We have Long and Short rading strategies at the moment.
- A long trade buys tokens that are expected to increase in value at a lower price so you can sell them later at a higher price.
You expect BTC to grow in price. Trading bot buys some BTC and puts take profit order according to your take profit % and includes the fee.
It waits until Bitcoin price reaches the calculated target and sells it back.
As a result you get more USDT coins.
Note: to start a long strategy bot you need to have quote coin on your balance. (USDT in this case)
- It’s vice versa to a long bot. A short trade sells coins that are expected to fall in value at a higher price with the intent of buying the same amount back, but at an even lower price — this leaves you with the same amount of coins plus the profit made.
You expect BTC to fall in price. Cryptocurrency bot buys some USDT and puts take profit order according to your take profit % and includes the fee.
It waits until BTC’s price falls to the calculated target and buys it back.
As a result you get the same amount of BTC back plus profit in USDT.
Note: to start a short strategy bot you need to have base coin on your balance. (BTC in this case).