Bot Tracks 4 Networks: ETH, BNB, Base, Arbitrum
60sQuick overview of a multi-chain trading bot sparks curiosity about automated crypto strategies.
▶ Play ClipAI Summary
The video demonstrates how to set up and use the Gem Sniper Bot, a tool that integrates with DexScreener to provide alerts and test trading strategies on Ethereum, BNB Chain, Base, and Arbitrum. It covers creating custom screens, configuring alert-only and profitability testing modes, and monitoring bot performance, including take profit and stop loss settings.
Chapters
[00:13]
Bot Overview
The bot supports Ethereum, BNB Chain, Base, and Arbitrum, and can send alerts for new coins based on custom screens.
[01:13]
Setting Up a Screen
Example screen criteria include liquidity increase of $15k, buying pressure of $10k, 50 experienced buyers, security score 10+, and $10k daily volume.
[02:12]
Creating a Test Bot
Clicking Test Bot creates a virtual position for each matching coin, enabling alerts and profitability testing.
[02:43]
Profitability Testing Setup
Configure allocation (e.g., 10 USDC per coin), max coins held (e.g., 50), take profit (15%), and stop loss (5%).
[05:22]
Monitoring Performance
The bot shows total P&L, APY, coins bought/sold, current holdings, and details for each coin including unrealized P&L.
[10:12]
Stop and Pause Options
You can stop the bot to close all positions or pause it to halt new buys while keeping existing positions open.
Mentioned in this Video
Tutorial Checklist
1
01:13
Create a screen on DexScreener with your desired criteria (e.g., liquidity increase, buying pressure, security score).
4
03:02
If testing, set the coin to buy with (e.g., USDC), allocation amount (e.g., 10 USDC), and maximum number of coins to hold.
7
10:12
Use stop to close all positions or pause to halt new buys while keeping existing positions open.
💡 Key Takeaways
🔧
Bot Integration with DexScreener
Explains how the bot connects to DexScreener and supports multiple networks, which is the foundation for automated trading.
00:13
💡
Custom Screen Criteria
Shows how to define specific filters to find coins with desired liquidity, buying pressure, and security, which is crucial for strategy success.
01:13
🔧
Alert-Only Mode
Demonstrates how to set up alerts for new coins without trading, allowing users to monitor opportunities passively.
02:12
💡
Profitability Testing
Explains how to simulate buying coins with virtual funds to test strategies without risking real money.
02:43
🔧
Pause vs. Stop
Clarifies the difference between pausing (halting new buys) and stopping (closing all positions), which is essential for risk management.
10:27Full Transcript
[00:00] Disclaimer. This video is for educational purposes only. I am not your financial advisor. This is not financial advice. Please do your own research before making any investment or using the programs presented in the video.
[00:13] This bot integrates with DexScreener and currently supports four major networks. Ethereum, BNB Chain, Base, and Arbitrum. It's a tool that allows you to receive alerts for new coins based on your customized screens and test potential trading strategies.
[00:28] You can even set it to run fully automated strategies, buying coins according to your predefined criteria and selling them at preset take profit or stop loss levels. In this video, we'll focus on the alerts and profitability testing features of the Jam Sniper Bot.
[00:45] This video assumes that you are already familiar with the Dex Screener functionality. If not, please watch our separate video covering that. Let's start by setting up the Jam Sniper Bot. Head over to the deck screener where you create your screens.
[00:59] Once your bots are launched, you can find them on the Good Crypto X page under the Sniper tab. Gem Sniper will display bots running in alert-only mode, profitability testing mode, and full trading mode, all in one place.
[01:13] Now, let's go back to the deck screener and set up a screen. We want to find coins on the base that meet certain criteria. For example, liquidity increased by at least $15,000 in the past day.
[01:26] Buying pressure whereby orders exceed sell orders by at least $10,000. A minimum of 50 experienced buyers in the past 24 hours.
[01:39] A security score of 10 or higher to avoid potential scams. At least 10,000 US dollars in daily trading volume, just to ensure that the coin is actually traded and its liquidity is not artificially increased.
[01:54] With these settings, we see that 7 coins match our criteria. We can explore them further and potentially buy them right away. However, as time goes on, new coins will appear that meet these criteria, and those are the ones we want to discover and potentially buy.
[02:12] So, how do we do that? First, we can set up an alert in the GoodCryptoX app to notify us every time a new coin matches the criteria. To do so, simply click the Test Bot button.
[02:25] This will create a virtual position for each coin that matches the criteria in your screen. Let's name this bot Test Bot 1. If you only want to receive alerts, that's all you need to do. Once launched, the bot will track the performance of matching coins and send you alerts when new coins meet your criteria.
[02:43] Alerts are enabled by default so once it running you be notified every time a new coin is found However if you want to take it a step further you can test what happens if those coins were automatically bought at the same moment they were discovered on the screen and held until they either reach a take profit or stop loss level Here
[03:02] how you set that up. Choose a coin to buy those coins with. We'll be buying them with USDC. Set the amount of USDC you want to allocate for the coin. We'll allocate 10 USDC for each
[03:16] 10 USDC for each coin that appears on our screen. Define the maximum number of coins held. This parameter determines how many coins our bot will actually hold if there are many that match our criteria.
[03:29] If we leave this setting at the default of 100, we can have a maximum of 100 simultaneous positions. Since we plan to allocate 10 USDC for each coin, we will need at least 1000 USDC in our
[03:42] account for the bot. However, we only have 500 USDC available. We need to reduce the maximum number of coins held to 50. This way, the bot will effectively buy those 50 coins and ignore the rest of the alerts
[03:57] until it sells some of them. In other words, we will have no available space to buy new coins until we sell some of the existing ones. Now let's go to take profit.
