To start using the Hyperliquid Whale Tracker, you must enable the appropriate trading mode and configure the necessary settings for wallet tracking and signal handling.
๐น Step 1: Set Trading Mode
- Open your General settings in MagicTradeBot.
- Set the
TradingModeto:
TradingMode: hyperliquid-whale-copytrading
โ ๏ธ Note: Once this mode is enabled, the bot will no longer run normal manual trading, auto-trading, or Market Watch strategies.
๐น Step 2: Configure Whale Wallets
- Add the Hyperliquid wallet addresses you want to track under
tracking_addresses:
tracking_addresses:
- "0x2ea18c23f72a4b6172c55b411823cdc5335923f4"
- "0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae"
- Only track verified, historically profitable whales
- Avoid adding too many wallets to reduce signal noise
๐น Step 3: Set Signal & Execution Preferences
- Automated vs. Signal-Only
place_order: false # false โ signal-only, true โ fully automated copy-trading
Start with signal-only mode to observe whale behavior safely before executing trades automatically
Broadcasting Signals
broadcast_signals: true # sends signals to UI, Telegram, or logs
- Limit Exposure per Whale
max_orders_per_whale: 1 # maximum active orders per tracked whale
๐น Step 4: Start Tracking
After saving your configuration, MagicTradeBot will:
- Monitor the listed whale wallets in real time
- Generate signals or automated trades according to your settings
- Stop normal trading modes while Whale Tracker is active
โ Key Takeaways
- TradingMode must be set to
"hyperliquid-whale-copytrading" - Configure tracking addresses carefully โ quality over quantity
- Choose signal-only mode initially to assess whale activity safely
- Normal Market Watch or manual trading will pause while whale tracking is active