🔧Setting up

How do we start?

For now, Solcrates Bot is a closed-source project. You need to download it from the RELEASE section of the repository as a executable file, listed in the right-middle section of the repository page. As the program is .exe file, you don't need to download NodeJS and modules to use it.

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For Windows

Download .exe from releases of solcratesbot repository and launch it

OR

Use curl to download the release cd into your custom folder or make the new folder

mkdir solcratesbot 
cd solcratesbot 
curl -L https://github.com/Solcrates-Labs/solcratesbot/releases/download/v0.1.3-beta/solcratesbot-win.exe > solcratesbot-win.exe

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For Linux

For linux, first you need to install wget

apt install wget

Create a folder for program, then with wget you now need to download the latest linux release of the bot

mkdir solcratesbot
cd solcratesbot
wget https://github.com/Solcrates-Labs/solcratesbot/releases/download/v0.1.3-beta/solcratesbot-linux

IF YOU USE CURL REPLACE WGET with
curl -L https://github.com/Solcrates-Labs/solcratesbot/releases/download/v0.1.3-beta/solcratesbot-linux > solcratesbot-linux

To run a program after installation

chmod +x solcratesbot-linux // Execute this once to make solcratesbot-linux an executable
./solcratesbot-linux

GitHub - Solcrates-Labs/solcratesbot: Solana algorithmic trading bot with predefined HFT/LFT and other unique strategiesGitHub

❓ As the program starts, it will create .env file for environmental variables(stored only on your PC/VPS) to list in: Private_key variable: The private key of your solana wallet. Rpc_url variable: Remote Procedure Call URL. You can get it from diverse RPC Solana providers, such as Helius, Alchemy, Quicknode, GetBlock, PublicNode. Usually free/freemium tier is enough to run a program if you use only basic strategies that are not SCALPING and ARBITRAGE

After setting all variables in .env file, launch program again.

Note: You can edit .env file with various text editors like Notepad++ on Windows and nano or vi on Linux

✔️ After launching, you can set all desired options to trade in program in a user-friendly command line interface. These options include: 1.) Strategy: The strategies to use with a quick info, pros/cons about them. 2.) Buying token: What token will be used to buy? Supports stablecoins and popular solchain coins. (for now) 3.) Trading token: What token will be speculated on? Supports only jup strict-list tokens for safety measures.(for now) 4.) Trading amount: Trading amount per transaction in USD? 5.) Global stop-loss percent number. 6.) Slippage percent number.(Auto converts to BPS) 7.) Priority Fee Max lamports.(Very important setting, it may highly impact your trading performance) 8.) Sending transaction cooldown in milliseconds number(If your RPC gives your TOO MANY REQUESTS 429 errors, you need to make it higher) 9.) Use Field-testing(debug) mode(Will replace trading amount you set before with 0.01 usd) Note: Good for RPC testing, but Priority fee number won't be changed. After setting everything up, you confirm it and the program starts trading. For beta version logging and trading interface is still blunt, but it will be updated in the next versions of the program. You're good to go.