Snapback Wiki
How the bot works, what each parameter means and how to start. Explained in plain words.
Quick start
How to connect a Binance API key to a botHow to connect a Binance API key to a Snapback bot: which permissions to enable, why withdrawals must be off, where to get the key, what to do if it fails.
How to connect the Telegram botHow to connect the Snapback Telegram bot: where the Connect Telegram button is, what to do in the chat, which messages arrive and how to disconnect.
How to create your first bot, step by stepHow to create your first bot in Snapback: the wizard blocks, what each field means, backtest, saving, switching on and what to check before you start.
Guides
Breakeven stop loss: how it worksWhat a breakeven stop loss is: how the stop moves after a take-profit, why a fee adjustment is needed, and what it does not guarantee.
How to short crypto on BinanceHow to short crypto on Binance futures: what a short is, margin, leverage, stop loss, fees and funding, and the risks that come with a short position.
Crypto pump and dump: what it isCrypto pump and dump explained: how a coin gets pumped, why it falls back, how a bot detects a pump, and why shorting it is risky.
Stop loss and take profit on Binance futuresStop loss and take profit on Binance futures for a short: where to place them, how they differ, how take-profits are split, and what they do not guarantee.
Crypto backtesting toolA crypto backtesting tool in Snapback: how it replays bot settings on historical Binance candles, what it includes, and what it cannot show.
Do crypto trading bots work?Do crypto trading bots work? What a bot can and cannot do, the risks of automated trading, and how to judge settings without illusions.
Binance futures leverage and liquidationBinance futures leverage and liquidation in plain words: what margin is, how leverage multiplies results, when liquidation hits and how Snapback caps it.
How a trading bot protects a positionHow a trading bot protects a position in Snapback: a stop on the whole position, take-profits, recovery after failures, market close and risk limits.
Service reference
The Trades page and exit reasonsReference for the Snapback Trades page: columns, statuses, filters and every exit reason, from stop-loss and breakeven to a market close.
Backtest metrics: what each number meansReference for the Snapback backtest page: return, win rate, drawdown, take-profits, stops, peak load, ambiguous minutes and the limits of these numbers.
Bot parameters
Signal: what we catch
Pump threshold: how far a coin must rise before the bot shorts itThe Pump 'rise' setting in the Snapback bot: the minimum percentage a coin must climb inside the window before the bot considers shorting it.
Pump window: the time frame in which a coin must riseThe pump window in the Snapback bot: 1, 1.5 or 2 hours. How it shapes signal detection and how it differs from the pump threshold.
Trading volume filter: a coin's daily turnover on futuresThe Trading volume setting in the Snapback bot: daily futures turnover ranges from under 1M to over 100M USDT, and how the selection works.
Confirmation candle: wait for a pullback from the peak before shortingThe Confirmation candle filter in the Snapback bot: how the pullback from the peak is checked on 15-minute candles and what the pullback % means.
Not ATH filter: don't short a coin at its all-time highThe Not ATH filter in the Snapback bot: it skips coins breaking their 60-day high. How the ceiling is calculated and what the buffer does.
Coin blacklist: which coins the bot will never shortThe Coin blacklist setting in the Snapback bot: how to exclude specific coins from shorting, which format to enter them in and when the list is checked.
Entry: how we get in
Short entry price: where the bot places its sell orderThe 'How we enter' setting in the Snapback bot: the limit price of the short order, the 'At the chart level' mode and +1.5%, +2.5%, +4% offsets.
Post-only (maker-only) order: entering without filling against the marketThe post-only setting in the Snapback bot: an entry limit order that cannot fill against the market. What maker means and why it is about fees.
Entry order timeout: how many seconds the bot waits for a fillThe 'Wait for the fill, seconds' setting in the Snapback bot: how long the entry order waits, what happens after the timeout and how it affects trades.
Exit: how we get out
Take profit percent: the last exit target of a shortThe 'Take profit, %' setting in the Snapback bot: how far below entry the last target sits, how intermediate targets are spaced and the allowed range.
Take profit ladder: how the bot splits a position across targetsHow the Snapback bot splits a short into 1, 2 or 3 take-profits, which size splits are allowed and why a thin slice can stop a trade from opening.
How to move stop loss to breakeven: after the first or second take-profitThe Breakeven setting in the Snapback bot: after which take-profit the stop moves to the entry level, what the fee adjustment is and when it is impossible.
Risk and limits
Entry size as a percent of deposit: how much goes into one tradeThe 'Entry size, % of deposit' setting in the Snapback bot: what share of your deposit is set aside as margin per trade and how position size follows.
Stop loss percent: how far above entry the stop sitsThe stop-loss setting in the Snapback bot: 10, 15, 20, 25 or 30% price move against a short, how the stop is placed and how it caps leverage.
Leverage on Binance futures: what it is and how it affects a bot tradeThe Leverage setting in the Snapback bot: how leverage multiplies position size, how the stop-loss caps it and why more leverage raises liquidation risk.
Max simultaneous positions: how many trades the bot holds at onceThe 'Max simultaneous positions' setting in the Snapback bot: how many trades one bot can hold at once, what counts as open and what happens at the limit.
Max total margin: how much of the deposit can be in use at onceThe 'Max total margin' setting in the Snapback bot: what share of your deposit can be tied up in all open trades at once and how the check works.
Safety
Daily loss limit: when the bot stops for the dayThe 'Daily loss limit, %' setting in the Snapback bot: how the day's loss is counted (UTC), what the bot does at the limit and how to reset it.
Coin cooldown: how many minutes the bot avoids a coin after a tradeThe 'Pause per coin, min' setting in the Snapback bot: how many minutes the bot stays away from a coin after its last closed trade. Limits and logic.