GRID Bot

Getting Started with a Bitsgap GRID Trading Bot

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<p>The GRID strategy is one of the most used strategies in crypto and forex trading. It works with postponed limit buy and sell orders in predefined price intervals. The price range you choose will be divided into multiple levels, which creates a grid full of orders. This is why we call it the GRID strategy.</p>
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<p><a href="https://bitsgap.com/crypto-trading-bot/grid-bot" target="_blank" rel="nofollow noopener noreferrer">Our GRID bots</a> work according to this strategy; they keep generating profits from any market movement while you are away from your computer. All the grids are interchangeable; for every completed buy order, the bot will create a new sell order above the executed price, and vice versa. All your trades will be managed by the <a href="https://bitsgap.com/trading-terminal/" target="_blank" rel="nofollow noopener noreferrer">Bitsgap platform</a>.</p>
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<h2 id="h_b9341eb40e">How can I make profits with this strategy?</h2>
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<p>The counterintuitive thing about the GRID strategy is that the price of a coin has to go <strong>up and down</strong>, so it sells when it’s high and buys when it’s low. Instead of spending hours studying charts to profit from market moves, <a href="https://bitsgap.com/crypto-trading-bot/grid-bot" target="_blank" rel="nofollow noopener noreferrer">GRID bots</a> will buy low and sell high for you. They make consistent profits without the use of any complicated algorithms but simply work off of the grid parameters that you assign to them.</p>
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<h2 id="h_03608128ec">Risks of the Grid Strategy</h2>
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<p>There are always some risks involved when you let this strategy be automated, especially in <strong>unfavorable market conditions</strong>. A sudden price spike or drop may and will affect your results. To protect your investment, you can use either the <strong>Stop Loss</strong> or the <strong>Trailing feature</strong>.</p>
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<p>However, grid trading offers one of the easiest and time-tested trading approaches. In the <strong>long</strong> <strong>run</strong>, it can provide substantial results. It becomes less effective or even severe in strong trend reversals. And that's why it is important to understand when you want to create or stop your bot.</p>
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<p id="h_98d6d659c1"><strong>Get stuck? Ask your question to our community on <a href="https://t.me/bitsgap" target="_blank" rel="nofollow noopener noreferrer">Telegram</a>!</strong></p>
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The GRID Strategy

