Implement All the Best Bitsgap Bots’ Strategies Effortlessly Using the Templates Below.

The cryptocurrency market is extremely volatile. Traders that fail to react to the market’s wild minute-by-minute swings often find themselves on the losing end of a trade. You, for instance, have to make lightning-speed decisions and respond to rising or falling prices to reap opportunities from rapidly changing digital currency prices.

To achieve optimal results, you must also overcome obstacles such as delays in crypto exchange executions and slow transaction speeds. Bitsgap bots lower the playing field by executing your trading strategies at lightning speeds, as below.

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Grid strategy bots | Bitsgap Best Strategies

Grid trading is a strategy whereby traders place orders higher or lower than a set price. Think of grid trading as an approach that leverages price grids when making orders. For example, a price grid may place orders at gradually increasing or decreasing prices.

You can, for instance, set your Bitsgap Grid bot to buy BTC whenever its price falls $200 below the current market price. Your bot could also sell your BTC every time its price goes above $200 its current price.

Your Bitsgap Grid bot will automatically make more BTC purchases to replenish your supply whenever its price settles at your predetermined range by dropping once more by $200. This strategy will make these trades repeatedly and, in reverse, make a profit on your behalf.

Grid trading strategies are particularly rewarding in a “sideways market,” when prices oscillate within a tight range for long periods. Your Bitsgap Grid bot has customizable grid limits. It easily automates the time-intensive grid strategy buy or sell orders, optimizing profits in high-frequency trading, and low-profit markets.

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Buy The Dip Trading | Bitsgap Best Strategies

Buy the Dip (BTD) bots accumulate cryptocurrency holdings in a falling market. Your bot will buy the dip whenever your preferred digital currency’s prices fall in value since plunging prices present excellent purchasing opportunities.

Over and above that, when you buy the dip, you will enjoy yield in the future when prices go on a rebound. To this end, purchasing a base currency during its price dip is one of the best downtrend trading strategies.

How does a Buy the Dip Bot work?

The BTD strategy generates profits from falling digital currency prices. To kick off the BTD process, choose the base currency that you would like to see an increase in your wallet. Then, you can accumulate more of this cryptocurrency during phases of its price downtrend.

Buying the dip is one of the most effective downtrend trading strategies in the FX and crypto markets. It is also cost-effective because you generally purchase high quantities of your preferred base currency at the bottom of the bucket prices.

Your Bitsgap BTD bot will calculate your profit as per the amount of base currency its trades accumulate or lose over time. After you have chosen your base currency, head over to the Bitsgap [Start new bot] button on the top menu of the Bots page.

Select Grid bot, then the ‘Buy the dip’ option. Next, choose an exchange of your choice, pick your base pair such as BTC or ETH, then pair it with a stable quote currency such as USDT or fiat money. Next, input your total investment value, then select your trading frequency.

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BTD Bot trading frequencies evaluation

• Slow – has a grid step of 3%, placing fewer orders but delivering more profit.
• Average – places your grids at a 1% grid step for a balanced profit per trade.
• Fast – This option will place multiple grids at a 0.3% grid step, issuing massive daily orders but earning minute amounts of profit from each trade.

Pro Tip:

• Bitsgap Grid bots have a demo mode. Use the demo mode for free and safe trading.
• Beginners should select the Average option rather than the Slow or Fast options. The Average mode offers a balanced profit per trade strategy.

How to protect your trades when trading with the Bitsgap BTD bot

The BTD bot offers protection features as an option. These features, however, can give you more control over your bot’s decision-making and protect your profit during a trade. The Take Profit option for instance halts your BTD bot’s activities when you have your Take Profit conditions in the bag.

The Take Profit option comes into effect when your bot attains the preset “Current Funds” range you initially input in the Take Profit tab. The bot will first cancel all open orders, then buy back all your base currency by placing a market buy order in your leftover quote currency. Its activities will then move to the Spot History under the Take Profit status.

One other security option is the Stop Bot option. You can set the Stop Bot option by setting a trigger price that signals your bot to cancel all open orders in a falling market. Your bot will then place a buyback order in quote currency significant to all the quote currency it has spent in trade.

The buy order will purchase a corresponding amount of your preferred base currency, and at the end of the protection action, your bot will move to the Spot History tab under the Stop-Loss designation.

