How does Hybrid Bot work
BitZenius Team
Last Update a year ago
This bot uses a hybrid method of Dollar-Cost Averaging (DCA) + Grid method. When the bot finds a pair that you choose giving a signal based on trading indicator that you set, it starts buying. After the bot takes the initial step, it takes profit based on the percentage you set. If the price goes down, it starts averaging down. Typically, our templates set the DCA for 4 levels, and the rest will be GRID (you can customize this).
DCA means the bot averages down and takes profits based on the averaging position. The take-profit level is calculated as:
Grid means the bot only takes profit/sells on that particular position. For instance, your XXX/USDT bot is at step 7 (Grid). The price goes up and hits the take-profit level, so the bot only sells the amount that it bought on that step 7.