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<p>When setting up a new GRID Bot, the Manual adjustment section allows you to customize your bot’s settings and personalize your trading strategy. To adjust settings, click on <strong>[Manual adjustment].</strong></p>
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<h2 id="h_c73150aa61">Set up High and Low prices</h2>
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<p>By default, the system sets lower and upper limits of the trading range at a ratio of 50:50 relative to the current price. All the orders <strong>above</strong> the current price will be your initial sell orders, and the ones below are your <strong>buy orders</strong>. This ratio will change when the price starts fluctuating within your grid.</p>
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<p>Manually set the range according to your trading strategy. To do that, enter the values in the "<strong>Low Price</strong>" and "<strong>High Price</strong>" fields or move the levels on the chart.</p>
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<p class="notes"><strong>Note<br></strong>When changing the Low or High prices initially, only the grid step % will be adjusted by default. The number of grid levels will remain fixed. After editing the number of levels or the grid step, the last edited parameter stays fixed, and the second one is changed.</p>
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<h2 id="h_e39c03e3a6">Adjust grid step and grid levels</h2>
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<p>The "<strong>Grid levels"</strong> parameter reflects the number of open orders your bot will create, while the "<strong>Grid step"</strong> represents the price distance between those grid levels.</p>
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<p>Both fields are interconnected, i.e., a change in one parameter will lead to a change in the second (since the Grid step % directly determines the distance between bot orders):</p>
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<p><strong>Grid Step % increases → the number of grid levels reduces.<br></strong><em>A wider grid (1%&lt; grid step) will result in higher profit, but trades will take more time to fill.</em></p>
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<p><strong>Grid Step % decreases → the number of grid levels increases.<br></strong><em>A narrow grid (1% &gt; grid step) provides less profit per trade, but trades are filled more often.</em></p>
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<p>Balancing the speed and the value of the generated profit is the most important criterion for a successful bot. Depending on the market conditions, different settings will need to be used:</p>
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<li>If there is a lot of volatility in the market, a wider grid should be placed.</li>
<li>If the market is flat, then a grid in a narrow price channel will be great for gaining the most profit from the market.</li>
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<h2 id="h_0512557f04">Select fixed order size</h2>
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<p>By default, the GRID bot’s orders are fixed in size in the <strong>quote currency. </strong>This way, the total investment is distributed in equal volumes in quote currency between all grid levels.</p>
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<p>As the price falls, the value of the base currency decreases; therefore, more coins can be purchased. However, as the price increases, the base currency amount the bot will buy decreases because it is limited to the amount of the allocated quote currency.</p>
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<p class="notes"><strong>Tip<br></strong> This strategy can be effectively utilized if you expect the price to move within a <strong>sideways range.</strong></p>
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<p>There’s also an option to change the order size to the <strong>base currency</strong>. The bot will buy and sell a fixed amount of the base currency per each trade. This will require a much larger investment to create the grid; however, it will generate significantly more profit during the price rally.</p>
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<p class="notes"><strong>Tip<br></strong> The best time to use this strategy would be when you expect the market to have a <strong>strong uptrend.</strong></p>
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<h2 id="h_893749059e">Extend and move your grid with Trailing Up and Down</h2>
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<p>Trailing Up and Down features can help when the price moves out of your initial grid range. However, they operate differently. We have described each of these options in more detail below.</p>
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<li><strong>Trailing Up</strong></li>
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<p>This feature allows you to <strong>move the entire grid up</strong> if the price crosses the highest grid level and continues to increase. The Trailing Up will cancel buy orders at the bottom of the grid and place new orders above the upper level of the current grid. This way, your grid follows the price and moves all buy orders from the bottom to the top allowing your GRID bot to work almost indefinitely.</p>
