Guide
Copy trading where you set your own rules
There are two kinds of copy trading. Broker copy trading mirrors another trader's positions in your account, and most of the rules are theirs. Signal-based copying turns each alert from a source into an order, and the rules are yours: how much per entry, which symbols, and how a position exits. This guide compares the two, shows how signal-based copying works on Nyria, and covers the paper run first.
Broker copy trading and signal-based copying
On a copy-trading platform you pick a trader and the platform mirrors what they do. They choose the instruments, the timing and the exits. Platforms differ in what you can adjust; some give you an amount to allocate and little else, so a position can be open that you would not have taken.
With signal-based copying the source only says what happened: a buy, a sell, a ticker. A bot of yours decides what to do with it. You set the size per entry, the symbols it may trade and whether it acts on exit alerts, and the order goes to your own brokerage account.
How it works on Nyria
- 1
Choose where the alerts come from
A Discord server or Telegram chat you run, a TradingView alert, or any webhook. Nyria reads a server or chat you administer, so the source is yours or a setup you control, not a channel you only belong to.
- 2
Set the rules on the strategy and the bot
The strategy lists the tickers it may trade and what an entry and an exit do. The bot you deploy sets the account and the budget per entry, in dollars or an exact number of units where the strategy offers it.
- 3
Let each alert become an order
A matching alert places a market or limit order in your account at your size. An alert for a ticker outside your list places nothing, and the Logs tab says why.
Nyria places orders at Charles Schwab, Tradier, tastytrade and Alpaca, and on Nyria Paper. The account stays yours, and Nyria can place and cancel orders but cannot move money.
A worked example, three rules on one alert
A stock strategy on a Telegram chat you run, with NVDA, AAPL and MSFT allowed.
Entry, posted in your chat
long entry NVDA
Exit
exit NVDA long
Your bot has a $500 budget per entry, so the entry buys whole shares of NVDA up to that amount, and a second bot on the same strategy with $2,000 would place a bigger order from the same message. An entry for a ticker that is not on the list places nothing. When the exit arrives, the bot sells what it holds. Nyria attaches no stop order to the entry, so the position stays open until that exit or until you close it yourself.
Paper first, on Nyria Paper
Nyria Paper is the simulated broker built in and free on every plan, with up to 10 paper bots. Deploy a bot with your size and ticker list, let the source fire for a week or two, and read the Logs tab: every alert and order is stamped, so you can see that the rules did what you intended. Paper shows the setup works, not whether the strategy makes money. Live fills can differ from paper, and your broker may reject an order.
Questions
- Can Nyria copy a channel I do not run?
- No. Nyria reads a Discord server or Telegram chat you administer, a TradingView alert you create, or a webhook you call. It does not read other people's channels.
- Can the alert set the size?
- No. The size comes from the budget per entry set on each bot, so the same alert can place different sizes on different bots.
- What does it cost?
- Paper is free. Live trading from $15 a month.
Guides
Discord alerts to broker orders
Pick a channel you run, filter by author or keyword, validate, then go live.
Telegram alerts to broker orders
Pick a group or channel you run, filter by author or keyword, validate, then go live.
Send alerts from your Python script to your broker
The webhook URL, the documented fields, a minimal requests sender, the response and the Logs tab, paper first.
Set your rules on a paper bot first
Paper is free. Live trading from $15 a month.