Volume Range Strategy
The Volume Range Strategy automates your buys and sells based on incoming market volume, while also operating within a predefined market cap range. This strategy allows you to set parameters for both buying and selling actions within a specific price range, ensuring trades are executed only when market conditions meet your criteria.
Steps to Set Up a Volume Range Strategy
1. Create New Strategy
Navigate to the ‘Strategy’ dashboard and click the "New Strategy" button. This will take you to the strategy creation screen, where you can begin setting up your Volume Range parameters.
2. Select Order Type
Select the Range order type, then choose the Volume strategy method. This will allow you to automate trades based on incoming market volume within a predefined market cap range.
3. Select Your Token
Next, choose the token from the list of tokens you hold in your Sonar account. This token will be used for the sell side of the strategy. Additionally, ensure you have a sufficient Eth balance, as it will be used for the buy side of the strategy.
4. Define Strategy Parameters
In this step, you will configure the key settings for both the buy and sell sides of the strategy:
Amount: Set the amount of tokens for selling and the amount of Eth for buying that will be used in the strategy.
Buy and Sell Percentage: Set separate percentages for buying and selling.
Buy Strategy: Choose a percentage between 10-200% of the incoming sell volume. This percentage controls the portion of the incoming volume you will use to make purchases.
Sell Strategy: Choose a percentage between 10-35% of the incoming buy volume. This percentage controls how much of the incoming buy volume you will sell into.
5. Set Market Cap Range
Set your strategy’s price range by defining a minimum and maximum market cap. Both buys and sells will only be executed within this specified range, based on the parameters you configure, ensuring precise control over your strategy’s interaction with market conditions.
6. Activate Your Strategy
Once all parameters are set, click "Set Strategy" to activate your Volume Range Strategy. You can monitor and manage your active strategies in the Strategy Dashboard, where you’ll be able to track performance, view transaction history, and make adjustments if necessary.
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