[04:09] We want to sell our coins whenever the price rises by 15%. Additionally, we have the option to set a stop loss as a precautionary measure. For this setup, we will choose to set a stop loss at 5%.
[04:23] As you can see, the alerts are set to on by default, but we can toggle them off if we want. Still, we're keeping them enabled because we want to stay informed about the bot's moves. We need to know when it's making trades or taking action.
[04:36] We'll click Test Bot now and just like that, our bot is launched. If we click OK, we can return to DexScreener to set up another bot, or we can click Show Bot Details to navigate to the Goo Crypto X Trading page.
[04:51] There in the Sniper column, we'll see our newly created test spot 1 appear. If we open it, we can see the exact parameters we just set up. These include the conditions for buying the coins, as well as the conditions for selling
[05:06] them, which include the take profit and stop loss. There are also several other parameters that we might not use in this test bot. Instead, let's check out an actual bot that has been running for some time.
[05:22] We have a bot with a strange name that has been running since September 27th. It shows that we currently have 8 coins in the virtual position.
[05:34] For more than 7 days it bought 189 coins and sold 181 now holding the remaining 8 The total P during this period is positive The bot is running smoothly
[05:51] indicated by the green dot. And these are the buy conditions we set up. We chose to virtually buy every coin with a security score over 10 that has risen by at least 10% in the last hour. Essentially, this creates a momentum screen that aims to buy coins already
[06:09] experiencing price increases, hoping that this upward trend will continue. The selling conditions include take profit and stop loss parameters. We will sell if the price rises by 10% or if it drops
[06:21] by 5%. Here we can see the total P&L which includes both realized P&L and unrealized P&L. The eight coins we're holding show positive unrealized P&L contributing to an overall
[06:37] positive total P&L. Additionally, we have an APY of around 9%. The running time indicates that the bot has been operational for just over a week. Each coin was virtually bought at the same size
[06:50] of 10 USDC as set up in our test bot. This line displays the historical maximum position of this bot. When we set it up, we chose a maximum position of 30 coins, meaning it will never hold more than
[07:04] 30 coins simultaneously. Since each coin is purchased for 10 USDC, the total position of the bot will not exceed 300 USDC. Currently, it holds 8 coins, but the maximum concurrent
[07:17] position reached was 23 coins during the past 7 days. Despite buying over 200 coins and selling most of them, it never held more than 23 coins at any point. So again, the maximum position shows
[07:31] that the bot can buy up to 30 coins at a time, and it has previously bought or held a maximum of 23 coins. Currently, it holds 8 coins. This section also displays the total number of coins the bot has bought throughout its
[07:46] lifetime, as well as the total number of coins it has sold. We can also see that the alerts are off for this particular bot, so we won't be receiving notifications for the potential 400 alerts that could have occurred.
[07:59] However, we can turn the alerts on or off at any time as needed. This is an overview of a running bot and what it shows, but there are also some details to consider. For instance, if we look at the coins being held, we see that we currently hold 9 coins with a total position of 9 USDC.
[08:18] The bot just bought an additional coin, bringing the total to 9, which makes sense since each coin is purchased for 10 USDC. We can also see which specific 9 coins are being held right now.
[08:31] For each coin we can quickly view the amount bought its name and the unrealized P at the moment For example one of these coins has a 9 unrealized P with a take profit set at 10 so it
[08:46] close to hitting that target. The rest of the coins are performing closer to zero. We can hover over each coin to access more details, including information available in the DEX screener.
[09:01] There's also a convenient option to copy the coin's address and a shortcut that allows us to input it into the order creation form for immediate trading. Additionally, we can add coins to our favorites list in DexCleaner for easier tracking.
[09:16] If you unwrap the card for a specific coin, you'll find more information, such as the purchase date and time, like this coin, which was bought on September 29th, along with the purchase price. Currently, it's waiting to be sold.
[09:31] Moving on to the sold coins, instead of showing all 200, we provide a snapshot of the last 20 coins that the bottom has sold.
[09:43] Here you can see the realized P&L, giving you a clearer picture of your actual profits or losses. You can hover over the coin names for more info, and by expanding the details, you can check when each coin was bought and sold along with the corresponding prices. This
[09:59] overview helps you better understand your trading performance. Since this is a test bot, you can research these coins further to evaluate whether they are worth buying again. These are the key details a running bot can show you. One
[10:12] final thing to consider is what actions you can take with a running bot. You can stop it at any time which will automatically close all positions at the current market price. If we stop it now, the bot will sell its holdings, converting any unrealized
[10:27] P&L into realized. Alternatively, instead of stopping the bot, you can pause it, an option we're introducing for the first time with the Gem Sniper bot. Pausing the bot prevents it from buying new coins, so it won't open any additional positions. However, the current positions remain
[10:45] open and the bot will continue tracking prices. It will automatically sell coins when they hit the predefined take profit or stop-loss levels. If we pause the bot it will ignore all incoming alerts and won't buy any new coins while in pause
[11:00] mode. However, if a coin reaches our take profit level of 10% the bot will still sell it. At any point we can resume the bot and once it's resumed it will continue running and start buying new coins again. For example, here we have a
[11:17] bot that was paused some time ago indicated by a gray dot next to it. This visual cue helps differentiate it from the running bots. That's everything we wanted to share with you today. We hope you enjoy testing the GemSnack a lot.