⚙️ How Copy Trading Works on Olympus
Olympus lets you copy trade on Polymarket by following trader wallets and mirroring their activity from your own trading wallet.
When a wallet you follow opens or closes a position, Olympus attempts to place the corresponding trade for you based on your wallet settings, risk limits, and execution rules. Olympus is designed for instant mirroring, with copied trades submitted within the same second (0-second delay) when conditions allow.
That means your results are shaped by more than just the leader's trade. Your copy settings control position size, market filters, price protection, and whether Olympus uses market or limit orders.
🧠 The Core Mechanism
When a trader you follow opens or closes a position on Polymarket:
- Olympus detects the trade activity.
- Your wallet checks whether the trade passes your copy settings.
- Olympus places the mirrored trade using your configured execution mode.
- The result appears in your Positions and Activity tabs.
A copied trade may be skipped or changed if:
- it exceeds your size limits
- it fails your filters
- it falls outside your allowed price deviation
- a limit order does not fill in time
So copy trading is automated, but still governed by your own controls.
🧩 Where You Control Copy Trading
Each followed wallet has its own settings panel.
Those controls are grouped into three areas:
- Overview — size, ratio, and execution behavior
- Filters — which trades and markets are allowed
- Advanced — webhook and special trading modes
This is where you decide how aggressively or conservatively each wallet should be copied.
📏 Overview Settings
These settings control how much you copy and how orders are placed.
| Setting | Description |
|---|---|
| Ratio % | The percentage of the leader's trade size that you copy. |
| Max Trade Size (USD) | The maximum size allowed for any single copied trade. |
| Max Market Size (USD) | A lifetime cap on how much total capital you can deploy into one market for that wallet. |
| Below Min Limit, Buy at Min | If your calculated trade amount is very small, Olympus rounds up to the minimum tradable amount instead of skipping it. |
| Accumulation Buy | Olympus can combine small partial fills from the same leader order until they reach a tradable size. |
Example:
If a leader buys $400 YES, and your Ratio % is 25%, your copied trade would aim for $100. If your Max Trade Size is $80, Olympus caps your trade at $80.
Olympus also includes a Recalculate Ratio option to help size your wallet relative to the leader's current balance.
📊 Filters
Filters let you control which copied trades are allowed.
Trade and Position Limits
| Filter | Description |
|---|---|
| Maximum Price Deviation (%) | Limits how far your fill price is allowed to drift from the leader's trade before Olympus skips the copy. You can set a global default in General Settings and optionally override it per wallet in that wallet's Filters settings. |
| Max Trades / Market | Limits how many times Olympus can add into the same market for that wallet. |
| Max Open Markets | Limits how many different open markets this wallet can have at once. |
| Max Trades / 24h | Caps how many copied trades can be taken from that wallet in a 24-hour period. |
| Minimum Trigger Amount (USD) | Ignores very small leader trades that fall below your threshold. |
| Skip Markets Expiring After (days) | Skips trades in markets that expire too far in the future. |
Market Quality Filters
| Filter | Description |
|---|---|
| Minimum Odds (%) | Skips trades below your chosen odds floor. |
| Maximum Odds (%) | Skips trades above your chosen odds ceiling. |
| Minimum Liquidity (USD) | Avoids illiquid markets where execution may be worse. |
| Minimum 24h Volume (USD) | Avoids inactive markets with weak price discovery. |
These filters are some of the most important tools for keeping copy trading disciplined instead of blindly following every move.
Note:
Maximum Price Deviation (%) has both a global default and an optional per-wallet override. If you leave the wallet-level field empty, Olympus uses your global setting. If you set it on a wallet, that wallet uses its own value instead.
🧱 Limit Buy Mode
By default, Olympus prioritizes speed and uses standard copy execution. You can also enable Limit Buy Mode if you want to prioritize price.
With Limit Buy Mode, Olympus places a limit order at the leader's execution price instead of forcing an immediate fill.
Why use it?
- potentially better entries
- less slippage
- more control in thin or fast-moving markets
Trade-off
- the order may not fill if the market moves away
- you trade fill certainty for price discipline
You can also choose how long those limit buy orders stay active using Order Expiration.
🧱 Limit Sell Mode
Olympus also supports Limit Sell Mode.
When enabled, Olympus tries to exit copied positions using a limit sell at the leader's execution price instead of immediately selling at market.
This can improve exits, but it comes with extra risk:
- the limit sell may not fill quickly
- if it stays open too long, market conditions can worsen
- Olympus uses a Sell Timeout so unfilled limit sells can fall back to a market sell
In practice, this gives you more control over exits, but requires tighter timeout settings and more caution than standard sell behavior.
🔄 Counter-Trading Mode
In the Advanced settings tab, you can enable Reverse Copy Mode (Counter-Trade).
That means if the wallet you follow buys YES, your wallet takes the opposite side instead.
This mode is useful for specialized strategies, but it should be used carefully. It changes the logic of the copied trade completely and is best treated as a separate strategy, not a minor setting tweak.
🧱 Merge / Split Copying and Safeguards
Olympus supports merge and split copying so your positions stay aligned with more complex leader behavior.
That includes:
- Merge copy — when a leader merges positions back into USDC
- Split copy — when a leader splits capital into YES/NO legs
Olympus also applies safeguards through your settings, including:
- per-trade caps
- per-market caps
- trade-count limits
- trigger thresholds
- market quality filters
- price-deviation protection
These controls help reduce unwanted exposure and keep copied trades inside your own risk boundaries.
🤖 Optional: AI Trade Analysis
Olympus also includes AI Trade Analysis, which reviews your recent copy-trading activity and helps you improve settings using your own execution data.
It can help you:
- compare your fills against the leader's entries
- spot slippage patterns
- identify skipped-trade patterns
- refine ratios and filters
This is best thought of as an optimization tool, not part of the basic copy-trading flow.
🎯 Stop-Loss and Take-Profit
Stop-loss and take-profit controls are planned, but they should still be treated as coming soon rather than part of the current core copy-trading setup.