Copy Trading Basics
What is a Copy Trading Strategy?
A Copy Trading Strategy, or Strategy, is a feature that replicates the trades of a list of blockchain addresses. You can utilize Candlestick’s TraderScan to discover top traders and add up to 10 addresses to your strategy.
Is there a fee for using the Copy Trading Strategy feature?
Yes - there is a 1% trading fee for using the Copy Trading feature. A Vault implements your Strategy - that being said, all trades that happen in the Vault will be charged a 1% fee, regardless of your membership status.
How are fees taken?
Do I need to pay a gas fee for copy trading?
Yes, you must pay gas fees to execute transactions on the blockchain. 100% of the fee goes to the blockchain's miner or validator.
What is the minimum amount required to start a Copy Trading Strategy?
The minimum trade size for copy trading is 0.02 ETH. To cover at least two trades, plus gas fees, starting with a minimum of 0.05 ETH is recommended.
Why isn't my Copy Trading Strategy making money?
Copy trading doesn’t guarantee profits, even when replicating the trades of a previously successful address. Various factors, including slippage, liquidity, buy/sell tax, and the token’s trade status, can impact performance and alter outcomes between trades. Additionally, your chosen execution settings affect the timing and triggers of trades, which may lead to some trades failing or not being executed. It's important to conduct your research, verify the trading activity of the addresses you follow, actively monitor your positions, and adjust your execution settings to optimize results.
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