The DCA and GRID KCS Trading Bots follow different trading strategies. This way, the GRID bot follows a GRID strategy and profits from a series of orders as the KuCoin Token’s price fluctuates. The DCA bot, on the other hand, follows the DCA strategy and aims at accumulating the KCS while simultaneously averaging the entry price.

As far as Bitsgap’s bots are concerned, they follow reliable industry-established strategies that are backed up by math and statistics. None of the bots, however, can predict future market conditions and price movements. Even so, you can still back up your trading with future-proof hedging mechanisms like Take Profit and Stop Loss. Both will ensure you minimize your risks while securing profits.

Firstly, you need to come up with a trading strategy. Secondly, you need to perform both fundamental and technical analysis to ensure you know enough about the market and its current condition. Thirdly, you need to learn about the bots and settings that require configuration. Finally, exercise good judgment and care while setting up your bots and ensure you use hedging features (Stop Loss, Take Profit) to limit losses and secure gains.