Blofin Copy Trading

BloFin Copy Trading

Manage copy trading operations on BloFin — both as a follower and as a lead trader. Copy trading allows users to automatically replicate the trades of experienced traders.

Overview

BloFin copy trading has two roles:

Copy trading uses a dedicated account (copy_trading), separate from the main futures account.

WebSocket: wss://openapi.blofin.com/ws/copytrading/private

Follower Workflows

1. Copy Trading Account Overview

Check copy trading account status:

1. Get copy trading balance — check funds in copy trading account
2. Get copy trading positions — view positions opened via copy trading
3. Present account summary:

Copy Trading Account
====================
Total Equity: $X,XXX
Available: $X,XXX

Active Positions:
| Instrument | Side | Size | Entry | PnL | Lead Trader |
|------------|------|------|-------|-----|-------------|

Example prompts:

• "Show my copy trading account"
• "What positions do I have from copy trading?"
• "How much is in my copy trading account?"

2. Fund Copy Trading Account

Transfer funds to start copy trading:

1. Use get_asset_balances with accountType: "funding" to check available funds
2. Use fund_transfer with toAccount: "copy_trading" to move funds

To start copy trading:
1. Transfer USDT from funding to copy_trading account
2. Select lead traders to follow on the BloFin platform
3. Set your copy parameters (amount per trade, max positions, etc.)

Example prompts:

• "Transfer 500 USDT to my copy trading account"
• "How much do I need to start copy trading?"

3. Monitor Copy Trading Performance

Track how your copy trades are performing:

1. Get copy trading positions and PnL
2. Review copy trading order history
3. Compare performance across different lead traders

Example prompts:

• "How are my copy trades performing?"
• "Show my copy trading profit and loss"
• "Which lead trader is making me the most money?"

Lead Trader Workflows

4. Lead Trader Account Management

For users operating as lead traders:

Copy Trading REST API endpoints (Lead Trader):

• Get Account — View lead trader account balance and equity
• Get Positions — View positions that are being copied by followers
• Place Order — Place trades (with brokerId if applicable)
• Close Position — Close positions (followers' positions close proportionally)
• Get Open Orders / Order History — View and manage orders
• Set Leverage — Adjust leverage (affects followers' positions)
• TP/SL Management — Set take-profit and stop-loss on positions

Example prompts:

• "Show my lead trader account"
• "What positions are my followers copying?"
• "Place a BTC long for my copy trading followers"

5. Lead Trader Order Management

Place and manage orders as a lead trader:

Place Order Parameters:

Example prompts:

• "Open a BTC long position for copy trading"
• "Close my ETH short in copy trading"
• "Set stop loss at $60,000 for my copy trading BTC position"

6. Lead Trader Risk Management

Manage risk for both yourself and your followers:

1. Set appropriate leverage — affects all followers
2. Use TP/SL — protects followers' capital too
3. Monitor position sizes — be aware of total follower exposure

Example prompts:

• "Set 5x leverage for BTC in copy trading"
• "Add stop loss to all my copy trading positions"

Copy Trading WebSocket Channels

For real-time updates, subscribe to copy trading private channels:

Account channel push data includes:

• totalEquity, isolatedEquity
• Per-currency details: equity, balance, available, frozen, unrealizedPnl

Best Practices

1. Start small — begin with a small allocation to test lead traders before committing more
2. Diversify — follow multiple lead traders to spread risk
3. Monitor regularly — copy trading is not fully passive; check performance and adjust
4. Set risk limits — configure maximum loss per lead trader and per trade
5. Understand fees — lead traders may take a percentage of profits
6. As a lead trader — always use TP/SL to protect followers' capital; maintain consistent strategy
7. Transfer back — when stopping copy trading, transfer funds back to funding account via fund_transfer