CopyWise is the second evolution of copy trading, enabling users to copy not people, but proven professional trading strategies that are updated daily by professional traders.
We’ve made CopyWise so easy for traders to launch and run leveraged futures strategies that they can do it in just a few simple steps.
However, there are occasions when users just can’t get it up and running, or they may run into problems after launching.
We’ve broken down some of the most common issues that CopyWise traders run into.
1. Not Enough USDT in Spot Wallet
CopyWise bots draw from USDT balances in your spot wallet. If all of your money is in the futures wallet or in another currency, the CopyWise bot will not launch.
Make sure that you have enough USDT in your spot wallet by either transferring funds from another platform or topping up directly with your credit card.
Think about how much you’re willing to invest, and top up with that amount. Note that to buy USDT with your credit card, you need to pass KYC on BTSE.
2. Not Enough Money Invested
While we’ve lowered the investment threshold for most CopyWise bots, but depending on strategy, you still need to invest a bit of money into them or else the bot won’t be able to build a position.
Most bots have a minimum investment requirement, as designated by the > sign below.
Here, you need to invest at least 3.19 USDT in this dogwifhat (WIF-PERP) bot.
3. Your TP/SL Targets have been triggered
After launching a bot, you may notice that it has deactivated for no apparent reason. This is because each bot has built-in take-profit and stop-loss parameters.
When a bot does well and accumulates a certain amount of profit, the position will be sold off to lock in those profits, with the profits being added to your CopyWise wallet.
Conversely, if a bot is doing poorly, the position will be closed at a small loss to prevent further losses. This is done to prevent you from getting liquidated and losing too much.
Even though you’ll lose some money, you’ll still have enough left to make more trades and make your money back.
Key Takeaways
If your bot isn’t working, it’s usually because of these three reasons:
- Not enough USDT in your spot wallet
- Not meeting the minimum investment threshold for a particular bot
- TP/SL targets have been triggered and your bot has been deactivated
Other CopyWise Resources
- 4 Simple Steps to Launch Your First CopyWise Bot (Desktop)
- 5 Steps to Launch Your First CopyWise Trading Bot
- 7 Most Frequently Asked Questions About CopyWise
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.
Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives. It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.
