# Copy Trading

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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.

{% hint style="warning" icon="eyes" %}
Copy Trading is not a dollar-for-dollar mirror. Results depend on strategy settings, balance, leverage, timing, and execution conditions.
{% endhint %}

## 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.

{% hint style="info" icon="info" %}
Learn how to deposit [here ↗](https://docs.onfomo.com/trading/deposit-and-withdraw)
{% endhint %}

## How to Get There

<figure><img src="https://2325506464-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlIW0oNLH3epVeVo2e3SG%2Fuploads%2FUdGDVZkSmc1SuZJG17YD%2FTwo%20ways%20to%20start%E2%80%A8.png?alt=media&#x26;token=cb1c999a-17e9-4e6e-ae24-2e5400957038" alt=""><figcaption></figcaption></figure>

A Copy Trading strategy can be started from two places:

#### From Strategies

Open "Home" → **Strategies** → **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

<figure><img src="https://2325506464-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlIW0oNLH3epVeVo2e3SG%2Fuploads%2FykYIVXkgaOToMheHNtgK%2FNew%20Strategy.png?alt=media&#x26;token=789aecd0-c6f6-46c7-ae73-674322c5f2c7" alt=""><figcaption></figcaption></figure>

{% stepper %}
{% step %}

#### Enter a Strategy Name

Pick something recognizable, especially when running several at once.
{% endstep %}

{% step %}

#### Confirm the Leader Wallet

Either pre-filled from the profile or entered manually.
{% endstep %}

{% step %}

#### Choose Scaling

Controls how order size relates to the leader's: **0.5×**, **1×**, **2×**, **5×**.

Adjusts order size relative to the leader's:

> **Example №1:** Scaling **2×**. The leader uses 20% of their balance. The strategy uses 40%.

> **Example №2:** Scaling **0.5×**. The leader uses 20% of their balance. The strategy uses 10%.
> {% endstep %}

{% step %}

#### Open Advanced Settings

Optionally, open [**Advanced Settings**](#advanced-settings) to fine-tune thresholds, allocation, exits, leverage, and pair filters.
{% endstep %}

{% step %}

#### Tap Start Copy Trade

The strategy goes live immediately.
{% endstep %}
{% endstepper %}

### Advanced Settings

All parameters can be changed later via **Edit Strategy**. Changes apply to the next copied trade, not to existing open positions.

<figure><img src="https://2325506464-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlIW0oNLH3epVeVo2e3SG%2Fuploads%2FS8JphXxgPyAJCzKsvK42%2FAdvanced%20Settings.png?alt=media&#x26;token=7e11789a-d61a-42eb-9e70-a439d1d80dc4" alt=""><figcaption></figcaption></figure>

{% tabs %}
{% tab title="Sizing" %}

#### Threshold

Sets the minimum leader position size required to trigger a copy.

**%** — positions occupying less than X% of the leader's balance are ignored.

**$** — positions smaller than a fixed dollar amount are ignored.

> **Example №1:** Threshold 5%. Leader's balance is $100,000. A $3,000 position (3%) is ignored. A $6,000 position (6%) triggers a copy.

> **Example №2:** Threshold $1,000. Any leader position below $1,000 is ignored regardless of their balance size.

#### Allocation Mode

Determines how position size is calculated.

**%** — 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** — a set dollar amount is used to open the position once. Subsequent leader increases and partial closes are not mirrored.

> **Example №1:** Allocation %, Scaling 1×. 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 №2:** 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.
> {% endtab %}

{% tab title="Exits" %}

#### Exit Mode

Defines how the strategy handles closing when the leader reduces or exits.

**%** — positions close proportionally as the leader reduces theirs.

**Forced** — the entire position closes when the leader's position drops by the set percentage from its peak.

**Manual** — no automatic exits. All positions must be closed by hand.

> **Example №1:** Exit %, set to 10%. Each time the leader's position decreases by another 10%, the strategy closes a proportional amount.

> **Example №2:** Exit Forced, 50%. Leader's BTC position drops from peak $10,000 to $4,800 (52% drop). The follower's position closes entirely.
> {% endtab %}

{% tab title="Risk & Leverage" %}

#### 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.
{% endtab %}

{% tab title="Filters" %}

#### 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** — only the selected pairs are copied. All other assets are ignored, even if the leader actively trades them.

**Exclude** — all pairs are copied except the selected ones.

Pairs are managed through the **Add Pair** screen with search and selection.
{% endtab %}
{% endtabs %}

## Managing a Live Strategy

<figure><img src="https://2325506464-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FlIW0oNLH3epVeVo2e3SG%2Fuploads%2FiLNTzcXErK9OUlE4Ofdi%2FManage%20from%20one%20place.png?alt=media&#x26;token=95dd4ee7-a0bc-402b-8108-075e8a36db8f" alt=""><figcaption></figcaption></figure>

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.&#x20;

{% hint style="info" icon="info" %}
Learn more about PnL Cards [here ↗](https://docs.onfomo.com/trading/pnl-cards)
{% endhint %}

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.

| Reason                  | What It Means                                                        |
| ----------------------- | -------------------------------------------------------------------- |
| 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

<details>

<summary>Why does PnL differ from the leader's?</summary>

Prices, leverage, timing, and strategy settings all shape the outcome. Copy Trading interprets leader trades through configured parameters, so exact matches are not expected.

</details>

<details>

<summary>Why wasn't a pre-existing leader position copied?</summary>

Only positions opened after the strategy starts are tracked.

</details>

<details>

<summary>Can copied positions be closed manually?</summary>

Yes. Full control over all positions is retained at all times.

</details>

<details>

<summary>What happens on pause?</summary>

New trades stop copying. Open positions remain untouched.

</details>

<details>

<summary>What happens on delete?</summary>

The strategy is removed. Open positions stay open until closed manually. Cannot be undone.

</details>

<details>

<summary>Can any wallet be copied, even outside Insights?</summary>

Yes. Paste any Hyperliquid address in the "Insights" search bar or during strategy creation.

</details>

<details>

<summary>Can two strategies follow the same leader?</summary>

No. One strategy per leader.

</details>