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    How Can Master Traders Rank in The Different Categories
    bybit2024-10-25 15:19:05

    Master Traders are required to first complete their NewTraders mission to be eligible for ranking and listing on the Bybit Copy Trading Recommended Page. Master Traders can rank in different categories through a two-stage evaluation process that our system uses to feature profiles on the leaderboard on the Copy Trading homepage. These stages are:

     

    1. Recall Stage: In this phase, extensive data analysis is conducted by using various algorithms and methods to filter potential candidate items related to user needs, forming a candidate set. This stage aims to achieve a high recall rate, capturing as many potentially relevant Master Traders as possible to ensure no critical information is missed.

     

    2. Ranking Stage: Building upon the candidate set obtained in the recall stage, we employ further sorting algorithms and strategies to rank the candidates. The aim is to place the most likely relevant Master Trader at the top, enhancing accuracy and user satisfaction.





    The leaderboard data is updated daily at 2AM UTC. To be featured on the Leaderboard, Master Traders are required to meet the criteria as listed below and complete all the mandatory Master Trader tasks in the Mission Center. For more details on each Master Trader indicator in the bracket, please refer here.

     

     

     

     

     

    1. Top Traders By Return on Investment (ROI)

    1.1 Recall Stage:

    • Traders must make at least 2 trades within the last 7 days
    • Have traded on at least 5 days in the last 30 days 
    • Have traded on at least 14 days in the last 90 days
    • Engage in trading activities between the 7th and 30th days
    • The maximum drawdown in the last 30 days should be less than or equal to 40% (Max. Drawdown)
    • Maintain a wallet balance of at least 500 USDT 
    • Have Assets Under Management of at least 4,000 USDT (AUM)
    • The Realized P&L from Followers in the last 30 days should be positive (30d Followers' PnL)
    • The earnings from Followers in the last 7 days should be positive (7d Followers' PnL)
    • The earnings from the Master Trader in the last 30 days should be positive (30d Master Trader’s PnL)
    • The ROI in the last 7 days should be positive (7d ROI)
    • The ROI in the last 90 days should be positive (90d ROI)
    • Have at least 4 Followers



    1.2 Ranking Stage: 

    • Sorted by 7d ROI from highest to lowest






    2. Traders With The Highest Profit For Followers

    2.1 Recall Stage:

    • Trade at least 4 times within the last 30 days
    • Your Followers should earn more than 100 USDT (30d Follower’s P&L)
    • Have a minimum of 10 Followers
    • Manage more than 8,000 USDT equivalent in assets (AUM)
    • Keep your wallet balance above 500 USDT (Wallet Balance as of the day)
    • Ensure your ROI doesn't drop below -10% over 7 days  (7d ROI)
    • Aim for a positive ROI over the past 30 days (30d ROI)
    • Maintain a positive ROI over the last 90 days (90d ROI)



    2.2 Ranking Stage: 

    • Sorted by a calculated score from highest to lowest
    • The score is determined by evaluating the Follower's earnings, 30-day ROI, wallet balance, trading activity in the last 30 days, and 7-day conversion rate, with each element carrying a specific weightage within the system. 






    3. Lowest Drawdown

    3.1 Recall Stage:

    • Achieve a minimum of 18 trading days in the preceding 90 days
    • Maintain a record of trading for a minimum of 5 days within the most recent 30 days
    • Ensure a positive ROI over the past 90 days (90d ROI)
    • Target an ROI of at least 10% for the last 30 days (30d ROI)
    • Restrict the maximum reduction in account balance within the last 30 days to 20%
    • Maintain a wallet balance of no less than 200 USDT (Wallet Balance as of the day)
    • Keep the average leverage ratio within a threshold of 25x for the last 30 days
    • Ensure positive realized PnL for your Followers over the last 30 days  (~30d Followers' PnL)
    • Attain positive realized PnL as the leader over the last 30 days (~30d Master’s' PnL)



    3.2 Ranking Stage: 

    • Sorted by a calculated Score from highest to lowest
    • The score is calculated  by factoring in the 30d ROI, 30d drawdown, trading activity in the last 30 days, 30d win rate, wallet balance, and 7d conversion rate, where each component contributes to the final score based on its respective ratio. 






    4. Top Intraday Traders

    4.1 Recall Stage:

    • Trade more than 2 times in the past 7 days
    • Achieve a minimum 20% Return on Investment over the last 7 days (7d ROI)
    • Maintain a win rate of at least 50% over the past 7 days (7d Win Rate)
    • Ensure positive realized PnL for your followers in the last 7 days (~7d Followers' PnL)



    4.2 Ranking Stage: 

    • Sorted by a calculated Score from highest to lowest
    • The score is derived from the 7d ROI, trading activity in the last 7 days, wallet balance, 7-day win rate, and 7-day conversion rate, with each element's significance reflected by its specific ratio in the calculation. 






    5. Top New Talents

    5.1 Recall Stage:

    • Trading for less than 30 days
    • Achieved a positive 7 days ROI (7d ROI) 



    5.2 Ranking Stage:

    • Sorted by a calculated score, from highest to lowest
    • The score is determined  by the 7d ROI, 7d maximum drawdown, trading activity in the last 7 days, and wallet balance. The significance of each factor is reflected by its specific proportion in the calculation.






    6. Top Balanced Traders

    6.1 Recall Stage:

    • Trading day for more than 30 days
    • Achieved a positive 30 days ROI (30d ROI)
    • No inactive badge. The inactive badge indicates that the Master Trader has had no positions in the last 7 days or no trades in the last 14 days.



    6.2 Ranking Stage:

    • Sorted by a calculated score, from highest to lowest.
    • The score is derived from the 30d ROI, 30d maximum drawdown, 30d return volatility, 30d Sharpe Ratio, 30d Sortino Ratio, trading activity in the last 30 days, and wallet balance. The significance of each factor is reflected by its specific proportion in the calculation.
    • Traders with stable profits and low drawdowns have a higher likelihood of being featured on the Top Balanced Traders leaderboard. 





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