🔰Copy Trade

Copy Trading is a powerful feature that allows users to automatically replicate the trades (both buys and sells) of a selected target wallet. By mirroring the actions of a specific wallet, you can take advantage of their trading strategies, helping you stay competitive in the fast-paced cryptocurrency market without constantly monitoring token launches or price movements.

This feature is ideal for users who want to automate their trading and follow the strategies of successful wallets. Whether you're looking to shadow an experienced trader or a high-performing bot, Copy Trading simplifies the process of buying and selling tokens automatically.

How Copy Trade Works

Once you set up Copy Trade, your wallet will automatically execute trades based on the actions of your selected target wallet. You can customize how much you want to spend on each trade and whether or not you want to replicate their sell actions. This gives you control over your risk and strategy while still benefiting from the performance of the target wallet.

How to Set Up a New Copy Trade

Follow these steps to set up a new Copy Trade:

1. Select Blockchain: Choose the blockchain on which you want to execute your Copy Trade to add and modify copy trades.

2. Click "Add": Once everything is set, click "Add" to create and activate your new Copy Trade. Your wallet will now begin to replicate the target’s trades based on your preferences.

3. Assign a Tag: Name your target wallet with a unique tag to easily track your copy trades. This will help you organize multiple wallets if you decide to follow more than one.

4. Set Spend Limit: Specify the amount of funds you’re willing to spend per trade. This ensures you don’t overspend and can maintain control over your trading budget.

5. Enter Target Wallet: Input the wallet address of the trader you want to copy. The system will automatically track their actions.

After setting up the Copy Trade, you will be able to see its status and manage your trades effectively.

Copy Trade Status Indicators

• 🟢 Green: The Copy Trade is active and currently replicating trades.

• 🟠 Orange: The Copy Trade is paused, meaning no trades are being copied until reactivated.

Managing Your Copy Trades

Once a Copy Trade is added, you can easily manage and edit its parameters. Here’s what you can change:

Select Copy Trade to Modify:

• Edit Tag Name: Update the unique tag for easy tracking.

• Adjust Gas Fee Amount: Modify the gas fee amount according to your trading preferences.

• Change Wallet Target: Input a different wallet address to copy.

• Update Spend Limit: Alter the spending limit for each trade.

• Toggle "Copy Sells": Adjust whether to continue mirroring the target wallet’s sell actions.

• Toggle Trade Status: Activate or Pause the Copy Trade as needed.

• Delete: Remove the Copy Trade if you no longer wish to replicate that wallet’s trades.

You can also Pause all current Copy Trades.

With Copy Trade, you can automate your trades and follow the strategies of wallets you trust, helping you optimize your trading strategy while minimizing manual effort.