BTD Bot | Bitsgap 🔍 Step-by-step guide to BTD bot setup, advanced settings, and performance tracking for smarter crypto trading strategies 📈

BTD Bot


<p>The <strong>Buy The Dip (BTD) Bot</strong> is designed to capitalize on downtrends by accumulating more of the base currency when prices drop. It allows traders to lower their average purchase cost and benefit from market rebounds.</p>
<hr>
<h3 id="h_01JHZ4BWJ32P55HTCMTJX7YY1X"><strong>When to Use the BTD Bot:</strong></h3>
<ul>
<li>To <strong>increase base currency holdings</strong> during price declines.</li>
<li>To <strong>leverage strong downtrends</strong> with repeated bounces.</li>
<li>To <strong>lower the average cost</strong> of a coin by buying at lower prices.</li>
</ul>
<hr>
<h3 id="h_01JQNCPYSWWT7MRF3DTKVC1GTX"><strong>Key Features:</strong></h3>
<ul>
<li>Profit is calculated in base currency.</li>
<li>Dynamic balance changes occur as the bot executes buy and sell orders.</li>
</ul>
<hr>
<h4 id="h_01JHZ4BWJ3GZ6GK7K95NMS2E43"><strong>What's Next?</strong></h4>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18010377069596">Setting Up and Launching Your BTD Bot</a></strong>: Learn how to configure and activate your bot.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18010393140380">Analyzing Your Bot’s Performance</a></strong>: Discover how to track and optimize your bot’s results.</li>
</ul>
<hr>
<h4 id="h_01JHZ4CWY41CEN91R22EXF6M9W"><strong>Need Assistance?</strong></h4>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>

What is BTD Bot?


<p>Follow these steps to set up and activate your BTD bot:</p>
<h3 id="h_01JHZ4KKWJNCV0B6XQJ7AXJMNE"><strong>Step 1: Select a Bot Type</strong></h3>
<ol>
<li>Go to the <strong>Bots</strong> page and click <strong>[Start New Bot]</strong>.</li>
<li>Select <strong>BTD Bot</strong> from the available options.</li>
</ol>
<h3 id="h_01JHZ4KKWJ934E9KRZ0RJDK6KK"><strong>Step 2: Choose Exchange and Trading Pair</strong></h3>
<ul>
<li>Select your <strong>exchange</strong> and a trading pair with high liquidity.</li>
</ul>
<h3 id="h_01JHZ4KKWJTX98KKTJP9MFE68Z"><strong>Step 3: Specify Investment Amount</strong></h3>
<ul>
<li>Choose between <strong>base currency</strong> or <strong>quote currency</strong> for your investment.</li>
<li>Use the slider to set a percentage of your balance.</li>
</ul>
<h3 id="h_01JHZ4KKWJH4PEZ1XEN8APM7D2"><strong>Step 4: Quick Setup</strong></h3>
<p>Select a preset configuration:</p>
<ul>
<li style="list-style-type: none;">
<ul>
<li>
<strong>Short-term</strong>: Up to 3 days.</li>
<li>
<strong>Mid-term</strong>: Up to 7 days.</li>
<li>
<strong>Long-term</strong>: 25+ days.</li>
</ul>
</li>
</ul>
<h3 id="h_01JHZ4KKWJK8H7XS3PRGMWTGM5"><strong>Step 5: Backtest and Launch</strong></h3>
<ol>
<li>Use <strong>Backtest</strong> to evaluate performance based on historical data. The feature is available for 30 days for Basic and Advanced plans, and for 365 days for Pro plan users.</li>
<li>Review all settings (exchange, pair, investment, profit currency, etc.).</li>
<li>Click <strong>[Start Bot]</strong> to activate.</li>
</ol>
<p class="wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18056199812124"></p>
<hr>
<h4 id="h_01JHZ4KKWJTZZCT7N6EZ79M0QH"><strong>What's Next?</strong></h4>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18010369766812">What is BTD Bot?</a></strong>: Understand the concept and use cases of the BTD Bot.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18010393140380">Analyzing Your Bot’s Performance</a></strong>: Learn how to evaluate and refine your bot’s results.</li>
</ul>
<hr>
<h4 id="h_01JHZ4MMP67K8RDDA6NYMN7BX0"><strong>Need Assistance?</strong></h4>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>

