In response to previous concerns raised by users regarding occasional discrepancies in fill prices between lead traders and copiers when creating positions, Gate Copy Trading has launched the function of slippage protection. This feature aims to minimize the inconsistencies in fill prices to the greatest extent possible.
About Slippage Protection
The slippage protection has been automatically configured in the backend system and does not require manual activation by users. When the system detects a significant price difference between the copier and the lead trader’s fill price, it will automatically trigger the order as a failed copy.
When a copier opens a position, a Limit order will be placed based on the lead trader’s execution price and the corresponding maximum slippage.
The platform plans to introduce a feature that allows copiers to set their own slippage range in the coming future.
The following image illustrates the slippage corresponding to different leverage levels:
How will Slippage Protection affect lead traders and copiers after launch?
Slippage protection is designed to reduce inconsistencies in fill prices between lead traders and copiers. It helps minimize earnings discrepancies caused by this issue and allows both lead traders and copiers to have a better understanding of their order information, resulting in an enhanced overall product experience.
Gate reserves the final right to interpret the product.
