> ## Documentation Index
> Fetch the complete documentation index at: https://owly.fi/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Copy Trading

> How to find, evaluate, and copy traders

Learn how to effectively use Owly's copy trading features.

## Finding Traders

### Discovery Page

The Discovery page uses a **Multi-Dimensional Ranking System** to help you find "Smart Money" based on comprehensive performance metrics, not just ROI.

<CardGroup cols={2}>
  <Card title="Smart Ranking" icon="trophy">
    Algorithmically weighted scores balancing profit, risk, and stability.
  </Card>

  <Card title="Performance Filters" icon="filter">
    Filter by ROI, win rate, and time period.
  </Card>

  <Card title="Risk Metrics" icon="chart-line">
    View drawdown, leverage usage, and volatility.
  </Card>

  <Card title="Trading Style" icon="sliders">
    Find traders matching your preferred strategy.
  </Card>
</CardGroup>

### Key Metrics to Consider

| Metric              | What to Look For                              |
| ------------------- | --------------------------------------------- |
| **Ranking Score**   | Higher score indicates better overall balance |
| **Sharpe Ratio**    | > 2 indicates excellent risk-adjusted returns |
| **Max Drawdown**    | Lower is generally safer (\< 20%)             |
| **Win Rate**        | > 50% combined with good risk/reward          |
| **Trade Frequency** | Matches your preferred activity level         |

## Starting Copy Trading

<Steps>
  <Step title="Select Trader">
    Click on a trader card to view their full profile.
  </Step>

  <Step title="Review Details">
    Analyze their trading history, open positions, and risk metrics.
  </Step>

  <Step title="Click Copy">
    Press the "Start Copy Trading" button.
  </Step>

  <Step title="Select Sub-Account">
    Choose which sub-account to use for copying.
  </Step>

  <Step title="Set Copy Ratio">
    Configure how much of each trade to copy (e.g., 0.5x, 1x, 2x).
  </Step>

  <Step title="Configure Risk Settings">
    Set **Portfolio SL/TP** to protect your total equity, along with max leverage and position limits.
  </Step>

  <Step title="Confirm">
    Review all settings and start copying.
  </Step>
</Steps>

## Copy Ratio Explained

The copy ratio determines how your position sizes compare to the trader's.

For example, assume the trader's total capital is **100,000 USDC** and your capital is **10,000 USDC**. If the trader opens a position using **10%** of their capital, that trade size is **10,000 USDC**. At a **1x** copy ratio, your position would be scaled proportionally to your own capital, so your copied trade would be **1,000 USDC**. The full comparison would look like this:

| Copy Ratio | Trader Opens 10% Position (\$10,000) | You Open |
| ---------- | ------------------------------------ | -------- |
| 0.5x       | \$10,000                             | \$500    |
| 1x         | \$10,000                             | \$1000   |
| 2x         | \$10,000                             | \$2000   |

<Note>
  Copy trading fundamentally replicates trading actions, not PnL with 100% precision. Because markets are complex and can move quickly, Owly can only do its best to keep your performance as close to the trader's as possible.
</Note>

<Warning>
  Higher copy ratios amplify both profits AND losses. Use with caution.
</Warning>

## Managing Active Copies

### Viewing Status

On your Portfolio page, you can see:

* Active copy trading relationships
* Real-time position mirroring
* Performance since starting

### Stopping Copy Trading

<Steps>
  <Step title="Go to Portfolio">
    Navigate to your sub-account.
  </Step>

  <Step title="Find Active Copy">
    Locate the active copy trading card.
  </Step>

  <Step title="Click Stop">
    Press "Stop Copy Trading".
  </Step>

  <Step title="Handle Positions">
    Choose to close existing positions or keep them open.
  </Step>
</Steps>

<Note>
  When you stop copy trading, you can choose whether to close all open positions at the same time.
</Note>