👜Bot settings
Last updated
Last updated
Click the blue Add trading wallet + button.
Come up with a name for your wallet/bot.
If you want to import your already created wallet, paste the Private key and click Import wallet. If you want to create a new wallet, simply click Generate a new wallet.
If you choose Generate a new wallet, make sure to copy and securely store the Address, Private Key, and Mnemonic of the new wallet.
The wallet is created; click Next.
Next, you will proceed to the settings for the created bot.
Wallet address - The address of the wallet you will be following (to copy its trades).
Wallet name - Come up with a name for the wallet you will be following.
This is the main setting that enables copying purchases from the original wallet. If this setting is turned off, the bot will not make any purchases.
Enable this setting for the bot to be able to buy tokens.
If enabled, the bot will route your transactions through a private relay, and your transactions will not be broadcast on mempool. This technique will guard against MEV/sandwich bots and avoid pesky copytraders.
It is recommended to keep Anti-MEV enabled at all times on Ethereum
If this setting is enabled, the bot is allowed to buy additional amounts of a token that has already been purchased (i.e., there is an open trade).
If this setting is enabled, the bot will only be able to purchase any token once during its operation.
In case of an error during a purchase, the bot will attempt to buy the token as many times as specified here.
Recommended value: 4.
Buy Percentage is a parameter that determines the portion of funds allocated to purchasing cryptocurrency when copying the trades of the original wallet. It allows traders to adjust the size of their investments relative to the trades made by the original wallet.
Min/Max Values: From 1% to 1000%. This means that a trader can invest from 1% to 1000% of the amount that the original wallet spends on purchasing a specific asset. Additionally, the purchase amount cannot be less than Min ETH and more than Max ETH.
Buy Percentage allows you to control how aggressively or conservatively you want to follow the original wallet. For example, if the original wallet invests $1,000 in buying Bitcoin and your Buy Percentage is set to 100%, you also invest $1,000. If your Buy Percentage is set to 200%, you invest $2,000, doubling your exposure compared to the original wallet. However, it’s important to note that the purchase amount cannot be less than Min ETH and more than Max ETH, ensuring that you adhere to the minimum and maximum investment limits set by your platform.
Specify the Minimum and Maximum amounts for the first purchase in Ethereum (ETH).
The bot will purchase the same amount of ETH as the original wallet, but no less than the Min and Max values you have set.
Please note that sometimes smart contracts have restrictions on the maximum purchase amount for newly created tokens. If you exceed this limit, a purchase error will occur.
Specify the Minimum and Maximum amounts for subsequent purchases in Ethereum (ETH).
The bot will buy the same amount of ETH as the original wallet, but no less than the Min and Max values you have set.
This is the maximum number of additional purchases. If you set Max dupe buy times to 2, the bot will be able to make a total of 3 purchases of the token: the first purchase and 2 additional purchases.
When enabled, the gas amount for your purchase will include the gas used by the original wallet in the copied purchase.
Gas delta will act as the maximum priority gwei for ETH Type-2 transactions. Essentially, the bot will automatically adjust to the current average gas value and then add the chosen Gas Delta on top of it.
Example:
Average gas usage is 10 gwei
If you set Gas Delta to 3 gwei,
The gas price for your transaction will now be 10 (base) + 3 (priority) gwei.
Higher deltas will result in faster transaction speeds at the cost of higher gas fees.
Slippage is the difference between the expected price of a trade and the actual execution price, expressed in both absolute values and percentages.
Slippage can be expressed as a percentage of the expected price, indicating how much the price changed at the moment of trade execution compared to what you planned.
Example: Expected price for buying a token: $100. Actual purchase price due to slippage: $120. You overpaid 20% due to slippage.
Min/Max values: from 0 to 99%.
Recommended values:
If this is a low-liquidity new token and you want to ensure its purchase in the first minutes after trading starts, set Slippage to 90%.
If you are following a trader who is trading medium to high liquidity coins and the purchase cost is extremely important to you, limit Slippage to 20%.
