WALLET BOT
Learn how to copy trade a wallet
Last updated
Learn how to copy trade a wallet
Last updated
Mizar allows you to replicate other traders' wallets and engage in trading as they do, all with just a few clicks.
To set-up your Wallet copy-trading bot, go here.
Ensure you have sufficient funds to open new trades; otherwise, your bot will be automatically paused and signals will be ignored.
In this section you can configure the main bot settings.
Give a name to your bot
Max N. of Snipes
This represents the maximum limit on the number of concurrent snipes that the bot can open. For exampe, if you set this parameter at 10, the bot will be able to open up to 10 snipes at a single point in time. If 10 snipes are active, any additional calls will go unfulfilled. It's essential to ensure that your wallet maintains a sufficient balance to cover both the overall investment and associated gas fees.
Copy Trading Wallet
This is the wallet address you'll be mirroring. By default, all buy swaps will be replicated. Make sure the wallet address is trading on the selected chain.
Select the chain where you want to trade.
These settings are the same as described in the snipe section here.
Order type
Market order will execute the order immediately while limit order will execute the order only when the entry price of the copied wallet is crossed.
Auto Copy Sell
Enabling this option will result in the copy trade of sell swaps. If any of your trading settings conflict with the sell swaps, such as your take profit or stop loss settings, the swap will be carried out based on the lower threshold. For instance, if the wallet you're copying sells with a 20% profit while your take profit is set at 50%, your sale will occur at 20% PnL. Conversely, if your take profit is configured at 20% and your wallet sells at 50%, your take profit will activate, and you will sell at 20%.
