The Multiorder Accumulator Bot buys and sells specific coins for you by placing several orders simultaneously, ultimately saving you time and money. Before activating the bot, you will need to decide how much of an asset you want to buy, and what your minimum and maximum order amounts will be. To understand how exactly the bot works, let's look at an example.
First, give your bot a name to distinguish it. Let's say you want to buy $50 worth of BTC using multiple orders ranging from $25 to $40. Select your exchange account and pair to trade. You will see the current market price, from which you can determine the BTC values of these amounts, for example, ₿0.0015, ₿0.0007, and ₿0.001.
The bot will use the current price as its initial starting point, or you can optionally set a price limit, or use the "Trades to calc." parameter to tell the bot to average the last # of trades on the order book to determine the starting price.
You want to spread the price point out among three different simultaneous orders such that the first price has a 0.2% gap from the the starting price, and then the next orders will have a 0.3% gap from each previous one. For buy orders, this gap will decrease the price, and for sell orders it will increase the price with each successive order.
Your configuration will look like this:
Click Save Bot. Ensure you have enough funds in your account to make the trades.
When you're ready, click Start Bot.
While the bot is running it will place your 3 orders with randomly selected amounts within your parameters, for instance:
1. ₿0.0007 @ $32,416 (Initial price minus .2%)
2. ₿0.00075 @ $32,319 (Order #1 price minus .3%)
3. ₿0.001 @ $32,222 (Order #2 price minus .3%)
It will continue to place these orders until the maximum amount of ₿0.0015 is acquired.
You can monitor your bot's status from the Dashboard. If at any time you want to adjust the bot's configuration, stop the bot first, then click the Edit button.