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What side should I choose?

Each bot has 2 sides to choose from; buy or sell. Both of them have different use cases which are explained below.

Buy (buy low > sell high)

This side is mostly used on a sideways, ranging or bullish market.

If your bot is trading on the BTC/USD market, the starting capital has to be in USD because you start with buying BTC low and sell high to profit on a upwards market.

HODL2.0

If you choose the buy side, the bot will compare the current price against the 24 high and initiate a buy order when the price is x% (Perc Open) below it. Afterwards it will create a sell order x% (Perc Close) above the open price.

Sell (sell high > buy low)

This side is mostly used on a sideways, ranging or bearish market.

If your bot is trading on the BTC/USD market, the starting capital has to be in BTC because you start with selling BTC high and buy low to profit on a downwards market.

HODL2.0

If you choose the sell side, the bot will compare the current price against the 24 low and initiate a sell order when the price is x% (Perc Open) above it. Afterwards it will create a buy order x% (Perc Close) under the open price.

Updated on October 2, 2021

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