Copy Trading
Copy curated Smart Traders or any Hyperliquid wallet with configurable sizing, exits, leverage, and pair filters.
Copy Trading lets traders automatically follow wallets directly from FOMO's curated Insights collections or from any Hyperliquid address. When the leader opens, increases, or closes a position, the system performs a corresponding action on the follower's account based on the configured strategy.
Browse Smart Traders filtered by performance, risk, and trading style, then copy the ones that fit. Or paste any wallet address and build a strategy from scratch.
Sizing, leverage, exits, and filters are fully configurable. One strategy follows one leader. Multiple strategies can run across different leaders at the same time.
Copy Trading is not a dollar-for-dollar mirror. Results depend on strategy settings, balance, leverage, timing, and execution conditions.
Before You Start
An available balance is required. Copy Trading uses deposited funds to open positions automatically. Only positions opened after a strategy starts are tracked; pre-existing leader positions will not be copied.
Learn how to deposit here β
How to Get There
A Copy Trading strategy can be started from two places:
From Strategies
Open "Home" β Strategies β Create Strategy, then paste any wallet address. This path works best when the address is already known.
From a Wallet Profile
Open "Insights," browse Smart Trader collections (FOMO Smarts, New Whales, High-Efficiency, Safe & Smart, 90%+ Winrate, and others), tap into any wallet profile, and tap Copy Trade.
Any Hyperliquid wallet can also be looked up by pasting an address into the search bar at the top of "Insights," where every wallet has a profile page with a Copy Trade button, even outside curated collections.
Create Your First Strategy
Choose Scaling
Controls how order size relates to the leader's: 0.5Γ, 1Γ, 2Γ, 5Γ.
Adjusts order size relative to the leader's:
Example β1: Scaling 2Γ. The leader uses 20% of their balance. The strategy uses 40%.
Example β2: Scaling 0.5Γ. The leader uses 20% of their balance. The strategy uses 10%.
Open Advanced Settings
Optionally, open Advanced Settings to fine-tune thresholds, allocation, exits, leverage, and pair filters.
Advanced Settings
All parameters can be changed later via Edit Strategy. Changes apply to the next copied trade, not to existing open positions.
Threshold
Sets the minimum leader position size required to trigger a copy.
% β positions occupying less than X% of the leader's balance are ignored.
$ β positions smaller than a fixed dollar amount are ignored.
Example β1: Threshold 5%. Leader's balance is $100,000. A $3,000 position (3%) is ignored. A $6,000 position (6%) triggers a copy.
Example β2: Threshold $1,000. Any leader position below $1,000 is ignored regardless of their balance size.
Allocation Mode
Determines how position size is calculated.
% β the position scales proportionally to the leader's capital usage. Supports opens, increases, and partial closes.
In this mode, the Threshold (%) setting also applies to position increases: if the leader adds less than the configured percentage, the increase is not copied.
Fixed β a set dollar amount is used to open the position once. Subsequent leader increases and partial closes are not mirrored.
Example β1: Allocation %, Scaling 1Γ. Leader allocates 10% of their $200K balance to BTC long. The strategy opens a proportional position using 10% of the follower's available balance.
Example β2: Allocation Fixed, $50. Regardless of leader's position size, the strategy opens exactly $50. If the leader doubles the position later, nothing changes on the follower side.
Exit Mode
Defines how the strategy handles closing when the leader reduces or exits.
% β positions close proportionally as the leader reduces theirs.
Forced β the entire position closes when the leader's position drops by the set percentage from its peak.
Manual β no automatic exits. All positions must be closed by hand.
Example β1: Exit %, set to 10%. Each time the leader's position decreases by another 10%, the strategy closes a proportional amount.
Example β2: Exit Forced, 50%. Leader's BTC position drops from peak $10,000 to $4,800 (52% drop). The follower's position closes entirely.
Balance Usage
Caps the portion of balance available for this strategy. Presets: 50%, 100%, 200%, 500%.
At 100%, the strategy can deploy up to the full available balance. At 200%, margin beyond the balance can be used (higher exposure, higher risk). At 50%, only half is available, limiting total position size.
Leverage & Margin Mode
Follow Leader mirrors the leader's leverage and margin mode for every trade.
Max Leverage uses the maximum available leverage for each pair, regardless of what the leader uses.
Copy Sides
Limits which directions are copied: All, Longs only, or Shorts only.
When set to Longs, any short position the leader opens is skipped. Events will show a Side mismatch entry.
Selected Pairs
Controls which assets the strategy copies. Two modes:
Include β only the selected pairs are copied. All other assets are ignored, even if the leader actively trades them.
Exclude β all pairs are copied except the selected ones.
Pairs are managed through the Add Pair screen with search and selection.
Managing a Live Strategy
After launch, the strategy page is the single place to monitor performance and adjust behavior.
The overview at the top tracks how the strategy is performing: PnL, ROI, win rate, volume, and when the last trade was executed. The linked leader wallet makes it easy to revisit the trader's profile and reassess fit at any point.
To control exposure quickly, Pause Strategy freezes all new copying without touching open positions. This is useful during high-volatility events or when the leader's style temporarily diverges from expectations. Launch Strategy resumes from the next new leader trade.
Open positions appear under the Positions tab. Each one can be closed individually or all at once through Close All, with a confirmation step. Since copied positions behave like any other position in the account, TP/SL and margin adjustments can be applied at any time, giving full manual control on top of the automated flow.
The History tab stores closed trades. PnL cards can be shared from here.
Learn more about PnL Cards here β
When something doesn't behave as expected, Events is the diagnostic tool. Every action the strategy took or skipped is logged with a reason. If a leader opened a position but the strategy didn't follow, Events will show whether it was a threshold filter, a side mismatch, a balance cap, or an execution failure.
To adjust strategy parameters, tap the pencil icon to open Edit Strategy, which mirrors the creation screen (the wallet field is labeled Copied Wallet here). Changes take effect on the next trade.
To remove a strategy entirely, tap the trash icon on the Edit screen. All open positions remain and must be closed manually. This action cannot be undone.
Why Trades May Not Copy
If a trade was expected but didn't appear, the Events tab will show the reason.
Strategy paused
New trades are not copied while paused
Pair filtered
The pair is excluded in Selected Pairs
Threshold not met
Leader's position was below the configured Threshold
Balance limit
The strategy reached its Balance Usage cap
Insufficient balance
Available balance cannot cover the minimum order size ($10)
Order failed
The order could not be filled due to market conditions
Side mismatch
Leader's direction conflicts with the Copy Sides setting
No position in strategy
Leader closed a position that was opened before the strategy started
FAQ
Why does PnL differ from the leader's?
Prices, leverage, timing, and strategy settings all shape the outcome. Copy Trading interprets leader trades through configured parameters, so exact matches are not expected.
Why wasn't a pre-existing leader position copied?
Only positions opened after the strategy starts are tracked.
Can copied positions be closed manually?
Yes. Full control over all positions is retained at all times.
What happens on delete?
The strategy is removed. Open positions stay open until closed manually. Cannot be undone.
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