🎭Copy trade
Last updated
Last updated
Copy trade allows you to select the wallet of an active trader and copy their buys and sells. It's important to have the settings configured to your wishes, as copy trading is essentially handing the reigns over your capital to someone else.
You start copy trading by selecting "New Copy Trade" from the Copy Trade menu, paste the wallet address and assign a nickname to the wallet. Below, you can find a table explaining most settings in detail.
WARNING: Some target wallets that are being copy traded will turn malicious after a while, trying to drain the capital from their copy traders by aping pump and dumps or honeypots. You can use Spending Limit to cap the capital that is being used for a specifical wallet to protect yourself.
Button | What does it mean? | Example case |
---|---|---|
Active | Toggle for activating a copy trade | You set up a copy trade for 1 SOL. You don't enable activate. You won't copy trade. |
Active: 500h | Set the duration in hours for a copy trade | When you set it to 10 hours, the bot will try to copy trade target wallet for 10 hours. |
Max Buy | Maximize the copied buy amount per trade | You put Max Buy on 3 SOL. Target wallets buy 5 SOL while you copy exact. You only buy 3 SOL worth. |
Spending Limit | Maximize the copied buy amount per target wallet | You set Spending Limit to 3 SOL for wallet X. You already copied 2.5 SOL worth of tokens. Target wallet buys 1 SOL. Your copy trade will fail as it exceeds limit. |
Buy Exact | Buy the same amount as target wallet (if under Max Buy) | Target wallet buys 3 SOL. You buy 3 SOL. |
Buy Percent | Buy a percentage of target wallet buy | You set it at 50%. Target wallet buys 2 SOL. You buy 1 SOL. |
Buy Fixed | Buy a fixed amount | You set it at 0.1 SOL. Target wallet buys 0.05 SOL. You buy 0.1 SOL. Target now buys 2 SOL. You buy 0.1 SOL. |
Copy Sells | Copy the sells of target wallet | You can chose between Sell Exact or Sell Percent. |
Sell Exact | Sell same percentage of holding a target wallet | Target wallet sells 20% of his tokens. You sell 20% of your tokens (regardless of absolute values). |
Sell Percent | Sell a percentage of target wallet | You set it to 50%. Target wallet sells 20% of his tokens. You sell 10% of your tokens. |
Anti-MEV | Use private transactions instead of public mempool | |
Tax Limit | Prevents you from buying tokens with tax above treshold | You have set Buy Tax Limit to 5%. Target wallet buys a token with 10% token tax. You do not copy the buy. |
Buy Only Once | Moves the token to "Blocked tokens" after buying once | Target buys a token twice. You buy it once. The token will be registered in blocked tokens for 7 days, preventing new buys. |