Advanced BTD Bot Settings

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.

Watch Our Quick Video Guide: Maximizing Profits with Bitsgap's BTD Bot: Setup and Guide | Crypto Trading Series [Part 3]

Setting High and Low Prices

To customize your bot's advanced settings, click on the [Manual adjustment] button.

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).

To personalize this range, you can:

Enter specific values in the "Low Price" and "High Price" fields.
Adjust these levels directly on the chart.

Note: Modifying the price range impacts the grid step percentage while keeping the grid levels fixed. If you adjust either parameter, the last edited setting becomes fixed, with the other adapting accordingly.

Adjusting Grid Step and Grid Levels

These interconnected parameters determine your bot's trading strategy:

Grid Levels: The number of open orders placed by the bot.
Grid Step: The percentage price gap between consecutive orders.

Examples of configurations:

Wider Grid: Increase the grid step for fewer levels, yielding higher profits per trade but longer trade durations. Use in highly volatile markets.
Narrow Grid: Decrease the grid step for more levels, providing quicker trades but reduced profits per transaction. Use in flat markets.

Following a Trend with Trailing Down

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.

Key Points:

Trailing Down is activated automatically but can be disabled if desired.
This feature ensures the bot keeps trading effectively during downward trends.

Managing Risks with Trailing Stop Loss

A Stop Loss (SL) limits potential losses when the price moves unfavorably.

By default, the SL is set at 3% above the top sell order but can be changed if needed.
With the Trailing SL feature, the SL level will also shift with the price range when the grid is moved by the Trailing Down feature.

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 "Bot History" tab.

Locking in Returns with Take Profit

The Take Profit (TP) feature allows you to exit the market automatically when a specified profit condition is met.

Available TP Modes:

Base or Quote Currency: The bot closes when the Total PNL reaches the target percentage in either currency.
Base Currency Only: The bot sells its quote currency to lock in profits based on the base currency's Total PNL.
Quote Currency Only: The bot sells accumulated base currency to secure returns in the quote currency.

Choose the mode that aligns with your trading goals to effectively manage your exit strategy.

What's Next?

Analyzing Your Bot’s Performance: Ensure optimal performance by reviewing key metrics.
DCA Spot Bot Guide: Explore another strategy to maximize returns in fluctuating markets.

Need Assistance?

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