Copy trading is a powerful tool for traders seeking to leverage the expertise of successful investors while maintaining full control over their own portfolios. With this feature, you can automatically mirror trades from selected high-performing wallets on Solana, customizing every aspect to align with your risk tolerance and investment strategy.
Whether you're new to automated trading or an experienced user, Bitfoot offers two distinct modes—Simple and Advanced—to suit your needs. This guide walks you through setting up and optimizing your copy trading experience for maximum efficiency and safety.
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How to Start Copy Trading
Before diving into configurations, ensure your wallet is connected and you're ready to begin. The process is intuitive and designed for both beginners and advanced users.
Choose Your Mode
Bitfoot supports two copy trading modes:
- Simple Copy Trade Mode
Ideal for beginners, this mode uses default settings and applies a fixed trade amount across all copied transactions. It simplifies setup without sacrificing functionality. - Advanced Copy Trade Mode
Designed for experienced traders, this mode unlocks granular control over trade parameters, including multipliers, liquidity filters, slippage tolerance, and more.
Select the mode that best fits your trading style and goals.
Setting Up Copy Trading in Simple Mode
Add a Wallet to Follow
To begin copying a wallet:
- Click the Add Wallet button.
- Assign a recognizable name to the wallet (e.g., "Top Solana Trader").
- Enter the public wallet address you wish to follow.
- Confirm the addition.
Once added, the wallet appears in your Copy Trade dashboard. You can remove it at any time by selecting the wallet and confirming deletion.
Adjust Trade Amount
Set your preferred trade size by:
- Clicking the Amount SOL: button.
- Entering the fixed amount of SOL you want to use for each copied trade.
This value determines how much you allocate per transaction relative to the original trader’s activity.
How Auto Buying and Selling Works
The system scales trades proportionally based on the followed wallet’s actions:
- If the source wallet buys a token using 6 SOL and your set amount is 0.1 SOL, your bot will execute a proportional purchase.
- Similarly, if the wallet sells 3 SOL worth of tokens, your bot will sell 0.05 SOL worth—maintaining consistent scaling.
This ensures your portfolio grows in alignment with top performers while staying within your defined limits.
Select Your Trading Wallet
Click Select User Wallet for CopyTrade to choose which of your connected wallets will execute the trades. Only one wallet can be active for copy trading at a time.
Start or Pause Your Strategy
Use the ON/OFF toggle to activate or pause your copy trading session instantly. This gives you real-time control over automation without needing to reconfigure settings.
Monitor Your Activity
Once live, Bitfoot sends real-time notifications whenever a trade occurs in the tracked wallet and when your bot executes a corresponding transaction. Stay informed and in control at all times.
Optimizing Performance: Key Settings Tips
To enhance execution speed and success rate, adjust these critical defaults:
Slippage Settings
Navigate to: Main Menu > Settings > Defaults
Set slippage between 30–35% to accommodate volatile or frequently traded tokens. This helps prevent failed transactions during high market activity.
Priority Fee (Tip)
Also found under Settings > Defaults
Set a tip of 0.001 SOL to prioritize your transactions in the blockchain queue. Faster confirmation means better entry and exit prices.
Setting Up Copy Trading in Advanced Mode
For traders who demand precision, Advanced Mode offers extensive customization options.
Add a Wallet with Custom Rules
- Click Add Wallet.
- Name the wallet for easy identification.
- Paste the target wallet address.
- Toggle Copy Buys and/or Copy Sells independently.
- Choose between Fixed Amount or Custom Range for trade sizing.
You can also define conditions such as minimum/maximum original trade size and max SOL spent per transaction.
Click Confirm Add to activate the strategy.
Select Your Execution Wallet
As in Simple Mode, choose which of your connected wallets will perform the trades via the Select User Wallet for CopyTrade button.
Customize Advanced Parameters
Access deeper controls via the Copytrade Settings menu. Below are key settings explained:
Amount Multiplier Range (Min & Max)
These values define how much your trade size can scale relative to the original trade:
- Min: Smallest multiplier applied (e.g., 0.1x).
- Max: Largest allowable multiplier (e.g., 2x).
- The range dynamically adjusts trade volume based on market conditions or personal risk appetite.
Max SOL Amount Spent per Tx
Limits exposure by capping how much SOL is used in a single transaction. Useful for managing downside risk during volatile moves.
Min Pool Liquidity SOL
Sets a minimum liquidity threshold (in SOL) for any pool where a trade occurs. Avoids illiquid markets prone to manipulation or large price swings.
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Slippage Copytrade
Applies slippage specifically to copy trading operations. Recommended range: 30–40%. Ensures trades execute even during fast-moving markets while protecting against extreme deviations.
Max Same Token Purchases Count
Prevents overbuying a single asset. For example:
- Set to 1: Bot buys a token only once.
- Set to 3: Allows up to three separate purchases of the same token.
Helps avoid concentration risk and promotes disciplined trading behavior.
Max Token % Holding
Caps the percentage of your portfolio allocated to one token (e.g., 20%). When enabled, the bot will not exceed this allocation, supporting better diversification.
Default: Disabled — enable manually to apply constraints.
Supported DEXs for Copy Trading
For copy trading to function properly, the original trades must occur on one of the following decentralized exchanges:
- PumpSwap
- Raydium AMM
- Raydium CP
- Raydium CLMM
- Orca Whirlpool
- Orca v2
- Pump.fun
- Moonshot
- Meteora DLM
- Meteora Dynamic pools
Trades executed outside these platforms won't be mirrored. Always verify the DEX used by the wallet you're following.
Frequently Asked Questions (FAQ)
Q: Can I lose money with copy trading?
A: Yes. While copy trading allows you to follow successful traders, market risks remain. Always set appropriate limits and monitor performance.
Q: Is my capital safe when using copy trading?
A: You retain full control of your funds. No third party accesses your wallet—trades are executed only by your connected bot with your pre-approved settings.
Q: Can I copy both buys and sells separately?
A: Yes. In Advanced Mode, you can toggle “Copy Buys” and “Copy Sells” independently, giving you full discretion over which actions to mirror.
Q: How fast are trades copied?
A: Transactions are typically mirrored within seconds, depending on network congestion and your priority fee settings.
Q: Does copy trading work on all tokens?
A: It works on any token traded via supported DEXs. However, low-liquidity or newly launched tokens may carry higher slippage risk.
Q: Can I use multiple wallets for copy trading simultaneously?
A: No. Only one user wallet can be active for copy trading at a time, but you can follow multiple source wallets from that single execution wallet.
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