2024-10-30 13:55:27To help you choose a Master Trader, Bybit provides you with detailed trading performance data of each Master Trader as a reference. In addition to viewing the basic performance data of all Master Traders under the Top Master Traders and All Master Traders sections on the Copy Trading page, you can also click on a Master Trader's card to access the portfolio page to view more comprehensive trading performance data.
In this article, we will take a closer look at what the trading performance data on a Master Trader's portfolio page represents. To learn more about how Master Traders can be ranked on the Top Master Traders Leaderboard, please visit here.
Please note that the performance of both USDT Perpetual Trades and Trading Bot created via Copy Trading will be taken into account.
Portfolio Page
There are multiple sections on the Master Trader profile page, including Performance
Overview, Profit (Follower), Statistics, Statistics of Copied Trades and Follower(s).
Before we look at more detailed data, you can see the following data at the top of the page:
|
Definition |
Update Frequency | |
|
Follower(s) |
No. of Current Follower(s) |
Real Time |
|
Trading Days |
The days when a Master Trader holds open positions and created bot |
12AM (midnight) UTC Daily |
|
Stability Index |
Using advanced analytics, the Stability Index assesses how well Master Traders are dealing with volatility. This comprehensive index incorporates various audit criteria, including wallet balance, 7D ROI, and 30D Maximum Drawdown. |
12AM (midnight) UTC Daily |
|
AUM |
The total amount invested by all Followers in the Master Trader over the past 30 days. |
12AM (midnight) UTC Daily |
|
Total Assets |
The total wallet balance currently held by the Master Trader. |
Real Time |
Performance Overview
The following data can be viewed in the Performance Overview section:
|
Definition |
Update Frequency | |
ROI |
Return on investment (ROI) is an indicator used to evaluate the performance of an investment. Please note that the ROI calculations for Master Traders with Standard Account and Unified Trading Account (UTA) are different. Master Trader With Standard Account: ROI = Total Profit / (Previous Account Equity + New Deposits) Total Profit = Current Account Equity - Previous Account Equity - Total Deposits + Total Withdrawals Account Equity = Wallet Balance + Unrealized PnL Wallet Balance = Sum(Bot Account Wallet Balance) + Master Trader Account Wallet Balance Sum (Bot Account Wallet Balance) = Position Balance + Margin for Pending Orders + Remaining Margin Unrealized PnL = Unrealized PnL arising from position held in USDT Perpetual Trades and Trading Bots Master Trader With UTA: Account Equity = Wallet Balance + Unrealized PnL Wallet Balance = Sum(Bot Account Wallet Balance) + Master Trader Account Wallet Balance Sum (Bot Account Wallet Balance) = Position Balance + Margin for Pending Orders + Remaining Margin Unrealized PnL = Unrealized PnL arising from position held in USDT Perpetual Trades and Trading Bots New Deposit = Σ Asset Price × Deposit Amount Asset Price = The coin price at the time of deposit Profit = Realized PnL + Funding Fee Income - Trading Fee + Current Unrealized PnL - Previous Unrealized PnL ROI = Total Profit / (Previous Account Equity + New Deposit) Please refer to the detailed examples (*) below. |
3AM UTC Daily |
|
Master's PnL |
Total profit that includes realized and unrealized PnL. |
Real Time |
Win Rate |
The ratio of the number of trades realizing profit to the total number of closed trades. Formula Win Rate = (No. of Orders With a Positive Closed PnL + No. of Orders With a Positive Unrealized PnL) / (Total No. of Closed Positions + Total No. of Open Positions) Note: The calculation also includes the corresponding number of Trading Bot positions created through Copy Trading. |
3AM UTC Daily |
|
Follower's PnL |
Total profit of past and current Followers, including both realized and unrealized PnL. Please note that Master Trader's and Followers' PnL may be inconsistent as Followers' entry timing/prices may vary. |
Real Time |
Max. Drawdown |
A maximum drawdown (MDD) is the maximum unrealized loss for a Master Trader in the last month. A low MDD indicates that the unrealized losses from a Master Trader's trading strategy has been relatively small. Formula MDD = |Min (ROI on N-Day− Total ROI on N − 1 Days)| |
3AM UTC Daily |
Avg. PnL per Trade |
The average profit and loss of all the closed positions entered by a Master Trader. A higher value indicates that the Master Trader has performed well in terms of profit. Formula Cumulative Profit / (No. of Winning Trades + No. of Losing Trades) |
3AM UTC Daily |
|
Profit-to-Loss Ratio |
The ratio of average profit per winning order to average loss per losing order over the N days. |
3AM UTC Daily |
|
Weekly Trades |
The average weekly number of trades the Master Trader has made in the last N days. |
3AM UTC Daily |
|
Avg. Holding Time |
The average position holding period of all closed positions over the N days. |
3AM UTC Daily |
|
ROI Volatility |
An indicator used to measure the stability of a trader's earnings, where a higher value indicates less stability in returns. |
3AM UTC Daily |
|
Sharpe Ratio |
A measure of a Master Trader's profitability considering earnings volatility risk, where a higher value indicates better returns at the same level of ROI volatility. |
3AM UTC Daily |
|
Sortino Ratio |
A measure of a Master Trader's profitability considering the risk of earnings downturn, with a higher value indicates better returns at the same level of risk of loss. |
3AM UTC Daily |
|
Last Traded at |
The last time the Master Trader placed an opening or closing order. |
Real Time |
How to Calculate N-day ROI
Example 1: Master Trader With Standard Account
Assume that you want to calculate Trader A’s 7-day Copy Trading ROI between Oct 14, 2023 and Oct 20, 2023.
