Understanding the Reinvest Profit Feature
Maximizing your returns is easier with the Reinvest Profit feature, a tool that allows you to enhance your DCA Bot's performance by reinvesting accumulated profits. By enabling this feature, you can grow your investment over time and increase the volume of trades, leading to higher potential profits from each Take Profit order.
Overview
- What is the Reinvest Profit Feature?
- How to Enable the Reinvest Profit Feature
- Reinvesting Profit and Bot Stats
What is the Reinvest Profit Feature?
The Reinvest Profit feature allows you to add the profits generated from previous bot cycles to the initial investment in each new cycle. This means that, in addition to the initial capital, the profits earned from earlier cycles are reinvested, gradually increasing the bot’s position size.
Key Benefits:
- Increased Investment: Profits from previous cycles are added to the bot’s investment, increasing the volume of trades.
- Higher Profits: By reinvesting profits, your bot can potentially generate higher returns from each Take Profit order.
Important Note: The Reinvest Profit feature is available for both spot and futures DCA Bots, but in Live mode, it is only available for the Advanced, Pro, and Trial Pro plans.
How to Enable the Reinvest Profit Feature
For a New Bot:
- Open the Manual Adjustment section.
- Navigate to the Risk Management area.
- Toggle the Reinvest Profit option to activate it.
For an Active Bot:
- Go to the list of active bots.
- Click on [Bot Actions] → [Modify Bot].
- In the Risk Management section, switch on the Reinvest Profit toggle.
- Save the changes.
Once the feature is activated, the bot will start using both the initial investment and the accumulated profit for the subsequent cycles.
Reinvesting Profit and Bot Stats
For both spot and futures DCA Bots, the following sections are affected by reinvesting profits:
- Asset Allocation Section: Displays the total amount of funds used for the bot, including the reinvested profit.
- Realized Profit: The reinvested profits will be deducted from the total realized bot profits, ensuring clarity in tracking.
Differences for DCA Futures Bots:
- Current Value: Shows the current margin of the bot position.
- Asset Allocation: Reflects the total of the current margin, funds in open orders, and bot profit, including reinvested amounts.
This distinction is important when analyzing your bot's performance, especially in futures trading.
What's Next?
- Increase DCA Bot Position with Manual Averaging: Explore advanced usage by manually adjusting positions to optimize your DCA bot's strategy.
- Increase Your Trading Strategy Options with Active Orders Limit on DCA Bots: Discover how to expand your trading potential by configuring active order limits.
Need Assistance?
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.