COMBO Bot


<p><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/10042877820572" alt="vc_5.jpg">The <a href="https://bitsgap.com/crypto-trading-bot/binance" target="_blank" rel="noopener noreferrer">Bitsgap COMBO Bot</a> is designed to profit from both rising and falling markets. Compared to spot trading, this bot is capable of generating returns faster, thanks to the leverage instrument. Likewise, the potential for high returns comes with an increased risk of significant losses due to the volatile and unpredictable nature of the crypto market.</p>
<h2 id="h_fafdb0e2aa">COMBO Bot for futures trading</h2>
<p>Bitsgap’s trend-following bot combines <strong>Grid</strong> and <strong>DCA</strong> algorithms to operate on Futures trading. The bot utilizes the full potential of <a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/10028373808156" target="_blank" rel="noopener noreferrer">Grid technology</a> to execute trades on every market move. Whereas <strong>DCA</strong> is the ultimate solution to apply the dollar-cost-averaging effect to optimize the entry price.</p>
<p>The COMBO Bot can follow the trend in both directions and generate returns endlessly, as both <strong><a href="https://bitsgap.com/crypto-trading-bot/grid-bot" target="_blank" rel="nofollow noopener noreferrer">grid</a></strong> and <strong><a href="https://bitsgap.com/crypto-trading-bot/dca-bot" target="_blank" rel="nofollow noopener noreferrer">DCA</a></strong> levels are automatically placed by the bot’s built-in <strong>trailing</strong> function. The <strong>automated trailing</strong> of the <strong>Stop-Loss</strong> follows the trend and hence secures generated returns.</p>
<h2 id="h_e29117b9f4">Bot parameters &amp; definitions</h2>
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<ul>
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<strong>Long</strong> - trading mode to generate returns as the price of a coin rises.</li>
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<strong>Short</strong> - trading mode to generate returns as the price of a coin falls.</li>
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<strong>Initial margin</strong> - the minimum required margin amount to launch the bot.</li>
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<strong>Upper price</strong> - the initial upper limit price of the bot’s trading range.</li>
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<strong>Lower price</strong> - the initial lower limit price of the bot’s trading range.</li>
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<strong>DCA and grid step</strong> - the gap between the orders in percentage (minimum 0.1%, maximum 2%).</li>
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<strong>DCA + grid levels - </strong>a total number of <strong>DCA</strong> and <strong>grid</strong> levels (10 - 40).</li>
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<strong>Leverage</strong> - increased exposure to a coin with the use of borrowed margin. Your leverage can be 10x, meaning that the ratio of your margin to borrowed funds is 1/10.</li>
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<strong>Cross margin</strong> - your entire balance is the margin to cover the position.</li>
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<strong>Isolated</strong> <strong>margin</strong> - limited margin from your balance.</li>
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<strong>Take Profit</strong> (optional) - a set price level at which the bot stops trading by closing the position and fixing the return.</li>
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<strong>Stop-Loss</strong> (optional) - a set price level at which the bot stops trading by closing the position and fixing a loss. Stop Loss is trailing by default.</li>
</ul>
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<h2 id="h_17ce5beacf">Additional information</h2>
<ul>
<li>
<strong>Maximum position</strong> - the maximum leveraged position opened by the bot.</li>
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<strong>Maximum margin</strong> - the maximum amount of margin to be used by the bot.</li>
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<strong>1st order </strong>- the first order volume that opens the position.</li>
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<strong>DCA orders</strong> - the amount and value of DCA orders.</li>
