Copy trading places real funds into live markets, which move against a position as readily as with it. Profiles, settings and position screens each carry their own vocabulary, and a term read the wrong way produces a setting that does not behave as expected. This glossary defines the wording XT uses, and does not remove risk.

The Core Roles

Copy Trading. One user’s orders reproduced automatically in another user’s account. The outcome depends on the lead trader’s activity and the follower’s settings.

Lead Trader. The user whose orders are copied. On XT futures this requires identity verification, at least 100 USDT in the futures account, and a three-month earnings screenshot. Lead traders cannot follow others.

Follower. The user copying. A follower can follow 20 lead traders at once; adding another means cancelling one first.

Copy Order. The follower’s own order, created when a lead trader’s trade is copied. Followers can close these independently of the lead trader.

Lead Trade. The lead trader’s own position. Their “Current Orders” and “Order History” exclude follower data.

Futures and Spot Copy Trading. The first copies perpetual futures positions, which involve leverage and margin; the second copies spot activity, reviewed under “My Copy Trades”.

Understanding Trader-Profile Metrics

Each metric below reports part of a record that already happened. None is proof of future outcomes.

ROI (Return on Investment). Profit divided by cost over the selected period. Daily ROI = daily P/L ÷ maximum invested principal that day × 100%.

Win Rate. Closed profitable trades ÷ total closed trades × 100%. It counts how often trades closed in profit, not how large the results were.

Drawdown. The percentage decline from the highest ROI point to the lowest. XT notes lower values indicate stronger risk resilience.

Total Follower P/L. The sum of all followers’ profits during the selected period.

Copy Trading AUM. Total spot copy trading assets under the trader’s management, in USDT.

Trade History and Order History. XT’s labels for a past record, for followers and lead traders. XT publishes no field called “historical performance”, and “copy trading days” appears only in a lead trader’s follower-management view.

Ranking tags. The Copy Trading Feed can be browsed by tags such as “Profitable” and “Most followers”. A ranking sorts a past record, and is not a recommendation.

Understanding Copy Methods and Settings

Direction. Forward Copy: the lead trader opens long and the follower opens long, the same direction. Reverse Copy: the lead trader opens long and the follower opens short.

Copy Margin and Maximum Copy Amount. The margin committed to copying, and the follower’s ceiling on it. The minimum is 10 USDT and the maximum copy-trading amount 200,000 USDT across all copy-trading currencies; a copy exceeding the ceiling fails.

Trading Pair Selection. Followers choose which futures pairs to copy. Pairs not matching the lead trader’s are a documented cause of failed copies.

Leverage. Set per long and short position, and synced to the trading interface.

T/P and S/L Ratios. A take-profit and stop-loss percentage applied to every order copied from that lead trader. Illustrative: at 50%, the system closes at market price once profit or loss exceeds 50%. If the lead trader’s own stop-loss or take-profit triggers first, the follower’s setting becomes invalid and the position closes early. See the Operation Guide for Followers.

Copy Method	Basic Concept	What the User Sets	Key Consideration
Fixed Amount	The same margin on every copied order	A fixed margin figure	Illustrative: set 100 USDT, each order uses 100 USDT
Multiplier	A multiple of the lead trader’s size	The multiple, per pair	Illustrative: BTCUSDT at 3x, a 0.1 BTC lead order becomes 0.3 BTC
Proportional Copy	The same percentage of available margin as the lead trader	Proportional mode	Illustrative: the lead trader uses 10% of available margin and 100 USDT is available, so 10 USDT is used; moving funds out changes the ratio

The copy method cannot be changed mid-copy: cancel the follow, then set the new method.

Execution and Position Terms

Opening Price. The price an order actually opened at. XT’s screens say opening price, not entry price.

Average Opening Price. The blended opening price across all orders in a position, and the most misread field in the product. Each order in “Current Orders” shows its own opening price, but unrealised P&L on every order is calculated from the position’s average opening price, not from that order’s own opening price.

