01.
The Gold Grid bot is designed for markets that move sideways, allowing traders to capture profits from repeated price movements between support and resistance levels. It automatically places a series of buy and sell orders at equal intervals within a chosen price range. Whenever one order is filled, the bot immediately sets an opposite order to lock in profit from the next price swing.
The bot operates in three modes: Short, Long, and Neutral. Short mode works best for a bearish market, initially opening a short position and placing buy orders below as take-profit levels and sell orders above as averaging orders. Long mode does the reverse, opening a long position at the start and using sell orders as multiple take profits. Neutral mode combines both approaches by placing sell orders above the current market price and buy orders below it.