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<strong>Grid orders</strong> - the amount and value of grid orders.</li>
</ul>
<h2 id="h_ad7614871c">Example of editable parameters</h2>
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<ol>
<li>Number of grid levels 10-40</li>
<li>Minimum bot step 0.1% (grid space), maximum 2%</li>
<li>Bot’s leverage 1-10x.</li>
<li>The bot has a default <strong>Trailing up and down</strong>, so it may increase the initial size of the investment. But <strong>no more than 3 times</strong> the initial value. The sole purpose of this logic is to allow traders to generate more returns as the price moves in a predicted direction and adjust the entry price if the price moves in the opposite way.</li>
</ol>
<table style="width: 617px; height: 126px;">
<tbody>
<tr>
<td class="wysiwyg-text-align-justify" style="width: 62px;">
<p><strong>Number of grids</strong></p>
</td>
<td class="wysiwyg-text-align-justify" style="width: 114px;">
<p><strong>Minimum DCA and grid step %</strong></p>
</td>
<td class="wysiwyg-text-align-justify" style="width: 149px;">
<p class="wysiwyg-text-align-justify"><strong>Maximum DCA and grid step %</strong></p>
</td>
<td class="wysiwyg-text-align-justify" style="width: 160px;">
<p class="wysiwyg-text-align-center"><strong>Available Leverage</strong></p>
</td>
<td class="wysiwyg-text-align-justify" style="width: 132px;">
<p><strong>Default settings</strong></p>
</td>
</tr>
<tr>
<td style="width: 62px;">
<p>10 - 40</p>
</td>
<td style="width: 114px;">
<p>0.1%</p>
</td>
<td style="width: 149px;">
<p>2%</p>
</td>
<td style="width: 160px;">
<p>1x - 10x</p>
</td>
<td style="width: 132px;">
<p>Trailing Up and Down</p>
</td>
</tr>
</tbody>
</table>
</div>
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<h2 id="h_b2bd92d5c1">How is the bot launched, and how does it work?</h2>
<p><strong>1. </strong>After the activation, the bot uses 50% of the investment multiplied by the leverage to open a position. Depending on the type of bot, it will be a <strong>Short</strong> or <strong>Long</strong> position. The remaining 50% volume is used for <strong>DCA</strong> orders.</p>
<p class="notes"><strong>Attention<br></strong>If the price goes beyond the initial trading range, then the bot can set additional orders by using an extra margin of up to <strong>3x</strong> from the user's available balance.</p>
<table style="width: 718px; height: 89px;">
<tbody>
<tr>
<td style="width: 133.312px;">
<p><strong>Investment</strong></p>
</td>
<td style="width: 108.5px;">
<p><strong>Leverage</strong></p>
</td>
<td style="width: 93.8375px;">
<p><strong>Bot type</strong></p>
</td>
<td style="width: 141.2px;">
<p><strong>Current price</strong></p>
</td>
<td style="width: 186.35px;">
<p><strong>Start position size</strong></p>
</td>
</tr>
<tr>
<td style="width: 133.312px;">
<p>$1000</p>
</td>
<td style="width: 108.5px;">
<p>10x</p>
</td>
<td style="width: 93.8375px;">
<p>Long</p>
</td>
<td style="width: 141.2px;">
<p>$1700</p>
</td>
<td style="width: 186.35px;">
<p>2.9411 ETH</p>
</td>
</tr>
</tbody>
</table>
<h3 id="h_47efcf1432">How is it calculated?</h3>
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<ol>
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<p>($1000 / 100) x50 = $500 (half investment)</p>
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<p>$500 x 10 (leverage) = $5000 (position volume)</p>
</li>
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<p>$5000 / $1700 = 2.9411 ETH (position size)</p>
<p><strong>2. </strong>Once a position becomes active, the bot will place a group of <strong>Take Profit</strong> orders, which will reduce the position <em>(for the Short bot, it is buy orders, and for the Long bot, it is sell orders)</em>.</p>
<p><strong>3. </strong>The remaining 50% of the investment will be distributed in the form of DCA averaging orders. DCA orders are always of the same type as the position.</p>
<p>For example, if the position is <strong>Long</strong> (buy), then DCA orders will also be indicated as green buy orders. If the position is <strong>Short</strong> (sell), then they will be indicated as red sell orders. When the bot executes a DCA order, it increases the size of the position and adjusts your entry price - the dollar-cost averaging effect.</p>
