COMBO Bot

<p>The <strong>COMBO Bot</strong> is a powerful tool for futures trading that combines <strong>Grid</strong> and <strong>DCA (Dollar-Cost Averaging)</strong> strategies to maximize profitability. It is designed to work in both rising (Long) and falling (Short) markets, adapting to market movements while automating trades for optimized entry prices and profits.</p>
<h4 id="h_01JJ1T13RSK247MHENW4VYDVJH">Key Features:</h4>
<ul>
<li>
<strong>Long/Short Modes</strong>: Choose between trading on rising (Long) or falling (Short) markets.</li>
<li>
<strong>Leverage Utilization</strong>: Amplify returns with leverage (up to 10x).</li>
<li>
<strong>Grid and DCA Strategy</strong>: Uses a grid to place orders at predefined intervals, while DCA adjusts the entry price as the market moves.</li>
<li>
<strong>Trailing Stop-Loss</strong>: Automatically adjusts Stop-Loss orders to follow the trend and secure profits.</li>
<li>
<strong>Position Averaging</strong>: Mitigates losses by adjusting positions when the market moves against your expectation.</li>
</ul>
<p><strong>Watch Our Quick Video Guide: <a href="https://www.youtube.com/watch?v=S5zsbHoqNLA">Mastering Bitsgap's COMBO Bot for Futures Trading | Crypto Trading Series [Part 4]</a></strong></p>
<p class="wysiwyg-text-align-center"><strong><iframe src="//www.youtube-nocookie.com/embed/S5zsbHoqNLA" width="560" height="315" frameborder="0" allowfullscreen=""></iframe></strong></p>
<hr>
<h3 id="h_01JJ1T13RSNSPKQX9XKGX4H525">What's Next?</h3>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18027365258908">Setting Up and Launching Your COMBO Bot</a></strong>: Learn how to configure and launch your COMBO bot effectively.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18027547199772">Analyzing Your Bot’s Performance</a></strong>: Track and optimize the performance of your COMBO bot.</li>
</ul>
<hr>
<h3 id="h_01JJ1TB844FA44S7YG0P621YRD">Need Assistance?</h3>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>

What is COMBO Bot?

<p>Setting up your <strong>COMBO Bot</strong> is simple and ensures effective futures trading. Here’s how to get started:</p>
<p id="h_01JJ1V1WFSD37GQAZ8587037RX"><strong>Watch Our Quick Video Guide: <a href="https://www.youtube.com/watch?v=S5zsbHoqNLA">Mastering Bitsgap's COMBO Bot for Futures Trading | Crypto Trading Series [Part 4]</a></strong></p>
<p class="wysiwyg-text-align-center"><iframe src="//www.youtube-nocookie.com/embed/S5zsbHoqNLA" width="560" height="315" frameborder="0" allowfullscreen=""></iframe></p>
<hr>
<h4 id="h_01JJ1V1WFSWBP8BHATAD7RMPRK">Step-by-Step Guide:</h4>
<ol>
<li>
<p><strong>Select a Bot Type</strong>:</p>
<ul>
<li>Go to the <strong>Bots</strong> page and click <strong>[Start New Bot]</strong>.</li>
<li>Choose <strong>COMBO Bot</strong> under the Futures section.</li>
</ul>
</li>
<li>
<p><strong>Customize Settings</strong>:</p>
<ul>
<li>
<strong>Exchange and Pair</strong>: Select your exchange and trading pair.</li>
<li>
<strong>Bot Strategy</strong>: Choose <strong>Long</strong> for rising markets or <strong>Short</strong> for falling markets.</li>
<li>
<strong>Initial Margin</strong>: Set the margin for investment.</li>
<li>
<strong>Leverage and Margin Mode</strong>: Choose leverage (1x-10x) and margin mode (Cross or Isolated).</li>
<li>
<strong>Quick Setup</strong>: Use the preset configurations for short, mid, or long-term strategies.</li>
</ul>
</li>
<li>
<p><strong>Advanced Settings</strong>:</p>
<ul>
<li>Customize <strong>Grid Levels</strong> and <strong>DCA Orders</strong>.</li>
<li>Set <strong>Take Profit</strong> and <strong>Stop-Loss</strong> parameters.</li>
</ul>
</li>
<li>
<p><strong>Backtest</strong>:</p>
<ul>
<li>Simulate the bot’s performance using historical data.</li>
<li>Adjust settings based on backtest results.</li>
</ul>
</li>
<li>
<p><strong>Review and Launch</strong>:</p>
<ul>
<li>Verify all settings and click <strong>[Start Bot]</strong> to activate the bot.</li>
</ul>
</li>
</ol>
<hr>
<h3 id="h_01JJ1X18ARV04DCKNSD4VJCFJV">What's Next?</h3>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18027547199772">Analyzing Your Bot’s Performance</a></strong>: Learn how to evaluate and optimize your bot’s performance with key metrics and insights.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/10043546796572">Advanced Settings for Your Bot</a></strong>: Unlock advanced configuration options to enhance your bot’s strategy and performance.</li>
</ul>
<hr>
<h3 id="h_01JJ1VDKTTW9253F68JV4BC8JK">Need Assistance?</h3>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>

