Tradesanta

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. Each time the price of cryptocurrency goes in the opposite direction than the strategy chosen, one extra order is executed and a new extra order is automatically placed. The take profit level is also reduced each time this happens. Extra orders serve to take advantage of the changing price and adapt the trading strategy according to the current market conditions.