Copy trading: controls and edge cases
Pause vs delete, nicknames, the one-position-per-coin rule, and what allocation really means versus notional size.
Pause vs delete
- Pause (wind-down) — Filo stops opening NEW positions for that trader but still mirrors closes on positions you already hold. Use it to wind a trader down safely.
- Delete — removes the copy setting entirely. Only allowed once you have no open positions from that trader.
Nicknames
You can give each trader a private nickname (up to 32 characters). It shows up in your copy list, positions, signals, and Telegram alerts — only you see it.
One position per coin
Hyperliquid keeps a single net position per coin per wallet — there is no hedge mode. So Filo allows only one open position per coin, whichever trader opened it first. A second signal on the same coin (from any trader, long or short) is skipped until the first closes. This keeps your books matching the exchange.
Allocation vs notional
Allocation is the share of your equity locked as MARGIN per trade — not the position size. Your actual position (notional) is that margin times the leverage used, capped by your max leverage. The projection panel when you edit a copy shows margin, notional, and liquidation distance live, based on your current equity.