7️⃣Step 7: Set Max Buy and Max Sell Fees

Step 7: Set Max Buy and Max Sell Fees

In these steps, you’ll set the maximum fees the bot can use for both buying and selling trades. These fees, also known as Jito fees, are dynamically adjusted to ensure faster execution in varying market conditions.

How to Set Max Buy and Sell Fees

1. Choose Your Max Fees for Buy and Sell

   • Enter the maximum fee you’re comfortable with for both buying and selling trades. The bot will always start with the lowest fee necessary, but in cases of high volatility, it may increase the fee to execute the trade faster.

   • Setting a max fee ensures that the bot will never exceed your specified limit, even in highly volatile conditions.

2. Automatic Fee Adjustment

   • For less volatile tokens, the bot will use minimal fees to execute the trade.

   • For more volatile tokens, the bot may increase the fee (up to your max limit) to secure faster execution and prevent failed trades.

Example

• Max Buy Fee: 0.5% and Max Sell Fee: 0.5%

  • If you set a max fee of 0.5% for both buying and selling, the bot will adjust the fee as needed to complete the trade efficiently, without ever exceeding 0.5%. For stable trades, it will keep fees low, while for volatile tokens, it may increase fees (within your limit) to fast-track the trade.

Setting max buy and sell fees allows the bot to optimize trade execution speed without surpassing your defined fee thresholds, ensuring efficient and controlled trading costs.