Setting Up and Launching Your COMBO Bot

<p>Managing your <strong>COMBO Bot</strong> ensures that it continues to perform well. Here’s how to adjust and control your bot effectively:</p>
<h4 id="h_01JJ1VWYA2H61K2826RSW3PSGR">Modify Your Bot:</h4>
<ol>
<li>Go to <strong>Bot Actions &gt; Modify Bot</strong>.</li>
<li>Adjust parameters such as <strong>Take Profit</strong>, <strong>Stop Loss</strong>, and <strong>Margin</strong>.</li>
<li>Confirm and save changes.</li>
</ol>
<h4 id="h_01JJ1VWYA2G1V86E51VEMM0BSK">Close Your Bot:</h4>
<ol>
<li>Click <strong>[Stop Bot]</strong>.</li>
<li>Choose from these options:
<ul>
<li>
<strong>Convert to Quote Currency</strong>: Close all orders and lock in results.</li>
<li>
<strong>Keep Base Currency</strong>: Cancel orders but retain the position.</li>
</ul>
</li>
</ol>
<h4 id="h_01JJ1VWYA2STDBKDJ4F96MPGZ9">Restart Your Bot:</h4>
<ol>
<li>Go to the <strong>History Tab</strong>.</li>
<li>Select the bot, click <strong>[Restart]</strong>, adjust settings if necessary, and click <strong>[Start Bot]</strong>.</li>
</ol>
<p class="wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18056388180252"></p>
<hr>
<h3 id="h_01JJ1VWYA3Q5NGTJEE4Z6QTGTQ">What's Next?</h3>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18027547199772">Analyzing Your Bot’s Performance</a></strong>: Track and evaluate your bot’s performance over time.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/10043546796572">COMBO Bot Advanced</a></strong>: Explore advanced settings for using the COMBO bot more effectively.</li>
</ul>
<hr>
<h3 id="h_01JJ1VZVCG20WD954S9FW4YHHY">Need Assistance?</h3>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>

Managing and Modifying Your COMBO Bot

<p>Tracking the performance of your <strong>COMBO Bot</strong> is crucial for optimizing its results. Here's how to monitor its success:</p>
<h4 id="h_01JJ1VRPTMP68XSGSDBM48218D">Key Metrics in the Performance Window:</h4>
<ul>
<li>
<strong>Daily and Overall Profits</strong>: View accumulated gains and losses.</li>
<li>
<strong>Position PNL and Total PNL</strong>: Track open and closed position performance.</li>
<li>
<strong>Trading Time and Transactions</strong>: Monitor the trading duration and number of trades completed.</li>
<li>
<strong>Position Size and Liquidation Price</strong>: Keep track of the risk exposure.</li>
</ul>
<h4 id="h_01JJ1VRPTMQR68SG671JNZPC6Y">Manage Bot Orders:</h4>
<ul>
<li>
<strong>Completed Orders</strong>: View the details of executed trades, including time, price, and profit.</li>
<li>
<strong>Open Orders</strong>: Monitor active trades, including their status and balances.</li>
</ul>
<p class="wysiwyg-text-align-center"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/18056339156636"></p>
<hr>
<h3 id="h_01JJ1VS35BAQ5EZDFHA9397FCJ">What's Next?</h3>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18027365258908">Setting Up and Launching Your COMBO Bot</a></strong>: Fine-tune your bot's settings to optimize its functionality.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18027561382684">Managing and Modifying Your COMBO Bot</a></strong>: Learn how to make adjustments and control your bot's performance.</li>
</ul>
<hr>
<h3 id="h_01JJ1VT1H4607E0EZ6NAW0R3HD">Need Assistance?</h3>
<p>If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Customer Support</span></a> Team.</p>

