Finding the Best Wallets to Copy: My Research Method
This is where most people get it wrong. The wallet you choose to copy can make or break your results.
After some painful early mistakes (more on that later), here’s the system I’ve developed to identify high-performing wallets worth copying:
I also share some of my best wallets in the telegram here.
Step 1: On-Chain Analysis
I start by identifying successful DLMM pools that have generated significant fees. Using Solscan or similar blockchain explorers, I work backward to find the earliest liquidity providers who captured the most fees.
Alternatively I use LPagent to help me discover good wallets which can be alot simpler and only takes a few minutes.
The third method involves finding any wallet from a PnL card so if you see a profit on twitter you can auto instantly find that wallet.
Lucky for you I have guides on all 3 of these methods. Trust me, don’t skip over these methods.
Step 2: Pattern Recognition
Not all successful traders are consistent. I specifically look for wallets that show:
- Consistent win rate: At least 70% success across multiple positions
- Reasonable frequency: 1-7 new positions daily (avoid overtraders). Sometimes they might not even trade.
- Logical holding periods: Holds positions for at least several hours or days (avoids pure frontrunners)
- Risk management: Doesn’t bet their entire portfolio on single positions
- Position Style: Does not gamble on new tokens but instead uses bid asks curves for these and only buys with a strong strategy in mind.
Step 3: Track Record Verification
Before committing my capital to copy a wallet, I monitor their activity for at least a day or 2 to verify their performance in real market conditions.
One particularly successful wallet I’ve been copying (wallet address abbreviated for privacy) has maintained an 82% win rate across 28 positions, with an average ROI of 136% per winning position.
Setting Up MetEngine for Automated Copy Trading
Getting MetEngine configured properly takes less than 10 minutes. Here’s my exact process:
Step 1: Gaining Access
First, you’ll need to request access by following this link.
Step 2: Initial Setup
Once you have your invite code:
- Open the Telegram bot and send the
/startcommand - Fund your MetEngine wallet with at least 0.2 SOL (this covers Meteora rent, swap fees, etc.)
- This becomes your operating capital for the system
Step 3: Adding Wallets to Copy
Now for the important part:
- From the main menu, click the “Auto Trade” option
- Tap “Add Wallet” to begin tracking a successful trader
- Enter the wallet details in format:
WalletName WalletAddress - Mark your preferred wallet as primary using the ✅ icon
Step 4: Configure Position Sizing
This is where you customize how much capital to deploy:
- Set your custom SOL amount for each position
- Example: If you allocate 5 SOL per position with 20 SOL total balance, the system will open up to 4 positions
Step 5 (Optional): Set Up Spy Feature
I highly recommend also configuring the spy feature:
- This lets you monitor 2 additional wallets without automatically copying them
- Gives you the option to manually copy their trades if something looks promising
- Provides a great learning tool to understand what successful traders are targeting
My Personal Results and Risk Management Experience
In the interest of complete transparency, here are my actual results from the past 30 days using MetEngine:
- Initial capital: 15 SOL
- Current portfolio value: 37.8 SOL
- Overall ROI: 152%
- Winning positions: 9
- Losing positions: 2
But it hasn’t been without challenges. The biggest issue I’ve encountered – which isn’t widely discussed – is that sometimes positions don’t close automatically as expected.
In two instances, my primary wallet closed their position, but my mirrored position didn’t close due to network congestion or temporary bot issues. In one case, this actually worked in my favor (the position continued gaining), but in the other, I had to manually close at a smaller profit than I would have captured otherwise.
Other potential risks to be aware of:
- Impermanent loss: If a token’s price changes dramatically after entering an LP position, you can experience impermanent loss regardless of the trader you’re copying
- Delayed exits: As mentioned above, network congestion can sometimes delay exit executions
- Copy limitations: If your primary wallet opens many small positions but you’ve configured larger position sizes, you might miss some opportunities once your capital is deployed
My risk mitigation strategy has been:
- Regularly check position status, especially during volatile market conditions
- Keep some SOL separate for manual intervention if needed
- Diversify across 2-3 different primary wallets rather than relying on just one
Conclusion: Is MetEngine Worth It?
After a month of daily use, I’m convinced MetEngine offers one of the most efficient ways to generate passive income in the Solana ecosystem right now.
The ability to leverage other traders’ expertise without staying glued to charts has freed up countless hours while still allowing me to capitalize on opportunities I would have otherwise missed.
The fee structure is reasonable given the value provided:
- 0% on swap fees
- 0% on earned yield
- 0% on LP closing
- Only a tiered fee when opening positions (ranging from 0.4% for smaller positions to 0.2% for 75+ SOL positions)
For anyone looking to automate their crypto income while minimizing active trading time, MetEngine offers a compelling solution. Just remember to choose your copy wallets carefully and maintain some oversight of the system rather than setting and completely forgetting.
Disclaimer: This post reflects my personal experience with MetEngine. Cryptocurrency trading involves risk, and automated trading systems are not guaranteed to be profitable in all market conditions. Always conduct your own research and only invest what you can afford to lose.
