The Social Edition of the OKX copy trading software has been a popular tool for traders seeking to mirror the positions of experienced traders on the platform. This article provides a detailed overview of the recent v3.5 update, its new functionalities, and important considerations for users.
Key Changes in the Social Edition
Previously, the Social Edition allowed users to automatically copy the trades of selected traders on the OKX platform. However, due to market developments and the increasing number of similar tools, the Social Edition is no longer available for public purchase. Existing users can continue to use it, but new customers are advised to explore other available versions of the software.
Recent adjustments made by the trading platform include introducing a five-minute delay in the data provided by certain APIs that track trader positions and activities. This change primarily affects short-term copy trading strategies.
New Features in v3.5 Update
The v3.5 update introduces several enhancements to improve functionality and adaptability:
- Real-time execution for opening and closing positions when following traders who have not enabled profile hiding.
- Support for both proportional copy trading (based on the leader's position size) and fixed-amount copying.
- Manual adding to positions is permitted; all manually added positions will be closed during an automatic liquidation event.
- Options to handle delayed data for certain order types, depending on server configuration.
It is important to note that copying traders who have chosen to hide their profile information is no longer supported. The software now focuses on providing reliable service for non-hidden traders.
Server Deployment Options
The v3.5 update offers different operational modes depending on user needs:
For real-time copying of all order types (including adding/reducing positions):
A dedicated server deployment is required. This involves a monthly fee and allows for integration with popular notification systems like DingTalk or Lark to receive real-time alerts.
For users on the public server:
This option supports real-time copying of opening and closing orders only. Actions involving adding or reducing positions will be subject to the platform's data delay. Users can choose to disable the copying of these specific order types to avoid delays.
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Important Considerations for Users
The landscape of automated trading tools is dynamic. Changes in exchange policies, API updates, or market conditions can affect the functionality of any third-party software.
While developers strive to resolve issues promptly, there may be instances where certain features become permanently unavailable. Users should be aware that refunds are typically not offered once an account is opened, but switching to another version of the copy trading software is usually an available alternative.
Staying informed about updates and understanding the limitations of the software is crucial for a successful copy trading experience. Always ensure your strategy accounts for potential data delays or functional changes.
Frequently Asked Questions
What is the main change in the v3.5 update?
The v3.5 update focuses on adapting to recent API changes from the exchange. It now differentiates between hidden and non-hidden traders, offering real-time copying for open/close orders on public servers and full real-time functionality with a dedicated server.
Can I still copy trades from any trader?
No, the software can no longer copy trades from traders who have enabled the profile hiding feature on their exchange account. You can only copy from traders who have not hidden their profiles.
What is the difference between the public server and a dedicated server?
The public server is a shared resource that allows real-time copying of opening and closing orders, with a delay for other order types. A dedicated private server, for a monthly fee, enables real-time copying of all order types and can send alerts to messaging apps.
What happens if the software stops working due to an exchange update?
The developer aims to fix issues caused by external changes. However, if a feature becomes permanently unusable, refunds are not issued. Users are typically offered the option to switch to a different version of the trading software instead.
How does the 'manual add' feature work?
This feature allows you to manually increase your position in a trade you are already copying. If the leader then closes their position, the software will automatically close both the copied portion and any manually added portion of your position.
Should I use proportional or fixed-amount copying?
Proportional copying mirrors the leader's position size relative to your capital, while fixed-amount copying uses a set sum for every trade. Your choice depends on your risk management strategy and account size.