<p><strong>4.</strong> The entry price of a position is the average purchase price (for the Long bot) or average sell price (for the Short bot) of the futures contract. The entry price <strong>will always fluctuate</strong> from executing orders that increase your position in size, as well as when the Trailing Up or Down takes place.</p>
<p><strong>5.</strong> If the entire position is sold out in profit, the bot will use 50% of the investment to open a new set of DCA and grid levels around the current price.</p>
<p><strong>6.</strong> Take Profit and Stop-Loss are always executed at the specified price.</p>
<p>For the <strong>Short bot</strong>, the Take Profit will always be at the <strong>bottom</strong> and Stop-Loss at the <strong>top</strong> since the Short-sell strategy aims to profit from a market decline.</p>
<p>For the<strong> Long bot</strong>, the Take Profit will be at the <strong>top</strong> and the Stop-Loss at the <strong>bottom</strong> since the Long-buy strategy aims to profit from a market rise.</p>
<img src="https://bitsgap4907.zendesk.com/hc/article_attachments/10810355811868"><br>
<h2 id="h_b748ef5f5f">Combo Bot's common scenarios</h2>
<p><strong>1. On Swings</strong><br>If the price moves up, the price of the base currency increases <em>(in BTCUSDT, the base is BTC)</em>. The bot will change orders to follow the rally. The total value of orders in the quote currency remains unchanged, but the volume of the base currency diminishes as the price increases.</p>
<p><strong>There is a possible situation when the size of the order in base currency shrinks to a value that is below the minimum order size required by your exchange.</strong> In this case, the system will continue to place orders, but their volume will be equal to the minimum required by your exchange. It means that the bot will go over your initial investment and start taking extra funds from your available futures balance.</p>
<p><strong>2. Increase in position’s volume</strong></p>
<p>If the price went in the opposite direction, for instance: If you have anticipated the trend to move upwards and you launched the Long bot, but instead, the price went down. In this case, only DCA (averaging orders) will be filled by the bot, and the orders set for taking profit (sell orders for Long bot) will remain open.</p>
<p>The <a href="https://bitsgap.com/crypto-trading-bot/" target="_blank" rel="nofollow noopener noreferrer">bot</a> will start increasing the position size until the moment when the volume of a position becomes more or equal to the <strong>Initial size of a position x 3 - </strong>when this happens, the bot will cancel all further averaging orders and will wait for the price to move above your P&amp;L threshold and execute at least some orders for taking the profit.</p>
<p>New averaging orders (DCA) will be created as soon as the bot sells (for long) or buys (for short) enough of the base currency.</p>
<h2 id="h_87c8c1c85a">How to start a COMBO Bot?</h2>
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<ol>
<li><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/9919541399580" target="_blank" rel="noopener noreferrer">Open Futures account on Binance</a></li>
<li><a style="background-color: #ffffff;" href="https://bitsgap4907.zendesk.com/hc/en-us/articles/9898682355868" target="_blank" rel="noopener noreferrer">Connect Binance Futures to Bitsgap</a></li>
<li><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/9900297148188" target="_blank" rel="noopener noreferrer">Connect KuCoin Futures to Bitsgap</a></li>
<li><a style="background-color: #ffffff;" href="https://bitsgap4907.zendesk.com/hc/en-us/articles/10042890192924" target="_blank" rel="noopener noreferrer">Learn how the Combo bot works</a></li>
<li><a style="background-color: #ffffff;" href="https://app.bitsgap.com/bot" target="_blank" rel="nofollow noopener noreferrer">Start the bot</a></li>
</ol>
</div>
<p class="notes"><strong>Attention<br></strong>Buying, selling, holding, and partaking in the futures trading of cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Bitsgap is not responsible for any loss that you may incur from price fluctuations or bot work when you buy, sell, hold, and leverage cryptocurrencies.</p>
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<p id="h_9e9b1709d8"><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>
</li>
</ol>
</div>
</div>

