The Trojan Trading Bot, operating on the Solana blockchain, has become a go-to tool for traders looking to enhance their trading efficiency on Telegram. Given its popularity and the specifics shared across various Pro Traders , this article will detail the optimal settings for using the Trojan Bot to maximize your trading outcomes.
General Overview
Trojan Bot is renowned for its speed and reliability in executing trades on the Solana network. It’s particularly useful for trading memecoins, where timing can significantly affect profitability. Here are the best settings to consider:
Transaction Speed
Fast Mode: Set at 0.0015 SOL per transaction. This is ideal for most trading scenarios where you want your transactions to go through quickly but don’t need the absolute fastest speed.Turbo Mode: Costs 0.0075 SOL per transaction. Use this setting when speed is critical, such as during token launches or when you need to ensure your trade is prioritized over others.
Slippage Settings
Slippage Percentage: A common recommendation from X posts is to set the slippage at around 15% for most trades. However, this can be adjusted:Increase to 25–50% for high volatility scenarios or when trading newly minted tokens where price can fluctuate rapidly.Decrease to 0.35% or less if trading in a market with significant liquidity and less price impact.
Auto Buy Settings
Buy Amount: A suggested starting point is 0.6 SOL for each buy operation, but this should be customized based on your risk tolerance and market conditions.Slippage: For auto-buy, a tighter slippage might be set, like 0.35%, but be prepared for potential transaction failures if liquidity is low.
Auto Sell Settings
Slippage: Set at 50% to ensure your sell orders execute even during rapid price movements. However, if the token has high liquidity, you might reduce this to conserve potential losses from price impact.Stop Loss: Implement at -50% to protect against significant downturns in token price.
Take Profit:
If Unit Price x2: Sell half of the doubled amount.If Unit Price x3: Sell 33% of your remaining holdings.If Unit Price x5: Sell 10% of what you have left, keeping the rest for potential further gains.
MEV Protection
Enable MEV Protect for both buys and sells to avoid front-running or sandwich attacks. Note that this might slightly reduce transaction speed due to less validator support for private transactions.
Copy Trading
Choose Wallets Wisely: Use the bot’s ability to copy trade by selecting wallets that have a proven track record. Ensure you’re not copying snipers or custom programs which might not be replicable through the bot.Slippage for Copy Trading: Adjust to 25% to balance between catching profitable trades and avoiding excessive slippage.
Referrals and Fees
Use Referrals: If you’re new to the bot, consider using a referral link to reduce trading fees from 1% to 0.9%. This small reduction can add up over time.Fee Structure: Remember, fees are only charged on successful transactions, which includes the bot’s fee and network transaction fees.
Conclusion
Optimizing your settings on the Trojan Trading Bot involves balancing speed, slippage, and risk management to suit the volatile nature of memecoin trading on Solana. Regularly review and adjust these settings based on real-time market conditions, your trading strategy, and feedback from the Pro Traders. Remember, while these settings are based on community insights and experiences, individual results may vary, and it’s crucial to continue learning and adapting your strategy for the best outcomes.
Best Trojan Trading Bot Alternatives
In the dynamic world of cryptocurrency trading, especially on platforms like Solana, selecting the right trading bot can make a significant difference. Here’s an overview of the best alternatives to the Trojan Trading Bot, based on insights from professional traders :
1. BullX
https://neo.bullx.io/p/easyconnect
Professional traders have labeled BullX as the top choice, especially its Neo version, which they describe as “superior by far.” Traders highlight its speed, efficiency, and the active development by a communicative team, positioning it as a beefed-up version of what many are looking for in a bot.
2. GMGN.io
https://t.me/gmgnaibot?start=i_NkduWlgN
GMGN.io has been favored by professional traders for its capabilities in meme coin trading. Feedback from reveals traders have switched to GMGN for enhanced buy positions and faster take profits, showcasing its competitive edge in specific trading scenarios.
3. Nova
https://t.me/TradeonNovaBot?start=r-TRADENOW
Nova is noted for its efficiency and speed in sniping and trading, with professional traders on X suggesting its use alongside BullX or Photon for the fastest possible transactions. Its one-click functionality and compatibility with other leading bots make it a versatile choice among seasoned traders.
4. Photon
https://photon-sol.tinyastro.io/@goldone
While Photon is appreciated for its reliability and speed, professional traders on X often discuss its potential if it were to integrate the additional features of BullX. It’s seen as a solid platform but with room for growth to match the comprehensive offerings of its competitors.
Other Notable Alternatives
Axiom Exchange: Mentioned by some traders on X for its decent UI and additional features, though it’s not as widely discussed or praised as the top four.Bloom: Bloom has caught the attention of traders on X, particularly for its attempt to create a bot extension that could affect fee structures on platforms like Photon and BullX. However, its reception among professionals is mixed.Sanji: Recognized by professionals on X for its quick execution and integration into Telegram, offering a fresh approach for traders seeking immediate trade triggers.
In summary, based on the insights from professional traders on X, BullX, GMGN, Nova, and Photon stand out as the leading alternatives to Trojan, each with unique strengths catering to different aspects of trading. The choice among these would depend on specific trader requirements like speed, feature set, or platform compatibility. Remember, the crypto trading scene is ever-evolving, and today’s top bot might see new challengers or updates that shift preferences.
LEARN MORE:
NOVA ACCESS CODEBULLX ACCES CODEBest Solana Trading BotAXIOM CODEBullx Exchange
Best Settings for Trojan Trading Bot + Top Alternatives was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.