What's Peak Sniper and how do I use it?

Peak Sniper is a tool that ensures part of your order is filled at your target price by the time the order expires, even if the market doesn’t exactly reach your desired price. With Peak Sniper, you won’t have to worry about missing out on a better price or not trading in time, eliminating fear, uncertainty and doubt.

How do I overcome fear, uncertainty and doubt on my crypto-selling journey with Peak Sniper?

Selling at the right price can be tricky, especially when market prices change quickly. You may miss the perfect moment to sell, which could cause stress and lead to selling at a lower price than you originally wanted. A regular limit order allows you to set a price, but if the market doesn’t reach your target, nothing gets sold. That’s where Peak Sniper comes in.

How does it work?

Imagine you own 1 Bitcoin (BTC), and you want to sell it at $25,000 while the market price is at $22,000. If the market never reaches $25,000, a regular limit order won’t fill. But with Peak Sniper, even if the price moves in the wrong direction, a portion of your BTC will still be sold at your target price by the time your order expires.

Visualizing the concept: think of it like reserving seats at a concert. You reserve 10 seats, but as the concert date approaches, only 7 seats can be guaranteed due to high demand. Similarly, Peak Sniper ensures that at least part of your order is sold at your desired price, even if the market fluctuates.

What are the key features to remember?

• Locked funds: once you place the order, your funds are locked until the order expires. You can’t cancel or withdraw the funds early.

• Target price and market price: the closer your target price is to the current market price, the larger the portion of your order that gets filled. If your target price is too far from the market price, a smaller portion will be filled.

• Expiry price matters: the bot only focuses on the price at the order’s expiry. If the market price goes above your target and then drops again, Peak Sniper will still fill the guaranteed percentage based on the original price.

How do I set up Peak Sniper?

With Peak Sniper, you no longer need to worry about missing the perfect moment to sell. It helps you lock in your desired price, even in volatile markets.

1. Go to the Trade section on the main dashboard

   

   Select Trade from the homepage

2. In the Trade menu, select Trading bots

   

   Proceed to select the Peak Sniper bot under the Arbitrage bots section

3. Look within the trading bot list and select Peak Sniper from the Arbitrage bots category

   

   Proceed to select the Peak Sniper bot under the Arbitrage bots section

4. Select the recommended strategy card or select the All option to view more selections. Pick the option that suits your desired needs. Customizing your own parameters is also possible by selecting Customize

   

   Select either one of the strategy cards by selecting the Sell now option or customize

5. Enter the amount you want to sell, and select the expiration date. The guaranteed ratio will change based on price and expiry. When you’re ready, select the Sell BTC at Peak option

   

   Insert your preferred details before you proceed to set your trading to Sell BTC at peak

6. Confirm the order once you've confirmed the details. Once that's done, your order will be confirmed and funds will be locked up until it expires

   

   Confirm your trading at the Order confirmation pop-up to start trading

Learn more about other trading bots available here.