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The instant trading bot is a program or tool that relies on predefined algorithms to execute buy and sell transactions of financial assets, such as cryptocurrencies, automatically at the current market price (the spot price). This bot works by connecting to the user's trading platform via an Application Programming Interface (API), allowing it to monitor prices and execute orders without the need for continuous manual intervention by the trader.

How does the instant trading bot work?

The mechanism of operation of the instant trading bot depends on the strategy it is programmed with. The trader sets a set of rules and criteria that the bot must follow when making trading decisions. These criteria can include:

A specific price range: The bot buys when the price reaches a certain level and sells when it reaches another level within a specified range. (This is the concept behind the popular Grid Trading bots).

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