Track statuses and results of active bots fast

When checking the bots' results, it is important to receive as much information as possible from a single page. This way, you don't need to go deep into details if you need to make a quick decision. Understanding what each metric represents is essential to track your bots' performance fast.

The part we will be looking into is the tabs of your active and closed bots. Please, follow along with the article, and you will learn how to use this data to your advantage.

The "Current Value" of your bots help to understand where most of the funds are currently allocated. This data consists of the current value of your funds (base currency + quote currency in open orders).

The result can be shown either in the selected system currency of your account (aka Default currency) or your bots' profit currency. This will allow you to sort your bots based on their value, so you can quickly see where most of your funds are currently allocated.

The Bot profit column shows accumulated earnings per bot that are already added to the available balance. The Bot profit comes from the execution of buy and sell orders.

The Bot profit percentage (%) is calculated based on your initial investment allocated to the bot. This way, you can sort and analyze your bots by their real performance rather than volumes.

Another way to measure your bot's performance and understand the average daily results is to take the bot's trading time and compare it with the Bot profit.

This will provide you with more information about the average daily results reached by your active bot. They can also be compared with other bots, but the bots that have been launched recently will have better results because the trading time is shorter. The best practice will be to compare bots that have the same trading time or close.

The Total PNL data shows how the value of the funds used to create a bot has changed over time. Two main factors will have a direct impact on the outcome of the active bot:

While the bot profit will be generated from the continuous buy and sell orders, the effect of the price change comes from the market itself. The Total PNL provides information on how your Investment would change if you decided to close the bot right now and sell or buy back the base currency at the market price.

Info
Bitsgap trading bots are able to provide a guaranteed order execution based on the selected parameters, which allows generating profit from the trading activity. However, the market volatility and price changes may have a major influence on the final results as we apply the current rate for the base currency used in open orders and include it in the Total PNL value.

The Transactions/Time column shows how long your bot has been running and how many trades it has managed to execute during this time.

The trading frequency might be vital to success, so it is always a good idea to track the number of completed transactions and see which bot has become the most efficient in a shorter timeframe.

The trading frequency will dictate how often a profit is generated and how many trading fees are paid:

1. Increasing your frequency (increasing the number of grids) will generate profit faster but using a lower volume. In the long run, the exchange fees may accumulate a significant cost. High-frequency trading is an amazing tool to increase your trading volumes (to reach a particular VIP status on the exchange). This approach might be an option if you are into the scalping strategy.
2. Decreasing your frequency (decreasing the number of grids) will slow down the pace at which profit is generated but increase the volume per order, which in some cases can provide better results (high-volatile markets); the exchange fee will be significantly lower in comparison to the high-frequency trading.

The Status column indicates the current state of the bot and extra options that were activated. If something needs your attention, then the status will be changed from Active to something else.

Here is the list of possible bot statuses and how to resolve them in order to continue trading.

Extra options allow you to secure your earnings or prevent losses such as Trailing Up, Trailing Down, Stop-Loss, and Take Profit. If used, they will be added to the Status column as separate tags for each of your bots.

[SL] - Stop Loss enabled

[T] - Trailing Stop Loss enabled

[TP] - Take Profit enabled

[TTP] - Trailing Take Profit enabled

[TU] - Trailing Up enabled

[TD] - Trailing Down enabled

The top header displays the summary of the active bots against the combined initial investment. This data helps to understand the overall performance of all bots in regard to the generated profit and the value of traded funds.

Here is the list of all global reports that can be used to see how the activity of trading bots is influencing your trading account:

Sum. bot profit - The summary of all the profit generated by all active bots. This profit is already added to your available balance.

Sum. current value - The summary of the Current value column, in other words, how much funds are used by all bots at this time.