SELL SETTINGS
In this section you can learn how to automatically sell your tokens
Last updated
In this section you can learn how to automatically sell your tokens
Last updated
Mizar supports auto-selling functionalities. This will help you to sell your tokens at the right time.
The Take Profit and Stop Loss thresholds don't take into account gas fees, taxes, and slippage.
You have the option to add an automatic take-profit function into your snipe. This functionality will automatically sell your tokens when the price reaches a predefined profit percentage. You can configure multiple take-profit levels, allowing you to sell portions of your tokens at distinct price points.
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 tokens and set the weight at 50%, you will sell 50 tokens when the specified threshold is reached.
You have the option to add an automatic stop-loss function to your trade. This functionality will automatically sell your tokens when the P&L reaches a predefined loss percentage.
Mizar 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).
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.
Initially, the stop loss is set based on the threshold, following the formula:
Where:
Pavg: Average buy price
T: threshold settings
The bot adjusts the stop loss (for each block) using the following formula:
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 an 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.
To each Take Profit and Stop Loss order, you'll be asked to provide information about which Slippage and Gas Priority to use, and if to enable MEV Protection.
Sell Gas Priority: The bot automatically adjusts your transaction gas to the average gas price and adds 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%.
MEV Protection: When activated, the sell transaction will be executed through a private transaction. This will avoid getting front-runned or sandwiched.
