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Frequently Asked Questions
Automated crypto trading platform
How does TradeSanta work?
Once your trading bot is set up and ready to buy and sell cryptocurrencies, it will open a deal either immediately or after a signal from technical indicators is received, depending on the filters set. For the first order crypto bot buys the amount of base currency indicated in the settings by the user. When the initial order is executed and the deal is open, the automated trading bot places the Take Profit order along with several Extra orders. Take profit order is the one that makes profit at the percentage level set by a user...Full article
Grid and DCA
The grid bot is a crypto trading bot designed to help traders execute the grid trading strategy. Unlike most trading strategies, the grid trading strategy works best in a ranging sideways market with no clear direction. It profits from the highs and lows of a market's price movement and is most effective when there is no discernible up or downtrend for an extended period...Full article
Extra orders is a tool for averaging, adding positions (orders) when trading against the trend. Thus, open positions are averaged, and the take profit price will be recalculated so it will be easier to reach. The level when another extra order is executed can be regulated by the “Step of extra oder” function.Full article
Long and Short Strategies
Long strategy means that the crypto bot will buy coins gaining profit by selling them later at a higher price. The profit you get is in the quote currency – the one you used to buy coins, second currency of the pair on your cryptocurrency exchange.Full article