Bitcoin Forum

Hi on the Bingx copytrading platform there is a trader with 3068 trades won and only 1 trade lost. He only trades long and with only x2 leverage.

Does anyone know what strategy he uses and why he only trades long and how he gets those results? I understand he uses a bot?

The first thing you should know is that it is using a low leverage.

No one can know his strategy unless you know him and ask him about it.

But you can always have your own strategies and move towards the one that favour you the most.

Risk management, using low leverage, learn more about indicators, controlling your emotion and to be discipline are part of trading strategy, but there is more to it.

As a result, his win percentage is around 100%. It's certainly achievable with little leverage, as you said previously. Even if the leverage is simply x2, a tiny percentage increase in price will gain you a lot if your capital is so large. So if he closes a position with only a 1% to 3% profit, it is considered a victory. Because he only experienced one loss, I believe his stop loss is set at a risk-reward ratio of 2:1 or 3:1. I've seen some folks that trade in this manner and are still profitable. We don't know what his approach is, but he most likely just trades when the market is trending. He appears to be a scalper trader.

It would be interesting to know what his risk reward ratio is and how much profit he has made percentage wise and value wise after3068 trades.
I could use 2x leverage longing Bitcoin with just only 5 dollars as my equity, I open a position and close it few seconds or minutes later when the price increases by 5 or 10 from the entry price https://bitcoindata.science/api/localprice.php?coin=bitcoin&amount=1&currency=USD (https://bitcoindata.science/bitcointalk-api.html#local-price) which is very easy to achieve on Bitcoin and this will be recorded as a win.

I could repeat this over and over again and make it look like I have a very good trading strategy with a high win rate, yet I am not actually making any good profits.

Even if he would really be doing this then it would really be still considerable when you are tending to scalp out price movements or basing on volatility but of course you would really be needing to consider those fees
everytime you close an order which would really be making out deductions. AS for that 3068 trades win with 1 trade lost then it is really that exceptional basing up on the numbers but its true that i could really repeat out that very small margin in terms of price and then closing up a winning trade which it do really really counts. As for strategy then there's no way on knowing on what strategy he is using whether having that bot or manually be doing this.

Leverage of 2x is certainly a very low leverage and the risk is also lighter. Only doing long trades so he is more relaxed.
Look at the volume of trading he does, of course, he uses large funds to do it, because if you only use a small amount of profit will also be smaller.
He has his own strategy and analyzes well.

That may be his strategy so that his trading activities look more with less defeat. it is useful to attract the attention of people to follow him and choose him.
Then the profit he will get will also get.

The major reason I hate some of this copy trading stats is that someone could actually be using a very small equity to trade, like 1% of his total equity or even just 1 dollar. He will open 100x leverage positions, price moves the direction by over 10%, his ROI goes somewhere close to 1000% and boom! He's account gets ranked as the top traders by ROI just for risking $1 or 1% of his totally equity.

Since a very small margin is used, even the fees will not be that much. So he could go on for quite a good number of trades before thinking of adding a few more dollars to the derivatives account

I wish OP would tell us the name of the account trader. I have a Bingx account, I would love to check out his statistics.

If you read the negative comments about them https://www.trustpilot.com/review/bingx.com?stars=1 (https://www.trustpilot.com/review/bingx.com?stars=1), you will find that most of them are concentrated in Very unprofessional staff or problems with the support team, so I will not rule out that this account is managed by managers, or at least Associated with them in order to attract others to use his trading copies or to use the platform as a whole.

These services are based mainly on the greed and laziness of the users. The user does not want to learn trading and is lazy to learn trading, he is looking for a quick solution and definitely will not search much when he finds something good to be true, so he follows that thing without thinking. This thing may be 3068 Trades Won and only 1 Trade Lost. The only losing deal is to drive away doubts.

It’s basically impossible to have a hit rate that well. Most likely what he is doing trading with extremely low leverage and basically never closes his losing trades. He probably keeps them open.

You need to becareful with many of these Copy traders. They usually get a lucky streak but it’s short lived. Eventually you start to follow and shortly after some trade goes against them and they end up blowing their account up and yours. Most profitable traders don’t share their positions.

