LOOP Bot

The LOOP Bot is an automated trading tool designed for grid-based strategies on the spot market. By placing buy and sell orders within a predefined range around a fixed Entry Price, the LOOP Bot enables traders to profit from market fluctuations without needing constant monitoring.
<h4 id="h_01JJ1XPMDZZK0G33N6GNSV36XH">When Should You Use the LOOP Bot?</h4>
<ul>
<li>
Range-Bound Markets: Ideal when prices oscillate within a predictable range.</li>
<li>
Volatile Markets: Adjusts dynamically, profiting from both upward and downward price movements.</li>
<li>
Diversified Strategies: Works with both base and quote currencies, giving flexibility to exit positions in either currency.</li>
<li>
Automated Reinvestment: Reinvests profits automatically into the grid for efficient trading.</li>
</ul>
<h4 id="h_01JJ1XPMDZ998YQPVZ90GXJW72">Key Features:</h4>
<ul>
<li>
Fixed Entry Price: Central point for all grid calculations.</li>
<li>
Dynamic Grid Adjustments: Automatically fills gaps created by executed orders.</li>
<li>
Trailing Up: Moves the Entry Price upward in trending markets.</li>
<li>
Take Profit Options: Exit in base or quote currency, or based on price conditions.</li>
<li>
Spot Market Focus: Exclusively for spot trading.</li>
</ul>
<hr>
<h3 id="h_01JJ1XPMDZ3AH56JHQNYJJD4FH">What's Next?</h3>
<ul>
<li>
<a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18028512920220">How to Set Up a LOOP Bot?</a>: Step-by-step guide to configuring and launching your LOOP Bot.</li>
<li>
<a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18028919682588">Monitoring and Managing Your Bot</a>: Learn how to track and manage your LOOP Bot effectively.</li>
</ul>
<hr>
<h3 id="h_01JJ1XQMY8N5AHD1M2ZM5W2KFV">Need Assistance?</h3>
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com">Customer Support</a> Team.

What is LOOP Bot?

Setting up a LOOP Bot is easy and straightforward. Follow these steps:
<h4 id="h_01JJ1XWFA32YRQXQ08DW8M66JA">Step-by-Step Configuration:</h4>
<ol>
<li>
Log In to Bitsgap:
<ul>
<li>Access your account on the Bitsgap login page.</li>
</ul>
</li>
<li>
Navigate to the Trading Bots Section:
<ul>
<li>Click [Start new bot] in the top right corner and select LOOP Bot.</li>
</ul>
</li>
<li>
Set Parameters:
<ul>
<li>
Exchange: Choose your exchange (e.g., OKX).</li>
<li>
Trading Pair: Pick your preferred trading pair (e.g., BTC/USDT).</li>
<li>
Investment Amount: Allocate total funds for the bot.</li>
<li>
Quick Setup: Choose between Short-term, Mid-term, or Long-term configurations.</li>
<li>
Price Range: Define the high and low price levels for your grid.</li>
<li>
Grid Steps: Set percentage differences between grid levels.</li>
<li>
Number of Levels: Specify 10 to 40 grid levels.</li>
</ul>
</li>
<li>
Risk Management:
<ul>
<li>
Trailing Up: Enable or disable based on market trends.</li>
<li>
Take Profit: Choose your preferred take profit option.</li>
</ul>
</li>
<li>
Backtest:
<ul>
<li>Simulate your bot’s performance with historical data for optimization.</li>
</ul>
</li>
<li>
Activate the Bot:
<ul>
<li>Review settings and click [Start Bot] to activate.</li>
</ul>
</li>
</ol>
<img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18056391788444">
<hr>
<h3 id="h_01JJ1XWFA4HNPYVTRC6YPXDFG6">What's Next?</h3>
<ul>
<li>
<a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18028490686108">What is LOOP Bot and When to Use It?</a>: Understand the bot's features and ideal market conditions.</li>
<li>
<a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18028919682588">Monitoring and Managing Your Bot</a>: Learn how to track and manage your bot’s performance.</li>
</ul>
<hr>
<h3 id="h_01JJ1XX4HAM2KC985T63RRMWXF">Need Assistance?</h3>
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com">Customer Support</a> Team.

