<aside> 💡 Notion Tip: Document the most important information your collaborators need to know about how your work is setup and what tools the team uses!
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To utilize the services of BuddyTrading, users must deposit into their USDT account. This account will be utilized to pay the Strategy Creator and the platform whenever a subscribed strategy generates a profit. Please note that when a strategy does yield profit, the total fee incurred by the user is 7% of the profit amount.
BuddyTrading also provides a Withdraw feature on the Buddy Wallet. Users can withdraw to their connected wallet if they have an available balance on the Buddy Wallet. However, it's important to note that any withdrawal transactions that are cancelled or rejected on the Metamask extension will result in the amount being held for 24 hours. This is a necessary measure taken by BuddyTrading to ensure the best security for user accounts.
Please follow the steps below:
Step 1: Ensure that the Metamask extension is connected to the BuddyTrading website. If it's not, you will need to manually connect it to the BuddyTrading site.
Step 2: Click the 'Withdraw' button and input the amount that you want to withdraw.
Step 3: Confirm the transaction on the Metamask extension and wait for the system to transfer USDT to your connected wallet.
The Marketplace feature is divided into two tabs: 'Strategy' and 'Creators'. In the 'Strategy' tab, users can find a list of 'Top Trending Strategy' and 'Top Profit Strategy'. These lists provide users with an overview of the most popular and successful strategies currently available on the platform.
In the 'Creators' tab, users can find a list of Strategy Creators. This allows users to explore different creators and find those whose strategies align with their trading goals and preferences. For more detailed information about how to navigate and utilize the Marketplace, please refer to the following articles.
In the image above, you can see various metrics related to trading. These metrics include the total number of trades, the win rate, the profit factor, and the maximum drawdown. The total number of trades represents the overall trading activity. The win rate shows the percentage of trades that resulted in a profit. The profit factor is the ratio of gross profit to gross loss, which gives an overall picture of the strategy's profitability. The maximum drawdown is the largest loss from a peak to a trough during a certain period, indicating the risk of a strategy.
In the BuddyTrading Marketplace, there is a 'Trending Strategy' feature that showcases strategies that have brought the highest Return on Investment (ROI) in recent times. By default, this list reflects the performance of strategies over the last 30 days. However, users also have the option to filter and view strategies based on their performance over shorter time frames, such as the last 10 or 20 days. This feature allows users to identify and choose strategies that align with their trading interests and goals.
In the BuddyTrading Marketplace, we also have the 'Top Profit Strategy' feature, which displays a list of strategies that have generated the highest Profit and Loss (PnL). By default, this list reflects the performance of strategies over all time. However, users can choose to view performance over closer time periods such as the last 30, 20, or 10 days. Furthermore, users can filter based on indicators that are relevant to them, such as the best Return on Investment (ROI), profit, drawdown, or win rate within these time periods.
In addition to these features, a search function is available, allowing users to find strategies by name or type. This makes it easier for users to find strategies that align with their specific needs and preferences.
In the Creators tab of the BuddyTrading Marketplace, users will find a comprehensive list of Strategy Creators who have published strategies on the platform. By default, the list displays creators with the best Return on Investment (ROI). However, users can customize this view by applying filters based on metrics relevant to their interests, such as best ROI, profit, drawdown, or win rate. This allows users to view more about the creators and choose from the list of strategies they have published, making it easier to find strategies that align with their specific needs and preferences.