Sell Limits
Last updated
Last updated
To check and edit the existing sell limit orders for a token, or to add a new one, follow these steps:
Paste the token CA in the bot to access the Token Report.
From the Token Report, click on "↔️ Go to Sell" to access the Sell Menu.
In the Sell Menu, click on "⚙️ Sell Limit". You will then be redirected to a panel similar to the one displayed in the image below:
It should be noted that the ⚙️ Sell Limit menu of a token can also be accessed from the Trade Monitor of the token.
Let's start by looking at the buttons and options available for creating and editing sell limit orders for a token:
The "Multi Sell" button is a dropdown and clicking on it will reveal all of your connected wallets with a positive balance of the token. Initially, all wallets will be enabled by default in "Multi Sell", but you can further customize this to select the wallets that you want to add a particular sell limit order on. This can be used to add the same sell limit order simultaneously on multiple wallets.
Select the type of the sell limit that you would like to add. There are three possible types: Take Profit, Stop Loss and Trailing Stop Loss.
Trailing Stop Loss is a powerful variation of Stop Loss that acts by adapting the price or market cap at which the sell limit order as the price of the concerned token increases. This will allow you to secure some profits as the market price of the token fluctuates. It should be noted that Trailing Stop Loss will never decrease the price or market cap at which the sell limit order will trigger.
There are three types of triggers that you can select for each limit type:
Price: Insert the price at which this sell limit order will trigger at. You can provide an exact price value in USD or a percentage change that will be applied on the current token price. For Take Profit, the provided percentage must be positive. For Stop Loss and Trailing Stop Loss, it must be negative.
Market Cap (MC): Insert the market cap at which this sell limit order will trigger at. You can provide an exact market cap value in USD or a percentage change that will be applied on the current token market cap. For Take Profit, the provided percentage must be positive. For Stop Loss and Trailing Stop Loss, it must be negative.
Entry Price: This option only takes a percentage change that will be applied against your average entry price for this token. Since the entry price for a token varies as you trade the token, any sell limit based on Entry Price will be dynamically updated following every buy of the token. In other terms, when you buy again, the new average entry price is re-computed and the impacted sell limit order that's based on this entry price will be updated. As usual, for Take Profit, the provided percentage must be positive. For Stop Loss and Trailing Stop Loss, it must be negative.
Specify the percentage of your token balance that will be sold when the sell limit order is triggered. It is important to note that sell limit orders always act on your total balance of the token. For example, setting the Balance to 50% will sell half of your token balance at the time of trigger.
Specify the duration in hours for which this sell limit order will remain active once it's automatically added or created for a specific token. The maximum duration is 96 hours.
Once you configure all the se fields, click on "📌 Add Sell Limit Order" to add the sell limit order(s) on the selected wallet(s). Once the limits are added, they are displayed in the message area of the panel, as displayed in the image above. In this example, a Stop Loss based on Entry Price is defined for both wallets TEST and TEST2. A Trailing Stop Loss based on MC is also defined for wallet SL2.
For every added sell limit order, you will see a "⚙️ Config [X]" button towards the end of the panel where X represents the numbering of this sell limit. For example, if we click on "⚙️ Config [X]", we will be redirected to the configuration menu displayed below:
Similarily, clickong on "⚙️ Config [3]" will redirect us to the configuration menu displayed below:
As displayed above, the configuration menu will list the sell limit impacted, the associated wallet, and will provide you with the ability to edit the Trigger, Balance and Duration of the limit. If you want to delete this sell limit order, simply click on "❌ Delete".
