Strategies

A strategy is your set of rules for which tokens to buy, how and when to enter and exit trades. Spica helps you define those rules, test them on past events, and automate the execution so you can stay focused on thinking, not clicking.

Note: Because filters are evaluated at event time, they can delay the buy slightly. For example, if you filter on top-holders concentration, Spica must finish that analysis before confirming eligibility and submitting an order.

Strategy page overview

On the strategy page you can see at a glance: Average net return, Average holding time, and Win rate (share of closed trades with a positive net return). These KPIs update as your strategy runs and creates trades.

Strategy settings

  • Bet size — The buy amount for each trade.
  • Jito tip — Tip to improve transaction inclusion speed on Solana.
  • Slippage — Maximum acceptable price movement during the swap; protects against unfavorable fills.

Risk management

  • Stop loss — Full exit level to cap downside.
  • Take profit — Full exit level to secure gains.
  • Partial exit % — Portion of the position to close when a partial target triggers.
  • Partial stop loss — Percentage drop from buy price to trigger partial exit.
  • Partial take profit — Percentage increase from buy price to trigger partial exit.

Note that only one partial exit will be triggered per trade (stop or limit). After this, the full stop loss and take profit rules will be applied to the remaining holdings.

Filters

Filters let you decide which signals the strategy is allowed to trade by constraining each metric value at event time (e.g., concentration, migration timing, caller name for Telegram calls, etc.). See Signals for the full description of each metric and how they’re computed.

Daily returns

The Daily returns section shows your strategy’s day-by-day performance over the last 30 days or 7 days.

Each day’s return is the weighted average of net returns for that day’s orders, weighted by bet size:

Daily Return=∑i(bet_sizei⋅net_returni)∑ibet_sizei\text{Daily Return} = \frac{\sum_i (\text{bet\_size}_i \cdot \text{net\_return}_i)}{\sum_i \text{bet\_size}_i}

Net return is computed per order after deducting gas fees, Jito tip, transaction fees, and any gas paid on failed transactions. This yields an all-in result that reflects actual trading outcomes.

Recent trades

The Recent trades section lists all trades the strategy made over 30 days, 7 days, or 24 hours.

For each trade you’ll see:

  • Net PnL — Calculated with the same deductions as net return (gas, Jito tip, tx fees, and failed-tx gas).
  • Holding time — From initial entry to final exit. If the strategy takes partial exits, holding time runs until the last close for that position.