Getting Started with a Bitsgap COMBO Bot for Futures Trading


<p>The Bitsgap COMBO Bot provides multiple customization options to personalize your trading strategy. In this article, we will explore the manual adjustment settings. These settings include configuring high and low prices, adjusting grid step and grid levels, and managing risk with Stop Loss and Take Profit.</p>
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p>When setting up a new COMBO Bot, the Manual adjustment section allows you to customize your bot’s settings. To access them, click on the <strong>[Manual adjustment] </strong>button<strong>.</strong></p>
</div>
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<h3 id="h_d63ed5f804">Step 1: Set up High and Low prices</h3>
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<p>By default, the system sets lower and upper limits of the trading range at 10% from the current price. 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>
</div>
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p>For <strong>Long COMBO Bot</strong>: all orders above the current price are <strong>Grid</strong> <strong>orders</strong> (take the profit and reduce the position), and the ones below are <strong>DCA orders</strong> (average the entry price and increase the position).</p>
</div>
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p>For <strong>Short COMBO Bot</strong>: orders above the current price are <strong>DCA orders</strong> (average the entry price and increase the position), and the lines below are <strong>Grid</strong> <strong>orders</strong> (take the profit and reduce the position).</p>
</div>
<div class="intercom-interblocks-image intercom-interblocks-align-left"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/15439335258396" alt="ec.gif"></div>
<div class="intercom-interblocks-subheading intercom-interblocks-align-left">
<h3 id="h_6eff197427">Step 2: Adjust the step and number of levels</h3>
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<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p>The "<strong>DCA </strong>+ <strong>Grid levels"</strong> parameter reflects the overall number of open orders your bot will create, while the "<strong>DCA and</strong> <strong>Grid step"</strong> represents the price distance between those levels.</p>
</div>
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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 DCA and grid step % directly determine the distance between bot orders).</p>
</div>
<div class="intercom-interblocks-image intercom-interblocks-align-left"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/15439335260188" alt="ec2.gif"></div>
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p>Under the DCA and grid step and DCA + grid levels fields, you will see more detailed information about your COMBO Bot.</p>
</div>
<div class="intercom-interblocks-unordered-nested-list">
<ul>
<li>
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p><strong>Max. position</strong> - maximum position volume;</p>
</div>
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<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p><strong>Max. margin</strong> - maximum margin size;</p>
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</li>
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<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p><strong>1st order</strong> - the volume of the first order, which opens your position;</p>
</div>
</li>
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<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p><strong>DCA orders (N)*</strong> - the total volume of DCA orders;</p>
</div>
</li>
<li>
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p><strong>Grid orders (N)*</strong> - the total volume of grid orders.</p>
</div>
</li>
</ul>
</div>
<div class="intercom-interblocks-horizontal-rule"><hr style="height: 3px;"></div>
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p><strong>*N</strong> - number of orders.</p>
</div>
<div class="intercom-interblocks-horizontal-rule"><hr style="height: 3px;"></div>
<div class="intercom-interblocks-image intercom-interblocks-align-left"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/10422572476060" alt="image (1).png"></div>
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<h3 id="h_cba1f25746">Step 3: Take Profit and Stop Loss</h3>
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<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p>At this step, you determine under what condition and at what price the bot should lock in the profit or close your position at a loss.</p>
</div>
<div class="intercom-interblocks-image intercom-interblocks-align-left"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/10422572480028" alt="image (2).png"></div>
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p>If the price reaches the Take Profit or Stop Loss level, the system implements the following actions:</p>
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<div class="intercom-interblocks-ordered-nested-list">
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<ol>
<li>
<strong>Cancels</strong> bot <strong>orders</strong>;</li>
<li>Places a market sell or buy order to <strong>close the position</strong> at the current price;</li>
<li>Transfers the bot to the “<strong>Bot history</strong>” tab.</li>
</ol>
</div>
</div>
<p class="notes"><strong>Note<br></strong>Stop Loss is not fixed, it will follow the price in a favorable direction. The Trailing mode cannot be disabled for Stop Loss.</p>
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<h3 id="h_ba36fb1343">Step 4: Backtest</h3>
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<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p><a href="https://bitsgap4907.zendesk.com/hc/en-us/articles/10023850035612" target="_blank" rel="noopener noreferrer">Backtest</a> allows you to evaluate the bot performance based on historical data of a trading pair for a selected period. This feature may help you understand your bot's settings and optimize them for the selected trading pair.</p>
</div>
<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p>To backtest your bot settings, click on the [<strong>Backtest</strong>] button. In the pop-up window, you will see the calculated results of the bot's work (bot profit) with the current settings for the past 30 days (by default), like in the example below.</p>
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<div class="intercom-interblocks-image intercom-interblocks-align-left"><img src="https://bitsgap4907.zendesk.com/hc/article_attachments/13093872720412"></div>
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<p>Now your COMBO Bot is set and ready to be launched! 👍</p>
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<div class="intercom-interblocks-paragraph no-margin intercom-interblocks-align-left">
<p>Overall, the Manual Adjustment section in the COMBO 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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<div class="intercom-interblocks-horizontal-rule"><hr style="height: 3px;"></div>
<div class="intercom-interblocks-subheading4 intercom-interblocks-align-left">
<p id="h_6282f5c666"><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>
</div>

COMBO Bot

Getting Started with a Bitsgap COMBO Bot for Futures Trading

Customize Advanced Bitsgap COMBO Bot Settings

How to Create a Long COMBO Bot?

How to Create a Short COMBO Bot?