Analyzing Your COMBO Bot’s Performance

<p>The Bitsgap COMBO Bot offers robust customization features that allow you to tailor your trading strategy according to your preferences. In this guide, we’ll walk you through the key manual adjustment settings that can help fine-tune the bot's performance. These include configuring price limits, adjusting grid steps and levels, and managing risk with Stop Loss and Take Profit orders.</p>
<hr>
<p><strong>Overview</strong></p>
<ul>
<li><a href="#h_01JJ1W8014FJCZ9578MYWR9MWH">Set Up High and Low Prices</a></li>
<li><a href="#h_01JJ1W8014YJGZDWYEHF98PQ3E">Adjust the Step and Number of Levels</a></li>
<li><a href="#h_01JJ1W80148AGSAV6RMBQYD058">Setting Take Profit and Stop Loss</a></li>
<li><a href="#h_01JJ1W801418R47K3FXDAHAZ1J">Backtest Your Settings</a></li>
<li><a href="#h_01JJ1W8014QB1CA2J3V24ZQ5PR">Finalizing Your COMBO Bot Setup</a></li>
</ul>
<p><strong>Watch Our Quick Video Guide: <a href="https://www.youtube.com/watch?v=S5zsbHoqNLA">Mastering Bitsgap's COMBO Bot for Futures Trading | Crypto Trading Series [Part 4]</a></strong></p>
<p class="wysiwyg-text-align-center"><iframe src="//www.youtube-nocookie.com/embed/S5zsbHoqNLA" width="560" height="315" frameborder="0" allowfullscreen=""></iframe></p>
<hr>
<h3 id="h_01JJ1W8014FJCZ9578MYWR9MWH">Set Up High and Low Prices</h3>
<p>By default, the bot sets the trading range 10% above and below the current market price. However, you can manually adjust the "Low Price" and "High Price" fields to define the trading range based on your strategy.</p>
<ul>
<li>
<strong>For a Long COMBO Bot</strong>: Orders above the current price are Grid orders (which take profit and reduce the position), while orders below the current price are DCA orders (which average the entry price and increase the position).</li>
<li>
<strong>For a Short COMBO Bot</strong>: Orders above the current price are DCA orders (to average the entry price and increase the position), and orders below the current price are Grid orders (to take profit and reduce the position).</li>
</ul>
<p class="wysiwyg-indent1 wysiwyg-text-align-center"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfGEuX1AWFcAFET8kcSx0aIKeSD0B8HP_w8aN4_8UQfyB85kIXDm4Fc4oOtAv3W3b6FrC0RbII414jaIFoMnAjiiNtCMFkSpkoFPSyu6NF14gqPj-GhJYsCK1aQEUI28ZbNnmYQ3w?key=B1nfAwaxc5cIDR0cASNxdw10" width="624" height="468"></p>
<p>Adjusting the price range ensures the bot operates within the parameters that suit your market expectations.</p>
<hr>
<h3 id="h_01JJ1W8014YJGZDWYEHF98PQ3E">Adjust the Step and Number of Levels</h3>
<p>The "DCA + Grid levels" parameter determines the total number of orders the bot will place. Meanwhile, the "DCA and Grid step" specifies the price difference between these levels.</p>
<ul>
<li>
<strong>DCA and Grid Step</strong>: Changing the percentage step alters the distance between orders, with smaller steps creating more frequent trades, and larger steps reducing order frequency.</li>
<li>
<strong>DCA + Grid Levels</strong>: This field dictates the number of levels in the grid and DCA structure, balancing how many trades the bot will execute.</li>
</ul>
<p class="wysiwyg-indent1 wysiwyg-text-align-center"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf53nCb7OpSmY3O4nNtTAztEZu0fA_QHz2UpmujpFjBG3YNGZy8W1Gwq1eNugNbLvjUW5RD_QADR_vGyqRUVuPkwCYenaUcm7kmiqSZiAXjY0gf44kICl-3ushjx6xRfhHzHA-2yA?key=B1nfAwaxc5cIDR0cASNxdw10" width="624" height="503"></p>
<p>These two settings work together; adjusting one will automatically impact the other, so understanding their interplay is crucial for optimal performance.</p>
<p><strong>Key Parameters to Understand:</strong></p>
<ul>
<li>
<strong>Max Position</strong>: Maximum volume of the position the bot will open.</li>
<li>
<strong>Max Margin</strong>: Maximum margin the bot can utilize for each position.</li>
<li>
