Mirror and Frontrun
This functionality enables the swift replication of buy and sell actions performed by monitored wallets.
Our bot offers the ability to instantly replicate the buying and selling actions of up to 20 wallets. First, we will discuss its mempool and frontrun capabilities, and then we will explain the steps required to enable this feature.
Copytrade Speed: The speed of copytrading is influenced by several factors. Depending on the situation, the bot will either frontrun the tracked wallet, match its gas settings, or execute the buy/sell action after it. Let's explore the different scenarios:
Mempool Detection: After adding a tracked wallet, the bot continuously scans the mempool for any swap transactions that involve depositing or removing tokens from the tracked wallet. When such transactions are identified, the bot considers two possible cases:
a) Sniping a Launch: This scenario primarily applies to buy actions. If the bot detects that the tracked wallet is sending a transaction to a contract that has not yet launched, it assumes that the wallet is sniping the launch through LP/method sniping. In this case, the bot will adjust its gas settings to match those of the tracked wallet. The intention is to avoid frontrunning the LP addition or launch method the tracked wallet is sniping. You will end up buying the token in the same block as the tracked wallet, but most likely after it, as you are using the same gas settings.
b) Buying/Selling Tradable Tokens: If the bot detects that the tracked wallet is sending a transaction to a contract that is currently tradable, it will adjust its gas settings to either frontrun (if Frontrun is enabled) or match (if Frontrun is disabled) the tracked wallet. This allows you to buy and sell tokens before the tracked wallet (if Frontrun is enabled), thereby securing potentially higher profits.
By incorporating these mempool and post-mined transaction detection mechanisms, our bot ensures efficient copytrading with optimal speed and gas utilization.