Trading bots represent an automated trading system that makes crypto-trading easier by simplifying the process of investing. Using a trading bot can make it easier to perform lots of small trades, which would be tiring for a human to do manually. Our bots will help you to make profits at any time and in any market situation. Simply choose the bot you need, configure and launch it!
Bitsgap has 2 kinds of bots:
1) Grid bots
2) Futures bot
In this article, we will go through all the bots, what they are for, in what situation to launch each one of them, and how they work.
#1 Flat bot
Many traders spend hours studying charts to profit from market moves, it can be difficult to profit in a bullish trend, much less in a sideways-moving market. Bitsgap offers its traders to make profits when the market is in a sideways movement, and the trend is not obvious yet.
The Flat bot trades according to a grid strategy and places orders at equal points between the upper price range and lower price range to buy and sell fixed portions of assets in a sideways market and makes profits in the quote currency.
#2 Buy the Dip bot
“Buy the dip” is one of the most popular strategies among crypto holders and traders. With this strategy, they purchase additional coins after the price has dropped further. Bitsgap’s Buy the Dip bot will buy coins at a lower price and sell at a higher price automatically. It works according to the grid strategy as well, but unlike the Flat bot, it will make profits in the base currency.
#3 Custom bot
Unlike BTD and Flat bots, the Custom bot allows traders to customize settings. With this bot, you will be able to:
choose in what currency you want to make profits (quote currency or base currency)
choose the number of grids or specify the grid step in percentage
enable trailing features in any combinations
#4 Scalper bot
Scalping is a strategy that specializes in profiting off of small price changes and making a fast profit off reselling. Bistgap’s Scalper bot helps to compensate losses in case of a drastic price fall. The main difference from other bots is that the Scalper bot does not need to be set manually, its settings are preset. The Trailing features will be enabled by default too.
#5 Combo bot
In comparison to spot bots, the Combo bot is capable of generating returns way faster, but it's riskier as well. This Bitsgap’s futures bot makes profits in USDT only. It combines the grid and DCA strategies. The bot can follow the trend in both directions (short and long).