Copy Trading
Copy Trading Instructions:
You can copy someone else's trades according to the proportion of your buy amount. You can also fix the amount by setting a maximum and minimum buy limit per trade, and you don't need to have the same SOL as the other party.
Setting a total investment amount can control your risk. You will only lose the SOL you have set aside for copying trades. Once this amount is spent, no further purchases will be made unless the copied trade is sold.
Each Token Buy Times:
Setting this number to 1 means you will only buy a token once, even if the other party buys the same token multiple times. It helps to control your risk.
Characteristics of a Good Smart Money Address:
High win rate, high-profit multiples, long intervals between trades (at least a few minutes), and small trade amounts (optional). Copying these addresses can make it easier for you to profit.
How to Find Smart Money:
Smart money is takes time to come by. You can look for popular tokens, check their profitable addresses, and paste them into TradeWiz to see their profitability.
Find addresses from the token's transaction list and paste them into TradeWiz to check profitability.
Slippage:
When you initiate a copy trade, the current price is the base for slippage. Your purchase price will be at most the slippage range. If the price rises beyond this range, your trade will not be executed, and you will be notified of a slippage failure.
RAY Slippage:
When you initiate a trade, your purchase amount is fixed, and the number of tokens you receive will decrease if the price rises. (If you set the slippage to 50%, then you will get 50% of the tokens, your cost will be 1/50%=2, and you will buy the token at a maximum of 2 times the price.)
PUMP Slippage:
When you initiate a trade, the number of tokens you receive is fixed, and the amount of SOL you spend will increase if the price rises. PUMP indicates the percentage of extra SOL you are willing to pay. (If you set the slippage to 150%, 1+150%=250%, then you will spend up to 2.5 times the SOL to buy.)
MEV Attacks:
If your slippage is set too high, you may be subject to MEV attacks, which can raise your buy price. If you enable MEV protection.
Base Price for Copy Trading Slippage:
The slippage of copied trades is based on the trader's price. However, automatic retries are based on the price at which the trade was initiated.
Why Are Some Trades Not Copied?
Due to Solana node issues, transactions cannot be 100% pushed, and there is a minimal chance that some trades will not be copied. When PUMP's LP is listed on RAY, no LP may be available for trading. If the other party buys when the PUMP is about to be filled, you may be unable to copy the trade.
Copy Speed:
TradeWiz's copy speed is faster than all other bots. With the same GAS FEE of 0.005 SOL, TradeWiz can complete a trade within 1-2 seconds, ensuring you make your trades quickly and efficiently.
Reasons for Slow Trading Speed:
Your gas fee is set lower than the fee for other transactions simultaneously, network congestion, or the transaction retried after a slippage failure.
Why Did Your Purchase Amount Exceed Your Single Trade Limit?
You bought a token on PUMP, and the PUMP slippage logic means that when you initiate a trade, the number of tokens you receive is fixed, but the SOL you spend will increase if the price rises. You need to set the PUMP slippage in the copy trading settings, which indicates the percentage of extra SOL you are willing to spend.
How to Seek Support:
Ask questions in the TradeWiz official Telegram group, and we will respond quickly to your inquiries, providing you with the support you need to navigate the platform.
If it's a transaction issue, send your transaction hash.
Note:
TradeWiz staff will never DM you first. Anyone who DMs you first is a scammer.
Starting with Copy Trading
In the menu, click on "Copy Trading."
Click "Add."
Enter the target address you want to copy.
Fill in a label to quickly identify this target address.
Click the "Create" button to complete the copy trading setup.
Copy Trading Feature Description:
Tag: Helps you identify the address.
Buy Percentage: Your purchase amount = the copied wallet multiplied by the percentage.
Max and Min Buy: Your single purchase amount will not exceed this range (calculated based on the buy percentage), but if it exceeds your set maximum or minimum purchase amount, you will buy the set maximum or minimum amount.
Total Investment Amount: The maximum amount that can be spent copying this address. The SOL amount spent copying purchases will be deducted from this limit. When copying sales, the SOL received will be added back to this limit.
Each Token Buy Times: If the address you copy buys the same token multiple times, you will only copy purchases up to the set number of times.
Buy Times Reset after Sold: If enabled, the "Number of Buys per Token" will reset after copying the sale of the token. If the other party repurchases the token, you will copy the purchase again.
Norenounced: Choose whether to copy the token purchase from the norenounced pool.
Noburned: Choose whether to copy the token purchase from the burned pool.
Copy PUMP: Choose whether to copy buy and sell transactions of tokens in the PUMP pool.
Min LP: The token purchase will not be copied if the liquidity pool is below this threshold.
Max and Min Market Cap: The purchase will not be copied if the token's market cap is outside the specified range.
Copy Sell: Decide whether to copy-sell transactions. If disabled, sell transactions will not be copied.
Sell by position ratio: Sell the percentage of the token you hold based on the copied trader's percentage sale of their holdings. If disabled, the sale amount will be determined by multiplying the copied trader's sale amount by the buy percentage.
No Position Sell Notice: When turned off, if you do not hold the token, you will not be notified when the other party sells it, reducing unnecessary notifications.
Auto Sell: Turn on auto-sell for copied trades and STAR columns. The tokens you copy will be automatically soldaccording to your auto-sell settings.
Auto Retry: This feature supports setting the number of automatic retries. If the copy trade fails, it will immediately retry, increasing the success rate of the copy trade.
First Copy Sell Percentage: When enabled, the first time the other party sells any amount of a token, you will sell the percentage of your holdings of that token.
Slippage: When you initiate a copy trade, The buy price of the address you copied will be used as the basis for slippage. Your purchase price will be at most the slippage range. If the price rises beyond this range, your trade will not be executed, and you will be notified of a slippage failure.
RAY Slippage: When you initiate a trade, your purchase amount is fixed, and the number of tokens you receive will decrease if the price rises. (If you set the slippage to 50%, then you will get 50% of the tokens, your cost will be 1/50%=2, and you will buy the token at a maximum of 2 times the price.)
PUMPFUN Slippage: When you initiate a trade, the number of tokens you receive is fixed, and the amount of SOL you spend will increase if the price rises. PUMP indicates the percentage of extra SOL you are willing to pay. (If you set the slippage to 150%, 1+150%=250%, you will spend up to 2.5 times the SOL to buy.)
Base Price for Copy Trading Slippage: The slippage of copied trades is based on the trader's price. However, automatic retries are based on the price at which the trade was initiated.
GAS Fee: The higher the GAS fee you set, the faster your transaction speed and the higher the success rate.
ANTI-MEV: If your slippage is set too high, you may be subject to MEV attacks, raising your buy price. If you enable MEV protection, you will not be attacked.
Copy Trading FAQ
What kind of wallet is worth copying?
High win rate
High multiples
High returns
Smaller buy amounts per transaction
Longer intervals between buys and sells
How do you find a good wallet to copy?
This can be challenging. You can identify addresses by looking at traders of popular tokens and then checking their profitability.
Why is your profit margin smaller than the copied address?
The price at which the other party buys and the price at which you buy will not be the same. The more significant the amount the other party buys, the smaller the token's liquidity pool (LP) will cause the price to rise more. If you buy after them, your cost will be higher. Additionally, other transactions between your trade and the copied address's trade may lead to price differences. Similar price fluctuations occur during selling.
Why does it occasionally happen that one trade by the other party results in two trades being copied by you?
This occurs because the other party's trade failed initially. We monitored it when it was broadcast but before it failed, ensuring that your trade is executed more quickly.
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