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The auto grid trading bot by GoodCrypto is designed to capitalize on sideways market movements by placing a series of buy and sell orders within a set price range. When an order is filled, the bot immediately places an opposite order one grid level away, capturing profits from each price fluctuation. This cycle continues automatically until the bot hits your profit goal or you choose to stop it.
The bot offers three operating modes: Short, Long, and Neutral. In Short mode, the bot places multiple sell orders while using a buy limit order as the take profit. Long mode works the opposite way, placing buy orders and using a sell order to secure profits. Neutral mode blends both strategies by placing buy orders below and sell orders above the current price, making it ideal for trading in a range-bound market.