📊Trade Monitor
How the bot functions after a buy has been made.
Last updated
How the bot functions after a buy has been made.
Last updated
Trade Monitor is a powerful tool which allows you to monitor the status of your portfolio in real time while capitalizing on market dips (Buy Dip functionality) and setting limits to sell your assets based on the fluctuations of the market (Auto Sell functionality). Furthermore, Trade Monitors can protect your investments by detecting rug attempts on BSC and Ethereum. In these cases, the bot will automatically attempt to sell your assets before the rug transaction goes through, effectively protecting you from losing most of your investment (Anti Rug functionality). As we will see in the following sub-sections, Buy Dip, Auto Sell and Anti Rug functionalities can only be activated through Trade Monitors. Figure 17 shows the Trade Monitor in action. We’ll use $Catchy for demonstration purposes.
Trade Monitors are automatically spawned in the following cases:
You click on "Track" in the token contract menu. This will spawn a Trade Monitor which includes some insights on the tracked token such as price and market cap.
If you don't have a positive balance for the token, you can then use the Trade Monitor to keep an eye on the token’s price movements in real time, manually buy the token, or set up Buy Dip. Buy Dip will trigger an auto-buy for the token when a certain market cap dip is reached. This will be further discussed in Section X.
If you have a positive balance of the token (could be acquired through or outside the bot), the spawned Trade Monitor will also show you the current worth of your tokens in the chain's native coin. At the time the Trade Monitor spawns, Initial and Worth will have the same value, but as the price of the token varies, Worth will start varying and the Trade Monitor will compute your percentage profit or loss by comparing Worth to Initial.
An automated or manual buy is triggered through the bot. In this case, the bot will automatically spawn a Trade Monitor that will track the status of your trade while providing insights on the token's price movement in real time. Here, Initial will show how much you spent to buy the token in this trade, and the Worth will compute the varying value of your tokens, both using the chain's native coin.
We’ll break Figure 17 down in two parts. We will first explain the message above the buttons:
💳 Main: The wallet that was selected when buying or tracking a token. Different Trade Monitors could pertain to different wallets. In this example, the buy was initiated using "Main" wallet.
First Row:
🪙 Token Name - Name of the token being tracked in this Trade Monitor.
🚀 Profit/Loss - Profit or Loss percentage of the trade before sell tax and without considering the price impact of your sell. As discussed previously, this is simply computing the percentage of change between the Initial and Worth.
⏱ Time Left - Trade Monitors will remain active for 36 hours (96 hours for ⭐️Premium users). This is reflecting how much of the 96 hours is left. You can always refresh the counter to start over as we explain below.
Initial
If the monitor was spawned with a buy, Initial will reflect how much you spent to buy the token. This is not necessarily the same as your current balance of the token since you could have multiple buys for the same token.
If the monitor was spawned by tracking a token, Initial will reflect the worth of your entire token balance at time of spawning. As discussed previously, for this case, Initial and Worth will have the same value initially, but Worth will start varying as the token price varies.
Worth - As discussed above, a Trade Monitor could be tracking your entire balance of a token, or only a portion of it. In both cases, Worth displays the current worth of the considered tokens.
Time elapsed - How much time has gone by since the buy.
💵 Price | MC - Current price and market cap of the token.
📈 P/L w/tax (Exclusive to EVM-compatible chains) - Profit/Loss after sell tax.
💸 Price impact - The effect of your sell on the chart.
🤑 Expected Payout - How much BNB/ETH/AVAX/METIS/TON/SOL you will receive when you sell. This factors in both taxes and price impact, and can be written as:
Other Trades - This section will display some information on other active Trade Monitors that you currently have. You can see the same information as that in the First Row for each Trade Monitor. However, “Disabled” trades won’t show any information. Trades can become disabled if the trade lasts longer than 36 hours (96 hours for ⭐️Premium users) or if you press the Stop button, which we explain below. In this example, we have two trade monitors tracking two separate buys of $Catchy.
The information displayed in a Trade Monitor will get updated (the message will edit itself) whenever you refresh the Trade Monitor. This can be done by clicking on the Refresh button.
Some closing words:
Trade Monitors will remain active for 36 hours (96 hours for ⭐️Premium users). During this time, you could refresh the monitor by clicking on the Refresh button to reset the timer back to 36 or 96 hours. Once the allocated time is over, the Trade Monitor becomes disabled. You do NOT need to clear disabled trades manually, as the bot will handle that automatically. An inactive or disabled Trade Monitor cannot benefit from Buy Dip, Auto Sell nor Anti Rug as these functionalities require the monitor to be active. That's why it's extremely important to make sure that on-going trades still have active Trade Monitors.
You can only have 8 active trades in your Trade Monitor (30 concurrent trades for ⭐️Premium users). After you reach the maximum number of active trades, any additional purchases will not be tracked in the Trade Monitor. As mentioned previously, you can only benefit from Buy Dip, Auto Sell and Anti Rug functionalities with active Trade Monitors.
For BSC and Ethereum, if Anti Rug is enabled in your Wallet General Settings, all spawned Trade Monitors will have Anti Rug enabled by default. You could also manually enable or disable Anti Rug directly through each Trade Monitor.
Trade Monitors are always linked to a channel. For example, if the buy was triggered by a call channel, then Auto Sell will follow the settings specified in that call channel's settings. Similarly, if the buy or tracking was triggered through the token contract menu, then Auto Sell will follow the settings specified in the Me
channel settings. The same will also apply when the buy is triggered through a copytrade wallet or through a snipe, as we will see in following sections. As mentioned previously, Auto Sell needs to be enabled both in your Wallet Sell Settings AND in your channel settings for the Trade Monitor to spawn with Auto Sell automatically enabled. If this is not the case, you can always manually enable, disable and setup the limits of Auto Sell directly through each Trade Monitor. Always make sure that Auto-Sell has a green checkmark next to it on the Trade Monitor if you want the bot to auto-sell for you.
If you have multiple active Trade Monitors for the same token on the same wallet and you would like to combine all these into one Trade Monitor, simply click on the Reset button for any one of the Trade Monitors, and delete the remaining ones by clicking on the Delete button. When you click on Reset, the Trade Monitor will start showing the same information that you would see if you just clicked on "Track" in the token contract menu. In other terms, it will consider your current total balance of the token and use that to compute all the displayed values. This is how you effectively combine multiple trades into one.
Any manual or automated buys (Buy Dip) initiated through a Trade Monitor will directly update the Initial and Worth of the Trade Monitor itself and won't spawn a new monitor. Similarly, any manual or automated sells (Auto Sell, Trailing Sell and Anti Rug) initiated through a Trade Monitor will directly update the Initial and Worth of the Trade Monitor itself.
Trade Monitors are not available on Metis.