Automation Overview
Understand what each Preddy automation feature does and which one to use for your trading workflow.
Preddy automation helps you keep up with markets when you are not watching the app. Some features help you follow activity, some protect positions, and some can run a strategy for you.
Automation types
| Feature | What it helps you do | Best for |
|---|---|---|
| Copytrading | Follow another trader and automatically mirror their buys and sells using your own limits. | Running a strategy based on a trader you trust. |
| Stop losses | Sell a position automatically when the price reaches your selected level. | Protecting an open position from dropping too far. |
| Alerts | Get notified when important activity happens. | Staying informed without automating trades. |
| Wallet tracking | Watch selected wallets and see when they trade. | Researching traders or reacting manually. |
| Auto-redeem | Redeem winning tokens when a market resolves. | Cleaning up resolved positions automatically. |
Start with the feature that matches your goal. You can use alerts and wallet tracking for visibility, then add stop losses or copytrading when you are ready to automate actions.
How to choose the right feature
Watch first
Use alerts and wallet tracking when you want to understand what is happening before you automate anything.
Protect positions
Use stop losses when you already hold a position and want Preddy to exit if price drops to your chosen level.
Copy a trader
Use copytrading when you want Preddy to follow another trader continuously, with your own budget, sizing, filters, and execution rules.
Tune the settings
Once you choose a feature, focus on the settings that control size, price, timing, filters, and what happens when an order cannot be filled.
Before you turn automation on
- Know what the feature will do automatically.
- Set limits before increasing trade size.
- Keep alerts on so you can see what automation is doing.
- Review activity after the first few trades.
- Adjust filters and limits if the strategy copies too much, too little, or the wrong markets.
Copy Trading
Understand when copytrading is the right tool and how the setup flow works.
Copy Trading settings
Learn what each copytrading setting group controls.
Stop losses
Protect positions with automatic exits when price reaches your selected threshold.
Alerts
Use notifications and wallet tracking to stay informed.