Smart Copy Trader v1

Overview

This strategy can monitor and copy PERP trades from another wallet or vault. It is running on the alpha system right now for an extended period of time and made some of our users significant profits.

For everyone who is interested in passive investing, we recommend this strategy as it requires no manual work after the initial setup and is highly successful when you copy the right wallet.

To use this strategy you need to have at least a Beginner level access. This will be moved to advanced soon.

Main Features

• New positions will be automatically copied

• Position changes will be copied (partial position close / take profits)

• Allows for dynamic position size scaling to also copy the risk management

• Max draw down protection

• Telegram notification integration

• Symbol whitelist and blacklist feature

Setup and Configuration

First, make sure you have the required FRAC Level of Beginner. So buy at least 1.000 $FRAC tokens and verify your wallet. Otherwise, you won't be able to see the strategy in the web interface.

To use the strategy, you need to create a new agent and select the FRAC Smart Copy V1 strategy. Or you can go to the marketplace, search for Smart Copy v1 and click the "Create Agent" button.

In the strategy configuration, you can set the watched wallet. All trades from this wallet will be monitored and copied. This is the only required setting.

• Symbol Blacklist: The blacklist features allow you to exclude certain tokens from your copy trading. The values here need to be entered as valid JSON List in the format ["TRUMP", "DOGE"] where each list item has to be a valid tradable ticker. The field can also be left empty, if you want to allow all tokens. Some tokens like TRUMP or some meme coins might show random market behavior. A single tweet can cause unpredictable results, and if you prefer a stable strategy, you might want to use this feature.

• Symbol Whitelist: This is the same logic and format as the blacklist, only that if this field is set, the agent will copy only the positions of these ticker symbols. It might make sense, if you, for example, want to trade only big and liquid assets like BTC or ETH.

• Scale Position Size: If dynamic position sizing is enabled the position size will be automatically scaled to your wallet balance. So if the original wallet has a 100k USDC balance and opens a 10k position and you have a 10k USDC balance, your position size will be 1k. This is the default and if your wallet balance differs from the original wallet, you always want to use this feature.

• Max Drawdown Percent: The strategy regularly takes a snapshot of the performance and the ATH. If there is a drawdown of more than MAX_DRAWDOWN_PERCENT the agent will deactivate itself, close all positions and stop copying the wallet. Some traders show excellent results until they have a bad day or a general market crash happens. This is an insurance against these situations and might be a good idea or not. When a market recovers quick, and you set the agent to stop copying, you might lose.

After configuring your agent, you press the "Create Agent" Button and your agent is activated by default. You can deactivate it anytime by going to the agent settings.

Setup Telegram Notifications

The strategy also allows to be used for telegram notifications only. After creating the agent in the web interface, you find the agent's public token in the frontend. You can then subscribe to these signals with your Telegram account by writing the fractrade Telegram bot ( @fractrade_bot ) using the command /subscribe and the token of the agent .

Automated trade execution via fractrade.xyz platform

If you have an execution wallet configured, which you can do in the "Wallets" menu, this strategy can automatically copy all trades in your wallet. To do so, go to the agents settings and configure the execution wallet. Please make sure to use a Hyperliquid API wallet as regular wallets are not supported for security reasons.

Automated trade execution via the Executor

You can also use the FRAC Smart Copy V1 strategy with the custom execution client. All trading signals will be written to the websocket of the agent with a small delay. You can either execute them directly or use them for further processing and custom logic.

Hints

How to find profitable traders?

There are profitable traders out there, that's a simple fact which can be proven on chain. When you copy these people, you profit as well. Simple as that. The big question now is, how to find them?

A good starting point is to use our "Traders" section on the website: https://alpha.fractrade.xyz/traders/

There you can find the best traders of the last 30 days. Some of them are more active and some less, here you can do your own research and what matches your personal style.

We are also constantly sharing and discussing such information in our Telegram Channel, so you might want to join there for more recent updates or if you have any questions.

Dynamic positions sizing and Hyperliquid Min position sizes

Each tradable token pair on Hyperliquid has a minimum order size, which is usually around 10-20$ tokens worth in USDC. If the dynamic position sizing ends up with a smaller position size, the position size will be adjusted to the min position size. This might lead to tracking differences when you copy a large wallet with a small one, but will mainly affect the risk management and not your overall profits.