<strong>First Order Volume</strong>: The size of the first order used to initiate the position.</li>
<li>
<strong>DCA Orders (N)</strong>: The total volume of DCA orders.</li>
<li>
<strong>Grid Orders (N)</strong>: The total volume of grid orders.</li>
</ul>
<p class="wysiwyg-indent1">Where *N - number of orders.</p>
<p class="wysiwyg-indent1 wysiwyg-text-align-center"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdCXh9ESQ_nsQP-ZNL9WsqpJ3jy9Cxck116KtQZKaCt6qq9_pWh2aqudGBeFwj90dSR1P5rSpS-S8cbNHE4DB88t-Of8Y0PZ9hr9zlVD4ZdrdHDi2adf41ay0eiAYcDjXGcARTy?key=B1nfAwaxc5cIDR0cASNxdw10" width="329" height="195"></p>
<hr>
<h3 id="h_01JJ1W80148AGSAV6RMBQYD058">Setting Take Profit and Stop Loss</h3>
<p>Once you’ve configured the price range and order levels, it’s time to set your risk parameters.</p>
<p class="wysiwyg-indent1 wysiwyg-text-align-center"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeWyU5jYpMAozbwLzkqT7JpEZW6kerfRYQPrBY3aLCppHVuIflQ7n24W6qX6mOlQewpDP0sON1w-87a_L-oEtEifPGxhAO8N1xpG53PgTH9bnRsGJ8mqMF0oP5h4XeT0nVqmFlZgA?key=B1nfAwaxc5cIDR0cASNxdw10" width="309" height="249"></p>
<ul>
<li>
<strong>Take Profit</strong>: Set a price level at which the bot should close the position and lock in profits.</li>
<li>
<strong>Stop Loss</strong>: Set a price level at which the bot will close the position to limit losses. Note that Stop Loss is <strong>trailing</strong> by default, meaning it follows the price in a favorable direction and adjusts as the market moves, without being fixed.</li>
</ul>
<p>When either the Take Profit or Stop Loss level is reached, the bot will:</p>
<ul>
<li>Cancel all active orders.</li>
<li>Place a market order to close the position at the current price.</li>
<li>Move the bot to the “Bot History” tab for tracking.</li>
</ul>
<hr>
<h3 id="h_01JJ1W801418R47K3FXDAHAZ1J">Backtest Your Settings</h3>
<p>Before launching your bot, you can use the <strong>Backtest</strong> feature to evaluate how your settings would have performed based on historical data. This can help you optimize your strategy for the selected trading pair.</p>
<p class="wysiwyg-text-align-center"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfQMikAOvMj350FLm9PahgPqFlhFr0CZTtW5gAVFuiSb216h5u8WWYXm4QRQ76Z6xrrcrFRlfzLX6FJwsog1UN3buMNvFL4AMNc68HcPRHMwv-O_kQBc7LMQEwdR36xjb1ewu8snw?key=B1nfAwaxc5cIDR0cASNxdw10" width="624" height="447"></p>
<ul>
<li>
<strong>How Backtest Works</strong>: Click on the [Backtest] button to see how the bot would have performed over the past 30 days (default). The results provide insight into potential profits or losses under current settings.</li>
</ul>
<hr>
<h3 id="h_01JJ1W8014QB1CA2J3V24ZQ5PR">Finalizing Your COMBO Bot Setup</h3>
<p>Once you’ve customized the settings and reviewed the backtest results, your COMBO Bot is ready to launch. Remember, the key to successful trading is continuously monitoring and adjusting your settings based on market conditions.</p>
<hr>
<h3 id="h_01JJ1WCC5EW7CD5CBYQ45BNW9G">What's Next?</h3>
<ul>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18014869918108">DCA Futures Bot</a></strong>: Discover how to leverage the DCA strategy for futures trading and optimize your trading positions.</li>
<li>
<strong><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/18030543601308">Manual Trading</a></strong>: Learn how to trade manually with advanced tools on the Bitsgap platform for a more hands-on approach.</li>
</ul>
<hr>
<h3 id="h_01JJ1WCVHA1C3XCZ45Q0YK62A3">Need Assistance?</h3>
<p>If you encounter any issues or have questions about connecting your exchange, please don’t hesitate to reach out to the Bitsgap <a href="mailto:support@bitsgap.com"><span class="wysiwyg-underline" style="color: #1155cc;">Contact Support</span></a> Team.</p>

COMBO Bot

What is COMBO Bot?

Setting Up and Launching Your COMBO Bot

Managing and Modifying Your COMBO Bot

Analyzing Your COMBO Bot’s Performance

Advanced COMBO Bot Settings