The place_order setting controls how your bot responds to signals generated from tracked whale wallets. Understanding its behavior is essential to managing risk and automation.
1️⃣ place_order = true → Fully Automated Copy-Trading
When enabled, the bot automatically mirrors trades executed by the whales you are tracking. This includes:
- Opening positions exactly as the whale does
- Using the configured leverage, stop-loss, and take-profit settings
- Managing positions automatically without user intervention
Benefits:
- Saves time by automating trade execution
- Ensures immediate response to high-value signals
Risks:
- Exposes your account to market volatility
- Mistakes or losses from the whale’s trades are mirrored in real-time
- Requires careful risk management and position sizing
2️⃣ place_order = false → Signal-Only Mode
When disabled, the bot does not execute trades. Instead:
- Signals from tracked whales are broadcast to your dashboard or alert channels
- You can observe trading patterns and performance without risking capital
Benefits:
- Safe way to learn whale behavior
- Allows manual verification of signals
- Helps refine your strategy before full automation
3️⃣ Best Practice
- Start with
place_order = falseto monitor whale trades safely - Evaluate performance, timing, and accuracy of signals
- Once confident, gradually enable
place_order = truewith proper risk controls
Pro Tip
Think of place_order as your automation toggle. Signal-only mode is a sandbox, while the automated mode is live trading — treat them accordingly to protect your capital.