3.0. Market place for copytrading⭐️The problem

The problem

There are many telegram groups with signals. Managing trades takes too much time and energy, especially if there is more than one signal channel! And you don't even know if this channel is profitable long term!

🧨🧨🧨

There are too many signals per day and too many channels to do this manually. And we don't have so much time and energy to manage each signal manually and also calculate profits to see if this group is really profitable or not.

Typical signal looks like this

What you user has to do if this is a spot trade:

1 Place a limit BUY order

2 Wait till entry is triggered

3 Set OCO orders for stop-loss and take profit in case of spot trade

4* If tp1 is hit => move SL at entry price, so the profitable trade won’t become losing one.

4a. If it is a spot trade, you should cancel 4 oco ORDERS and set a new ones with new SL

*If user doesn’t already have BTC in his account - he can’t set TP&SL order from #3 before entry is triggered, so he has to wait.

So to sum up the idea:

in case futures trade user has to do ~7 actions(1 order = 1 action)

We have to place 4 TP orders, 1 entry order, 1 SL order, and edit SL order when TP1 gets hit. That’s 7 actions to manage a trade + time to be near by the phone or set some reminders and notification not to miss when entry gets hit to set tp and sl orders.

In case of spot trade more than 10 actions

If we have spot trade we might need even more actions: 1 entry order, wait, 4 OCO orders, cancel 4 OCO orders to set a new SL, set 4 new OCO orders. Number of actions can be > 12