Extend your grid with the Trailing Down

The Trailing Down feature enables your bot to expand its grid below the initial price range, allowing it to follow a down-trending market and continue trading even as prices drop. 

In this guide, you’ll find:

• How Trailing Down Works
• Super Sell Orders
• How to Enable Trailing Down
  • For a New Bot
  • For an Active Bot
• Important Notes
• Risk Warning

How Trailing Down Works

1. Extending the Grid:
   • The price falls below the lower grid limit → the bot executes market buy order using the quote currency to acquire more base currency at market price.
   • A new sell order is placed below the previous grid level (and becomes the new lower price level of the bot), creating an extended grid.

 

• Repeats the process as the price drops, extending the grid until the Stop Trailing Down price is reached or there are insufficient funds to place new buy orders.

2. Stop Trailing Down Price:
   • This is the threshold where the bot stops creating new orders.
   • You can set this for both new and existing bots.

Note: The bot requires enough funds in the quote currency to execute buy orders. Existing base currency on your account is ignored.

Super Sell Orders

If an exchange's order limit is reached (e.g., 100 orders for most exchanges or 180 for Binance/KuCoin), the bot combines smaller sell orders into one large Super Sell Order based on a weighted average price.

Note:

• Super Sell Orders are larger in volume and may appear far from the original grid.
• There may be several Super Sell Orders.
• You can identify them in the open orders tab of your bot.

How to Enable Trailing Down

Note: You can enable Trailing Down only for GRID bots with the quote currency as an order size currency. To maintain the trailing down feature without interruptions, it is essential to have an available quote currency on your account balance.

For a New Bot:

1. Go to the Manual Adjustment section during bot setup.
2. Toggle Trailing Down ON.
3. Enter the Stop Trailing Down price - the price to which the bot will expand the grid (can also be adjusted on the chart).
4. Disable or enable Pump Protection (enabled by default).

For an Active Bot:

1. Select the bot you wish to modify.
2. Click [Bot Actions] → [Modify Bot].
3. Enable the Trailing Down toggle.
4. Set the Stop Trailing Down price.
5. Disable or enable Pump Protection.
6. Confirm the changes.

Important Notes

1. Pump Protection:
   • Temporarily disables Trailing Down during high market volatility.
   • Automatically resumes once the market stabilizes.
2. Risk Considerations:
   • Trailing Down increases your bot’s investment by using additional funds from your balance.
   • The feature does not generate profit in a declining market—profit comes from upward price rebounds and execution of new sell orders.
3. Investment Expansion:
   • The bot’s exposure to price fluctuations grows with each grid extension.

Risk Warning

Trading cryptocurrencies involves high risk and may not suit all traders. Trailing Down increases exposure to the market, and profits depend on upward price movements after new sell orders are created. Ensure you fully understand the risks before enabling this feature.

Need Assistance?
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.