allows trading different currency pairs using the Bollinger bands indicator.
For simplicity, we can say that this indicator forms a so-called trading corridor — a trading signal occurs when the price leaves the trading corridor — either rising above the upper line or punching the lower line. If the price chart fluctuates between the lines the indicator does not give trading signals. If you want to learn more about this trading tool — you can check it out in our knowledge base
In the bot settings, you also set Take Profit as a percentage of the cost of the initial order. And when this value is reached, the bot sells the asset, and you take the profit.
But what if the price goes the opposite of what you expected?
In this a case, the bot has safety warrants — in other words, it buys more currency.
At first glance, this may seem strange, but in fact, everything is correct — buying at a lower price, the bot also shifts Take Profit level down, and in the case of a price increase sells the assets, thereby minimizing losses. This approach is called "averaging", or DCA (dollar cost averaging). We have an article devoted to a detailed analysis of this strategy — take a look if interested
Basically, that is how it all works here. At the moment there is only a desktop version, but the release of the mobile application is set for February 2019 according to website roadmap. Pricing Cryptorg
has a 14 days trial version and 4 tariff plans: