Execution Settings

What is the minimum amount required to copy a trader?

• While gas fees are associated with executing trades on the blockchain, the system will recommend a minimum trade size based on current network conditions.

• On Ethereum, it’s generally advisable to invest at least $200 to ensure the gas fees are reasonable relative to the size of your trades, optimizing the value of your transaction.

What is price protection?

• Price protection helps you avoid entering a trade with high slippage, which can lead to potential losses in copy trading. For example, a 5% price protection means that the system will only execute the trade if your buy/sell price is within 5% of the original trade's price. If the desired price isn’t met after the original order, the system will automatically place a limit order for your desired price and continue to search for opportunities over the next 15 minutes, 30 minutes, or 1 hour.

• You can adjust your price protection settings at any time, but any changes will only apply to future trades.

What happens if the system is still searching for the desired price and the copied wallet sells the token?

• If the copied wallet fully sells its tokens while the system is still searching for your desired buy price, it will automatically cancel the limit buy order, ensuring that you don’t enter a trade after the original wallet has exited.

Take-Profit and Stop-Loss Orders

• These are automated orders designed to protect your profits or limit losses by triggering a sell before the copied wallet trades.

  • Take-Profit: This order automatically sells all your tokens when the price reaches a certain percentage (x%) above your average buy price, locking in profits before the copied trader exits the position.

  • Stop-Loss: This order automatically sells all your tokens when the price falls to a certain percentage (x%) below your average buy price, limiting your potential loss in case the market turns against your position.

  Both orders help you manage risk and customize your trading strategy while copy trading.

What is High Fee Protection?

• High fee protection allows you to set a maximum gas fee limit to prevent paying excessively high gas fees during periods of market volatility.

• The copy trade will not be executed if the gas fees exceed your set limit. However, if the buy trigger remains available when gas fees drop below your maximum limit, the trade will automatically be executed, ensuring that you avoid overpaying for transactions while still capturing opportunities when conditions improve.

Selling: Pro-rata Mode

• In Pro-rata Mode, when the strategy you are copying sells a certain percentage of its holdings, the system will automatically sell the same percentage of your holdings. For example, if the copied strategy sells 30% of its position, the system will also sell 30% of your position, ensuring your trades remain in sync with the strategy proportionally.

Buy/Sell Tax Protection

• This feature prevents you from purchasing any token with a buy or sell tax exceeding your limit, with the default set at 5%.

• However, it's important to note that buy/sell taxes can change over time. There may be instances where a token's tax rate is below your set limit when you enter, but it may increase afterward, or vice versa.

MEV Protection

• All EVM trades through Candlestick are protected by Merkle.

Auto approve after buying a token

• Once a token is successfully purchased, the system will automatically approve the token for future transactions. This allows for faster and more efficient execution of any future sell orders, ensuring that your sell orders can be initiated quickly.

Slippage Setting - Buy and Sell

• The default slippage tolerance is set at 1% for buy orders and 3% for sell orders. The trade will fail if the price moves such that the return amount is insufficient within the set slippage. In such cases, the system will automatically retry the trade using the maximum slippage tolerance you've set for auto retries, ensuring a better chance for successful execution.

Slippage Setting - Stop Loss/Take Profit/Auto-Retry

• This refers to the maximum slippage applied to all your trades, including stop-loss, take-profit, and auto-retry orders. The default maximum slippage is set at 3%, but you can adjust it to fit your strategy and risk tolerance.

Auto-Retry attempts?

• The system will automatically retry failed trades up to 5 times. This increases the chances of successfully executing the trade if the initial attempt fails due to slippage or other factors. Each retry will adjust based on your set slippage and the prevailing market conditions to optimize execution.

Auto-adjusting Slippage for Tokens with Taxes

• If you're trying to buy a token with a tax, such as a 5% buy tax, but you've only set a 1% slippage tolerance, the trade will fail. This not only causes you to miss the trade but also results in wasted gas fees for the failed transaction. Auto-adjusting slippage is designed to protect you in such cases.

• When you attempt to buy a token within your desired tax range, the system will automatically adjust your slippage tolerance based on the token's tax and your initial slippage setting, ensuring your trade goes through without unnecessary failures or wasted gas fees.

Honeypot Protection

• A honeypot refers to a token that cannot be sold, which can occur for various reasons such as trading being paused, extremely high taxes, or an exploit in the contract code. To safeguard your funds, Candlestick has partnered with Tokensniffer and Honeypot.is to provide real-time token security scans. Before every copy trade, the system scans the latest status of the token you’re about to trade. If the token is identified as a honeypot, the system will immediately cancel the pending buy order, protecting you from entering a non-sellable position.

• However, since a token’s sellable status can change at any time, it’s always recommended to double-check before trading.