Stategies - svanas/nefertiti Wiki

Built-In Strategies

How does the bot determine where to set orders?

First of all, the ticker price needs to drop at least 5% over a 24-hour period for the bot to kick into action.
The bot will then look at the public order book, aggregate all the orders in the book so that what literally might be thousands of orders now aggregates to roughly 10-20 orders. The bot then selects the top 2 orders out of those.
At those 2 support levels, the bot will open limit buy orders for you for the amount you specify.

Summary: you yourself don’t specify the price. The bot will calculate those for you. You only tell the bot the quantity you want to buy, or the amount you're willing to spend on an order.

Every hour, the bot will cancel your limit buy orders and then repeat the above process.