Introduction to Bitsgap AI Assistant

Stay on top of the latest crypto trends and boost your trading experience with artificial intelligence! We are happy to introduce Bitsgap AI Assistant - an innovative tool that will change your approach to cryptocurrency trading.

The AI Assistant analyzes your cryptocurrency assets and, based on the results, selects individual recommendations for launching bots. For those who are getting started with our platform or taking their first steps in cryptocurrency trading, our AI Assistant is an excellent starting point.

Note
The AI Assistant is available in the Live mode, suggesting trading strategies only with GRID Bots. The feature is currently unavailable for Binance US, Bitfinex, Coinbase Advanced Trade, Gemini, HitBTC, Kraken and Poloniex.

What Bitsgap AI Assistant can do for you?

Our AI Assistant is a user-friendly solution that can help you start a portfolio of GRID Bots in a few clicks. The Bitsgap unique algorithm analyzes your available balance and generates a list of personalized strategy recommendations. The algorithm includes filters and settings that have been developed and tested by us over the last 7 years.

Strategies for your future GRID Bots are selected only among USDT pairs. Based on the AI Assistant recommendations, you can run a portfolio that consists of bots on different trading pairs - such a diversified approach can mitigate risks and boost potential earnings in different market conditions.

How to use AI Assistant?

In this part, you will learn how to utilize our AI Assistant and launch your first AI portfolio. Please follow our step-by-step instructions below.

1. Select AI Assistant

To launch the API Assistant, click the [Start new bot] button located in the top menu of the Bots page.

In a pop-up window, select [AI assistant].

1.1. Learn more about AI Assistant

To start the AI Assistant, you can also click on the AI Assistant sign next to the [Start new bot button].

In a pop-up window, familiarize yourself with the AI Assistant features. The Pro plan users can click on the [Start] button to launch the AI Assistant immediately.

The Basic and Advanced plan users can launch bots with the AI Assistant, but with a limited number of active bots according to their plan and without the Take Profit option. To fully utilize the potential of our AI Assistant, you can click on the [Upgrade to PRO] button in the “Meet AI Assistant” window and upgrade your plan to Pro.

2. Customize your strategy

On the right side of the screen, you will find a menu to configure your AI-generated GRID Bot portfolio. Here, you can choose the exchange, investment amount, as well as investment term.

Start by selecting an exchange where you will run your bots. The chosen exchange will be highlighted in blue.

Enter the total investment value you would like to operate with or use the buttons below to specify the percentage based on your available balance.

Choose your portfolio strategy based on the investment term that suits your goals best:

• Short-term (Aggressive) - run your bots for 1-5 days and generate the maximum profit in a short time;
• Mid-term (Moderate) - let your bots operate for 2-4 weeks and get the most out of market volatility;
• Long-term (Conservative) - launch bots that can work for 2 months and grow your portfolio gradually.

Here, you can also check the number of bots and trading pairs for each strategy. They are selected by the algorithm automatically and cannot be changed.

Attention
The suggested investment term is only a recommendation. The system will not automatically close your bots once the term is over. Bots launched with the AI Assistant will operate until you close them manually, or they meet the Take Profit target.

Evaluate the potential efficiency of your trading strategy with the Backtest chart. Backtest allows you to assess the possible performance of your future bots based on historical data of the suggested trading pairs.

The results are for reference only, but they can help you draw some conclusions about optimizing settings for performance, for example, the investment term or amount.

If you are ready to proceed, click on the [Continue] button.

3. Review and confirm the settings

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

Preview settings:

• Exchange;
• Investment;
• Number of started bots;
• Profit currency;
• Trading pairs of your GRID Bots;
• Take Profit for the Pro plan users - enter the Total PNL % value at which each GRID Bot will be closed automatically.

Click on the [Start bots] button to create your bot portfolio.

Managing AI bots

After launching, bots will appear in the “Active bots” tab and have an AI icon:

By default, bots started with our AI Assistant will have Trailing Up and Pump Protection enabled. You can deactivate the features and enable others anytime.

Read more about GRID Bot advanced settings in our article - Customize Advanced Bitsgap GRID Bot Settings.

Note
AI Assistant bots are not connected to each other and operate individually. Like other bots, you can modify and close them at any moment.

Advantages of using AI Assistant in your daily trading

Bitsgap AI Assistant is a perfect solution for traders who want to optimize their strategies and automate trading in the most efficient way possible. The algorithm suggests and optimizes strategies, taking into account your balance, the volatility of trading pairs, the historical market data, etc.

Its user-friendly interface and easy customization make it accessible to any user, even if you are new to crypto trading. The Take Profit feature for the Pro plan can help you manage your AI portfolio easily and automatically leave the market at a set profit level.

Disclaimer

The AI Assistant has been designed to help you navigate the crypto world and get started with bot trading smoothly and efficiently. However, the performance of your bots will always depend on the market conditions. Bitsgap trading bots can guarantee order execution based on the selected parameters. Yet, market volatility and price changes may have a major influence on the final results.

Thus, we recommend monitoring your trading automation and conducting an independent market analysis if necessary.