SELL SETTINGS

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

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.

Take Profit

You have the option to add an automatic take-profit function to your trade. 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.

• TP: the price deviation relative to your trade entry price. A +20% signifies that you will sell your tokens at a price +20% higher than the one at which you bought them.

• Amount: 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.

Stop Loss

You have the option to add an automatic stop-loss function to your trade. This functionality will automatically sell your tokens when the price reaches a predefined deviation from the buy price.

Mizar continuously monitors the token price and will automatically sell your tokens if the price drops below the defined stop-loss threshold (for example, -50% from your entry price).

You can choose between two stop-loss modes:

• Default: the price deviation is calculated relative to the first buy price.

• Dynamic: the price deviation is calculated relative to the average entry price, which is especially useful when using DCA (Dollar-Cost Averaging).

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.

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 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.