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<p class="notes"><strong>Attention<br></strong> The bot may use quote currency from your available balance if you have set the order size fixed in the base currency. This is because, at a higher price, more quote currency is needed to fill the order for the same base currency volume.</p>
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<li><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/10013139811100" target="_blank" rel="noopener noreferrer"><strong>Trailing Down</strong></a></li>
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<p>The benefit of the Trailing Down feature is <strong>extending</strong> the bot's grid below the initial setup.</p>
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<p>To continue trading on the downtrend, the bot will place market <strong>buy orders</strong> using the quote currency from your available balance and <strong>place new sell orders</strong> below the lower price border - this way, the system will keep the initial sell orders in place and add more sell orders, extending the initial grid.</p>
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<p>It will continue placing new orders until the <strong>Stop Trailing Down Price</strong> is reached or if there is insufficient quote balance to place new orders.</p>
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<p class="notes"><strong>Attention<br></strong>The Trailing Down feature does not move the grid but <strong>extends it</strong>. It means that the bot will <strong>take more funds from the available balance outside the initially set investment</strong> and increase the amount of the base currency used by the bot. This can significantly increase the risks associated with a falling price.</p>
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<h3 id="h_5f7d1ae62a">Pump Protection</h3>
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<p>The Pump Protection feature prevents your bot from buying at the highest prices in case of a pump. This option is enabled by default whenever you activate the Trailing Down or Trailing Up options. You can always disable it during the initial settings or when you modify your existing bots.</p>
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<p>If the feature is enabled, the system will set the bot idle and change its status to <strong>“Pump”</strong> until the market is stabilized. When the <strong>“Pump”</strong> status is assigned to the bot, the Trailing Up will prevent the bot from moving your existing orders above the current grid, while the trailing down will not place new market buy orders. This way, your initial investment is not increased, and you are protected from the risks associated with the ongoing market volatility.</p>
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<p class="notes"><strong>Attention<br></strong> Deactivating the Pump protection increases risks, especially on highly volatile pairs.</p>
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<h2 id="h_f9c521a77a">Set a Take Profit and Stop Loss</h2>
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<p><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/10025133325084" target="_blank" rel="noopener noreferrer">Take Profit,</a> and <a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/10024938127132" target="_blank" rel="noopener noreferrer">Stop Loss</a> are features that allow you to close the trading bot and sell the base currency when the price reaches a specific condition.</p>
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<p>The Stop Loss (<strong>SL)</strong> can be used to <strong>limit the losses</strong> due to the price decrease, while Take Profit (TP) is the ultimate solution to achieve the profit target and lock in returns.</p>
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<p>The <strong>Stop Loss</strong> can be placed at a specific price level where upon reaching, the Stop Loss should be triggered. The Take Profit is set at a certain percentage which reflects how much of the return you want to lock from this particular bot.</p>
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<p>Once the <strong>SL</strong> or <strong>TP</strong> condition is met, the bot stops trading by selling all of the base currency used in open orders. After that, the bot is transferred to the "<strong>History"</strong> tab.</p>
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<p class="notes"><strong> Info<br></strong> If Trailing Up is enabled, then Stop Loss becomes <strong>dynamic.</strong> It will follow the Low price at a fixed interval whenever the grid is moved.</p>
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<p id="h_d20de9b4a5"><strong>Get stuck? Ask your question to our community on <a href="https://t.me/bitsgap" target="_blank" rel="nofollow noopener noreferrer">Telegram</a>!</strong></p>
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Customize Advanced Bitsgap GRID Bot Settings

