Ghost positions are a common issue in copy trading that can affect Copy Bot sellers and their subscribers. This article explains what ghost positions are, how they occur, and provides practical tips to prevent them. Understanding and managing ghost positions is crucial for maintaining the integrity and efficiency of your copy trading service.
What Are Ghost Positions?
Ghost positions occur when a trading signal is sent from a Marketplace Seller's trading bot to Copy Bot subscribers, but the Copy Bot Seller experiences a trading error. As a result, the trade is executed for the Copy Bot followers, but not for the Marketplace Seller of the Copy Bot itself.
Causes of Ghost Positions
There are typically two main reasons why ghost positions appear in your trading bot as a Copy Bot Seller:
Insufficient Funds: A trading signal is received, but you don't have enough funds of the quote currency available, and the "Force minimum buy amount" option is disabled.
Account Errors: Other issues in your account, such as incomplete crypto exchange verification (KYC) or buy amounts smaller than the minimum trade amounts of your crypto exchange, can lead to ghost positions.
Can Ghost Positions Be Removed?
Ghost positions can only be sold by the Marketplace Seller of the Copy Bots. This can be done through the Copy Bot seller's Dashboard.
Preventing Ghost Positions: To avoid ghost positions, Copy Bot sellers should:
Enable "Force minimum buy amount" option in the Base config's 'Coins and amounts' tab.
Ensure sufficient funds are available in the quote currency.
Verify their crypto exchange account
Consider minimum trade amounts on crypto exchanges.
As a Copy Bot seller, it's essential to be mindful of the minimum trade amounts on crypto exchanges and to keep the "Force minimum buy amount" option enabled. By understanding the causes of ghost positions and implementing preventive measures, you can maintain a more reliable and efficient copy trading service for your subscribers.