Setting Up and Launching Your LOOP Bot

Managing and modifying your LOOP Bot is essential for adapting to changing market conditions.
<h4 id="h_01JJ1YBJRX37EBZYSXJ3APXSGJ">Modify Your Bot:</h4>
<ul>
<li>Access the Bot Actions menu to adjust settings like Trailing Up and Take Profit.</li>
<li>Save changes by clicking [Confirm].</li>
</ul>
<h4 id="h_01JJ1YBJRX3CFVZS3GRH7JE7VW">Stopping Your Bot:</h4>
<ul>
<li>Click [Stop Bot] and choose:
<ul>
<li>
Convert to Base Currency: Sell quote currency at market price to buy back base currency.</li>
<li>
Convert to Quote Currency: Sell base currency at market price to acquire quote currency.</li>
<li>
Keep Base and Quote Currency: Close all orders and transfer the balances back to your account.</li>
</ul>
</li>
</ul>
<h4 id="h_01JJ1YBJRX74VDM4MW83Y7JN4G">Restarting Your Bot:</h4>
<ul>
<li>Navigate to the History Tab, select your bot, and click [Bot Actions &gt; Restart] to reinitialize with updated settings.</li>
</ul>
<img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18056394199964">
<hr>
<h3 id="h_01JJ1YBJRX861SJ2TTWRDKFBTG">What's Next?</h3>
<ul>
<li>
<a href="#" rel="noopener">Monitoring and Managing Your Bot</a>: Review the metrics and manage orders efficiently.</li>
<li>
<a href="#" rel="noopener">Combo Bot Guide</a>: Explore how to use Combo Bots for more advanced trading strategies.</li>
</ul>
<hr>
<h3 id="h_01JJ1YQW8404ZVSHV2RBHGPCT1">Need Assistance?</h3>
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com">Customer Support</a> Team.

Managing and Modifying Your LOOP Bot

Tracking the performance of your LOOP Bot is crucial for optimizing its results. Here's how to monitor its success:
<h4 id="h_01JJ1Y6NMZ80CNQM8RE9TQBPA3">Key Metrics in the Performance Window:</h4>
<ul>
<li>
Daily and Overall Profits: View accumulated gains and losses.</li>
<li>
Position PNL and Total PNL: Track open and closed position performance.</li>
<li>
Trading Time and Transactions: Monitor the trading duration and number of trades completed.</li>
<li>
Position Size and Liquidation Price: Keep track of the risk exposure.</li>
</ul>
<h4 id="h_01JJ1Y6NMZ193YSPEKV3GSRMQX">Manage Bot Orders:</h4>
<ul>
<li>
Completed Orders: View the details of executed trades, including time, price, and profit.</li>
<li>
Open Orders: Monitor active trades, including their status and balances.</li>
</ul>
<img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18056446322460">
<hr>
<h3 id="h_01JJ1Y2PH9GEB20YCWVAPAXAJV">What's Next?</h3>
<ul>
<li>
<a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18028512920220">How to Set Up a LOOP Bot?</a>: Refine your bot setup for optimal performance.</li>
<li>
<a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18028919682588">Managing and Modifying Your LOOP Bot</a>: Learn how to modify and control your bot.</li>
</ul>
<hr>
<h3 id="h_01JJ1Y3C63T5TW7ZTMK31B46NK">Need Assistance?</h3>
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com">Customer Support</a> Team.

LOOP Bot

What is LOOP Bot?

Setting Up and Launching Your LOOP Bot

Managing and Modifying Your LOOP Bot

Analyzing Your LOOP Bot’s Performance