Getting Started with a Bitsgap Buy The Dip (BTD) Trading Bot

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<p>The Bitsgap Buy-The-Dip (<strong>BTD</strong>) bot offers a range of customization options to help you personalize your trading strategy. In this article, we will look at the manual adjustment settings, including how to set up high and low prices, adjust grid step and grid levels, and manage risks with a trailing stop loss and take profit.</p>
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<p>For quick navigation, please use the following table of content:</p>
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<p><a href="#h_01H81ZRN3RCWY4296WT7YHRDVH">Setting High and Low Prices</a></p>
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<p><a href="#h_21ad092f1d">Adjusting Grid Step and Grid Levels</a></p>
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<p><a href="#h_6259402bab">Following a Trend with Trailing Down</a></p>
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<p><a href="#h_05436e6675">Managing Risks with Trailing Stop Loss</a></p>
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<p><a href="#h_9a398e5d77">Locking in Returns with Take Profit</a></p>
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<p>When setting up a new BTD bot, the "Manual adjustment" section allows you to customize your bot's settings. To access these settings, click on the <strong>[Manual adjustment]</strong> button.</p>
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<h2 id="h_01H81ZRN3RCWY4296WT7YHRDVH" class="intercom-interblocks-image intercom-interblocks-align-left">Setting High and Low Prices</h2>
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<p>When you start a bot, the system sets the lower and upper limits of the trading range automatically. Orders above the current price will be your initial <strong>sell orders</strong>, and orders below the current price will be your <strong>buy orders</strong>.</p>
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<p>However, you can manually adjust the range according to your trading strategy by entering values in the "<strong>Low Price</strong>" and "<strong>High Price</strong>" fields or moving the chart's levels.</p>
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<p class="notes"><strong>Note<br></strong>Changing the Low or High price will only affect the grid step percentage. The number of grid levels will remain fixed. After editing the number of levels or the grid step, the last edited parameter stays fixed, and the second one is changed.</p>
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<h2 id="h_21ad092f1d">Adjusting Grid Step and Grid Levels</h2>
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<p>The "<strong>Grid levels</strong>" parameter reflects the number of open orders your bot will create, while the "<strong>Grid step</strong>" represents the price distance between those grid levels. These two fields are interconnected, meaning a change in one parameter will affect the other. Here are a few examples:</p>
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<strong>Wider grid: </strong>Increasing the grid step percentage <em>(1%&lt; grid step)</em> will reduce the number of grid levels and result in <strong>higher profit</strong> but <strong>longer trade times</strong>.</li>
<li>
<strong>Narrow grid: </strong>Decreasing the grid step percentage <em>(1% &gt; grid step)</em> will increase the number of grid levels and provide <strong>less profit</strong> per trade but <strong>faster trade time</strong>.</li>
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<p>It's essential to find a balance between speed and profit when adjusting these settings based on the current market volatility.</p>
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<p class="notes"><strong>Tip<br></strong>We recommend using a wider grid setup in a highly volatile market and a narrow grid if the market is flat.</p>
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<h2 id="h_6259402bab">Following a Trend with Trailing Down</h2>
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<p>The <strong>Trailing feature</strong> can be helpful when the price moves out of your initial grid range. In this case, the Trailing feature automatically cancels the top sell orders of your BTD bot and places new ones at the bottom of the grid, allowing your bot to follow a trend <strong>without adding further investments or changing bot settings</strong>. This feature is activated automatically, but you can deactivate it anytime.</p>
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<h2 id="h_05436e6675">Managing Risks with Trailing Stop Loss</h2>
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<p>A Stop Loss (<strong>SL</strong>) can <strong>limit losses</strong> if the trend changes and the price moves in the opposite direction.</p>
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<p>The system sets the SL level at 3% above the upper sell order by default, but you can choose a specific price where the stop loss should be triggered. With the Trailing SL feature, the SL level will also shift with the price range when the grid is moved by the Trailing Down feature.</p>
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<p>Once the <strong>SL</strong> condition is met, the bot stops trading and buys back the base currency using the quote funds from the bot's buy orders. The bot is then transferred to the "<strong>Bot History</strong>" tab.</p>
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<h2 id="h_9a398e5d77">Locking in Returns with Take Profit</h2>
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<p>The Take Profit (<strong>TP</strong>) feature allows you to close your trading bot when the price reaches a specific profit condition.</p>
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<p>Take Profit is set at a certain percentage based on the Total PNL metric from the bot's overview. This allows you to lock in a certain amount of return from the bot automatically.</p>
<p>Currently, there are several Take Profit options for your BTD Bot:</p>
<ul>
<li>
<strong>Base currency or Quote currency</strong>: This TP mode will close your bot depending on which target is reached first - the Total PNL % in <strong>your base or quote currency</strong>. The bot will close in the currency in which the specified profit percentage is reached first.</li>
<li>
<strong>Base currency</strong>: Your BTD Bot will get canceled when the specified Total PNL percentage in your <strong>base currency</strong> is reached. The bot will lock in its profit by converting its quote currency to the base currency.</li>
<li>
<strong>Quote currency</strong>: In this case, the bot will close its position at the chosen Total PNL value in your <strong>quote currency</strong>. All the accumulated base currency will be sold, taking the profit in your quote currency.</li>
</ul>
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<p id="h_1f83de6276">Overall, the <strong>Manual Adjustment</strong> section in the BTD bot provides a range of options to customize your bot's settings and personalize your trading strategy. Remember to test different settings and find the best balance between speed and profit for your strategy.</p>
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<p id="h_1f83de6276"><strong>Get stuck? Ask your question to our community on <a href="https://t.me/bitsgap" target="_blank" rel="nofollow noopener noreferrer">Telegram</a>!</strong></p>
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Unlocking the full Potential of your BTD Bot: A Walkthrough of Manual Adjustments