Only one lost? Thats odd. Its super effective method whatever it is. Plus can you share some proof this could be just a show off in any case cause the win rate is too high. I think that would be great to follow if ever its true. Though 2x leverage cant be considered high risk and almost the same with spot trading.

He cheats, or uses very very small (1 cent trades) on a big bankroll of 1000 dollars or something, and as soon as it hits 1 pip he sells, with no expiry or deadline, and on a very small market cap coin that he himself controls (trades between himself).

Easily done, all done before, without further data it is simply not possible to understand how profitable he actually is ;)

Well unless you talk to him and have some interview then you'll get to know how he's able to make such trades more wins and have that accuracy.

As you've said he uses only 2x leverage and that's low and I guess that he's aware of what he's doing. It's also possible that the pair that he's doing it is with btc/usdt so he gets in with a perfect timing just after the market plummeted.

Maybe that's it and maybe not as well. We will never know until that guy you've seen on that platform speaks for his own.

Using a low leverage like x2 is wisely and good in risk management. It will help that trader to avoid forced liquidations better. That stats is very impressive, 3069 trades and only 1 lost trade, that is nearly perfect.

I don't know that trader but assume your information is true, he must use a very strict trading strategy. He must be very disciplined and accept to don't trade if risk is big. It means when he opens a trade position, he knows chance to get profit is big. If he trades manually, he must be a very disciplined trader.

However I believe he traded with a trading bot but you provided lack of information. 3069 trades but I need time for those trades, within 1 month, 6 months or 1 year or 2 years.

Exactly.

For example, 2x leverage is a good one for high market cap coins like BTC. Longing it at the current price would mean liquidation price would be at around 13K. If using small margins like 1 or 2 dollars, the trader can even afford not to use any stop loss or risk reward ratio and will close the position at whatever price is above the entry price. That will be recorded as a win for him. What he will care about is the win rate but not the ROI which could as well even be in negatives due to fees.

https://talkimg.com/images/2023/06/08/wxlp8.png

But what is happening is against the concept of copytrading, meaning that the main goal is to achieve profit and a high return, such useless gains, and if it is real, then it is scam because it shows the user as if he is an expert, while all he does is content with a little profit.

It is like someone who opens the trade and does not close it until after he earns a dollar. It is true that he earns daily, but the return on investment may be the least that the banks give you and without getting tired.

I think it depends on how each person in trading can achieve their goals because the ultimate goal is profit.

We can say it is impossible or can be done but we don't know what the purpose of that person is trading like that. After all, we also don't know if that person is such an expert that he only had one loss. It's interesting to learn because not many people can do it.

And as long as it is for profit, people can use various methods, including what he did. And for people who want to copy his trades, you better be careful because we don't know how he trades. It's better to rely on our ability to trade so that we can improve our skills if we still can't help to make a profit.

That trader is surely doing something fishy and keeping the ones in dark who are copying his trades. There isn't a strategy to win all of the time in the world of crypto-trading. Even if someone is expert in technical analysis he/she still has to face some looses once in a while, and that's enough to prove that strategies aren't always profitable and the market changes could destroy them.

In the world of crypto-trading news media and other huge whales have enough power to change the condition of the market and if someone is constantly getting profitable trades then that trader will never ever share his trades and his open positions with anyone. Why would someone allow others to copy him if he is making millions per trade? I don't think that anyone would do that and that's why you should be careful when you are copying the trades of a user whom you don't know personally.

Instead of following him and copying his trades why don't you learn trading yourself so that even if a trade doesn't work, you can still protect yourself from huge losses. I recommend you to learn trading as a beginner and only trade with short amount of money in initial stages of learning. After experiencing the trading you'll learn a lot about it in some time and may earn good income from trading.

Even if it is possible to have a hit rate that high, the profit ratio will probably be very low since he is using only 2x leverage. Personally, I don't understand why people would follow others in trading instead of doing it themselves and it is not that difficult if one wants to learn, it is your money and you should be the one taking investment decisions with your own money and not someone else. Learn how to trade and how to do analysis and do it yourself.

As you said, these traders will not always provide profits to their followers too, if their trades start going wrong, they won't really care about their followers and make trades for them but they will start trying to correct things that have gone wrong with their own accounts and trades.