Liquidity of a coin refers to the ability of the cryptocurrency to be bought or sold quickly on the market without significantly affecting its price. A coin with liquidity of $10 million has a more stable price and allows for larger trades without substantial impact on its price, unlike a coin with liquidity of $100,000.
The lower the liquidity, the higher the slippage, and vice versa.
This is the lifespan of the coin at the moment of purchase. By limiting the minimum and maximum lifetime of a coin, you can choose which coins to buy. If you want to purchase only recently launched coins, set Max CoinLifetime to 120 minutes (2 hours) or 1440 minutes (24 hours).
This is the maximum allowable commission for buying and selling the coin. In many new coins, the commissions can reach up to 35% in the first few minutes. However, if the coin takes off, these fees will be offset since you bought the coin earlier and at a better price.
Approving a token is the process in the blockchain where you grant permission to a smart contract or decentralized application (dApp) to use a certain amount of your tokens. In simpler terms, you allow the application access to your tokens for a specific purpose.
Make sure to enable this setting for the bot to be able to sell your tokens.
In case of an error while executing the Approve, the bot will attempt to execute it as many times as specified here.
Recommended value: 4.
The concept is the same as mentioned earlier.
Recommended values: 1 or 2 GWEI.
This is the main setting that enables copying sales from the original wallet. If this setting is turned off, the bot will not sell anything.
Enable this setting for the bot to be able to sell tokens while following the original wallet.
This setting allows the bot to automatically sell your tokens based on Stop-loss, Take-profit, and Time-fix.
Enable this setting for sales based on Stop-loss, Take-profit, and Time-fix.
If enabled, the bot will route your transactions through a private relay, and your transactions will not be broadcast on mempool. This technique will guard against MEV/sandwich bots and avoid pesky copytraders.
It is recommended to keep Anti-MEV enabled at all times on Ethereum
In case of an error during the sale, the bot will attempt to sell as many times as specified here.
Recommended value: 4.
When enabled, the gas amount for your sale will include the gas used by the original wallet in the copied sale.
The concept is the same as mentioned earlier.
If the original wallet sold 95% of the purchased tokens, your bot will also sell 95% by default when Copy Sell is enabled. This setting allows you to round sales up to 100%.
Simply specify the percentage at which to round up to 100% (to sell the entire position).
Take-Profit allows you to automatically secure profits when an asset’s price reaches a specified level. This helps prevent losing your gains due to sudden market changes and reduces the emotional impact on your trading decisions.
Example: You bought Bitcoin at $40,000 and set a Take-Profit at a 10% profit. When the price increases by 10% to $44,000, your position will automatically close, locking in a 10% profit.
In this example:
Price Change - This is the price of the token at which the order to close the position is triggered.
Volume - This is the percentage of tokens that will be sold when the Price Change is reached.
A Take-Profit Ladder helps secure profits in parts, reducing the risk of missing out on gains from further price movements. Instead of closing the entire position at one profit level, the trader closes it partially at each step of the ladder, allowing for gradual profit-taking while keeping part of the position open for potential further growth.
You bought Bitcoin at $40,000 and set three Take-Profit levels with gains:
First Take-Profit at +5% profit ($42,000) — closes 33% of the position.
Second Take-Profit at +10% profit ($44,000) — closes another 33% of the position.
Third Take-Profit at +15% profit ($46,000) — closes the remaining 34% of the position.
When the price hits $42,000, the first part of the position closes with a 5% profit, at $44,000 the second part closes with a 10% profit, and at $46,000 the remaining part closes with a 15% profit.
A stop-loss helps limit your losses by automatically closing a trade if the asset’s price moves against you. This protects your capital from significant losses and helps manage risk without needing to constantly monitor the market.
Example: You bought Bitcoin at $50,000 and set a stop-loss at a -10% loss. If the price decreases by -10% to $45,000, your position will automatically close, limiting the loss to 10%.
Stop price - This is the price of the token at which the order to close the position is triggered.
