Managing and Modifying Your LOOP Bot

Managing and modifying your LOOP Bot is essential for adapting to changing market conditions.

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Modify Your Bot:

1. On the Bots Page Select the bot you'd like to modify > Click Bot Actions > Modify bot. Only settings like Trailing Up and Take Profit can be adjusted.

• Trailing Up feature adjusts your entry price upward to follow a trending market
• Take Profit option:

- Total % PnL: Take profit based on the total percentage of profit when the price hits a certain level in either the base or quote currency.

- Price Target: Set the TP to trigger when the price reaches a specific level.

2. Save changes by clicking [Confirm].

NoteStop Loss and Add Funds features are not available for Loop bot. Bot automatically reinvests profit.

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Stopping Your Bot:

Click [Stop Bot] and choose:

• • Convert to Base Currency: Sell quote currency at market price to buy back base currency.
  • Convert to Quote Currency: Sell base currency at market price to acquire quote currency.
  • Keep Base and Quote Currency: Close all orders and transfer the balances back to your account.

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Restarting Your Bot:

• Navigate to the History Tab, select your bot, and click [Bot Actions > Restart] to reinitialize with updated settings.

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What's Next?

• Monitoring and Analysing Your Bot: Review the metrics and manage orders efficiently.
• Combo Bot Guide: Explore how to use Combo Bots for more advanced trading strategies.

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Need Assistance?

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