Profit from every market movement
The Bitsgap Bot is a great ally in a fluctuating market - when the price moves the algorithm will automatically set Buy and Sell orders when there is a best opportunity to make a profit.
Connect your exchanges and simply let the system do the hard work. Check your bot performance in Demo mode or Backtest for free before making investment decisions.
How the Bot works?
Smart strategy design
Create your bot trading strategy with just a few clicks.
Test before investing
Backtest will demonstrate how your settings would respond to profit and loss.
Select from predefined strategies based on successful backtest results.
Assess your bot performance with the fast TradngView charts.
No downloads needed
With cloud-based online service the platform is always up-to-date.
Safe & secure
Your funds are kept on the exchange balance at all times.
Can I use the crypto trading bot in all market conditions?
Unfortunately no - if the price rapidly rises or falls, the use of a bot becomes ineffective, and in some instances unprofitable. The bot is most effective if used in a swing or neutral market.
How do I create a trading bot on Bitsgap? Are there any tutorials?
Yes. You can find step-by-step instructions in the How to create a new Trading Bot? article.
What happens if the price moves above or below the range of the bot?
Taking the BTC / USDT as an example, if the price breaks the upper border of your bot, then all BTC will be sold and you will be left with realized USDT.
If the price crosses the lower border, then all of the buy orders for BTC will be fully executed. The bot leaves sell orders in the designated range for the price to come back.
In both scenarios, the bot becomes idle and will resume its activity when the price returns to the accepted range.
What are the best trading pairs and price range for the bot?
There are no concrete indications for the best trading pairs, or 100% effective price ranges.
You want to choose a pair with strong trading volumes, and sufficient volatility for the price range where you want to run the grid. Bitcoin, Ethereum, Litecoin and Ripple are mostly used for launching a cryptocurrency trading bot.
The balance between the number of grids and price range is the key to successful bot formation. Use the backtesting service to estimate the potential returns.
How does the number of grids affect profit?
The number of grids in your price range will directly affect the % earnings for each grid. Determining the optimal amount depends on your trading style and budget.
If you prefer to complete frequent trades with small profit % and guarantee the probability of filling orders - then increase the number of grids.
In case your budget is limited or you want to receive more profit % per grid at the costs of lowering the chances of your orders get filled - then decrease the number of grids.
For the best results, we recommend adjusting your profit per grid between 0.5% and 2%.
How does the profit per grid is calculated?
The profit is generated from a price action within grids. The profit per grid is a % price distance between adjacent grids minus 2 times one-side transaction fee.
For instance, if the price distance between two adjacent grids is 0.5% and the exchange's one-side transaction fee is 0.1%. Because we fill one buy and one sell order we are losing 0.2% as exchange fee. As a result, the profit per grid is 0.3%.
What happens If I cancel the trading bot?
Once you have decided to remove the bot all related open orders will be canceled as well.