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 3 kinds of bots:
1) Grid bots (including Buy the Dip bot)
2) DCA bot
3) 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 Grid 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 Grid bot trades according to a grid strategy and places orders at equal points between the upper and lower prices 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 automatically buy coins at a lower price and sell at a higher price. It works according to the grid strategy as well, but unlike the Grid bot, it will make profits in the base currency.
#3 DCA bot
Dollar-cost averaging (DCA) is a strategy in which you divide the total amount to be invested across periodic purchases of a coin. The purchases occur regardless of the coin's price and at regular intervals. Bitsgap's DCA bot is a great solution that allows you to reduce the impact of volatility and price change on the overall purchase.
#4 Combo bot
Compared to spot bots, the Combo bot can generate 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).