Copy trading

Guide to the Bitget Telegram trading signal tool

2024-10-15 16:310152

Welcome to the Bitget Telegram trading signal tool! This guide (for app version 2.44.0 and above) will help signal providers and copiers get started quickly and make the most of this new trading tool. You will learn how to publish trading signals and make copy trades, all while enhancing your overall trading experience.

Introduction

The Bitget Telegram trading signal tool is an advanced feature designed specifically for Telegram users to streamline signal publishing and copy trading. Whether you're an experienced signal provider or looking to copy professional trading signals, all users will benefit from this tool.

Tool features

Multi-channel signal synchronization: Sync your signals to Bitget and various social media platforms, with support for signal text generation.
Quick copy: Users can copy trading signals and place orders instantly with a passcode (used to quickly identify and execute trading commands).
Real-time data analysis: With real-time analysis of trading data and signal effectiveness, you can optimize your trading strategies.

Getting started quickly

Signal providers

Step 1: Apply to become a signal provider

Log in to your account: Make sure you have signed up and logged into your Bitget account.
Application link: Visit the link on the app and apply to become a signal provider.
Complete the application: Fill in the required information and submit your application.

Note:

Make sure you are using the latest version of the Bitget app.
You must have a non-elite trader account with no open copy trading positions.
Main accounts and sub-accounts are supported.

Step 2: Choose a signal publishing method

Select the signal publishing method that best suits your needs:

Method 1: Signal text generation

Description: Suitable for signal providers with followers on other social platforms, like WeChat.

Instructions:

Create a trading signal: Configure the signal on Bitget.
Generate signal text: The system will automatically generate the signal text containing a passcode.
Copy and share: Paste the signal text into your social media platforms or groups.
1. - Automatic signal copying
Steps:
1. 1. 1. Enable auto-copy: On the signal publishing page, find the Auto-Copy toggle and enable it.
    2. Save the signal automatically: When enabled, the signal parameters will be automatically saved to the clipboard each time a signal is published.
    3. Paste and share: Go to any platform you want to share the signal on (such as WeChat and Line) and paste it to send the signal.
- - Manual signal copying
Steps:
1. 1. 1. Click the share icon: Once the signal is published, click the share icon on the signal card.
    2. Preview signal content: The system will display a preview of the signal parameters.
    3. Copy signal: Use the Copy button to save the signal parameters to the clipboard.
    4. Paste and share: Go to the platform or group you want to share the signal on and paste the signal parameters.
A passcode is a code that users can copy. Once they open the Bitget app after copying the passcode, it will be automatically recognized, and the order will be placed.

Method 2: Social media platform synchronization

Description: Bind your social media accounts to automatically sync signals to platforms like Telegram, WhatsApp, and X.

Instructions:

- Bind social media accounts:
  - Settings: Log in to your account and navigate to Account Settings.
  - Bind social media accounts: Select Bind Social Media Accounts and follow the instructions to bind your accounts.
Choose a platform to synchronize: Set up the social media platform or group you want to sync in advance before publishing your signals.
Create a trading signal: Configure the signal parameters.
Publish the signal: The system will automatically sync the signals to the specified platforms.

Method 3: Publishing directly on Bitget

Description: Publish signals directly on Bitget for all users to view and copy, without the need for a community or followers.

Instructions:

Go to the signal publishing page: Log in to your account and use the Publish Signal button.

Configure the trading signal: Enter the trading pair, direction, entry price, and other required information.
Publish the signal: The signal will be added to the platform's signal list.

Note: This feature is currently under development. Stay tuned!

Step 3: Manage and monitor your data

Signal hub: View your trading signal performance, follower growth, and trading data on the signal hub page. Use this information to optimize your trading strategies and manage your community effectively.

👍Success story:

Daniel is a new signal provider who uses Bitget's Telegram trading signal tool to publish signals to multiple social media platforms through multi-channel signal synchronization. In just one month, his follower count grew by 50%, and his copy trading volume increased significantly.

