Here are some recommended settings for the Bonk Bot:
General Settings:
BONKbot Announcements: Toggle on for occasional updates from BONKbot.Minimum Position Value: Set this to manage your portfolio display, e.g., $0.01 to hide tokens below this value.
Auto Buy:
Status: It’s generally recommended to keep this disabled for beginners to avoid accidental trades. However, if you choose to use it, setting the amount to something like 0.25 SOL or above is advised to not be considered low capital.
Buy/Sell Button Config:
Buy Button:Left: 1 SOL (for smaller trades)Right: 5 SOL (for larger trades)Sell Button:Left: 25% of your position (for partial selling)Right: 100% (for selling the entire position)Adjust these according to your trading capital and risk tolerance. Some users prefer setting the Sell Button to 50% and 100% to lock in profits.
Slippage Config:
Buy and Sell: Typically set to 10% by default. This allows trades to go through even if there’s a slight price change.
MEV Protection:
Mode:
Turbo Mode: Uses Jito for the fastest transactions with protection. If a regular transaction would be quicker, protection might be bypassed.Secure Mode: Ensures full protection against frontrunning but might slow down transactions. You can increase the bribe to speed up the process.
Additional Tips:
Trading Strategy:Buy setting at 20% and sell at 15% has been suggested by some users for volatile new coins. However, this should be adjusted based on your trading style.For new users, it’s advised to start with conservative settings until you get familiar with the bot’s behavior under different market conditions.Customization: As you gain more experience, you can tweak these settings to better match your trading strategy.
BEST BONKBOT Trading Bot Alternatives
Here’s a concise overview of some of the top Bonkbot alternatives based on discussions within the crypto trading community on X:
When choosing a trading bot, it’s essential to consider factors like speed, security, user interface, and specific features like scam detection or whale tracking.
Here are five notable alternatives to Bonkbot that have been highlighted by users:
BullxNovaGMGNPhotonTrojanIn the dynamic world of cryptocurrency trading, selecting the right trading bot can significantly enhance your trading strategy and success. Here, we’ll explore some of the top alternatives to Bonkbot, starting with Bullx, followed by Nova, and then GMGN, based on insights from posts on X.
1. Bullx
https://neo.bullx.io/p/easyconnect
Bullx has emerged as a strong contender in the trading bot arena, particularly noted for its advantages in finding legitimate opportunities and avoiding scams. According to posts on X, Bullx is praised for its comprehensive features that include:
Scam Detection: Users have highlighted Bullx’s capabilities in identifying and steering clear of potential scam tokens, a crucial feature in the volatile crypto space.User Interface (UI): The UI of Bullx is often commended for its intuitiveness, making it a preferred choice for those who value a smooth trading experience.Integration: Bullx can be used in conjunction with other platforms like Nova, enhancing its utility. However, some users mention experiencing MEV (Miner Extractable Value) issues, which could be a point of concern for high-frequency traders.
2. Nova
https://t.me/TradeonNovaBot?start=r-TRADENOW
Nova steps into the scene with its reputation for speed and one-click trading capabilities. Here’s what the X community says about Nova:
Speed: Nova is frequently mentioned for its fast execution, making it ideal for sniping new token launches or capitalizing on rapid market movements.Affordability: Posts on X often note that Nova offers competitive fees, which is a significant factor for traders looking to maximize profits.User Experience: Despite its advantages, there are mixed reviews. Some users find Nova’s performance lacking compared to Bullx, especially in terms of reliability with features like automated dev sells or sniping migrations.
3. GMGN
https://t.me/gmgnaibot?start=i_NkduWlgN
GMGN has been gaining traction for its unique features, making it a notable alternative in the trading bot ecosystem:
Whale Tracking and Scam Detection: GMGN is appreciated for its ability to track whale movements and provide insights into smart money, alongside its auto-scam detection, offering traders an edge in decision-making.Real-Time Analytics: Users on X often mention GMGN’s real-time data and analytics, which are crucial for staying ahead in fast-moving markets.User Preference: While not as universally praised as Bullx or Nova for every aspect, GMGN’s specific features make it a top choice for those focused on security and detailed market insights.
Other Alternatives
While Bullx, Nova, and GMGN take the spotlight, other bots are also making waves:
Photon: Known for its use among traders, Photon is often recommended for those who prefer a bot with a strong track record in trading. However, some users report issues with fills and consistency compared to Nova.Trojan: Although it has been around, Trojan’s performance seems to lag behind newer or more specialized bots like Bullx and Nova, with some users mentioning a high failure rate in trade execution.
Conclusion
Choosing the best Bonkbot alternative largely depends on your specific trading needs, whether it’s speed, security against scams, or a user-friendly interface. Bullx stands out for its scam detection and user experience, Nova for its speed, and GMGN for its detailed market insights and security features. However, it’s crucial to test these bots under real market conditions to see which one aligns best with your trading strategy. Always remember, the crypto trading landscape is ever-evolving, so staying updated through community feedback on platforms like X is invaluable.
LEARN MORE:
NOVA ACCESS CODEBULLX ACCES CODEBest Solana Trading BotAXIOM CODEVectorDotFun CodeBullx Exchange
Best Settings for BonkBot Trading Bot + Top Alternatives was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.