Copying starts from the Copy button on any trader page. The screen that opens is the whole configuration: there is no second set of hidden defaults behind it.
Simulation mode is on by default and you should leave it on for the first one. In simulation, no orders are sent to the exchange and the what-if is recorded instead. It costs nothing and it is the only way to see how a trader behaves against your own settings before real money is involved.
- Simulation (paper) mode
- When on, nothing reaches the exchange. Everything else on the screen behaves identically, so the settings you arrive at carry over unchanged when you go live.
- Copy mode
- Proportional or fixed dollar. The trader page tells you which one fits this wallet, and the two produce genuinely different outcomes for the same trader.
- Allocated balance
- The amount this follow is allowed to work with. It is the base for proportional sizing and the reference for the default daily loss protection. Each follow has its own allocation.
- Portfolio ratio
- How much of that allocation a single mirrored position may represent, expressed between 0 and 1.
- Stop loss
- A per-follow limit in dollars. When open loss on this trader reaches it, hypeRank stops copying their new trades and pauses the follow.
- Max open positions
- New positions are refused once this many are open. Trades that reduce an existing position still pass.
- Excluded markets
- Markets you list here are skipped for this follow, even when the trader is active in them.
Below those sits a risk protection block covering daily maximum loss, maximum notional per trade and maximum slippage. Each of them is off when set to zero, and each of them is a hard boundary rather than a preference: an order that would breach one is not sent.
Once you start the follow, copying begins from the trader's next action. Positions they already hold are not back-filled, because entering an existing position at today's price is a different trade from the one they made.
We recommend copying from a wallet you do not trade manually. Copying is an accounting relationship between what a trader did and what your account now holds, and manual trades on the same account blur that picture. A dedicated wallet keeps the record clean and keeps reconciliation unambiguous.