Unlocking the full Potential of your BTD Bot: A Walkthrough of Manual Adjustments

The Bitsgap Buy-The-Dip (BTD) bot offers a range of customization options to help you personalize your trading strategy. In this article, we will look at the manual adjustment settings, including how to set up high and low prices, adjust grid step and grid levels, and manage risks with a trailing stop loss and take profit.

For quick navigation, please use the following table of content:

Setting High and Low Prices

Adjusting Grid Step and Grid Levels

Following a Trend with Trailing Down

Managing Risks with Trailing Stop Loss

Locking in Returns with Take Profit

When setting up a new BTD bot, the "Manual adjustment" section allows you to customize your bot's settings. To access these settings, click on the [Manual adjustment] button.

When you start a bot, the system sets the lower and upper limits of the trading range automatically. Orders above the current price will be your initial sell orders, and orders below the current price will be your buy orders.

However, you can manually adjust the range according to your trading strategy by entering values in the "Low Price" and "High Price" fields or moving the chart's levels.

The "Grid levels" parameter reflects the number of open orders your bot will create, while the "Grid step" represents the price distance between those grid levels. These two fields are interconnected, meaning a change in one parameter will affect the other. Here are a few examples:

It's essential to find a balance between speed and profit when adjusting these settings based on the current market volatility.

The Trailing feature can be helpful when the price moves out of your initial grid range. In this case, the Trailing feature automatically cancels the top sell orders of your BTD bot and places new ones at the bottom of the grid, allowing your bot to follow a trend without adding further investments or changing bot settings. This feature is activated automatically, but you can deactivate it anytime.

A Stop Loss (SL) can limit losses if the trend changes and the price moves in the opposite direction.

The system sets the SL level at 3% above the upper sell order by default, but you can choose a specific price where the stop loss should be triggered. 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.

Once the SL condition is met, the bot stops trading and buys back the base currency using the quote funds from the bot's buy orders. The bot is then transferred to the "Bot History" tab.

The Take Profit (TP) feature allows you to close your trading bot when the price reaches a specific profit condition.

Take Profit is set at a certain percentage based on the Total PNL metric from the bot's overview. This allows you to lock in a certain amount of return from the bot automatically.

Currently, there are several Take Profit options for your BTD Bot:

• Base currency or Quote currency: This TP mode will close your bot depending on which target is reached first - the Total PNL % in your base or quote currency. The bot will close in the currency in which the specified profit percentage is reached first.
• Base currency: Your BTD Bot will get canceled when the specified Total PNL percentage in your base currency is reached. The bot will lock in its profit by converting its quote currency to the base currency.
• Quote currency: In this case, the bot will close its position at the chosen Total PNL value in your quote currency. All the accumulated base currency will be sold, taking the profit in your quote currency.