Last updated
Last updated
How to use and configure TrenchBot settings.
TrenchBot is a fully customizable trading tool, allowing each individual user the ability to tailor the bot to their preferences and trading style.
All TrenchBot settings can be configured for each individual chain.
Settings for one chain will not carry over to another and must be configured separately.
This allows users complete flexibility in their trading styles and approaches unique to each network they trade on.
By using the /settings command, a user is able to access the settings menu. From here, they are able to select which chain they wish to configure settings for.
Once a user has selected a chain to configure settings for, they are then able to select whether they wish to configure their Buy or Sell settings for this chain.
Buy Presets Buy presets are three unique Buy Amounts, where the user has an opportunity to configure their most commonly used Buys.
These are presented as: A, B and C.
The default preset for A preset Buys on Solana will be 0.1 SOL. If a user were to keep this setting, when presented with a Ticker/Contract Address, they could easily buy 0.1 SOL by simply clicking the A preset Buy option.
The user is able to change these preset options by clicking any of these options, and updating the configuration to their preferences.
For example, the default preset A Buy of 0.1 SOL, the user can click on this option, and enter a new amount that suits their trading size and style. This can be increased or decreased across the three available presets.
Sell Presets Similarly to Buy presets, if the user were to select the Sell Settings button, they are able to configure their most commonly used Sells.
These are presented as: Sell A and Sell B. These operate as percentages.
The default preset for Sell A on Solana will be 50%. If a user were to keep this setting, when presented with a Ticker/Contract Address, or through their Positions Management menu, they could easily sell 50% of their holdings by simply clicking the Sell A preset Sell option.
The user is able to change these preset options by clicking any of these options, and updating the configuration to their preferences.
For example, the default preset Sell A of 50%, the user can click on this option, and enter a new percentage that suits their trading size and style. This can be increased or decreased across the two available presets.
Users are able to configure the speed of their transactions and associated Gas fees in order to decrease likelihood of failed transactions by choosing between three options:
EVM & SVM have a different concept of Gas. For Ronin the gas setting is price in Gwei (one billionth of base asset) to pay per compute unit/gas limit whereas for Solana it is the maximum amount of SOL that can be consumed during a swap
Fast: This is the default setting for Buys and Sells. For SOL this is 0.005 SOL. For RON this is 25 Gwei.
Instant: This option allows users to process transactions faster and at a slightly higher Gas cost. For SOL this is 0.01 SOL. For RON this is 30 Gwei.
Custom: This option allows users to set their own Gas Fee.
The default Slippage settings are: SOL: 5% RON: 1% Users can simply click on the Slippage setting and enter a new percentage.
Trading low market cap coins can be extremely volatile. Due to these fast changes in price, the slippage requirements may differ from token to token. If your transaction has failed due to slippage, it has likely moved too much in price since you initiated your transaction. You can either try again or increase your slippage to allow for deviation in price of purchase.
Activating this setting (green) will add an extra confirmation step to all trades. This will enable the user a chance to review their purchase before processing any transaction. Deactivating this setting (red) will remove any additional steps and allow users to action one click trades.
