Setting Up and Launching Your LOOP Bot
Setting up a LOOP Bot is easy and straightforward.
Watch Our Quick Video Guide: How to Set Up Bitsgap LOOP Bot: Automated Crypto Trading for Long-Term Wealth
Step-by-Step Configuration:
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Log In to Bitsgap:
- Access your account on the Bitsgap login page.
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Navigate to the Trading Bots Section:
- Click [Start new bot] in the top right corner and select LOOP Bot.
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Set Parameters:
- Exchange: Choose your exchange (e.g., OKX).
- Trading Pair: Pick your preferred trading pair (e.g., BTC/USDT).
- Investment Amount: Allocate total funds for the bot.
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Choose Quick Setup or Manual Adjustments:
- Quick Setup: Choose between Short-term, Mid-term, or Long-term configurations.
- Manual Adjustments: Set Order Distance (percentage differences between grid levels) and Number of Orders (between 10 to 40 grid levels). The minimum and maximum prices will be adjusted automatically.
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Risk Management:
- Take Profit: Set a Take Profit (Total % PnL or Price Target) to automatically close the bot once the target is reached.
NoteStop Loss is not available for Loop bot.
- Activate the Bot:
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- Review settings and click [Start Bot] to activate.
What's Next?
- What is LOOP Bot and When to Use It?: Understand the bot's features and ideal market conditions.
- Monitoring and Managing Your Bot: Learn how to track and manage your bot’s performance.
Need Assistance?
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.