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/Trading Bots/QFL Bot/Setting Up and Launching Your QFL Bot

Setting Up and Launching Your QFL Bot

The QFL (Quickfingers Luc) Bot is a long-only automated trading strategy on the Spot market, designed to enter positions during price drops (panic sell-offs) and sell on rebounds for profit.
It works similarly to the DCA Bot, but unlike single-pair bots, the QFL Bot can trade multiple pairs simultaneously, opening separate positions based on QFL signals.

Step-by-Step Configuration:

1. Log In to Bitsgap:

Access your account on the Bitsgap login page.

2. Navigate to the Trading Bots Section:

  • Navigate to the Bots Page.
  • Click [Start new bot] in the top right corner and select QFL Bot.

3. Set Basic Parameters:

  • Choose the exchange where the bot will operate (e.g., Binance, KuCoin, OKX).
  • Enter the total investment amount and select the quote currency — only two options are available: USDT or USDC.

Note: This investment amount will be divided among all concurrently opened positions.  If you invest 1,000 USDT and select 3 concurrent pairs, each position will receive ~333 USDT.

  • Select one of three predefined strategies:
    • Quick – short-term, reacts to most QFL signals (short, medium, and long-term).
    • Balanced – medium-term, focuses on medium and long-term signals only.
    • Deep – long-term, reacts only to long-term QFL signals with higher reliability.

Note: Each strategy has its own internal configuration for base and averaging orders.
These parameters are optimized automatically and cannot be changed manually.

  • Select how many pairs the bot can trade at the same time.
    The bot will automatically open a position for each pair when a QFL signal appears. For example, if you select 5 concurrent pairs, the bot can open up to 5 positions simultaneously on different pairs — one per signal received.

4. Risk Management (Optional Setting):

  • Take Profit (TP): Define the percentage at which the bot will stop once it reaches the specified profit. The TP percentage is calculated from the total bot investment (Total PNL).

Example: If TP = 30%, the bot will automatically stop and close all positions when the total profit reaches +30% of the invested amount.

  • Stop Loss (SL): Works similarly to TP, but in the opposite direction — the bot will stop and close all positions once the Total PNL reaches the set loss percentage.

5. Activate the Bot:

  • Click Continue.
  • Review your settings carefully.
  • Click [Start Bot] to activate your QFL Bot

What's Next?

  • What is QFL 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.