Illustrative, from XT’s example: open 1 ETH at 1800, then 1 more at 1830; the average becomes 1815. Unrealised P&L on the 2 ETH position is (1830 – 1815) x 2 = 30 USDT. Order 1 still shows 1800 and order 2 shows 1830, yet both are valued against 1815, so each shows 15 USDT. Full detail: P&L data explainer.

Execution. The point at which an order is filled. A follower’s order may not open at the same price, or give the same result, as the lead trader’s.

Slippage and Liquidity. Slippage is the gap between expected and actual execution price. XT describes differing opening prices as rare, arising with less liquid cryptocurrencies where following orders execute at market prices.

Position Size and Margin. The quantity held and the funds backing it, drawn from the futures account.

Unrealised and Realised P&L. Unrealised P&L is profit or loss on an open position, valued against the average opening price; realised P&L is locked in once it closes.

Liquidation. The forced closure of a leveraged futures position. XT notes the liquidation price is not shown in “Current Orders”.

Terms Related to Copying Outcomes

Failed Copy. A copy order that does not open. Placing an order does not guarantee execution; the causes are set out in XT’s guide to why copy trading fails.

Insufficient Margin. Not enough copy margin, or an order below the minimum position size.

Minimum Nominal Value. XT’s wording is nominal, not notional. A copy trade below the pair’s minimum nominal value will not open.

The Lead Trader’s Pending Order. A state of the lead trader’s order, not a follower-side figure. While it is pending and not fully executed, it cannot be copied.

Maximum Position Limit. A copy exceeding the maximum position allowed by the leverage in use will not open.

Copying Stopped and Cancel Copy. A follower can cancel copying, and the system stops it automatically if the copy margin balance is below 10 USDT and copying fails 20 consecutive times. No copy opens if the copy price deviates from the lead price by 0.0500.

Existing versus New Positions. The Smart and Custom distinction. Smart Copy Mode joins a lead trader’s existing positions and matches their leverage automatically. Custom Copy Mode copies only new positions, with leverage set manually. More: Copy Trading FAQs.

Common Terms That Are Easy to Misread

ROI versus P&L. ROI is a percentage of invested principal; P&L is an amount.

Win Rate versus Drawdown. How often trades closed in profit, versus the depth of decline from peak to trough.

Lead Trader P/L versus Follower P/L. These diverge when a follower closes early or raises leverage in Custom mode. XT suggests setting a stop-loss beforehand.

Copy Settings versus Guaranteed Matching. Settings describe intent, not a guarantee every order is copied.

Trader Ranking versus a Recommendation. A ranking orders a recorded past and assures nothing about what follows.

Opening Price versus Average Opening Price. The per-order price shown is not the price its P&L comes from.

Historical Performance versus Future Performance. A past record is a record; it does not predict the next trade.

A Copy Trading Glossary Checklist

Before following anyone, a user should be able to state: what Smart and Custom modes do; which copy method is set, and that it cannot change mid-copy; the copy margin and maximum copy amount; the pairs and leverage selected; what happens if the lead trader’s T/P or S/L triggers first; where unrealised P&L comes from; and that every metric reports a past record only.

Conclusion

A glossary does not reduce market risk. It removes ambiguity, so each metric, settings field and position screen can be read for what it reports, not what its label suggests.

About XT Exchange

Founded in 2018, XT Exchange is a global digital asset trading platform serving more than 12 million registered users across over 200 countries and regions. Its services span spot, margin and futures trading, TradFi market exposure, a real-world asset marketplace, and everyday payments through XT Pay. Guided by Xplore Crypto Trade with Trust, XT Exchange enters its ninth year with Build the NeXT, reflecting its focus on trust, broader market access, and practical uses for digital assets.

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Disclaimer: XT Exchange reserves the right, at its sole discretion, to modify, amend, or cancel this announcement at any time for any reason without prior notice.