Hi everyone, I’ve put together a simple guide on how to use a bot to copy trade top wallets on Solana and on how to find them. I hope it can be useful.
Introduction
Looking to copy the trades of successful wallets on the Solana blockchain and make excellent profits without the daily hassle of finding new tokens? This guide will show you how to use Dune and the Trojan Bot to identify and analyze wallets for copy trading. All for free.
Step 1: Access Trojan Bot Stats on Dune
First, ensure you’ve set up the Trojan bot. If you haven’t, you can access it through this link for a 10% discount on fees.
Next, visit the Dune website and navigate to the Trojan Trading Bot stats section:
https://dune.com/whale_hunter/trojan-trading-bot
Scroll down to the “Degen Leaderboard” to view wallets with significant trading volume using the Trojan trading bot.
Step 2: Analyze Wallet Performance
To find the most active wallets, sort them by sell volume. Focus on wallets listed between pages 200 and 500, where substantial sell activity is typically found. Analyze the buy and sell volumes of these wallets; if the sell volume exceeds the buy volume, it could indicate a profitable wallet.
Step 3: Evaluate Wallet Results
Visit birdeye.com to evaluate the wallet’s performance over different timeframes (daily, weekly, monthly). Assess its profitability using indicators like ROI, win rate, and overall wallet activity to ensure you’re targeting a consistently profitable wallet.
Step 4: Start Copy Trading with Trojan Bot
Open the Trojan Bot on Solana, navigate to the main menu, and select “Copy Trade.” In the Copy Trade section, you can manage existing wallets or add new ones. To start copying a new wallet, click “New” to set up your copy trade configuration.
Step 5: Customize Your Copy Trading Settings
Configure the following settings:
Tag: Assign a unique identifier to your target wallet.
Wallet Address: Enter the address of the wallet you wish to copy.
Amount: Determine the amount of Solana to trade per transaction or set your buy amount as a percentage of the target wallet’s buy amount.
Buy Gas: Prioritize your buys by adjusting the gas settings to ensure timely trade execution.
Sell Toggle: Enable this option if you also want to replicate the target wallet sell actions.
Once you’ve configured these settings, click “Add” to initiate the copy trading process. Your wallet is now ready to automatically replicate trades whenever the target wallet executes a swap.
Conclusion
By following this guide, you can effectively identify and copy trade profitable wallets on the Solana blockchain. Always perform a thorough analysis and testing before committing to any investment decisions.
Tips for success
Diversify Your Investments: Avoid placing all your funds in one basket. Follow multiple successful traders to spread out the risk.
Regular Monitoring: Continuously track your portfolio’s performance and adjust your strategies based on the results.
Topic: GUIDE Solana copytrading + how to find profitable wallets (Read 45 times)
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