Setting Up and Launching Your BTD Bot


<p>Track your BTD bot’s results using the <strong>Performance Window</strong> and <strong>Bot Orders</strong> tab.</p>
<hr>
<h3 id="h_01JHZ4Q129GQRS64DSNCAVG61Z"><strong>Key Metrics in the Performance Window:</strong></h3>
<ul>
<li>
<strong>Daily and Overall Profit</strong>: View accumulated gains.</li>
<li>
<strong>Unrealized PNL</strong>: Monitor open positions.</li>
<li>
<strong>Trading Activity</strong>: Check the number of completed transactions.</li>
<li>
<strong>Currency Ratios</strong>: Review the balance of base and quote currencies.</li>
</ul>
<hr>
<h3 id="h_01JY3AJAZ6QBVD3B9NZPFWDRVM"><strong>Bot Orders:</strong></h3>
<ul>
<li>
<strong>History Tab</strong>: See details of completed trades, including price, amount, and profit per trade.</li>
<li>
<strong>Open Orders Tab</strong>: Monitor active trades and remaining balances.</li>
</ul>
<p><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18056232196636"></p>
<hr>
<h3 id="h_01JHZ4Q12AATFDQ2F32DE6DV4S">What's Next?</h3>
<ul>
<li>
<strong><a href="https://bitsgap.com/helpdesk/article/18010377069596-Setting-Up-and-Launching-Your-BTD-Bot">Setting Up and Launching Your BTD Bot</a></strong>: Revisit steps to optimize your bot’s configuration.</li>
<li>
<strong><a href="https://bitsgap.com/helpdesk/article/18010458338332-Managing-Your-BTD-Bot">Modifying, Closing, or Restarting Your Bot</a></strong>: Learn how to manage and adjust active bots.</li>
</ul>
<hr>
<h3 id="h_01JHZ4QGPDQSJPTXZZQADASF9E">Need Assistance?</h3>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>

Analyzing Your BTD Bot’s Performance


<h3 id="h_01JHZ4W5425S1S4BE1P8VSC758"><strong>Modify Active Bots:</strong></h3>
<ol>
<li>Select your bot and click <strong>[Bot Actions] &gt; [Modify Bot]</strong>.</li>
<li>Adjust settings like <strong>Trailing</strong>, <strong>Take Profit</strong>, or <strong>Stop Loss</strong>.</li>
<li>Save changes and confirm.</li>
</ol>
<hr>
<h3 id="h_01JHZ4W5422A9MCVKPED0S52MQ"><strong>Close Bots:</strong></h3>
<ol>
<li>Select the bot and click <strong>[Stop Bot]</strong>.</li>
<li>Choose from these options:
<ul>
<li>
<strong>Convert to Base Currency</strong>: Sells quote currency to increase base currency holdings.</li>
<li>
<strong>Convert to Quote Currency</strong>: Sells base currency at market or limit price.</li>
<li>
<strong>Keep Currencies</strong>: Retains current balances and closes orders.</li>
</ul>
</li>
</ol>
<hr>
<h3 id="h_01JY3B81243MK8BYN4XR3KZWK8"><strong>Restart Closed Bots:</strong></h3>
<ol>
<li>Go to the <strong>History Tab</strong>.</li>
<li>Select the bot and click <strong>[Bot Actions] &gt; [Restart]</strong>.</li>
<li>Adjust settings as needed and click <strong>[Start Bot]</strong>.</li>
</ol>
<p class="wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18056234628380"></p>
<hr>
<h4 id="h_01JHZ4W542P1GDDK4GJXD7XPXP"><strong>What's Next?</strong></h4>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18010393140380">Analyzing Your Bot’s Performance</a></strong>: Ensure optimal performance by reviewing key metrics.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/10039213247900">Advanced BTD Bot Settings</a></strong>: Unlock the full potential of your BTD bot with advanced configuration options.</li>
</ul>
<hr>
<h4 id="h_01JHZ4WVS507V96GRV71VXW9WV"><strong>Need Assistance?</strong></h4>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.</p>