From the available information, it is not possible to tell whether the trader uses a bot or not. It could be very much possible. It could be sheer luck or extreme precision. The only thing I can say is that the trader uses very low leverage which makes his trades more economically effective and profitable. I see some people calling it fishy but I do not find it fishy at all. In the real-world stock market, I have seen multiple traders making money with such precision without subscribing to any signal services. So such kind of result is actually possible. This doesn't prove that the trader is doing something wrong or fishy.

Or it could be one of the platform-owned accounts. Some platform owner uses accounts with ramped-up stats to make their copy trading services more popular among the users. It could be one of them.

That’s a small leverage and with his BOT, he might be able to set up a good pattern and it has a good results too. If he only lose one, then it can tell that his strategy is effective, and that copy trading site offers a good one. I’m just wondering if its a high leverage, can that site provide more winnings too? Are you able to see high bettor and lose only small amount of money from their trades?

I don’t trust all those copy trader’s but i don’t see anything special in the strategy which he used, if you are in future trading and you are using just 2 leverage, it will be kind of difficult to lose money, even if you are at lose, you can just leave it their and it’s going to bounce back, with 2 leverage your chances of losing money will be very slim, that’s why people think he is a professional trader. the same way your profit will be small whenever you are making money, but you will have rest of mind because your chances of being liquidated is very slim.

The strategy which he used is that he used 2 leverage, if you are a trader and you use little leverage, then you won’t really be losing money, but your profit won’t also be much compare to if you are using a high leverage, but  we all know that risk management should be taken serious when trading.

How can we discuss a trader if we haven't seen his profile and the deals he has made? Before you ask such a question, you need to first place a link to his profile here. But I doubt that there is such a trader who has 3068 profitable trades against one unsuccessful one.

It is impossible to know with such little data, as you do not really tell us anything about that trader except the number of won trades, if I were to guess I think they take a very small profit from each one of their trades, and if for some reason the market goes against them then they just hold and wait until the market changes direction, however make no mistake, as absurd as it may sound such a trader can still lose money if that loss is big enough, since I doubt they use a stop loss, taking into account their high winning rate.

Well, the answer to your questions is very simple, Every trader has their own way of making trades and has their own strategies which we should not worry about and maybe sometimes those traders do not want us to know that because if we know his tip or trick then why we will follow his/her trades anymore and then we do not have to give commission to those too. And that traders will not like that.

So, i think you have to give him some commission if you want to copy-trade of him. Well, if you are smart enough you could find that out on your own by comparing the patterns of market and Fundamental analysis. And you might get to hold on to something when you start pattern analysis.

Maybe he might be using bots or financial bots, but that also does not mean he could win that many trades because i know financial bots platforms gather data from the past and collect patterns too and then analyze it and then distribute your capital in many tokens to increase your revenue which you have given in the submission form as a target attribute. Other than that, i hope you could also share the profile of that trader or any name so that i can check his stats too because saying here without any proof cannot be trusted blindly so you should proof your statement too.

Am I the only one who thinks that this is like an advertisement to that site the OP mentioned? But it can be effective as It can encourage someone to visit it and use their copy trading feature. That is not wrong as long it was a legit website and we can also experience what the traders there are experiencing. They only take a small profit because the leverage is only time two. That was fine, at least the risk is also small and it's normal to make a long winning streak using that kind of strategy.

A trader that we copy can lose big if they increase the amount that they will trade but we that copies them can only lose less if we only placed smaller amounts.

Using only low leverage is not so risky and if you really want to hold it for longer time it would be good. Maybe the user doesn't want to take profit in small span of time only and he is aiming for that coin to be profitable in a long run. I think he also invested after he see the charts and understand the patterns or he did SOME FA and TA before doing it. Long trades is good only if you have high hope in that particular coin and has a great reputation.

Let me guess, you believe all his record to be truth and not manipulated by system just to tease the users of the platform in seeing as the best trader to copy? For your information no experienced and successful cryptocurrency can have this record.

You just said the strategy he used yourself.

You calm he used bot. Just be careful buddy because the level of hype in the crypto market is crazy.

