Coinbase Advanced doesn’t offer any bot solutions but allows them to connect to the exchange. By connecting Coinbase Advanced to Bitsgap, you can use GRID, BTD, and DCA trading bots to trade on the exchange. For example, if you want to profit from any particular coin’s sideways drift, you may use Bitsgap’s GRID bot. Conversely, you may use the DCA bot if you want to reduce the impact of market volatility and invest a set sum incrementally over time. In the case of downtrends, leverage BTD to buy the dips.

To track your bot’s live performance, go to the Bots list below the main chart and click on any bot you’d like to analyze. In the window to your right, you’ll see your bot’s performance in terms of generated profit and other metrics. Also, there is an overview of your current funds, trading time, completed transactions, and other benchmarks that help you adjust your trading strategy.

The Bitsgap GRID bot employs the grid trading strategy: It sets up pending buy and sell limit orders at predefined price intervals within a selected range, forming a grid-like pattern. As market prices vary, the bot capitalizes on these fluctuations by selling at higher intervals and buying at lower ones, thereby leveraging market volatility for profit. Setting up the GRID bot is straightforward; it requires only basic inputs such as the price range and the amount you wish to invest. The bot then takes over, running continuously to exploit market movements within the defined grid zones. This provides a hands-off approach to automated range trading, continually generating profits from the natural ups and downs of the market.