Grid Trading Bot is a trading bot that assists you in carrying out the Grid Trading Strategy. It enables you to place a series of purchase and sell orders within a given price range . When a sell order is fully executed, the bot instantly places another purchase order at a lower grid level, and vice versa.
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.
Read moreHow does 3Commas bot work?
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 moreHow does a DCA bot work?
Strategy With long strategy the bot will buy coins with quote currency (second currency of the pair) and sell them later at the higher price . Short means the crypto bots will sell the base currency (first currency of the pair) you have and buy it later at the lower price.
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