Managing Your BTD Bot


<p>The Bitsgap Buy-The-Dip (BTD) bot provides versatile customization options, enabling you to tailor your trading strategy to market conditions. This guide walks you through the manual adjustment settings, including configuring price levels, grid parameters, and managing risks.</p>
<hr>
<p id="h_01JHZ58D3XEXDHT34CYFNAVAV7"><strong>Overview</strong></p>
<ol>
<li><a href="#h_01JHZ58ZG63KA9MM52YJW9N6Z7">Setting High and Low Prices</a></li>
<li><a href="#h_01JHZ58D3Y80ZX122623NMW5SZ">Adjusting Grid Step and Grid Levels</a></li>
<li><a href="#h_01JHZ58D3YHJA5QW03ABJJZMYQ">Following a Trend with Trailing Down</a></li>
<li><a href="#h_01JHZ58D3YX5CNRA9N33W062MX">Managing Risks with Trailing Stop Loss</a></li>
<li><a href="#h_01JHZ58D3YHNPVK0GF0QCBNZYW">Locking in Returns with Take Profit</a></li>
</ol>
<hr>
<p><strong>Watch Our Quick Video Guide: Maximizing Profits with Bitsgap's BTD Bot: <a href="https://www.youtube.com/watch?v=a3A3MTkOKJY">Setup and Guide | Crypto Trading Series [Part 3]</a></strong></p>
<p class="wysiwyg-text-align-center"><strong><iframe src="//www.youtube-nocookie.com/embed/a3A3MTkOKJY" width="560" height="315" frameborder="0" allowfullscreen=""></iframe></strong></p>
<hr>
<h3 id="h_01JHZ58ZG63KA9MM52YJW9N6Z7"><strong>Setting High and Low Prices</strong></h3>
<p>To customize your bot's advanced settings, click on the [Manual adjustment] button.</p>
<p class="wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18010536878236" width="229" height="433"></p>
<p>When you start your BTD bot, the system automatically assigns upper and lower trading range limits. These define the initial placement of sell orders (above the current price) and buy orders (below the current price).</p>
<p>To personalize this range, you can:</p>
<ul>
<li>Enter specific values in the <strong>"Low Price"</strong> and <strong>"High Price"</strong> fields.</li>
<li>Adjust these levels directly on the chart.</li>
</ul>
<p class="wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18010536878748" width="624" height="276"></p>
<p><strong>Note:</strong> Modifying the price range impacts the <strong>grid step percentage</strong> while keeping the <strong>grid levels</strong> fixed. If you adjust either parameter, the last edited setting becomes fixed, with the other adapting accordingly.</p>
<hr>
<h3 id="h_01JHZ58D3Y80ZX122623NMW5SZ"><strong>Adjusting Grid Step and Grid Levels</strong></h3>
<p>These interconnected parameters determine your bot's trading strategy:</p>
<ul>
<li>
<strong>Grid Levels</strong>: The number of open orders placed by the bot.</li>
<li>
<strong>Grid Step</strong>: The percentage price gap between consecutive orders.</li>
</ul>
<p class="wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18010508255772" width="350" height="663"></p>
<p>Examples of configurations:</p>
<ul>
<li>
<strong>Wider Grid</strong>: Increase the grid step for fewer levels, yielding higher profits per trade but longer trade durations. Use in highly volatile markets.</li>
<li>
<strong>Narrow Grid</strong>: Decrease the grid step for more levels, providing quicker trades but reduced profits per transaction. Use in flat markets.</li>
</ul>
<hr>
<h3 id="h_01JHZ58D3YHJA5QW03ABJJZMYQ"><strong>Following a Trend with Trailing Down</strong></h3>
<p>The Trailing Down feature helps your bot adapt when prices drop below the grid range. It cancels upper sell orders and places new buy orders at the grid's bottom without requiring additional funds or manual adjustments.</p>
<p><strong>Key Points:</strong></p>
<ul>
<li>Trailing Down is activated automatically but can be disabled if desired.</li>
<li>This feature ensures the bot keeps trading effectively during downward trends.</li>
</ul>
<p class="wysiwyg-indent1 wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18010508256028" width="339" height="429"></p>
<hr>
<h3 id="h_01JHZ58D3YX5CNRA9N33W062MX"><strong>Managing Risks with Trailing Stop Loss</strong></h3>
<p>A Stop Loss (SL) limits potential losses when the price moves unfavorably.</p>
<ul>
<li>By default, the SL is set at 3% above the top sell order but can be changed if needed.</li>
<li>With the <strong>Trailing SL</strong> feature, the SL level will also shift with the price range when the grid is moved by the Trailing Down feature.</li>
</ul>
<p class="wysiwyg-indent1 wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18010536879900" width="334" height="408"></p>
<p>When SL triggered, the bot halts trading and uses quote funds from the bot's buy orders to repurchase the base currency. The bot is then moved to the <strong>"Bot History"</strong> tab.</p>
<hr>
<h3 id="h_01JHZ58D3YHNPVK0GF0QCBNZYW"><strong>Locking in Returns with Take Profit</strong></h3>
<p>The Take Profit (TP) feature allows you to exit the market automatically when a specified profit condition is met.</p>
<p><strong>Available TP Modes:</strong></p>
<ol>
<li>
<strong>Base or Quote Currency</strong>: The bot closes when the Total PNL reaches the target percentage in either currency.</li>
<li>
<strong>Base Currency Only</strong>: The bot sells its quote currency to lock in profits based on the base currency's Total PNL.</li>
<li>
<strong>Quote Currency Only</strong>: The bot sells accumulated base currency to secure returns in the quote currency.</li>
</ol>
<p class="wysiwyg-indent1 wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18010536880540" width="350" height="420"></p>
<p>Choose the mode that aligns with your trading goals to effectively manage your exit strategy.</p>
<hr>
<h4 id="h_01JY3GH9PA4QZ33SKHE2148W54"><strong>What's Next?</strong></h4>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18010393140380">Analyzing Your Bot’s Performance</a></strong>: Ensure optimal performance by reviewing key metrics.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18010612753436">DCA Spot Bot Guide</a></strong>: Explore another strategy to maximize returns in fluctuating markets.</li>
</ul>
<hr>
<h4 id="h_01JHZ5ADYHZPK29Q7KHJ1APKR5"><strong>Need Assistance?</strong></h4>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>