Copytrade Buys
Last updated
Last updated
To enable this modality, we first need to add and configure the copytrade wallet(s), then we need to enable Copytrade. This should be done per chain.
To begin, use /sniper to bring up the main menu, and select Copytrade. Next, select the chain of interest and you will be redirected to the Copytrade Main Menu shown in Figure 29 below.
Two buttons stand out:
ON/OFF: A global toggle to enable/disable copytrading.
Add Wallet: Allows you to add up to three wallets to track (10 wallets for⭐️Premium users).
To add a wallet, simply click on "Add Wallet or Contract". The bot will first prompt you to select a name for the copytrade wallet and then provide the wallet address. For the sake of demonstration, we will add a wallet and name it "Test". After adding the wallet, the Copytrade Main Menu will have a new row, as shown in Figure 30 below.
At this point, we have added a wallet to track, but copytrade is not yet enabled. The ❌ button in Figure 30 removes the tracked wallet, while clicking on the wallet name itself opens the Copytrade Wallet Settings, shown in Figure 31.
You might notice that the the menu looks very similar to the call channel menu in Figure 16, except for the omitted Track button and the added Copy Sell button. Tracking is automatically enabled for wallets you add, as long as the toggle in Figures 29 and 30 is set to 🟢ON.
For a more detailed explanation of what the buttons in Figure 31 correspond to, please consult Section 5. However, we will highlight four buttons: Auto Buy and Buy Amount buttons, as they are vital to the functioning of our automated copytrade modalities, and the Copy Sell button, which we will explain in the next section, and the Frontrun toggle.
As usual, if you want the bot to auto-buy immediately when the tracked wallet performs a buy transaction, you NEED to enable Auto Buy here and in your Wallet Buy Settings (two locations). You will also need to fill the ✏️ Buy Amount field, explained below.
Similarly to your Wallet Buy Settings, you can also specify the Max MC, Min/Max Liquidity, Min MC/Liq and Max Buy/Sell Tax for which the bot will trigger an auto-buy when it detects a valid transaction by the tracked wallet. By default, these values will mirror the ones that are set in your Wallet Buy Settings, but you have the option to further customize them directly in the Copytrade Wallet Settings. In such cases, the values specified in the Copytrade Wallet Settings will take priority over the ones specified in your Wallet Buy Settings.
This serves as the maximum allowed auto-buy amount. For example, if you set Buy Amount to 0.5 BNB and the tracked wallet buys 0.1 BNB, then the bot will also buy 0.1 BNB, matching the tracked wallet. However, if the tracked wallet buys any amount LARGER than 0.5 BNB, the bot will only buy 0.5 BNB.
This is done to shield you from the fluctuations in transaction sizes coming from tracked wallets, especially if you’re tracking “whale” wallets that are prone to large buys that most people can’t afford.
Enable (✅) , disable (❌), or revert to global (🌐) settings for Smart Slippage on auto-buys triggered by this copytrade wallet. As a reminder, Smart Slippage will always take precedence over Slippage, and Copytrade Wallet Settings will override wallet or global settings. In other terms, enabling or disabling Smart Slippage in your Copytrade Wallet Settings will override the slippage settings specified in your Wallet Buy Settings. If you leave it on 🌐, auto-buys triggered by this copytrade wallet will simply use the Smart Slippage settings specified in your Wallet Buy Settings.
Choose the slippage to be used on auto-buys from this copytrade wallet. By default, Slippage in Figure 31 will mirror the Slippage value specified in your Wallet Buy Settings, but you have the option to further customize it directly through the Copytrade Wallet Settings. As mentioned above, Smart Slippage takes precedence over Slippage so make sure Smart Slippage is disabled for the copytrade wallet if you mean to use a custom slippage value.