Copiers

Step 1: Receive trading signals

From social media platforms or groups

Follow signal providers: Join the social media platform or group of a trusted signal provider.

Get trading signals: Look out for the latest trading signals in the group.

From Bitget
Access the signal list: Log in to Bitget and navigate to the signal provider list.
Select signals: Review the signal provider's track record, number of followers, and user feedback, and select a trading signal that interests you.

Step 2: Copy the signal provider or place an order manually

Method 1: Automatically place an order by copying the signal provider

Description: Once you copy a signal provider, your orders will be automatically placed after their signals are published.

Steps:

Use the "Copy Signal" button: Look out for the signals in the community (e.g. Telegram) and use the Copy Signal button.
Follow the instructions: The system will guide you to the configuration page.
Configure the parameters: Follow the prompts to configure parameters such as copy mode and investment amount.
Copy the signal provider: Once the configuration is complete, you will be able to copy the signal provider successfully. Any signals that they publish will automatically generate orders for you based on the signal parameters.

*Tip: This method saves time and effort as you don't need to place orders manually.

Method 2: Select a signal to place an order manually

Description: You can place an order manually for a specific signal, without establishing a copying relationship with the signal provider.

Steps:

Copy the signal text: Copy the signal text containing a passcode in the community.
- What is a passcode?
- - - Definition: A passcode is a piece of code used to quickly identify and execute trading commands.
    - Format: Generally, it looks like "ft=#(number code)#" and is included in the signal text.
  - Instructions:
    - Copy the signal text: Copy the entire signal text containing the passcode.
      Example:
ABCDSSA new signal
💹 BTCUSDT | Long | 5x
📈 Entry price: 0.5631
🎯 Take-profit: 0.5660 / 0.5700 / 0.5750
🚫 Stop-loss: 0.5400
📈 Highest ROI: 356.23%
Copy this text ft=#(1216954507216261120)# and open the Bitget app to place an order. Website: https://www.bitget.com/en/
Open the Bitget app: Make sure you have logged into your account.
- - Automatic detection: The app will automatically detect the passcode you copied and display the order details.Passcode detection:
  - Manual detection: If the app doesn't display the order details, paste the passcode to the Passcode field in the app.
View order details: Confirm the trading parameters (trading pair, direction, entry price, etc.).
Adjust the trading parameters:
- Adjust investment amount: Enter the margin amount based on your risk appetite.
- Adjust leverage (optional): Adjust the leverage here if needed.
  - - Tip: Beginners should exercise caution when using high leverage to reduce risk.
Place an order: Once everything is confirmed, use the Place Order button to complete the trade.

Example

Example: A copier wants to place an order using a passcode.

1. Receive signals: Locate the trading signal in the Telegram group.
Copy the signal text: Tap and hold the text, then select Copy.
Open the Bitget app: The app will automatically identify the passcode and display the order details.
Adjust and confirm the parameters: View details and enter the amount you want to allocate.
Place an order: Use the Place Order button to complete the trade.

FAQ

Signal providers

1. Are signal providers and elite traders mutually exclusive?

Yes, they are. If you're an elite trader or have open orders/positions from copying elite traders (including signal providers), you will not be able to apply to become a signal provider.

2. What's the main difference between signal providers and futures elite traders?

Signal providers guide copiers in making trades by configuring trading signal parameters without committing their own assets. In the future, a profit-sharing mechanism may be introduced. Regular futures elite traders, however, need to use their own funds for actual trading.

3. What are the requirements to become a signal provider?

Any Bitgetter can apply to become a signal provider. Make sure that you have a non-elite trader account with no open copy trading orders or positions.

4. Is it necessary for signal providers to bind their Telegram accounts?

No. The latest version of the signal trading tool no longer requires signal providers to bind their Telegram accounts. You are free to choose your preferred method for publishing signals.

