Creating A Copy Group
Documentation outlining how to create and manage your own FREE Copy Trading Group within the Compendium application.
Last updated
Documentation outlining how to create and manage your own FREE Copy Trading Group within the Compendium application.
Last updated
After registering for a Compendium account, you can then proceed to the user dashboard. Click on "Copy Trading" on the top navigation bar and then click on the "My Groups" tab. You will then see the green "Create New Trading Group" button.
Clicking the "Create New Trading Group" button above will display a pop-up full of information that you will need to fill out in order to continue.
Trading Group Type: The type of social trading group you wish to create. For this purpose we will select "Copy Trading Group"
Trading Group Name: What would you like your copy trading group to be called? Please follow our terms and conditions and stray away from profane content.
Strategy’s Description: Give the public details on how the copy trading group is run. Details on how to obtain a private subscription and more can also be entered here. Please make this description as thorough as possible and also include snippets on your trading style, risk thresholds, and other important variables to help other users make informed decisions.
Private Group Checkbox: You will also notice a check box for public and private group settings. Marking this checkbox will mark the group as private which means that the public can see that the group exists and read the group description but can not subscribe to the group or see details of recent trade posts. Private groups require members to be invited from that group’s admin page.
Please keep in mind that a private group cannot *currently* be marked as public after creation and vice versa. This helps to prevent problems with group subscriptions. We recommend making a new or separate group in this case.
After filling in the information, you can then press the "Save" button. This group will then become available on the "My Groups" tab of the Copy Trading page. To access group management and connect an exchange account, click on the "Manage" button in the table for that group.
After clicking the manage button, you will be forwarded to the group management page for that specific copy trading group.
On this page you can edit existing information or add the following group information parameters:
Strategy Visible Icon: Upload a 500x500 image to act as your group’s visible icon. Make sure that your uploaded graphic meets our community standards.
Telegram: You can input the URL parameters of your telegram group here. Please do not insert the whole URL. An example of this format is given in the pop-up.
Twitter: You can input the Twitter page username of your group here. Please do not insert an @ sign or input the whole URL.
Discord: You can enter the invite code for your own group discord server here. Please do not input the whole URL. Users will also be prompted to join our official Discord server for technical support if needed.
Inputting social links can help possible subscribers research further about your trading group offerings or contact you with potential questions.
Our copy trading group system is built on top of the PENDAX SDK. Our system takes a unique risk-based approach to support the most intuitive trading experience for group leaders and followers.
It is important to understand the intricacies of this platform while placing trades and subscribing. When posting a trade our system will look at the total percentage of available equity used and post this as the "risk" or "equity" factor while copying trades.
For example: If you are currently trading with an available connected balance of $100,000 and post a $1000 trade then the equity variable passed to subscribers would equate to 1%. If 1% of the connected subscriber's portfolio does not meet minimum order requirements for the traded market then the exchange in use may not allow that subscriber to post trades.
You should communicate "Minimum Balance Recommendation" with subscribers in the available dropdown below to provide insight into your equity strategy. Some traders may use smaller accounts with higher equity trades and other traders may use larger accounts with smaller equity trades.
Please make sure to save all information changes. These changes are not automatically saved.