Volume - This is the percentage of tokens that will be sold when the Stop price is reached.
Conditional Stop-Loss is a type of order that automatically closes your position when certain market conditions are met. Unlike a regular stop-loss, which is activated immediately upon reaching a specified price, a conditional stop-loss is set at the Trigger price, and from that moment, it functions like a regular stop-loss, activating when the Stop price is reached.
Conditional Stop-Loss consists of:
Trigger Price - This is the price level at which the Conditional Stop-Loss is activated and becomes a valid order.
Stop Price - This is the price of the token at which the order to close the position is triggered. The Stop price is calculated from the Trigger price.
Volume - This is the percentage of tokens that will be sold when the Stop price is reached.
Example: If the token price increases by 100% (doubles), a Stop-Loss will be set for a price change of -15% with the sale of all tokens. This type of stop-loss allows us to secure profits in case the token rises first and then begins to fall.
The stop-loss ladder allows you to distribute risk across multiple levels, reducing the likelihood of significant losses in the event of a sharp market movement against your position. Instead of setting a single stop-loss, you place several, which provides flexibility and better protection for your capital.
In the case of a Conditional Stop-Loss, the ladder can help increase your profits.
Example: Three stop-losses are set:
The first stop-loss limits our losses if the price drops by 15% immediately after purchase. In this case, we will sell 100% of the position.
The second stop-loss activates only when the price increases by 100% (doubles). If the price then drops by 15%, the bot will sell 100% of the tokens, securing an 85% profit.
The third stop-loss is similar to the second but activates when the price reaches 200% (triples). If the price then drops by 15%, the bot will sell 100% of the tokens, securing a profit of 185%.
The number of stop-losses is unlimited. You can choose to sell not 100% of the tokens, but 1%, 5%, 10%, 30%, 50%, 85%, etc. It all depends on your trading strategy.
When the Stop Loss timeout option is enabled, the system will delay the execution of the trade for the specified amount of time (in seconds).
This is useful for preventing accidental stop-loss triggers due to temporary market fluctuations. If the price reaches the stop-loss level but quickly rebounds, the timeout allows the system to wait for confirmation of a sustained price movement before executing the order.
When the price drops to or below the stop-loss level you have set, the system will wait for the specified time. If, after this time has elapsed, the price is above the stop-loss price (as shown in the image below), the stop-loss order will not be executed, and the trade will remain open.
If, after the timeout expires, the price is still at or below the stop-loss price (as shown in the image below), the stop-loss order will be executed, and the trade will be closed.
The decision to execute the stop-loss order will be made only after the timeout has elapsed.
This setting delays the placement of stop-losses until the specified number of purchases has been made. If you set it to 2 buys, the stop-losses will only be placed after the bot has made 2 purchases in a single trade.
This can be useful when following frequently trading traders who may average down (buy more of the same token) multiple times during a token’s decline. Without this setting, your stop-loss may trigger too quickly, not allowing for averaging down.
When this setting is enabled, any further purchases of the token will be prohibited after any stop-loss is triggered in this trade.
This can be useful when following frequently trading traders who may average down (buy more of the same token) multiple times during a token’s decline. Some traders may average down up to 30 times, investing 100% of their capital into one coin.
Time-fix is another method to automatically secure a position (alongside Stop-Loss and Take-Profit), where the trigger is not a price change, but the passage of time.
Time Since
Coin’s Launch - The time since trading began for this token.
Buying - The time since your first purchase of the token in this trade.
Other Parameters:
Time Delta (min) - The time in minutes.
Volume - This is the percentage of tokens that will be sold when the Time Delta is reached.
You can also use a Time-Fix ladder in accordance with your trading strategy.
The bad trader's defense activates if the ROI of your bot (wallet) falls below the specified value within the set timeframe. In this case:
Turn Off Copy Buy - Stop buying in line with the original wallet.
Turn Off Copy Sell - Stop selling in line with the original wallet.
Sell All Assets - Close all trades (sell all open positions).
This protection allows you to quickly cease following a losing original wallet.
