How do I use Dip Sniper in market entry?
What's Dip Sniper trading bot?
Finding the right price at the right time to enter the market can be time-consuming, and we often see prices climb before we get the chance to buy. This creates an unease feeling and may cause you to pay more than your target entry price. You can always place a limit order below the market price, but if the price moves against your target, you may not be able to buy anything at your target price. And this is where Dip Sniper comes to the rescue!
Dip Sniper ensures that a proportion of your order will be executed at the price you set on the order's expiry. You'll no longer have to regret missing out on a better price or not trading earlier.
Dip Sniper helps to alleviate volatile market conditions. For instance, if you place a buy order with Dip Sniper for 1 Bitcoin (BTC) at $21,500 when the price was $22,000, Dip Sniper would ensure that part of your order will be filled at your target price on the order's expiry even if the price goes the other way. Without Dip Sniper (if you'd placed a regular limit order), you wouldn't be able to buy anything.
How do I get started with Dip Sniper trading bot?
On the app
To access Dip Sniper, you can select Trade > Trading Bots and you'll get to the Bot Marketplace
Select Trading bots from the pop-up that appears once you select Trade
Scroll down until you see Arbitrage Bots and select Dip Sniper
Select Arbitrage bots from the Create a bot selection
A pop-menu under the Arbitrage bots title appears, select Dip Sniper
Select the recommended strategy card or select Expand to view more. Pick the option that suits your desired needs
Selection of the strategy card for you to choose from
Enter the amount you want to buy and select Buy BTC at dip and confirm the order
Confirm your order once you've set the details
On the web
To access Dip Sniper on your desktop browser, navigate to our Bot Marketplace. To do so, hover to trade at the top menu and select Marketplace
Then, select Dip Sniper from the Arbitrage Bots option
Select Arbitrage bots as the main section before selecting Dip Sniper
Enter the target price and amount you want to buy and select Buy BTC at dip and confirm the order
