The GRID bot is 3Commas’ newest bot, and it works by dividing a technical price chart into slices . Each slice, which covers a range of prices, is assigned a buy or sell signal. When the currency price crosses into a new slice, the bot will automatically buy or sell based on the signal assigned to that slice.
Read moreWhat is the difference between DCA bot and grid bot?
The difference between the two trading bots is as follows: DCA bot places one take-profit for all orders. Grid bot places take-profits for every order separately . DCA bot reduces the risk of purchasing high by investing at consistent intervals.
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