What is QFL Bot?
The QFL (Quickfingers Luc) Bot is a long-only automated trading strategy for the Spot market, designed to enter positions during price drops (panic sell-offs) and sell on rebounds for profit.
It uses QFL signals, which analyze historical price movements to detect potential market reversals and open trades at optimal entry points.
The bot’s logic is similar to the DCA Bot, but unlike single-pair DCA bots, the QFL Bot can trade multiple pairs simultaneously, opening separate positions across several assets based on signals.
Key Features
The QFL Bot offers a fully automated, signal-based approach to spot trading with:
- Multi-pair simultaneous operation
- Intelligent entries during price dips
- Dynamic Take Profit calculation
- Built-in, strategy-specific parameters
- Manual controls for flexibility and risk management
It’s an ideal solution for traders who want to diversify their spot trading and benefit from automated QFL signals without constant manual monitoring.
Default Strategy Logic
Some settings in the QFL Bot are predefined and cannot be manually changed to ensure optimal performance.
These include:
- Conditions for when a position opens
- Take Profit calculation (based on the median bounce of previous QFL signals)
- Averaging order distribution and position limits
Bot Statuses
After you start the bot, it will move through the following statuses:
- Waiting – the bot is waiting for QFL signals.
The status is displayed in the Bot Performance section under Summary Asset Allocation and in the Status column of the Active Bots table.
During this time, all investment funds are shown as Funds in Asset Allocation.
The bot can stay in this state for varying periods, depending on the selected strategy and signal frequency:
- Quick: can react within hours or days.
- Balanced: may wait days to weeks.
- Deep: can remain waiting for longer periods, as it only reacts to strong long-term signals.
- Active – once at least one position is opened, the bot switches to Active status.
What's Next?
- How to Set Up a QFL Bot?: Refine your bot setup for optimal performance.
- Managing and Modifying Your QFL Bot: Learn how to modify and control your bot.
Need Assistance?
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.