Let's say that Trader A had 3,000 USDT in their Copy Trading Account on Oct 14, 2023, which comprises 2,800 USDT as their initial wallet balance and 200 USDT as the unrealized profit and loss. In addition, they deposit 300 USDT and withdraw 1,000 USDT on the same day.
By Oct 20, 2023, their wallet balance had grown to 3,800 USDT with an unrealized profit and loss of 300 USDT, leaving him with a balance of 4,100 USDT in equity.
In this scenario, their 7-day ROI from Oct 14 to 20 Oct is calculated as follows:
Total Profit = Current Account Equity − Previous Account Equity − Total Deposits + Total Withdrawals − Commissions
= (4,100 USDT − 3,000 USDT − 300 USDT + 1,000 USDT) = 1,800 USDT
ROI = [1,800/(3,000 USDT + 300 USDT)] x 100 = 54.50 %
Example 2: Master Trader With Unified Trading Account
On Jan 8, 2023, Trader B’s unrealized profit and loss (UPL) is +2,300 USDT, and the trading results for the past seven (7) days are as follows:
|
Realized PnL |
Funding Fee |
Trading Fee |
|
8,000 |
300 |
400 |
On Jan 1, 2023, Trader B’s UTA account had the following assets, along with an UPL of +1,200 USDT:
|
Coin |
BTC |
ETH |
USDT |
|
Price |
27,000 |
1,500 |
1 |
|
Amount |
1 |
10 |
9,000 |
In the past seven (7) days, the following transfer activities have taken place via UTA:
|
Coin |
BTC |
LTC |
LTC |
|
Type |
Transfer In |
Transfer In |
Transfer Out |
|
Amount |
2 |
120 |
70 |
|
Prices at the time of the transactions |
28,000 |
75 |
85 |
The calculation for Trader B’s 7D ROI is as follows:
Previous Account Equity = 27,000 × 1 + 1,500 × 10 + 9,000 + 1,200 = 52,200
New Deposit = 28,000 × 2 + 75 × 120 = 65,000
Profit = 8,000 - 300 − 400 + 2,300 − 1,200 = 8,400
ROI = 8,400 / (52,200 + 65,000) = 7.17%
Profit (Follower)
Once a Follower starts following the Master Trader, their performance will be displayed under this section in real-time. The Cumulative Profit and Total ROI will be updated at 12AM (midnight) every day.
Statistics
Under the Statistics tab, there are options to select — All, Trades, and Bots.
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Trades encompasses trade data, including information on current trades and closed trades.
-
Bots refer to bot data, including details on current bots and terminated bots.
Three (3) types of data are provided here, including Earnings, Profit and Trading History.
Earnings
|
Definition |
Update Frequency | |
Cumulative ROI |
Refer to the calculation method detailed in the ROI calculation under the Performance Overview shown above, which follows the same approach. | 12AM (midnight) UTC Daily |
|
Cumulative Profit (USDT) |
Cumulative Realized PnL + Unrealized PnL for the position held in USDT Perpetual Trades and trading bot | |
|
Daily ROI |
Refer to the calculation method detailed in the ROI calculation under the Performance Overview shown above, which follows the same approach. |
Please note that the charts for Cumulative ROI and Cumulative Profit are updated hourly.
Profit
|
Definition |
Update Frequency | |
|
Daily Profit |
Daily Realized PnL + Unrealized PnL Change |
12AM (midnight) UTC Daily |
Trading History
Pair/% of the Total Trades, Total No. of Trades and PnL under Trading History will be updated at 12AM (midnight) daily. In addition, every transaction initiated by the Master Trader will be displayed under this section in real time. Please note that only Trading History of USDT Perpetual will be displayed here.
|
Definition |
Update Frequency | |
|
Pair/% of the Total Trades |
No. of Trades of the Respective Contracts / Total No. of Trades in N days. |
12AM (midnight) UTC Daily |
|
Total No. of Trades |
Total No. of positions a Master Trader has opened in N days. | |
|
PnL |
The total profit and loss of all the closed positions for the respective symbol in N days. |
Trades
You can access details on both current and past trades under USDT Perpetual Trades. The specific data that can be viewed is as follows:
Current Trader-Initiated Trades: Positions, Entry Price, Margin, Order Qty, Opened On, TP/SL, and Unrealized P&L.
Past Trader-Initiated Trades: Positions, Order Qty, Entry Price, Opened On, Closing Price, Closed On, Margin, ROI (%) and Follower(s).
Please note that Followers' positions may not always match with your Master Traders due to several reasons. For more information, please refer to here.
Bots
You can access details on both running and terminated bots under Trading Bots. The specific data that can be viewed is as follows:
Running: Market, Running Time, Trades in the last 24H, Realized P&L, Unrealized P&L
Terminated: Market, Running Time, Trade Count, Follower(s), Investment, ROI
Please note that Followers may not always have the same amount of bots with your Master Traders due to several reasons. For more information, please refer to here.
Follower(s)
In this section, you can view details of the Master Trader's Followers:
|
Definition |
Update Frequency | |
|
User ID |
− |
− |
|
Cumulative Cost |
The cumulative margin required to copy trades initiated by this Master Trader. | 12AM (midnight) UTC the next day |
|
Total Profit Received |
The total profit earned from copy trades initiated by this Master Trader. | 12AM (midnight) UTC the next day |
|
Total ROI (Follower) |
The total profit from copy trades initiated by the Master Trader/The cumulative margin required to copy these trades | 12AM (midnight) UTC the next day |
|
Days of Following |
The number of days since you followed this Master Trader. |
12AM (midnight) UTC Daily |
Disclaimer:
Past performance of Master Traders is not a guarantee of future returns. It is essential for traders to acknowledge that all investments carry inherent risks before engaging in Copy Trading. Users must assume full responsibility for comprehending and accepting these risks prior to commencing any trading activities.
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