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<p>In this article, we will show how to modify a trading range of an active GRID bot without restarting it or enabling the Trailing features. This way, you can adjust the bot settings according to your preferences and avoid interfering in its trading.</p>
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<p class="notes"><strong>Attention</strong><br>You can modify your trading range only in bots that use<strong> the quote currency</strong> in open orders.</p>
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<h2 id="h_ba5c185497">Modifying the Trading Range</h2>
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<p>If the price went out of your trading range or you want to change the number of grid levels, you do not need to restart your bot. All the changes can be made through the “Modify” option in the settings of the active bot directly from the interface.</p>
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<p>To adjust a bot’s trading range, follow these step-by-step instructions:</p>
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<p>1. Select your bot and click the <strong>[Bot Actions]</strong> button on the right-hand side or click on the <strong>three dots</strong>.</p>
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<p>2. Pick the [<strong>Modify Bot</strong>] option.<img src="https://bitsgap4907.zendesk.com/hc/article_attachments/14193041192092"></p>
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<p>3. In the "<strong>Manual Adjustment</strong>" section, go to the “<strong>Change high levels</strong>” and/or “<strong>Change low levels</strong>” fields.</p>
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<p>By default, the system sets 0 grids. However, you can set a positive or negative value to increase or decrease the number of active orders. The changes will be reflected in the chart:</p>
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<li>New orders will be displayed in a <strong>brighter</strong> color.</li>
<li>Removed orders will be displayed in a <strong>dimmed</strong> color.</li>
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<p>4. When you are ready to proceed with the changes, click <strong>[Continue]</strong>. Check the adjusted parameters in the preview window and click <strong>[Confirm]</strong> to apply changes.</p>
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<p class="notes"><strong>Note</strong><br>Modification of High and Low levels will change the bot’s trading range. As well as changes in the initial number of orders will modify the volume and value of the current bot funds.</p>
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<h2 id="h_6b90696bd7">Grid levels modification and trading balance</h2>
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<p>In order to add new buy orders, you would need to have <strong>quote currency</strong> in your available balance.</p>
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<p>To add new sell orders, there should be enough <strong>base currency</strong> in the available balance to add more sell levels.</p>
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<p>If you have insufficient funds to add new sell or buy levels, the system will show you how many grid levels you can add according to your currently available balance. If you need to increase the quote or base currency amount, use the <a href="https://app.bitsgap.com/trading" target="_blank" rel="nofollow noopener noreferrer">Trading</a> page to purchase the required coins.</p>
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<h3 id="h_770bac0905">Removing the Existing Bot Orders</h3>
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<p>Reducing the number of buy or sell orders will result in their cancellation, so the funds from the canceled orders in the base or quote currency <strong>will return to your</strong> <strong>available balance</strong>.</p>
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<h2 id="h_39e73c7b33">Grid Levels Modification &amp; Bot Statistics</h2>
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<p>Altering the number of grid levels will change both the original investment amount and the current funds used by the bot. The bot's ability to execute trades and follow its strategy could also be impacted. Considering these potential changes is essential before modifying the number of grid levels.</p>
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<p>Here are detailed examples of how modifying the number of grid levels works on the RNDR/USDT bot. It showcases the effects of these changes on the current funds utilized by the bot:</p>
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<p>1. Increasing the number of <strong>buy</strong> orders increases the “<strong>Orders, USDT</strong>” value in the Asset allocation field, requiring <strong>additional quote currency</strong> to place the new orders.</p>
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<p>If we add<strong> 5 new buy orders</strong>, the "Orders, USDT" field will <strong>increase by 321.6 USDT:</strong></p>
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<p>2. Adding more <strong>sell</strong> orders increases the "<strong>Position, RNDR</strong>" value by the additional amount of the required base currency.</p>
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<p>We started with <strong>382.58 RNDR in the sell orders</strong>, and now we expand our trading range by additional <strong>5 sell orders.</strong></p>
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<p>The bot takes more base currency (RNDR) from the available balance and expands the grid with the new sell orders. It increases the ‘’<strong>Position, RNDR</strong>” value by 44.99 RNDR as we add more sell orders to our existing bot.</p>
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<p class="notes"><strong>Note</strong><br>When changing active bot orders, recalculating <strong>Unrealized</strong>, <strong>Bot Profit</strong>, and <strong>Total PNL</strong> metrics may occur due to adjustments in initial investment and current trades.</p>
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<p>In conclusion, adjusting the number of grid levels can provide an effective way to modify your trading strategy and adapt to market conditions, all while keeping your GRID bot operational. This change will impact the invested funds and current investments and affect the Unrealized, Bot Profit, and Total PNL calculations. Modifying grid levels offers a flexible approach to optimizing your trading performance.</p>
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<p id="h_a9f7191dc0"><strong>Get stuck? Ask your question to our community on <a href="https://t.me/bitsgap" target="_blank" rel="nofollow noopener noreferrer">Telegram</a>!</strong></p>
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GRID Bot

Getting Started with a Bitsgap GRID Trading Bot

The GRID Strategy

Customize Advanced Bitsgap GRID Bot Settings

Getting Started with a Bitsgap Buy The Dip (BTD) Trading Bot

Unlocking the full Potential of your BTD Bot: A Walkthrough of Manual Adjustments

Adapt to Market Changes by Modifying the Grid Levels of the Active Bot