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Counter-Trade

Counter-Trade is a function that helps you capitalize on any sharp price movements and generate additional liquidity if the token price moves within a specific range.

A bot configured within this strategy will react to transactions of specified sizes, whether they are sales or buys, and instantly execute the opposite transaction to counteract the movement momentum until others do so.

How to set up Counter-Trade Bots?

Set up the bot by following the instructions below.

Moving on to creating counter-trade bots, we assume that you have already prepared your wallets by reviewing the First Time Users section.

Step 1: In the Bots section, select Counter-Trade and click on Create new bot button on the right side of the screen.

Step 2: Specify which type of transactions require counter-trades and write any understandable name for bot.

Let's assume that we want to sell some MAI tokens without impacting the chart, provided there is organic buying pressure.

Step 3: Choose the main asset in which you find it more convenient to set up settings. Usually, all charts is to display prices in USD. Then specify the price range at which the bot will react to transactions in this way.

In these settings, the bot will execute commands if the price of the MAI token is within the specified range (from $0.008 to $0.012).

This way, you can choose different strategies for different price ranges.

Step 4: Specify the transaction size at which the bot should execute a counter-trade.

The bot will send a sell tx only if someone makes a buy tx of $1500 or more.

Step 5: Specify the size of the countertrade in percentages. We recommend using a wide range of values.

Since we do not want to suppress the uptrend, we will sell an amount equal to 8-20% of the purchase.

Step 6: Specify the maximum slippage for the counter-trade bot.

Usually, we set it between 1 to 3%.

We do not recommend setting values higher than 10% to avoid loss of funds due to MEV-bots.

Step 7: Specify the extra gas fee and max gas fee (EVM-chains only).

For example, with 1/30 GWEI on the BSC network, 100% of transactions will be successful.

This adjustment is most relevant for networks with high gas price, such as Ethereum.

Network
Extra gas
Max gas

BSC

1

30

ETH

1-5

50-70

We recommend setting the following values, but you may delve deeper to set the actual gas price here.

Step 8: Select wallet for trades.

Remember to top up your wallet with funds for gas fees.

Step 9: Turn on this feature for the bot to switch wallets (optional).

With these settings, the bot will switch wallets every 2-6 transactions (4 +-50%).

Step 10: Make sure your goals are described correctly and click the Create new bot button.

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