Copy-Trade on Minara

Copy trading allows you to automatically mirror the trading activity of wallets you trust — without writing code or placing orders manually.

Once set up, your Minara workflow will track selected wallets on-chain and replicate their buy/sell actions according to your own sizing and risk rules.

How It Works

With Minara’s copy-trading workflow, you can:

• Monitor wallets on supported chains in real time.

• Auto-execute the same buy or sell orders using your connected Minara wallet.

• Receive notifications by Telegram or email when each trade is mirrored.

All trades currently operate on spot tokens within supported chains (see system documentation for the latest list).

What You’ll Build

A workflow that:

1. Watches one or more target wallets on-chain.

2. Automatically executes equivalent buy/sell trades from your Minara wallet.

3. Notifies you each time a trade is mirrored.

Step-by-Step Setup

1. Pick wallets to follow

   • Get the wallet addresses you want to copy (e.g., 0x1234...abcd).

   • Choose active traders with real on-chain volume — copying dormant or spam wallets will waste resources.

   • You can monitor multiple wallets in a single workflow.

2. Create your workflow in Minara Example prompt:

   “Watch this wallet DbrdV2... on the Solana chain, and copy each buy/sell action with $50 per trade.”

3. Set execution rules

   • Use fixed trade amounts (e.g., $50 per order) for predictable performance and easier risk control.

   • Optional: apply whitelist/blacklist filters — e.g., only follow top-cap tokens, or exclude meme coins.

4. Choose notification method

   • Select Telegram or Email to receive trade execution alerts.

5. Deploy and monitor

   • After deployment, Minara will continuously track your target wallets.

   • When a supported trade occurs, it will mirror the action according to your configuration.

   • You’ll receive a notification for every execution.

Best Practices

• Vet before you follow. Many “popular” wallets belong to insiders, short-term memecoin players, or aggregators. Research before copying.

• Start small. Begin with limited capital to confirm accuracy and latency.

• Use whitelist/blacklist filters.

  • Whitelist trusted tokens (e.g., BTC, ETH, SOL).

  • Blacklist high-risk or newly launched tokens.

• Diversify your sources. Follow several wallets with different styles to reduce exposure to any single trader.

• Stay updated. Strategy changes, wallet inactivity, or liquidity shifts can all affect performance.

• Monitor latency. Minor execution delays can occur depending on network congestion.

Risk & Delay Notes

• Latency: Copy execution is near real-time, but slight delays can happen depending on the monitored chain and RPC response.

• Liquidity: If the copied wallet trades in low-liquidity pairs, your replication might slip in price.

• Spam or spoofed wallets: Always confirm the authenticity of the wallet before following.

• No guarantees: Copy trading mirrors transactions, not performance — you remain responsible for your own trading outcomes.

Current Limitations

• Supports spot tokens only (no futures or leverage yet).

• Works only for supported chains on the Minara Monitor system.

• Does not yet support proportional sizing or position tracking — all trades use fixed size rules you define.

Future Developments

Minara is expanding its copy-trading capabilities to include:

• Proportional trade sizing (e.g., match 10% of the source wallet’s trade).

• Daily/weekly spend limits for better risk control.

• Smarter filters (e.g., copy only if trade > $10K, or exclude tokens under $1M market cap).

• Portfolio mirroring — replicate entire holdings, not just single trades.

• Futures and leverage support in upcoming versions.

Learn More

For detailed examples and future plans, please visit: How to Create a Copy Trading Bot