Aluna’s Copy Trading Feature
Copy trading, as the names suggests, allows you to copy every trade a selected trader makes.
Aluna makes the process straightforward.
To do this, select the trader of your choice, activate the copy trading feature and you will copy his/her positions.
When the trader opens a long on ETH/BTC for example, your account will automatically do the same. When the trader closes the position, your account will too. Simple.
Counter-Copy Trading: An Aluna.Social Exclusive Feature
The platform introduces a feature that is, at the moment, unique to Aluna.
Counter-copy trading allows you to automatically open and close trades doing the exact opposite of the trader of your choice.
You know that friend who is always on the wrong side of the market no matter what?
Well, now you can counter-trade him automatically!
Automation Side note
In both cases, whether you want to copy or counter-copy trader a user on the platform you will have to determine the amount of each trade you will copy.
The process is once again, easy.
If you wish to stop copying a trader, 2 clicks will do. Simple.
Automation Limitations in Beta
For the moment, the platform is still in Beta and you will have some limitations.
First of all, copy and counter-copy trading is limited to Bitfinex. Which means you will have to connect your Bitfinex account and have some crypto in there in order to use this feature.
Furthermore, a maximum of 10 positions per leader trader can be opened per day.
The fact that this feature is still in Beta also means it can be subjected to bugs at time and while this doesn’t seem to be the case, you should be aware of the risks involved.
That being said, new exchanges will soon be rolled out and the platform will become increasingly reliable over time so those are only temporary limitations.
We will be sure to update our review once new improvements are made in this area so stay tuned.