Choose the gas price (BSC) or gas delta (Ethereum, Base, Linea and Solana) to be used on auto-buys triggered by this copytrade wallet. Initially, Gas Price and Gas Delta will mirror the values specified in your Wallet Buy Settings, but you have the option to further customize them directly through the Copytrade Wallet Settings. In such cases, the values specified in the Copytrade Wallet Settings will take priority over the ones specified in your Wallet Buy Settings. For sells triggered by this copytrade wallet, the bot will always use the values of Gas Price/Delta specified in your Wallet Sell Settings.
This controls whether you would like to frontrun the tracked wallet’s buys and sells. Enabling Frontrun means that the bot will use higher gwei than the tracked wallet to get ahead of it (when this is applicable, as explained earlier). There are three possible cases here:
Frontrun is enabled and the tracked wallet's transaction is detected in mempool: In this case, for buys, the bot will compare your own Gas Price/Delta (Which is set in your Copytrade Wallet Settings) against the tracked wallet’s gas price/delta + 5, and then pick whichever value is higher. For sells, the same logic applies but using the Gas Price/Delta set in your Wallet Sell Settings as the Gas Price/Delta values you set in your Copytrade Wallet Settings (Figure 31) only concerns auto-buys. This comparison allows you to ramp up the speed of your own transactions, which is especially useful if you’re pairing it with a tight slippage.
Frontrun is disabled and the bot detects the tracked wallet's transaction in mempool: In this case, the bot will use the same gwei as the tracked wallet to ensure that you don’t frontrun it. This applies for both buys and sells.
Frontrun is enabled or disabled and the tracked wallet's transaction is detected after it's mined: In this case, frontrunning is no longer an option. The bot will use the Gas Price/Delta values set in your Copytrade Wallet Settings for buys and the ones set in your Wallet Sell Settings for sells.
The bot excludes transactions that don't originate from the tracked address (fake/real airdrops, contract traders, multi-wallet transactions, etc.). Blind Follow bypasses this protection, which can expose you to fake/spoofed transactions. Only enable this if you're following a wallet that trades through transactions that do not originate from the tracked address.
Can be used to enable simultaneous buys with multiple wallets for this copytrade wallet. For further details on how to set this up, refer to Section 7.
Click on this to cycle through your wallets. The selected wallet will be used as default for auto-buys triggered by this copytrade wallet. If you want to have simultaneous auto-buys with multiple wallets for this copytrade wallet, you need to keep this setting set to your "Main" wallet as choosing any wallet other than "Main" effectively disables this functionality. This is further discussed in Section 7.
For Auto Sell, enabling this will ensure that Auto Sell is enabled by default in the Trade Monitors of auto-buys that are triggered by this copytrade wallet. The latter will only hold true if Auto Sell is also enabled in your Wallet Sell Settings, otherwise, you'd have to enable Auto Sell manually through the Trade Monitor AFTER buying. The values for Sell-Hi, Sell-Lo, Sell-Hi Amount and Sell-Lo Amount will mirror the ones that are set in your your Wallet Sell Settings, but you have the option to further customize them directly in the Copytrade Wallet Settings. In such cases, the values specified in the Copytrade Wallet Settings will take priority over the ones specified in your Wallet Sell Settings. The same applies for Trailing sell, as it needs to be enabled in both locations to be active by default after a trade.
Auto Sell refers to the limit sell functionality that gets activated through a Trade Monitor, and which sells your tokens based on limits you specify. This is different from "Copy Sell" which is the copytrade functionality that allows you to sell when the copytrade wallet sells. This will be explored in the following sub-section.
Now that we have added and configured the copytrade wallet, we just need to to enable Copytrade by setting the toggle in Figures 29 and 30 to 🟢ON.
After the tracked wallet buys a token, you will receive the notification and buy menu shown in Figure 32. Even if you don’t enable Auto Buy or set a Buy Amount, you can still manually buy through the menu. These manual buys will simply use the gas and slippage settings set in your Wallet Buy and Sell Settings for buys and sells, respectively. Manually or automatically buying the token will open up a Trade Monitor similar to the one seen in Figure 17. You can then manually sell, copy the tracked wallet’s sell (to be discussed in the next sub-section), or allow auto-sell thresholds to do the work.