5. What are the benefits of becoming a signal provider?

Top-performing signal providers can receive traffic support from Bitget, gain more exposure, and participate in platform activities to earn rewards and exclusive perks.

6. Why is only one active signal in a single direction allowed for a trading pair?

Only one active signal in a single direction is allowed for a single trading pair at a time. You cannot publish new signals for the same trading pair and direction until the existing signal ends. This is to avoid signal conflicts and ensure a smooth trading experience for copiers.

7. Is it safe to bind my social media accounts?

At Bitget, we prioritize the security of your account. The social media accounts that you bind will only be used for signal synchronization. Bitget does not have access to your private information. Make sure you bind your account through official channels.

8. How can I optimize my trading strategies with the signal hub?

The signal hub provides real-time trading data and follower trends. By analyzing the data, you can easily understand the effectiveness of your signals, adjust your strategies, and improve trading success.

9. How to increase the signal copying rate?

As a signal provider, publishing high-quality and accurate trading signals, regularly interacting with followers, and using the signal hub to optimize your trading strategies will help increase your copy rate.

Copiers

10. Why should I upgrade to Smart Copy?

Signal copy trading is currently only available in Smart Copy mode. This mode intelligently adjusts the copy trading ratio based on your account assets, boosting trading efficiency.

11. Do I need to use the "Copy Now" button for each signal published by the signal provider?

No. Once you've copied a signal provider, every signal they publish will be automatically copied until you stop copying them.

12. Why is the number of orders from a published signal different from my number of orders?

When the signal is published, a corresponding number of orders will be generated based on the number of TP/SL orders. The total number of orders equals the sum of all TP/SL orders per signal from the signal provider. If the assets you allocated to the signal provider are insufficient, part of the copied order may fail, and you will receive a notification from Bitget. Monitor your account balance to avoid this from happening.

13. How do I adjust or terminate an order after copying?

After making copying trades, go to Futures > Orders > Edit to terminate an order or modify its parameters (e.g. switching it to a market order). Keep in mind that if you choose to execute an order at market price, the entry price may differ from the signal provider's price, which could increase trading risk.

14. What are the advantages of signal copy trading compared to traditional copy trading?

Signal copy trading broadens the possibility of copy trading by allowing analysts, KOLs, or regular users to share trading signals. It also serves as an effective tool for KOLs to manage their followers, increasing interaction and loyalty.

15. Why isn't the provided passcode recognized?

Make sure you copy the entire text including the passcode, and use the latest version of the Bitget app. If the issue persists, contact customer service for assistance.

16. Can I adjust the order parameters when copying trades?

Yes. Yes, you can configure the copy mode and parameters when copying a signal provider for the first time, and adjust the investment and leverage as needed subsequently.

17. How can beginners choose a trusted signal provider?

You can review the signal provider's past performance, number of followers, and preferred coins on their profile page. It is recommended to select signal providers with a solid track record and positive data feedback.

18. Will I be charged additional fees to use the trading signal tool?

At present, Bitget's Telegram trading signal tool is free for all users.

19. How do I ensure my account is secure and compliant?

Comply with Bitget's Terms of Use and Privacy Policy, update your password regularly, and enable two-factor authentication. Signal providers and copiers must comply with relevant laws and regulations to ensure the legality of their trades and shared information.

20. How can I contact customer service if I encounter any issues?

You can reach us via Bitget's official website, through the online customer service on the app, or by emailing us at support@bitget.com. We are happy to help with any questions.

Note

Risk warning: Crypto trading involves high risks and can be highly volatile. It is strongly recommended that you trade according to your risk tolerance.
Compliance: Please comply with the laws and regulations of your country or region to ensure the legality of your trades and shared information.
Account security: Keep your account information safe and never disclose your password or verification code to others.

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Thank you for choosing the Bitget Telegram trading signal tool. Happy copy trading!