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Scalping strategies

A scalper is a trader whose strategies generate profits from the slightest of market movements. In the past, scalpers would pay close attention to the dynamic ticker tape on their technical analysis charts. They would then use fast fingers to locate the juiciest of buy and sell signals.

Afterward, they would make buy orders when asset prices plunged to a lower-than-normal range. They would also sell when an asset’s price rose to a higher than usual range.

However, the rise of electronic trading systems has blurred some scalping lines. High-frequency trading bots dominate the sector, and larger trades occur in over-the-counter and alternative trading systems. These private arrangements keep their data from the public eye.

Fortunately, the scalper of the day still has an excellent profit generation opportunity from small market movements using technical indicators. Technical indicators such as the moving average, relative strength, and multiple chart scalping can identify profitable opportunities in strongly trending and robust range-bound action markets.

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Ride the trend strategy | Bitsgap Best Strategies

Trend trading using the Relative-Strength Index (RSI) is one of the most popular scalping strategies. It leverages the adage “the trend is your friend” to your advantage. The phrase means that traders should identify the direction of the trend using technical analysis tools, such as the relative strength index, to experience minimal trade losses.

Trend trading, therefore, identifies the most dominant market trends for decision-making. As an illustration, the relative strength index can help identify an upward trend, signalling a time to buy.

Savvy traders identify a trend and then trade in its direction to ensure that their trading strategies are sound. So, how does the relative strength index (RSI) indicator help identify the right fishing spot? The RSI is a technical indicator that identifies major market conditions such as:

• Oversold crypto assets
• Overbought crypto assets
• Momentum
• Divergence in the crypto markets.

The RSI, therefore, supports short- and long-term trend scalpers by highlighting the market entry and exit trends. It also signals the best engagement times. In addition, the RSI is easy to use and is easily visible on your Bitsgap trading platform charts. Moreover, the platform will compute its formula automatically, unlike in the past when a trend trader did the math manually.

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How does the RSI indicator work?

A fundamental rule is that the RSI sends overbought signals when its value soars to 70% or above. In contrast, your crypto asset is oversold when its RSI value falls at or below the 30% range.

It follows then that an RSI of 70% and above is a signal of a looming downtrend. Conversely, an RSI value of 30% and below signifies an oversold asset and an upward trend.

An oversold asset will gather momentum as its weakness begins to diminish and gather momentum and perhaps shoot to the moon over time.

Pro tip:

You can buy or sell your cryptocurrency when its RSI crosses or hits the midline, a sign of a new trend. For example, an RSI of 50% upwards signals a bullish trend. Then again, an RSI below 50 is a sign of a start of a bearish trend.

To this end, traders use RSI ratios such as 50/50 or 70/30 to signify resistance levels during bearish or bullish trends. Trend reversals occur when the market breaks a resistance level. Consequently, it would be best to jump to action immediately after a resistance level suffers a hit.

Fortunately, the Bitsgap scalper bot is easy to use. Beginners do not have to input any manual settings; its trailing features are also part of its default setting. However, the Bitsgap scalper bot will make hundreds of trades daily.

You only need to visit the Bitsgap bot page and select the [Start new bot] button. Then, choose the Scalper bot option, which is only compatible with the Kucoin exchange.

To kick off your trading, choose your trading pair and input the amount of trading capital you would like to use. The other Scalper bot settings, such as its grids, prices, and trailing features, are not editable. Click the start button, preview your setting, then confirm to kick off bot action.

How to avoid pump and dump schemes

It is, however, good to note that an RSI indicator is only suitable for use in ideal trading environments. It does not warn the trader of false signals such as pump and dump schemes.

To this end, to steer clear of pumps and dumps, ensure that an RSI is above 70 for a time frame that does not fall below 4 hours. A stable trend is a sign of solidity, while short-term trends could signal temporary pump-and-dumps.

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What is a pump and dump scheme?

Pump and dump groups release the enticing pump and dump signals in the market to profit off manipulated token prices. These signals lead to significant price hikes, where the pump and scheme group members sell off these inflated assets at a profit.

Parabolic and rapid asset prices are sure signs of such schemes, especially in new, unrecognized, or disregarded assets. A pump and dump scheme takes place in minutes. Fortunately, the Bitsgap Scalper bot has Pump and Dump protection.

Pump and Dump protection ensures that your bot does not make overly expensive purchases, buying inflated tokens and selling too low during a dump. The Bitsgap bot will automatically activate the pump and dump protection feature when token prices begin to rise in rapid succession.

