What is LOOP Bot?

The LOOP Bot is an automated trading tool designed for grid-based strategies on the spot market. By placing buy and sell orders within a predefined range around a fixed Entry Price, the LOOP Bot enables traders to profit from market fluctuations without needing constant monitoring.

When Should You Use the LOOP Bot?

• Range-Bound Markets: Ideal when prices oscillate within a predictable range.
• Volatile Markets: Adjusts dynamically, profiting from both upward and downward price movements.
• Diversified Strategies: Works with both base and quote currencies, giving flexibility to exit positions in either currency.
• Automated Reinvestment: Reinvests profits automatically into the grid for efficient trading.

Key Features:

• Fixed Entry Price: Central point for all grid calculations.
• Dynamic Grid Adjustments: Automatically fills gaps created by executed orders.
• Trailing Up: Moves the Entry Price upward in trending markets.
• Take Profit Options: Exit in base or quote currency, or based on price conditions.
• Spot Market Focus: Exclusively for spot trading.

What's Next?

• How to Set Up a LOOP Bot?: Step-by-step guide to configuring and launching your LOOP Bot.
• Monitoring and Managing Your Bot: Learn how to track and manage your LOOP Bot effectively.

Need Assistance?

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