As a Gold&FX Master Trader on Bybit, you can earn a percentage of the net profits generated by followers who copy your trades. This profit-sharing is calculated based on the High Water Mark (HWM) principle.

High Water Mark (HWM) Principle

Profit sharing is determined by the cumulative net profits (sum of realized and unrealized PnL) during a trading period, following the High Water Mark (HWM) principle.

 

• Profit Sharing occurs only if cumulative net profits exceed the last recorded highest profits.

• Losses must be fully recovered before a Master Trader qualifies for profit sharing again.

• A new HWM is established only when cumulative net profits surpass the previous HWM level. This ensures Master Traders are rewarded only for consistent profitability.

Profit-Sharing Distribution Rules

• Settlement Time: Profit sharing is distributed every Sunday at 12AM (midnight).

• Distribution Account: Profit-sharing amounts are distributed to Gold&FX Master Trader’s MT5 Account

• Profit Calculation Period: Covers trades from 12AM (midnight) on Sunday to 11:59:59PM on Saturday.

 

Please note that the above timezone is based on the MT5 time frame.

• MT5 Time Frame:

  • UTC+3 during Daylight Saving Time (from the second Sunday in March).

  • UTC+2 during Standard Time (from the first Sunday in November).

Formula 

Profit Sharing = Trading Result x Profit Sharing Ratio

Trading Result = Cumulative Realized Profits + Current Unrealized PnL − High-Water Mark Level

Example 

The table below shows the net profit details that a Gold&FX Master Trader generated for his Followers.

 

 

Week 1: With an initial HWM of 0, all $1,000 profits are eligible for profit sharing.

Week 2: The Master Trader has incurred $200 losses and the accumulated net profit becomes $800. Since it does not exceed the HWM of $1,000, no profit sharing is granted.

Week 3: The Master Trader has positions with total unrealized profits of $400, leading the accumulated PnL to surpass the HWM by $200, making $200 eligible for profit sharing.

Week 4: The Master Trader closed the unrealized profits of $400 from week 3, and earned an additional realized profit of $300 in week 4. Accumulated Profits exceed the HWM by $300, making $300 eligible for profit sharing.

 

Notes:

— If Followers unfollow the Master Trader, the pending profit share amount will be deducted from the investment amount that Followers will get back, and distributed to Gold&FX Master Trader on the following Sunday. The HWM will also reset to zero and restart upon re-following.

— Changes to the Follower's investment amount do not impact profit sharing or HWM calculations.