The bot will, by default, detect artificial token price inflation and change its status to “Pump” or “Dump,” as per its strategy. When tokens begin to rise drastically, your bot’s Trailing Up feature will deactivate your grids on Long bots setups. Likewise, it will also deactivate the Trailing Down feature in Buy the Dip bots.

So, how do you activate the P&D protection on your Long bots?

When setting up your Long Custom bot, navigate to the [High price] button to view the Pump protection option. Alternatively, view this feature when activating the Trailing Up option. It is a default feature.

You can disable the P&D function, and your bot’s Trailing Up function will pace your orders when token prices experience drastic rises. That said, beginner traders should activate the pump and dump protection function, especially when trading highly volatile token pairs.

You can also enable the P&D protection on active Long Custom bots. Navigate to your bot’s interface, select your Long Custom bot and click the modify button on your right.

The Bitsgap pump and protection on the Classic bot and New Sbot Long bot is also easy to set up. Edit it under your bot’s Trailing Up feature. You can modify an active Classic bot or Sbot and activate the P&D function.

The process is also as effortless in Short trading bots. In new Short Custom bots, activate or deactivate the Dump feature by selecting your bot on the Bitsgap bot interface. Next, pick your bot, press the [Modify] button, and activate or deactivate Pump Protection.

If you choose the Trailing Down option, the Bitsgap system will automatically activate the Dump Protection option. You can deactivate the Dump Protection feature, and your bot will place orders even when token prices fall drastically.

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Horizontal markets Flat bot | Bitsgap Best Strategies

You can use the Bitsgap scalper bot to generate profits during bullish and bearish trends. But what happens when the market is calm and the charts display a sideways-moving direction?

The sideways drift occurs when the prices of crypto assets trade within fairly stable ranges over long periods. The investments will, therefore, not form any distinct trends;  you cannot chart trends using the average indicators.

When price action sways between the bulls and bears in a horizontal range, it is time to leverage the Bitsgap Flat bot.

The Flat bot works in a sideways drift when prices oscillate between price resistance and support regions. These markets emerge when the demand and supply forces are near balance, creating horizontal price movements.

Sideways markets are synonymous with digital currency price consolidation right ahead of a sustained trend movement or its reversal. Sideways drifts are common in markets because they support prolonged trends.

Bullish or bearish markets cannot sustain themselves for sizable periods and build sideways markets. The most important trading indicator in sideways markets is the trading volume. This indicator is flat in horizontal price movements, balancing itself between the bear’s and bull’s regions.

The savvy trader can benefit from sideways drifts by anticipating breakouts. Any breakout price above or below the asset’s trading range offers traders a buy or sell opportunity.

Some traders leverage range-bound strategies setting risk-reward ratios. A 2:1 risk-reward ratio means you will make two USDT for each USDT you risk in a trade. For example, you can purchase an asset when its price is at its support level and sell it at a resistance level.

These markets, however, are not as easy to navigate, but you can utilize overlay and oscillator technical indicators on your charts to determine new trends. The Relative Strength Index Indicator (RSI) could also help pinpoint the asset’s closing price rise and its average rations.

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Pro tip

Use your technical indicators to determine breakdown or breakthrough signs to benefit from a sideways drift. Then, study these signals when leaving or joining the market and place stop-loss orders below your horizontal market support level to lower trading loss risks.

Sideways markets are particularly rewarding for the long-term HODLer. This trader has mastered the art of future price directions and can confidently trade during sideways markets.

How to make use of the Bitsgap Flat bot

The Bitsgap Flat bot trades as per the grid strategy placing your orders at a price lower or higher than the market price. It will set your orders at matching points between the cryptocurrency’s upper and lower price ranges.

The Flatbot will then buy or sell a preset amount of digital assets and makes its profit in the quote currency.

To create a Bitsgap flat bot, navigate to the Bots page and click on the [Start new bot] tab. Next, go to the Grid Bot option and choose Flat Bot. Connect to an exchange, select your trading pair and specify your desired amount of trading capital.

Choose between the slow, average, and fast modes of order execution. The slow mode has a 3% grid step range, offering more profits on minimal orders.

The average mode has a 1% grid step, while the fast mode works in scalping mode. It has a 0.3% grip step, offering small profits on many orders. Activate Stop Bot or Take Profit options to protect your profit.

