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MEXC Grid trading bot by GoodCrypto is built to profit from sideways price action by placing a grid of buy and sell orders within a defined range. As soon as one of the orders is filled, the bot automatically places the opposite order one grid level away, capturing gains from every price swing. The bot runs continuously until it reaches the preset profit target or is stopped manually.
The bot operates in three modes: Short, Long, and Neutral. In Short mode, the bot opens multiple sell orders and sets a buy limit order as the take profit level. Long mode does the reverse, placing buy orders and setting a sell order as a take profit to lock in gains. Neutral mode combines both approaches, placing buy limits below and sell limits above the current price to profit from sideways movement.