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:

Role	Description
Follower	Automatically copies trades from lead traders
Lead Trader	Trades are copied by followers; earns profit sharing

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

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

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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?"

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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?"

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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?"

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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"

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5. Lead Trader Order Management

Place and manage orders as a lead trader:

Place Order Parameters:

Parameter	Type	Required	Description
instId	String	Yes	Instrument ID
marginMode	String	Yes	cross or isolated
positionSide	String	Yes	long, short, or net
side	String	Yes	buy or sell
orderType	String	Yes	market, limit, post_only, fok, ioc
size	String	Yes	Size in contracts
price	String	Conditional	Required for limit orders
brokerId	String	No	Broker ID if applicable

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"

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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"

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Copy Trading WebSocket Channels

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

Channel	Description
copytrading-positions	Real-time position updates
copytrading-orders	Order fills and status changes
copytrading-account	Account balance and equity updates

Account channel push data includes:

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

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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