What is DCA bot?

Strategy Explained The dollar cost averaging bot places the first buy order, and extra orders if the price goes into the opposite direction of the strategy chosen. For all the buy orders previously places only one take profit order is placed.

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What is Grid bot in Huobi?

The grid bot will set orders automatically at any time based on your settings . Risk Reminder: Grid trading is a tool to assist you with your trading and does not make any recommendations or guarantees with respect to any digital asset, product, or promotion on Huobi Global.

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How do you trade in grid?

Grid trading involves placing buy and sell orders at set intervals around a set price . The grid can be created to profit from trends or ranges. To profit from trends, place buy orders at intervals above the set price, and sell orders below the set price.

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Is 3Commas bot profitable?

How much profit can 3Commas automated crypto bots make? An average profit of around 15% per month is about 160% per year . Yes, it’s not 1000%, but it’s a VERY GOOD stable profit. If you are not a professional trader – crypto-bots are a great opportunity to create passive income.

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