or you can choose a trader from the recommended module.
On the trader's personal homepage, you can view the historical data of the strategies, as well as their current trading strategies. By clicking on the card, you can see the details of the strategy, including the strategy model, trading pairs, and other information. You can also see the profit-sharing ratio set by the trader.
If you want to follow, enter the investment amount and click to create the strategy.
Once the strategy is created, you can view it. When the conditions for the strategy to run are triggered, the strategy will run automatically.
During the strategy operation, you can actively stop the strategy. If you do not actively stop it and the trader stops, you will receive a notification that the strategy has stopped.
After the strategy stops, if it is profitable, profit sharing will be conducted at a fixed ratio, and the profit earned will automatically transfer to your fund account.
Strategy traders earn free traffic and high profit-sharing ratios
For strategy traders, while engaging in strategic trading, they can obtain high profit-sharing ratios through following, while also being able to hide key points in the strategy, thus maintaining the core competitiveness of the strategy. Additionally, by following, they can establish an IP to gain more marginal benefits, achieving multiple gains.
In Binance strategy following, if your strategy is of high quality and has a higher stable return rate, you can also receive additional platform exposure, gain more free traffic, attract more followers, and earn more profit-sharing income, thus forming a virtuous cycle.
In the initial phase, the platform will invite some quality traders to participate in following. If you meet the following three conditions, you can also apply to become a trader yourself, setting the profit-sharing ratio (0-30%) when creating the strategy. After successfully publishing the following, you can share the strategy to obtain a trader's exclusive identification.
When the strategy follower's strategy stops, if it is profitable, they can earn profit sharing (profit sharing income = profitable portion * profit-sharing ratio). The profit-sharing income will transfer to a separate system account, and the earnings will be transferred to the trader's fund account within the settlement cycle, which is every Monday at 0:00.
Assuming the profit-sharing ratio for following strategy A is set at 10%, when follower B stops the strategy, if the strategy's profit is 100 USDT, the trader's profit-sharing will be 10 USDT (100*10%); if follower B stops the strategy when the profit is -10 USDT, no profit sharing can be obtained.
*How to apply to become a strategy trader:
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Upload valid proof of strategic trading;
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The investment amount in strategies within the last 30 days exceeds 1000 USDT;
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The number of strategies operated in the last 30 days exceeds 5.
If you have already become a Binance strategy trader, you can choose the profit-sharing ratio when creating the strategy.
Note: The profit-sharing ratio cannot be modified after the strategy is created;
The trader's following strategy only supports full liquidation when stopped.
After successfully publishing the following, you can share your following poster, and users who want to follow can scan the QR code on the poster using the Binance APP to view the strategy and perform following operations.
Traders can view strategy details and profit-sharing information at any time.