📈Trading Guide

Copycat Contract Trading Tutorial

1. Prepare a WEB3 wallet (using OKEx wallet in this tutorial), prepare some USDT on the BNB chain as margin, and some BNB for on-chain GAS fees.

2.Enter the Copycat public test portal in your wallet: https://trade.copycatdex.io/trade#BTC/USDT

3.Copycat's default language is English, but you can switch languages by clicking on the menu in the top left corner.

4.Click on the top right corner to connect your wallet and authorize it. After authorization, click on 'Long' or 'Short' to enter the order page.

5.Market order means placing an order at the market price, which will be executed immediately.

① Market orders are executed at the market price without the need to set a price, and the displayed price is for reference.

② Slippage is the maximum price difference you are willing to accept. For example, if the BTC price is 30,000 USDT and you go long, with a slippage set at 0.5%, the order will not be executed if the oracle returns a BTC market price >30,015 USDT.

③ Copycat supports 2x—100x leverage, which can be entered manually. During the Copy public test phase, the position size is supported between 50U—60U, meaning you can participate in the public test with less than 1U.

④ For quantity, just enter the amount of margin and click to open a position.

6.Limit order means placing an order at a price set by the user. The order will be executed when the market price fluctuates to the specified price.

① For limit orders, you need to enter a set price. To go long, the set price should be higher than the market price, and to go short, it should be lower.

② Limit orders are executed at the set price, so there is no need to set slippage.

③ Copycat supports 2x—100x leverage, which can be entered manually. During the Copy public test phase, the position size is supported between 50U—60U, meaning you can participate in the public test with less than 1U.

④ For quantity, just enter the amount of margin and click to open a position.

7.After a successful position opening, you can see your held position in the position column. There are options for take profit and stop loss in the position. A default 900% take profit ratio is set when opening a position, with no stop loss ratio, but these can also be set manually. Limit close positions can also be achieved through the take profit and stop loss settings.

8.Copycat supports adjusting the margin. Click on 'Adjust Margin' in the position column to add or withdraw margin.

9.Click on 'Close Position' to close the position at the market price with one click."