Short answer: No

Long answer: He may have used a bot to call the shots for him which is what a lot of people in this industry do anyway so nothing new, plus why would you want to read his strategy and learn it by heart if a. You don't know the guy and have no ways of ever getting in touch with him to ask what he does to win so much and lose so little. b. If the copytrading of that platform really works? A little counterproductive don't you think? Plus I think I cracked his code. You said he only trades long, most hot coins in the market yield profits if you hold long anyway, especially when it comes to the upper echelons of cryptocurrency like bitcoin and ethereum. Are you sure he's not trading those coins?

Quite Shocking results hmm,
Well, I think the reason is mentioned by yourself as buddy he is using the lower leverage of 2x and with that, I think he would be holding the trades for a longer time. Don't fall for stats you never know the inside story.

My Concern

It seems shady because such stats really attract the users towards the copy trading, Consider if he is using low leverage and you copying the trade but there can be a huge difference in the liquidation price because you do not know how much amount he is holding with his cross leverage trade so buddy be careful while going for the copy trade.

My concern depends from platform to platform because some of them provide greater transparency and some of them don't.

Op where did you source your information and how do you about total trade won and only a trade was lost?
If you have the direct link or profile  to them why not ask over there to get the appropriate answer, one thing I understand so far about trading is that, if there are strategies that perfectly working fine for me, if I do not release them you may not know about it until I freely share with or without some engagements, I think so it's to Bingx and they are in the right position to explain more better.

This is one thing for sure that almost all copy trade are bots enable trade and sometimes it may malfunction causing a huge lose. If you had intention to copy trade then always be watchful not to run lost.

I don't think it's easy to get such a good Risk & Reward ratio.

Most likely what he is doing is using the long term technique with the method of holding positions while in a minus (this requires strong fund security) with very low leverage, he may keep negative positions open until he gets a profit.

Be careful with lots of Copy Traders like this. They usually get lucky but are short lived.

Eventually what they wanted was fulfilled with you starting to follow and soon after a few trades went against them and they ended up blowing their account and yours. The most profitable traders don't split their positions.

Reminds me of an anime I was watching with my nephew.

One of the characters argued that her machine had a 100% success rate, but it turns out she wasn't testing her machines even once because no matter how good they are if they will fail once and work 1 million times it won't be 100% anymore.
Same here, if you're not losing your position it means you haven't yet lost, besides, at x2 if he plays with pennies as some others suggest probably he can exchange a week of beer money for a year of not-closed losses.


This is the most annoying aspect on topics here, people who come and say I've seen this and that on some platform, a  friend told, I know a guy without actually showing what they talking about.
I've found a  guy with 100%, and +250 trades and one with 450 but I quit browsing that damn website:

https://bingx.com/en-us/CopyTrading/1158896475034845191/?apiIdentity=0&rankStatisticDays=30&list_id=all&from=1&type=

https://bingx.com/en-us/CopyTrading/1163380660729036807/?apiIdentity=1163607983166013444&rankStatisticDays=30&list_id=all&from=1&type=

I believe he is using a bot to ensure he wins every trade, but I agree that his win ratio is nearly 100%. However, I don't believe he is making good profit from each trade. It's possible that he is only making a few dollars from each trade, which isn't particularly difficult when dealing with Bitcoin. As we are aware, Bitcoin's price can fluctuate alot, sometimes ranging from negative several hundred $ to positive several hundred $ in a single day. Therefore, it is possible to execute successful trades consistently with Bitcoin.

This is just my assumption though. There could be other factors or strategies he is using. The only way to truly find out is by personally asking him.

he uses as low leverage as possible to minimize the risk of the trades he makes. you could copy this one, but we wouldn't know how exactly the strategy he followed in the many long trades he made.
Everyone has their strategy, and so do you. try it with low leverage and also some trading indicators that you master. maybe you will find your trading style. after that, you can consistently use it to effectively get profits.

I am not going to really trust that to be true, I feel like it doesn't make that much sense to me at this point. Could it be that someone who just makes multiple trades with multiple accounts and just make sure that the one he does well stays at the top and the ones he does badly stays down and the income for being this good and paid by others to help them somehow trumps the losses he gets trying to do it?

I am just making an example, maybe he uses some other method, but I honestly do not trust someone that has over 3k true trades that made him a profit and just 1 loss, that just doesn't look like it would be realistic. One would be so rich with that it would make trading futile after some point and he would be swimming in cash living a dream life instead of chasing more.