AUTO-SELL SETTINGS

In this section you can learn how to automatically sell your tokens

The Mizar DEX and Sniper Bot support auto selling functionalities. This will help you selling your tokens at the right time.

The Take Profit and Stop Loss thresholds don't take into account gas fees, taxes, and slippage.

Take Profit

You have the option to add an automatic take-profit function into your snipe. This functionality will autonomously sell your tokens when the price reaches a predefined profit percentage (P&L). You can configure multiple take-profit levels, allowing you to sell portions of your tokens at distinct price points.

Mizar Take Profit

• Threshold: the price deviation relative to your trade entry price. A +100% signifies that you will sell your tokens at a price twice as high as the one at which you bought them.

• Weight: the percentage of tokens you'll sell at the defined threshold. For instance, if you bought 100 XX tokens and set the weight at 50%, you will sell 50 XX tokens when the specified threshold is reached.

Stop Loss

You have the option to add an automatic stop-loss function to your trade. This functionality will autonomously sell your tokens when the P&L reaches a predefined loss percentage.

Mizar Stop Loss

The Mizar Bot will constantly monitor your P&L and sell your tokens in case the current token price falls below the defined threshold (-50% P&L in this case).

Trailing Stop Loss

This is a more advanced iteration of the previously mentioned stop-loss. The bot not only continually tracks the profit and loss (P&L) of your trade but also dynamically adjusts the stop loss level based on the all time high P&L.

Mizar Trailing Stop Loss

Initially, the stop loss is set based on the threshold, following the formula:

$$SL_0 = P\scriptsize avg \normalsize*(1-T)$$

Where:

• Pavg: Average buy price

• T: threshold settings

The bot adjusts the stop loss (for each block) using the following formula:

$$SL(t) = max(SL \scriptsize (t-1)\normalsize, P(t)*(1-D))$$

Where:

• SL(t): the actual Stop Loss price as a function of time.

• P(t): the token price at the current time

• D: the deviation settings

Take this scenario into account: you set your initial stop loss level at -50% and your deviation at 50%. You snipe 10 X coins at a average price of $1. Consequently, your initial stop loss is set at $0.5. As the price surges and reaches $4, according to the formula, your new stop loss will be established at $2, which is 50% of $4 (all time high price). In this way, your stop loss has been adjusted upwards, guaranteeing you a profit in the event of a pullback.

Gas and Slippage

To each Take Profit and Stop Loss order, you'll be asked to provide informaton about which Slippage and Gas Priority to use.

Mizar Sell Gas and Slippage

• Sell Gas Priority: The bot automatically adjusts your transaction gas to the average gas price and add the chosen gas priority on top of it. For instance, if the ETH gas average is 15 gwei and your gas priority is 2 gwei, your transaction's gas price will be set at 17 (15 average + 2 priority) gwei.

• Slippage Control: Specify the slippage threshold for executing your sell transaction. The default is set at 5%.