Volume Range

The Sonar Volume Range Strategy automates both buying and selling based on incoming market volume within a predefined market cap (MC) range. For this strategy to operate, users must hold both the token they want to sell and Ethereum for buying. Users set different buy % and sell % parameters, which determine the portion of the incoming volume to trade within the specified market cap range.

How It Works:

With the Volume Range Strategy, users define the market cap range in which the strategy will operate. Within this range, buy and sell orders are executed based on incoming market volume, and users can set different buy % and sell % parameters for each action.

• Buying: The strategy will automatically buy tokens when the market cap is within the defined range, using the buy % set for incoming sell volume.

• Selling: Similarly, sell orders are triggered within the same range based on the sell % set for incoming buy volume.

Example:

Let’s say you hold $10,000 worth of a token and $10,000 worth of Ethereum, and set the following parameters:

• Buy %: 75%

• Sell %: 20%

• Market cap range: $8 million to $12 million

When the market cap is within this range:

• Buy: If an incoming sell order of $1,000 appears, the strategy will buy $750 worth of tokens (75% of the sell volume).

• Sell: If an incoming buy order of $1,000 is detected, the strategy will sell $200 worth of tokens (20% of the buy volume).

If the market cap moves outside the range, the strategy pauses until the market re-enters the defined range. If one side (either Ethereum or token balance) is depleted, the other side will continue to operate until it too is exhausted. At this point, you should cancel the existing strategy and set up a new one.