The trader you copy has their own risk limits. You may want tighter ones. Hypercopy lets you set a stop-loss and a take-profit on each copy, and closes the position on your side when a level is hit, whatever the trader does.
what the levels mean
Both are expressed as a percentage of the position's margin, the return on equity of that position, not a price.
On a spot copy there is no margin: the levels are on the price you paid. A stop-loss sells all of the token and the copy goes on — the trader's next buy is copied again — and after a step it keeps following their buys and sales.
- Stop-loss: 1% to 95%. Presets: off, 10, 25, 50%. At 25%, a position that has lost a quarter of its margin is closed. It is required for a perps copy in cross margin or like the trader: there, one position can take the whole wallet down, so off is not an option.
- Take-profit: off, or one to three steps. Each step is a gain (1% to 1000%, increasing from one step to the next) and the share of what is left to sell when it is reached; the last step sells the rest. Presets: +100% → all; +50% → 50%, +100% → the rest; +25% → 33.3%, +50% → 50%, +100% → the rest. Or type your own, as gain:share, e.g.
30:50, 60:50, 100. - Stop at entry: with steps, once the first one is taken, the rest closes if the price comes back to your entry (+0.1%, about the fees). On by default when you set steps; you can turn it off.
A step at +100% is reached when the position has doubled its margin.
Margin depends on leverage. A $1,000 position at 10× has $100 of margin; a 25% stop-loss triggers at a $25 loss, which is a 2.5% move against you. At 2×, the same 25% stop-loss triggers at a 12.5% move. Set levels with your copy's leverage in mind: in pro rata, the leverage the trader really uses; with a fixed $ or a %, the trader's, up to your maximum. The copy's summary shows it.
how hypercopy checks them
Hypercopy watches live prices and evaluates every open copied position at most every 500 ms. When a level is hit, it sends a reduce-only order at market (an immediate-or-cancel order at mid ±1%): a full close for the stop-loss, the last step or the stop at entry, the step's share for the others. If it does not fill, it is re-sent every 5 seconds until it does. A step whose share, rounded to the coin's lot size, is under hyperliquid's $10 minimum sells nothing: it counts as taken, the bot tells you, and the next step applies.
A stop-loss is a market close, not a guaranteed price. In a gap, the fill can be worse than the level.
what happens next
After a step before the last, the position stays open and hypercopy keeps following the trader on it: their cuts are copied in proportion, their adds are not, so a trade you took profit on does not grow back. Once the trader goes flat, the next opening is copied normally.
After a stop-loss, the last step or the stop at entry closes a position, that coin is blocked for the copy until the trader leaves the trade. Otherwise the trader's next add would reopen the position you just closed. Once the trader goes flat on the coin, it unblocks and the next entry is copied again. Other coins are unaffected.
choosing levels
Look at the trader's 30-day max drawdown and typical leverage on their profile.
- A swing trader at 3× with 15% drawdown: a stop-loss around 50% of margin is a 16% adverse move, roughly their drawdown. Tighter, and you will be stopped out of trades they win.
- A day trader at 10× with 20% drawdown: 25% of margin is a 2.5% move. Reasonable on BTC, tight on a mid-cap.
- Take-profit: many people leave it off and let the trader's exits do the work; a take-profit cuts winners the trader would have let run. Steps soften that: bank part of the gain and keep the rest riding with the trader, with the stop at entry so the trade cannot end at a loss once a step is taken. It makes sense when you copy a trader whose exits you do not trust, or when you want a mechanical way to bank.
interaction with the trader's exits
If the trader closes before your level is hit, you close with them, as always. If your stop-loss, last step or stop at entry is hit first, you close, and you skip the rest of that trade. After an earlier step, you stay in and follow their exits on what is left. Your PnL on the trade then differs from theirs; that is the point.
changing levels
Under my copies, change settings. New levels apply to open positions immediately and to future ones. On the summary, save as my defaults keeps these settings, steps included, for your next copies.
faq
can i set a stop-loss on one position rather than the whole copy?
Levels are per copy and apply to each position of that copy. For a single position, close it by hand on hyperliquid; hypercopy will see it and not reopen it until the trader goes flat.
does a stop-loss protect me from liquidation?
It closes before liquidation if the market does not gap past it. In isolated margin (yours, or the trader's coin by coin when you copy like them), a stop the liquidation would reach first is not waited for: hypercopy closes the position 80% of the way to its liquidation at most, around −40% of the margin at a coin's maximum leverage. In cross, the liquidation depends on your whole balance: keep the level well below it.
is the take-profit a limit order on the book?
No. Both are checked by hypercopy on prices and executed as reduce-only market closes. Nothing rests on the order book.
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