Solana Sniper bot
Smithii's Sniper Bot
Last updated
Smithii's Sniper Bot
Last updated
🔗Sol Sniper Bot: https://smithii.io/en/solana-sniper-bot/
RPC (Remote Procedure Call): Is the connection between your sniper and the blockchain of Solana (Solana Program Library) that will allow you to execute the automatic actions that we are going to configure. The RPC is constituted by the Endpoint and the WebSocket Endpoint. You can opt to use the premium RPC from Smithii for 0.25 SOL
Buying Token
Here you will start configuring how the Solana sniper bot will perform the purchase.
While SOL is used for fees, WSOL (Wrapped Solana) is used for purchases, which speeds up the operation of the sniper bot for technical reasons that I don't want to bore you with, so you must have a balance of both tokens, SOL and WSOL in your wallet.
The buying amount will depend exclusively on you, but it is important to consider that it is not a parameter that you should think about on its own, but rather that you should analyze it in conjunction with the other configurations of sniper.
Selling Token
The first thing you come across in the sell parameters section is the option to enable auto sell tokens. It is the nature of using the sniper, buy and sell automatically, unless one of your strategies is based on logging randoms tokens for a long time in the hope of x100. In this case we disable auto sell so that the sniper will only do the buying.
With respect to the above, if your idea is to loot, you should activate all the filters that the purchase conditions establish and that we will see below, but even so you will not be saved from an exploit by bundle.
Price Check Interval:
Using a Price Check Interval well below 500 would saturate the use of the RPC, since every action of sniper bot requires a connection with the blockchain, therefore, it implies the use of the RPC. On the other hand, an interval greater than 1000 milliseconds would be almost playing blind, seconds are vital.
Take Profit:
Based on several days observing the behavior pattern of rug pullers and exploiters, you will rarely exceed 30% even if you buy in the first transactions, 15% to 20% would be the most risky, 10% to 15% the most conservative and if you use a high buying amount (In pools under 100 SOL, 1 SOL can be considered high), it is safest to use a take profit lower by 5% or 9%.
Never use round numbers, as most snipers may be set up this way as a matter of human behavior, so if you want the take profit at 20 use 17/18, if you aim for 15 use 13/14.
Stop Loss:
If you are sniping you should understand that you are willing to lose the entire purchase amount, but still, in accompaniment of your overall strategy, you can adjust a stop loss.
If you plan to get in and out of the pool quickly, you will rarely touch a 10% stop loss having entered between the first few trades, although it is reasonable to use 10 in case for some reason sniper bought late. In this case set the stop loss at 8/9 to avoid round numbers.
Enforced Selling: According to the behavior pattern of rug pullers and exploiters when sniping, we can deduce how long it is relatively safe to be inside a pool, in my case I always use 120000 or 150000 milliseconds (2/3 minutes), no more than that. As long as the purchase is in the first transactions, it is very difficult to reach the rug pull or exploit.
Sell Slippage:
In this case, the same reasoning as buy slippage, between 20% and 40% is standard to avoid transaction failure.
Token Filters
Check if freezable:
If we do not activate it we will enter pools where the creator can freeze the token and nobody who has bought it will be able to sell it.
Check if Mintable
This filter only matters if you plan to loot tokens, but if you follow the strategy of fishing in dangerous waters of rug pullers and exploiters, this filter will not help you at all, you will only find less pools to snipe from. A mintable token can increase your total supply by generating inflation.
Check if Immutable:
As above, you will only be interested in activating it if your strategy is to loot tokens. A mutable token can change its metadata.
Check if LP Burned
It seems to be the filter to avoid rugpulls, a liquidty pool whose liquidity token is burned cannot be removed... but there are still the exploits. If you activate it the sniper will buy less frequently, anyway it will always be your own research to base your decision. This filter will be useful for the token loitering strategy.
Skip LP Bundles
This filter is useful to avoid exploits. You will have to analyze your strategy to use one or the other, avoid rug pull using LP burned, avoid exploits with skip LP bundles, or both, although in this case you will find very few pools, but safer by the way. After all, it may be the case that you are interested in risky sniping and this type of filter is not your main interest.
Check if socials
With this we are looking for transparency and credibility of the token, which is assumed when a creator takes the time to put links to social networks in the metadata of a token, but I have seen tokens with random links, just to confuse the bots using these parameters. It is a useful filter for holding strategy.
Max Dev Hold Amount
This refers to the amount of the total supply of the token that will be retained by the creator of the liquidity pool, whose potential sale would mean a significant drop in the price. In this sense, most of the tokens that we will be buying under the already exposed risks of rug pull or exploit, are launched without retention by the creator, since it will be enough for him to remove the liquidity or sell what he has bought in bundle. However, statistically, percentages higher than 10% increase distrust in cases where the project does not have tokenomics defining a vesting or allocation of the supply retained by the dev.
Min Pool Size
The third most important configuration after the enforced selling and the check if freezable. With this we will avoid small pools that by observing patterns of behavior for several days, are where the rug pull happens faster. A good barrier is around 90 of min pool size, depending on the day you can take up to 1 hour to find a pool, although finding many pools is not synonymous of profit.
Max Pool Size
It is highly recommended that you do your own research, for which you can use the log of sniper and go analyzing each pool that is found to establish patterns and optimize your configuration.
You are now ready to start snipping, after completing all the parameters click on "Save Settings" and a pop-up will appear in the upper right corner notifying you of the saved settings:
Then click on "Run Sniper", you will not have to confirm any transaction since your private key is already entered, it will never be stored
he sniper will run for 12 hours constantly showing you its activity in the log:
