๐ฏ New Slippage Settings on Binance Copy Trading: How I Stopped Losing on Winning Trades
Today, Binance rolled out something game-changing for copy traders like me: custom slippage settings.
#SlippageControl #Copytrading A few hours ago, this feature hit my accountโand it couldnโt have arrived at a better time. Iโd just experienced the perfect example of why slippage settings matter.
Hereโs the story, my real screenshots, and how to avoid the same mistake.
โ The Problem: Winning Trader, Losing Copier
I follow a lead trader on Binance Futures who has been solidly profitable. But strangely, on two trades where they made nice gains, I lost money instead.
Example from my screenshots:
โ
Lead Traderโs Short Trade #1
Entry Price: 109,431.95 USDTAvg Close Price: 109,191.10 USDTPnL: +30.3472 USDT profit
Meanwhile, my copied trade showed this:
โ My Short Trade #1
Entry Price: 109,076.88 USDTAvg Close Price: 109,191.09 USDTPnL: -0.6853 USDT loss
Waitโฆ how could I lose on a winning trade?!
๐ Calculating Slippage
The culprit? Slippage.
Letโs do the math.
Difference in Entry Price:
109,431.95 (lead) โ 109,076.88 (mine) = 355.07 USDT
Percentage slippage:
\text{Slippage} = \frac{355.07}{109,431.95} \times 100 \approx 0.324\%
Thatโs over 0.32% slippage.
For a short position, entering at a lower price means youโre closer to your take profit. You have less room to profitโand higher risk of a loss if the price bounces.
๐ The Second Trade: Same Story
Trade #2 told the same tale.
Lead Trader Entry: 107,446.93 USDTMy Entry: 107,085.01 USDT
Difference:
107,446.93 โ 107,085.01 = 361.92 USDT
Percentage slippage:
\text{Slippage} = \frac{361.92}{107,446.93} \times 100 \approx 0.337\%
So my entries were roughly 0.33% worse than the lead traderโs.
The result? I lost money on both trades, while my lead made profits.
๐ Binanceโs New Slippage Feature
Luckily, today Binance released Max Entry Slippage settings for copy trading.
Previously, you had no way to control how much the copied entry price could deviate from your lead traderโs. Now you can set a maximum percentage deviationโbrilliant for preventing exactly the problem I had.
Hereโs how it looks in the app:
โ
How to Set Your Slippage
Given my slippage was about 0.33%, Iโm adjusting my settings lower to avoid future losses.
My new plan:
โ Set Max Entry Slippage = 0.2%
This means:
If the market price deviates more than 0.2% from the lead traderโs entry, the trade wonโt execute.It protects me from getting worse entries and turning winning trades into losses.
โ๏ธ Pros & Cons of Tight Slippage
โ
Pros
Protects you from bad fillsAvoids losing on otherwise profitable tradesImproves consistency in copy trading
โ Cons
Might miss fast-moving trades if prices shift quicklyLess chance of getting into very volatile trades
Iโd rather skip a trade than enter at a price that guarantees a loss. So Iโm sticking with 0.2% for now.
๐ง How to Change It
Go to your Copy SettingsTap Max Entry SlippageSet to 0.2%Tap Confirm
Done!
๐ Takeaway
If youโre copy trading on Binance:
๐ Check your slippage settings.
Without it, you could lose money on winning trades. Itโs fantastic Binance finally added this controlโand my real-life loss proves why it matters.
Iโm excited to keep copy trading with this new safeguard in place.
Your Turn:
Have you noticed losses from slippage while copy trading? Drop your thoughts below!