BOTANA
  • INFORMATION
    • What is BOTANA
    • Tokenomics
    • Roadmap
  • How To Use
    • Get Your RPC
    • Grid Strategy Robot
    • Volume Maker Robot
    • RSI Robot
    • MFI Robot
    • VWAP Robot
    • Liquidity Sniper
    • Copy Trader
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  1. How To Use

Copy Trader

PreviousLiquidity Sniper

Last updated 27 days ago

A Copy Trader Bot is an automated tool that mirrors the trading actions of a selected wallet. Here's how it works:

  • Monitoring Trades: The bot continuously tracks a specified wallet's trading activity. Whenever the target wallet makes a trade, the bot detects it in real time.

  • Automatic Replication: Once a trade is detected, the bot automatically replicates that trade in your own account, effectively "copying" the actions of the chosen trader.

  • Customization and Control: Users can often adjust parameters such as the percentage of the trade to replicate, risk levels, and which types of trades to copy, ensuring the strategy aligns with their personal investment goals.

In essence, a Copy Trader Bot enables you to follow and mimic the trading decisions of experienced or successful traders, potentially benefiting from their market insights without having to make the trades manually.

  • Create the Bot:

    • Navigate to the robot creation section in your dashboard.

    • Select the Copy Trader Bot and initiate the creation process.

  • Configure API Keys:

    • Load Your RPC Key: Connect to the blockchain by loading your personal RPC key.

    • Load Your BirdEye API Key: Enter your BirdEye API key for efficient market data retrieval.

  • Enter Target Wallet Information:

    • Set the Target Wallet Address: Input the wallet address of the trader whose actions you want to copy.

    • Provide Additional Details: Enter any additional information required to accurately track and replicate the trades from the target wallet.

  • Adjust Trading Parameters:

    • Set Take Profit (TP): Configure your take profit level to lock in gains when your copied trades hit your target.

    • Set Stop Loss (SL): Configure your stop loss level to limit potential losses in your portfolio.

  • Finalize and Activate the Bot:

    • Review all your configurations to ensure they align with your trading strategy.

    • Save your settings to activate the Copy Trader Bot, which will now automatically mirror trades executed by the specified wallet.