How to Create a Long COMBO Bot?

If you expect the price to increase, then creating a Long futures bot will be the right option. The main idea of the bot is to create multiple sell orders as your take profits and extra DCA (dollar-cost-averaging) buy orders to adjust the entry price.

Follow these steps to create your first Long bot:

To set up a new Long COMBO Bot, click [Start new bot] located in the top menu of the Bots page.

You will see a pop-up window displaying all available bots. Switch to the Futures section and select [COMBO Bot].

On the right side of your screen, you will find a menu to configure your first COMBO Bot. Here you can choose the exchange, trading pair, and investment amount, as well as set advanced settings to customize your strategy.

You can learn more about advanced settings in our article - Customize Advanced Bitsgap Combo Bot Settings.

Start by selecting the exchange and trading pair. Click on the “Exchange” field to choose an exchange, then “Pair” to select your preferred trading pair (contract).

Pick the [Long] strategy to create a Long futures bot.

Enter the initial margin you would like to operate with or use the slider to specify the percentage based on your balance. This represents your investment, excluding the leverage that will be allocated for trades from your available balance.

If you want to speed up the bot setup process, check out the Quick Setup field. It offers preset configuration templates - sets of predefined bot parameters based on the presumptive time you plan to run your bot for:

• Short-term - the best for bots that will work for up to 3 days.
• Mid-term - more suitable for bots operating for up to 7 days.
• Long-term - a great solution for bots that you want to trade with for 25 days +.

Don't hesitate to learn more about the Quick setup options in our article - .

Set the leverage and margin mode according to your preferences. Maximum leverage is 10x.

The Available for bot use window displays the amount of USDT available for starting the bot.

Once everything is set up and you are ready to proceed, click the [Continue] button.

You can evaluate the bot’s performance based on historical market data for a selected period by conducting a Backtest. This feature helps you understand and optimize your bot settings for the chosen trading pair.

To initiate backtest, click the [Backtest] button. In the pop-up window, you will see the calculated bot results (Bot profit) with the current settings for the past 30 days (default period), as shown in the example below.

This is the final step before launching the bot. Take a moment to review all the selected settings.

Preview settings

If any changes need to be made, click the back arrow. Otherwise, click the [Start Bot] button to launch the bot.

You can track your bot results in the detailed "Performance" window. This will help you better understand your bot's performance, as well as get more detailed information about each transaction. You can find it on the right-hand side after clicking on a necessary bot:

Here, you can see overall and daily Bot profit, position and total PNL, trading time, and the number of completed transactions. It also shows the position size, current margin, and liquidation price.

You can find more information about your completed and open bot trades in the "Bot orders" tab. To access the tab, click [Bot actions] and select the [View details] option.

If you want to check the status of your bot open trades, head to "Open orders" in the "Bot orders" tab:

In the "Open orders" tab, you can find more info about the number of open orders, their time, side, type, amount, price, and status.

Whenever you want to adjust settings, select the bot you need and press [Bot actions] on the right-hand side.

Once all the necessary changes have been made, press [Confirm] to proceed.

To close a COMBO Bot, select the one you need, click on the three dots and choose the [Stop Bot] option.

In the pop-up window, you will see the list of options for closing your bot.

After you choose the closing option, press the [Confirm] button. It will initiate the process of shutting your bot down.

To restart a closed bot, go to the [History] tab. Then select the bot that you prefer and click [Bot actions]>[Restart].

Adjust the settings if needed, and proceed to the bot's overview tab. Double-check the chosen parameters and launch the bot by pressing [Start Bot].