👀Copy Trading
Last updated
Last updated
This feature allows you to mirror the trades of selected successful traders. Adjust the settings to suit your own risk management and investment strategies.
Bitfoot offers two modes for copy trading:
Simple Copy Trade Mode
When Simple mode is enabled, all copy trades will use default settings and a common fixed amount for your trades.
Advanced Copy Trade Mode
Advanced mode allows you to set additional parameters for the copy trade.
Click on the Amount SOL: button
Enter the amount in SOL you wish to copy trade with
How Auto Buying and Selling Works
This amount is always used to mimic trades.
If the followed wallet buys tokens for 6 SOL, Bitfoot will only buy 0.1 SOL.
Bitfoot will always sell based on the proportions of the followed wallet.
If the followed wallet sells tokens for 3 SOL, Bitfoot will also sell proportionally for 0.05 SOL.
Main Menu > Settings > Defaults
In the Default settings set slippage to 30-35%. This will make sure your transctions will go smoothly even on very frequented tokens.
Main Menu > Settings > Defaults
In the Default settings, set the Tip/Priority fee to 0.001 SOL. This tip should be enough for your transactions to go among the first ones and thus capture a better price.
Click on the Add Wallet button
Assign a unique name to your target wallet.
Enter the target wallet address to copy trade.
Toggle on Copy Buys and/or Copy Sells to copy the swaps of the target wallet
Amount Multiplier Range for Default Range mode is configured in Copytrade > Copytrade Settings.
You can choose between a fixed amount or a custom range for the amount you want to copy the trade with.
You can set more various settings such as amount mode (fixed or custom range), if you want to copy trade only buys or sells, front running buys and sells, minimum and maximum original transaction amount and maximum SOL you want to spend per transaction.
Click Confirm Add button to create and activate the Copy Trade.
Sets the minimum multiplier for the amount of SOL (Solana) the bot will trade relative to its base amount. This defines the smallest possible scaling factor for trade size.
Sets the maximum multiplier for the amount of SOL the bot will trade relative to its base amount. This defines the largest possible scaling factor for trade size.
Displays the current range of multipliers applied to trade amounts, defined by Amount Multiplier Range Min and Amount Multiplier Range Max.
Specifies the maximum amount of SOL the bot is allowed to spend per transaction. This limits the maximum exposure or risk on any single trade.
Defines the minimum liquidity requirement (in SOL) for a trading pool before the bot will execute a trade. Helps avoid low-liquidity pools, which are more prone to price slippage and manipulation.
Sets the maximum allowable slippage percentage specifically for copytrading. This controls how much price movement the bot will tolerate when mimicking another trade, ensuring that the copied trade still aligns with acceptable risk limits.
