❓FAQ

Here are some of the commonly asked questions about Sonar Trade. If you have reviewed the Gitbook and didn't find the answer to your question, you should find that information in this section. After reading the FAQ, if your question is still unanswered, please reach out to support at @SonarTradeBot.

We continue to add information here as we build.

Does my Sonar strategy execute trades on small sell or buy volumes?

No, Sonar is designed to protect users from unprofitable trades by not executing sells or buys on small volume transactions. If the incoming volume is too low, the trade will not trigger, as it may not cover associated fees or align with your strategy parameters. This ensures that each trade is meaningful and maximizes profitability.

Will my trading strategy execute on MEV volume?

No, your trading strategy does not trigger on MEV (Maximal Extractable Value) volume. MEV transactions often involve strategic manipulation of trade ordering to maximize profit, but they do not reflect organic or sustainable market activity. Sonar is designed to execute both buy and sell strategies based on genuine, substantial market volume to ensure profitability and market stability. By excluding MEV volume, Sonar ensures that your trading strategy is executed effectively, avoiding unnecessary risks and fees associated with volatile transactions.

What happens if the market cap of my token moves outside the thresholds I've set?

If the market cap of your token drops below the minimum threshold (for buying) or rises above the maximum threshold (for selling) that you've set, Sonar will pause executing your strategy. No trades will be triggered until the market cap re-enters the range you've defined. This feature ensures that your buying or selling strategies are only executed when market conditions meet your criteria for profitability, protecting your assets during unfavourable market movements.

Can I adjust my sell strategy after it has been activated?

Yes, you can adjust your sell strategy even after it has been activated. Simply navigate to your active strategy on the Strategy Dashboard, click the settings icon, and update the parameters directly. There's no need to cancel your strategy; this allows you to easily respond to changing market conditions and optimize your trading approach in real-time.

What should I do if my manual deposit does not show up in my Sonar balance?

If your manual deposit does not appear in your Sonar balance, first ensure that you have followed the verification process by clicking the "Verify Deposit" button. If the issue persists, double-check that you sent the correct token to the provided deposit address. If you have confirmed both steps and still face issues, please reach out to Sonar Support for further assistance.

Can I use Sonar Trade on multiple tokens simultaneously?

Yes, Sonar Trade allows you to manage multiple tokens at the same time. You can create individual strategies for each token, whether buying, selling, or using a range strategy. This flexibility enables you to optimize your trading approach across various assets, with each token's strategy operating independently. Sonar’s dashboard helps you easily track and adjust strategies for each token, ensuring precise control over your portfolio.