Frequently Asked Questions

PolySpy is an advanced signal intelligence and trading engine for Polymarket. It detects high-conviction wallet activity, lets you build copy or fade strategies with a visual builder, and executes trades automatically. It handles the entire pipeline from signal detection to trade execution.

Yes. Every new account starts with a 7-day free trial with full access to all features. No credit card is required to start. After the trial, the subscription is $19.99/month.

You need a Polymarket account only if you want to execute live trades. You can explore signal detection, build strategies, and use paper mode without connecting a Polymarket account.

PolySpy costs $19.99/month. This includes unlimited strategies, paper mode, live execution, and Telegram alerts. There are no hidden fees or per-trade charges.

Copy trading mirrors the exact trades of a detected wallet — when they buy YES, you buy YES. Fade trading takes the opposite side — when they buy YES, you buy NO. Copy works well when you trust a trader's edge; fade works well when you believe a wallet is consistently wrong or manipulative.

PolySpy supports three signal sources: fresh wallet detection (wallets less than 24 hours old making large trades), leaderboard tracking (the top 75 Polymarket traders by P&L), and custom watchlists (specific wallet addresses you want to monitor).

You can configure position sizing as a fixed dollar amount, a percentage of the detected trade size, or use price-scaled sizing that dynamically adjusts based on market probability. All sizing respects your maximum position and portfolio-level risk limits.

PolySpy offers per-trade stop losses, take-profit levels, maximum position sizes, daily loss limits, maximum concurrent positions, and near-resolution auto-close. Risk controls are enforced automatically on every trade.

Price-scaled sizing dynamically adjusts your position size based on the current market probability. You set a price floor and ceiling with min/max multipliers — the system bets more at favorable prices and less at extremes. There's also an inverted mode for contrarian strategies.

Yes. You can exclude markets by category (Sports, Politics, Crypto, and 40+ more) or by keyword. This lets you focus your strategy on the domains where you have the most knowledge and edge.

When a tracked wallet exits their position, PolySpy automatically exits your matching position too. This gives you a complete signal lifecycle — follow them in, follow them out — without needing to manually monitor for exits.

Go to Settings and enter your Polymarket API credentials. PolySpy uses your API key and secret to place trades on your behalf. Your credentials are securely encrypted at rest and never stored in plaintext.

Connect your Telegram account in Settings by starting a chat with our bot. You'll receive real-time notifications for trade executions, position updates, daily summaries, and any strategy errors or risk limit triggers.

Paper mode runs your strategy against live market data without placing real trades. It simulates execution and tracks virtual P&L so you can validate your strategy in real-time conditions before committing capital.

All API credentials are securely encrypted at rest and never stored in plaintext. Data is transmitted over TLS, and we follow industry-standard security practices. We never share your data with third parties and do not store your Polymarket password.