Quick Overview
PolyBot is a Telegram trading bot that executes orders on the Polymarket exchange through a private wallet and supports copy trading of specific addresses.
About PolyBot
What is PolyBot?
PolyBot is a Telegram trading bot for Polymarket. It executes trades directly within a chat interface and removes the need for app switching. Users fund a private wallet with deposits from networks like Bitcoin or Solana. The bot routes all orders through the official Polymarket book and settles them on the Polygon blockchain.
The tool has features for automation and risk management. It has a copy trading system that mirrors the moves of specific wallet addresses. Users set custom parameters for trade size and daily spend limits. It also includes an automated strategy builder for limit orders and price triggers.
Key Features
Telegram Trading Interface
Users execute trades and manage positions through a Telegram chat. The bot provides buttons for buying or selling and supports limit orders directly in the messaging app.
Multi-Chain Deposits
The platform accepts funds from Polygon, Solana, Base, Ethereum, Bitcoin, and BNB. Users scan a QR code to deposit USDC and trade without a gas balance.
Automated Copy Trading
The tool mirrors trades from any Polymarket wallet address. Users set fixed amounts or multipliers and the bot executes the same moves when it detects activity from the leader.
Risk Management Controls
Parameters include daily spending caps and slippage limits. Users filter trades based on odds ranges to skip long shots or heavy favorites automatically.
Custom Strategy Builder
Traders set entry trigger prices and automated exit rules. The bot handles take-profit and stop-loss orders across various market timeframes from five minutes to 24 hours.
Pros & Cons
Pros
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Telegram interfaceUsers place market and limit orders directly inside a chat window to avoid switching between multiple apps.
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Cross-chain depositsThe wallet accepts funds from Solana, Base, Ethereum, Bitcoin, or BNB and converts them to USDC on Polygon.
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Automated copy tradingThe bot mirrors any specific Polymarket wallet address and executes the same trades with 0.1x to 10x multipliers.
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Configurable risk controlsStrategy settings include daily spend caps, price slippage limits, and minimum odds filters to exclude specific long shots.
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Predefined exit rulesTraders set stop-loss and take-profit levels that execute automatically on the Polymarket order book.
Cons
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Custodial wallet risksUsers must trust a third party to manage the private keys for the automatic execution and copy trading features.
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Limited analysis toolsChat based commands lack the depth of visual charting and order book depth displays found on the desktop exchange site.
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Leaderboard data limitationsInformation on other traders focuses on 30 day returns and total profit without showing the full historical drawdown of a profile.
Frequently Asked Questions
PolyBot is a Telegram bot for trading on Polymarket. It allows you to place orders and manage positions within a chat interface. The system uses a Safe wallet to keep trades on-chain.
You deposit funds from networks including Polygon, Solana, Base, Ethereum, Bitcoin, or BNB. Each account has a unique deposit address and QR code. The minimum deposit is 1 dollar and you do not need gas for trades.
Yes. You can place limit orders or market orders by tapping buttons in the chat. You set your side and the trade size before execution.
You enter a Polymarket wallet address to mirror. The bot executes the same trades as that wallet automatically. You can set fixed amounts or use a multiplier between 0.1x and 10x.
The bot has daily spending caps and slippage limits. You can set odds filters to skip specific price ranges. It also includes take-profit, stop-loss, and trailing stop rules for automated strategies.
Yes. You set a trigger price and the bot monitors the market for that value. It supports timeframes from 5 minutes to 24 hours. You can also restrict trades to specific windows near market open or expiry.
