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Copy Trader

This feature allows users to mirror the trades of their favorite influencers or Key Opinion Leaders (KOLs) with minimal effort.

How it works:

  • Set Up Copy Trading:

    • Users select an influencer or KOL whose trades they want to mimic by inputting the @handle of the influencer or trader.

    • For example, “Copy @CryptoInfluencer” and the bot will automatically sync with the influencer’s trading activity.

  • Automated Trading:

    • Once set up, the bot automatically executes the same trades that the influencer makes in real-time.

    • This means if the influencer buys 100 tokens of a new cryptocurrency, the bot will do the same for the user.

  • Customization:

    • Users can customize their copy trading experience:

      • Trade Size: Decide how much to trade based on the influencer's actions. For instance, if the influencer buys 10 ETH, a user can set their bot to buy 1 ETH, 0.5 ETH, etc., based on their preferences or risk appetite.

      • Risk Management: Users can also set risk management rules such as stop-loss orders or maximum investment amounts to ensure they don’t over-leverage.

      • Multiple Influencers: Users can follow and copy trade multiple influencers simultaneously to diversify their strategies.

Benefits:

  • Empowers beginner traders to follow expert strategies without having to learn complex market analysis techniques.

  • Allows users to capitalize on real-time insights from influential traders, ensuring they never miss out on high-potential trades.

  • Provides hands-off trading opportunities, automating the process for busy users.

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Last updated 8 months ago

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