GenWealth

Meteora DLMM Tracker
Operation

How to run and monitor the DLMM copy-trading bot safely and effectively

1. Operation Overview

  • Target Monitoring: The bot keeps an eye on each target wallet you’ve set up and spots every DLMM move they make (position opens, liquidity adds/removes, fee claims, and closures).
  • Action Replication: As soon as your target acts, the bot immediately mirrors the same action on your wallet—no manual work, no delay.
  • Proportional Scaling: It measures the percentage of SOL your target risks on each trade and applies that same level to your available SOL, while always maintaining a small buffer (0.1 SOL) to cover fees.

2. Risk Management

    To protect your capital and maintain consistency with targets, the bot enforces a robust multi-layered risk framework:

    1. Clone Their Risk

    • The bot gauges how much of their SOL your target puts on the line (e.g. they risk 30% of their balance) and then mirrors that same risk on your side. If you have plenty of SOL, it’ll size up accordingly—if you’re leaner, it scales down.

    2. Your Comfort Level

      You choose the percentage of their risk you’re comfortable taking. Anytime the target risks a portion of their SOL, the bot applies your chosen multiplier against that risk.

      Example scenarios (for illustration only):
    • If you set 100%, you fully match their risk.
    • If you set 50%, you take half of their risk: they risk 30%, you risk 15%.
    • If you set 25%, you take just a quarter: they risk 80%, you risk 20%. This flexibility lets you follow multiple targets or tone down very aggressive traders.

3. Monitoring & Logs

  • Live View:Peek at real-time stats, hit start/stop, and watch counters climb in the Execution tab.
  • Clear Logs:Detailed logs with timestamps for actions, errors, warnings, retries & info.
  • Discord Relay:Set up your Discord webhook in the configuration—every log entry will be pushed directly to your chosen channel, no toggles.

4. Alerts & Notifications

  • Positions tracking: Instantly receive a Discord message when a target opens, closes or update his positions to keep track of your trades.
  • Profit/Loss: on close you get PnL details (SOL & USD) with a personalized PNL card.