Blog
Nov 12, 2024
BONKbot Introduces Supercharged Limit Orders: A New Era of Trading on Solana
The crypto trading landscape on Solana is about to change. Today, we're introducing BONKbot's comprehensive limit order system, bringing professional-grade trading features to our Telegram-based platform. This release represents months of careful engineering and responds directly to our community's most requested features.
Reimagining Limit Orders for the Solana Ecosystem
When we set out to build limit orders for BONKbot, we knew we needed to go beyond the basics. Our users require tools that match the speed and sophistication of their trading strategies. The result is a limit order system that combines advanced features with our signature simple interface.
Core Features
Sub-Millisecond Execution
Our system operates at unprecedented speeds, with sub-millisecond reaction times when triggers are hit. This ensures our users are first in line when market conditions meet their criteria.
Intelligent Wick Filling
The system doesn't just execute at your specified price—it intelligently fills orders up the wick when possible, securing better prices than your trigger point. This feature alone can significantly improve trading outcomes during volatile market conditions.
Trailing Stop Loss
Perhaps our most significant innovation is the introduction of true trailing stop losses to Telegram-based trading. This feature automatically adjusts your stop loss level as the market moves in your favor, helping to protect profits without constant manual adjustments.
Partial Fill Support
Market liquidity is no longer a barrier to execution. Our system will partially fill orders when full liquidity isn't available, ensuring you never miss an opportunity due to size constraints.
Privacy and Capital Efficiency
We've engineered our limit order system with two crucial principles in mind:
Trading Privacy: All orders remain off-chain until triggered, preventing others from seeing and potentially counter-trading your positions.
Capital Efficiency: We've eliminated token lockups entirely. Users can set multiple orders on the same position while maintaining the ability to execute instant sells. The system requires just a 0.1 SOL minimum balance to keep orders active.
User Experience: Simplicity Meets Power
Despite the sophisticated technology underlying these features, we've maintained BONKbot's commitment to user-friendly design. Here's how to use the new features:
Setting a Limit Buy Order
Enter a ticker, contract address, or URL to select a token
Click "Limit"
Select your SOL investment amount
Enter your trigger (market cap, price, multiple, or percentage change)
Confirm the order
Setting a Limit Sell Order
Enter a ticker, contract address, or URL to select a token
Click "Limit"
Select the amount to sell
Enter your trigger
Optional: Toggle Trailing Stop Loss
Confirm the order
Order Management
We've implemented two straightforward ways to manage your orders:
View token-specific orders by opening any token position
Access all orders across tokens via the "Limit Orders" option on the Home page
Auto-Strat: Strategic Trading Automation
For users who employ more complex trading strategies, we've introduced Auto-Strat. This feature allows traders to:
Create preset combinations of take-profit and stop-loss orders
Deploy entire strategies with a single click
Save and reuse successful trading configurations
Technical Implementation and Reliability
Our engineering team has prioritized reliability alongside speed. The system includes:
Redundant execution paths to ensure order fulfillment
Continuous monitoring of order conditions
Automatic system health checks
Real-time synchronization across our infrastructure
Looking Forward
This launch represents a significant milestone in BONKbot's development, but it's just the beginning. We're already working on additional features and improvements based on early user feedback. In the coming weeks, we'll be releasing detailed guides on:
Advanced Auto-Strat configuration
DCA and VA
Copytrading
[redacted]
Getting Started
The new limit order system is being rolled out to all BONKbot. No action is required on your part—the features will automatically become available in your BONKbot interface.
With this release, we're bringing professional-grade trading tools to the Telegram ecosystem while maintaining the simplicity and speed that our users value. Whether you're an experienced trader or just getting started, these new features will help you execute your trading strategy with greater precision and confidence.
For detailed documentation and support, visit our Docs section or join our community channels. Welcome to the future of trading on Solana.