How the Bybot Trading Bot Works
Bybot is an automated trading bot for spot trading on MEXC and BYBIT exchanges. Its strategy is based on averaging: the bot buys lower, sells higher, and when the price drops — it buys more and lowers the average entry price.
Core Logic: Buy Low, Sell High
The bot does not buy “on a schedule” — it trades based on price.
How the cycle works:
- The bot opens an initial purchase on the selected pair (e.g. BTC/USDT)
- If the price rises — the bot sells the position at a profit. Cycle complete.
- If the price drops by the configured percentage — the bot buys more at a lower price, reducing the average position cost
- Once the average price + target profit is reached — the bot sells everything and starts a new cycle
Example:
| Action | BTC Price | Volume | Average Price |
|---|---|---|---|
| First purchase | $60,000 | $100 | $60,000 |
| Price dropped → buy more | $55,000 | $150 | ~$57,000 |
| Price dropped → buy more | $51,000 | $200 | ~$54,500 |
| Price recovered → sell | $56,000 | all | profit |
The bot sold at $56,000, even though the first purchase was at $60,000 — thanks to averaging down.
Multipliers
With each subsequent averaging, the bot can buy a larger volume — this is configured through the multiplier. Can be enabled or disabled.
- Multiplier off — each additional buy is the same size
- Multiplier on — each subsequent buy is larger than the previous one (e.g. ×1.5 or ×2), which lowers the average price faster
The multiplier speeds up recovery from a drawdown, but requires sufficient deposit. Make sure there are enough funds in your account for all averaging levels.
What’s the Difference from Classic DCA?
Classic DCA is buying an asset for the same amount at equal time intervals (e.g. every day). It is an accumulation strategy, not a trading one.
Bybot works differently — it reacts to price, not time:
| Classic DCA | Bybot | |
|---|---|---|
| Buy trigger | Time (every day/week) | Price drop by X% |
| Goal | Accumulate asset long-term | Profit from each cycle |
| Selling | Manually, whenever you want | Automatically when target is reached |
| Multiplier | No | Configurable |
When the Strategy Works Best
Sideways Market (Range) and Moderate Corrections
The bot works well when the market moves up and down within a range: it buys on pullbacks and sells on recovery.
Asset with Recovery Potential
The strategy assumes that the price will eventually return to the entry point or higher. Works best on liquid pairs (BTC, ETH, major altcoins).
Bybot trades spot only — no leverage and no liquidation risk. The maximum possible loss equals the value of the purchased asset, nothing more.
How to Get Started?
- Register on Bybot
- Connect MEXC or BYBIT via API keys (trading permissions only — no withdrawal)
- Create a bot: choose a pair, configure the averaging step and multiplier
- Launch — the bot will start trading automatically 24/7