How To Copy Trade Wallets On Solana

Trading meme coins is a difficult and time-consuming process often leading traders to lose money. But what if there was a way you could copy traders who are profitable?

Luckily, it’s possible to copy trade wallets using Trojan (formally unibot). In this guide, I’ll show you how 👇

What is Trojan (Unibot)?

Trojan is a Telegram bot that allows you to buy and sell cryptocurrencies on the Solana blockchain. The benefit of Trojan is that it is ultra-fast and you can trade from anywhere using Telegram.

Disclaimer: Trading meme coins is highly risky, and using Trojan is equally risky. Use at your own risk.

How Do I Set Up Trojan?

Setting up Trojan is super easy, and only requires you to use Telegram. I’ve written a blog post on how to get set up here: How To Use Trojan (Unibot)

Step-By-Step Guide To Copy Trading

Now that you’ve set up your Trojan Telegram bot, you’re ready to start copy trading. Let’s get into it!

Step 1: Find a Profitable Wallet

The first step, and arguably the hardest step, is to find a profitable wallet to copy trade. This step will take countless hours, but here’s what I do to find profitable wallets:

1. Go to Dune Whale Hunter, and go to the Degen Leaderboard.

   

2. Find wallets with a higher sell volume than buy volume. This means they’re most likely profitable.

3. Go to birdeye and paste in the wallet address you found. You can then see their daily, weekly, and monthly PnL. Once you find a wallet you’re confident in save their address and copy it.

   

4. Lastly, use Zelfiguru to check the trader’s win rate. You don’t want to copy trade a wallet that has a low win rate.

   

Step 2: Go to Trojan

Load up your Trojan wallet and click /start.

Step 3: Click the “Copy Trade” Button

Click the Copy Trade button in the list of buttons.

Step 4: Click + New

Click the + New button in the list of buttons.

Step 5: Set The Target Wallet

Click the Target Wallet button and paste in the wallet address you want to copy trade.

Step 6: Set The Tag

Set the tag for this copy trading bot. Name it something so you can easily remember which wallet you’re copy trading.

Step 7: Set The Buy Amount

Now you have to set how much you want to buy from each copy trading. Click the Buy Percentage button. You can choose to copy trade on a percentage or using a flat amount.

For example, if the wallet buys with 1 SOL, and you set the buy percentage to 10%, you will buy 0.1 SOL worth of the coin. If the wallet you’re copy trading does huge buys, I recommend using a flat fee.

Step 7: Set The Gas and Slippage

Now you have to set the gas and slippage settings. A failed transaction can ruin a trade, so I recommend using high slippage and high gas (ex: 0.01 SOL gas, 35% slippage).

Congratulations, you’re all done! 🥳

You’re now ready to start copy-trading profitable wallets! If you found this blog post useful, be sure to share it with others :)