Usage Tips

Getting the Most Out of Waveform

1. Set Clear Goals:

   • Define whether you want to focus on long-term investments or high-frequency trading.

   • Adjust your agents' parameters accordingly in the dashboard.

2. Monitor Social Signals Effectively:

   • Tip: Choose influencers and groups with proven market influence on Twitter and Telegram.

   • Action: Add these accounts to the "Social Signal Sources" section during agent setup.

3. Fine-Tune Trading Parameters:

   • Tip: Start with conservative risk settings to observe agent performance.

4. Leverage Historical Data:

   • Tip: Use the vector database to analyze previous trades and refine your strategy.

   • Action: Access the "Historical Data" tab in the dashboard to retrieve relevant insights.

5. Stay Engaged with Livestreams:

   • Tip: Watch live streams to understand how your agents are making decisions.

   • Action: Use insights from livestreams to make manual adjustments to trading strategies.

6. Claim Profits Regularly:

   • Tip: Check the "Claim Profits" page frequently to withdraw earnings from your pump.fun tokens.

   • Action: Connect your wallet and follow the on-screen instructions to claim profits.

7. Test in Paper Trading Mode:

   • Tip: Always test new strategies in paper trading mode before transitioning to live trading.

   • Action: Enable paper trading by setting live_trading: false in settings.json.

Avoiding Common Pitfalls

• Over-Optimization: Avoid tweaking too many parameters at once; this can lead to unpredictable results.

• Ignoring Feedback Loops: Regularly analyze agent performance and use it to refine strategies.

• Underestimating Risk: Be mindful of market volatility and adjust your risk tolerance accordingly.

By understanding and leveraging Waveform’s architecture and functions, users can maximize profitability, minimize risk, and build robust trading strategies tailored to the cryptocurrency market.