Bots: Grid, DCA and Smart Order

DCA bot

DCA bot places the first buy order followed by extra buy orders if the price goes into the opposite direction of the strategy chosen. The price of take profit and the volume are recalculated with every new buy order. The crypto trading bot takes the average buying price, adds TP percentage to it, and places the Sell order for all parameters.

Grid trading bot

The Grid bot places the first buy order and buys more coins with extra orders if the price goes down, just like DCA. The main difference is that the Grid trading bot places Sell orders for each order instead of one for all purchases in DCA.
If you want to know more about DCA strategy and Grid strategy, please check our full article here.

• Bot places First Order (buy order) as a limit order.
• After the first order is executed bot places Take profit order and Extra order based on the First order price execution.
• If the First Extra order takes place and is executed, the bot takes Take profit order of the first order off the exchange (yet saves all of its parameters to set it again when the time comes), places TP order (sell order) for the executed extra order and places second extra order two steps (specified Step of Extra Order) below First Order Price. When the second Extra Order is executed, the same cycle is repeated. No more than 1 buy and 1 sell orders are on the exchange simultaneously.
• The bot does not have deals as you are used to with current bots you use, it runs non-stop. If you stop the bot, all active orders on exchange will be cancelled, the bot position (the number of extra orders executed, the amount of coins bought) is saved. When you turn it on again, all the previously canceled orders will be placed again.

For more information, please visit the full article page.

• Trading bot places First Order (buy order) as a limit order.
• After the first order is executed bot places Take profit order and Extra order based on the First order price execution.
• If the First Extra order takes place and is executed, the crypto bot takes the Take profit order of the first order off the exchange and places a new TP order (sell order for long strategy, buy order for short strategy) with the recalculated price for both orders. It also places second extra order two steps (specified Step of Extra Order) below First Order Price. When the second Extra Order is executed, the same cycle is repeated. No more than 1 buy and 1 sell orders are on the cryptocurrency exchange simultaneously.

For more information, please visit the full article page.

Smart Order is designed to sell a specified amount of cryptocurrency at current price level splitted within a period of time. You need to choose a pair you’d like to trade and specify the amount. TradeSanta crypto trading bot will take care of technical aspects, placing orders and keeping them on top of the exchange's order book.
In case you need to know how to set up a Smart Order, please check our guide here.