This article covers our Trade Mirror system more in-depth. You can find our other TraM articles in case you are looking for more information on how to join a TraM, or how to open your own TraM.

Tab Overview

General Stats contains data submitted by the TraM manager, as well as data generated by trading and follower activity. The chart displays the TraM performance over the past 30 days, with 100 being 100% and the baseline, i.e. no loss or gain.

Advanced Stats will display the trading overview of the TraM. The manager may have chosen to hide this data. All data is based on the total funds in the TraM. Positions, Open Orders, and Order History can be found here.

My TraM Trades shares the layout with the Advanced Stats, but will only reflect your mirrored activity.

My TraM Wallet lists all realized P/L (Profit and or Loss) applied unto your wallet, either in Bitcoin or Euro, depending on your allocated currency,  as well as your withdrawals and/or deposits.

From Start to Finish

Who are the TraM managers? Our public TraM managers have gone through a vetting process and their trading history has been screened to verify that they are indeed profitable traders, fit for our public TraM listings. The managers have also completed the full profile verification with CoinMetro. Private TraMs are not screened, and can only be accessed via the direct link.

TraM managers trade using a version of our Margin platform, with 1.5:1 leverage. The TraM trading platform allows only trading on the main pairs where we have a high amount of liquidity available: BTC, ETH, XRP, BCH, LTC, with Euro Fiat, and the mentioned alts with BTC). The platform allows for longing and shorting of assets, and usage of Take Profit and Stop-Loss. The margin fees are 0.0822% of negative exposure only, taken from the balance daily.

What can you do as a follower? With funds allocated, there is nothing else to do except sit back, relax, and periodically review the performance. You can at any time withdraw all, or part of, your funds.

When you allocate funds, you will not enter into any currently open positions or orders (meaning, your My TraM Trades page will be empty, regardless of how the TraM currently looks in Advanced Stats).

When the manager places an order, you will place the same order together with the manager, at the same price. In case the order is only partially filled, then the order size will be proportionally distributed among all followers based on how much of their allocated funds are held in the TraM. Therefore, you will always have the same entry and exit prices as the manager.

A filled order, in this case, will be tracked as a position. As long as the position remains open, any profit or loss is unrealized. For example, this means that a trade can go into negative, before it goes into positive, at which point the manager can close the position. Only when the position is closed, will any Profit/Loss be applied to your wallets. You cannot close a position yourself unless it's closed by leaving the TraM.

So, let’s say a position was closed at a profit. The TraM fees will only apply in case your TraM balance reaches a new all-time-high value. This is known as High-Water Mark and ensures that the manager is only paid when you make a profit. The fee can be chosen by the manager, and the options are 5, 10, 15, 20, 25%, and is visible when you join the TraM. CoinMetro will also charge a fee of 1, 2, 3, 4, 5% respectively.

And what if it was closed at a loss? Please keep in mind that even professional traders can make bad trades. Traders can limit their losses and lock in profits by utilizing Stop Losses/Take Profit points. The manager will not receive the fee from the loss, and as this brings down the High-Water Mark of your funds, the manager will not receive any fee before your allocation increases above your most recent all-time-high. It is possible, while highly unlikely, that one or multiple positions could be in negative Profit/Loss to the point that withdrawing your allocated funds would give you only a small portion of your original funds.

In case you were to withdraw your funds with positions open, the open positions would be closed. What this means is that an opposite trade of each position will be placed at market price. This will realize the Profit/Loss of all your currently open positions, which can be seen in My TraM Trades. If your open Profit/Loss is -€100 and your allocation is €1,000, you would receive approximately €900 if you were to withdraw the full amount.

What can you do to improve your TraM experience? By upgrading your tier, you can reduce the TraM fees by up to 20%. You can upgrade your account only by locking XCM. Similar to the TraM ticket, the XCM can be unlocked at any point. Apart from that, there is not much you can do except enjoy the ride!

We hope that this article increased your understanding of CoinMetro’s Trade Mirror system.

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