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Momentum Trading | Bitsgap Best Strategies

Momentum trading is also a trend trading strategy. You can ride the trend using momentum trading and control your bot’s actions more. This strategy capitalizes on the strength of an asset’s ongoing trend.

Use it to purchase assets when their prices are falling, then sell them at their peak price. Momentum traders work on the assumption that adequate forces of demand and supply will sustain price movement in a uniform direction.

To illustrate this point, when ETH is hovering at the $1600 price range as its uptrend price, you could place a buy order at $1800, catch the wave and take a profit before the uptrend wave begins to crash. Then, repeat this strategy and catch another uptrend wave amassing more profit.

Momentum trading is based on the laws of physics. Objects generally move in a single direction till an external force intervenes, forcing a change of direction. Some triggers driving a cryptocurrency’s price uptrend include increasing institutional and retail attention, updates such as the oncoming Ethereum Merge, or fear of missing out (FOMO).

Some obstacles that could halt the uptrend and initiate trend reversals include actions of whales, such as mass short position sell-offs.

The savvy momentum trader will exit the market before a trend reversal. They could however enter the market once more and go short should the downtrend attain traction. Consequently, the momentum trader can make a profit from uptrends and downtrends.

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How momentum trading works

The momentum trader assesses factors such as a digital asset’s trading volume, volatility, and timeframes before initiating a trade. For example, trading volume data can highlight some open positions and the trend’s direction.

This factor, however, does not reveal whale-related price manipulation in highly volatile assets. That said, volatility is a powerful attraction feature that promises gains during minimal market uptrends and downtrends.

Lastly, momentum trading works within timeframes. Consequently, use technical indicators such as Moving averages (MAs) to mute all price action noise and determine an asset’s price movement over a set period. Moving averages indicator follow price action and ascertain resistance and support levels.

How moving averages (MAs) work

The MA calculates the average price of an asset over a specific time frame. The basic MA or Simple Moving Average (SMA) may, for instance, find the arithmetic mean of the candle closing prices of an asset in a 20-day timeframe.

The formula then divides these closing prices by the number of days to arrive at the moving average value. Your charts will highlight this value as a dynamic line. The moving average line can work in terms of days or time frames.

It is also a lagging indicator reflecting the readings of the last close of the day. The 200-day and 50-day moving averages are highly valuable momentum trading indicators. These averages detect upcoming market turns such as the death and golden cross.

The death cross occurs in bearish trends when the 50-day MA slices through a 200-day MA line. This occurrence signals a bear market. In contrast, a 50-day MA can create a golden cross when it intercepts a 200-day MA in a bullish market. This event is an indicator of a charging bull market.

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Momentum trading on the Bitsgap Classic bot

The Classic bot has top-notch profit strategies for strong, uptrend markets. In addition, it leverages precise investment distribution logic, progressively buying and selling your base currency to enhance returns.

Low Volatility Buy and Sell Strategy | Bitsgap Best Strategies

Sbot Bot Strategy

The Classic bot trades a preset amount of your base currency in each order, maximizing returns on each trade. It leverages a progressively increasing volume of transactions as an asset’s uptrend gains momentum. The Bitsgap Sbot uses the same logic as the Classic bot.

The Sbot, however, trades a preset amount of quote currency rather than base currency in each order. Its strategy is most effective when you expect a price swing within a sideways drifting market. Its investment distribution logic leverages the DCA (dollar-cost-averaging) strategy to increase or decrease quote currency buy orders per the price trends.

Dollar-cost averaging (DCA) | Bitsgap Best Strategies

Dollar-cost averaging (DCA) is a cryptocurrency trading strategy that invests minimal capital in the market over time. It takes advantage of the sector’s price downturns, protecting your capital by making small investments in the place of oversized and risky purchases.

DCA eventually lowers your average cost per asset ratio and the crypto volatility impact on your holdings.

How the Bitsgap DCA (Dollar-cost averaging) Bot works

The Bitsgap DCA bot makes periodic and repetitive crypto purchases. It segments your capital across preset timeframes to ensure that you make better than average entry price purchases.

Your DCA bot is, therefore, a powerful risk management tool. It automates your trading, studying technical signals, then outperforms the market. It will find optimum entry and exit price points, find the best entry price and lower your buy or sell order size when the market trends change.

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Pro tip

When you make DCA purchases in an uptrend and downtrend market, you will eventually have more low-cost but high-value crypto assets in your wallet. The DCA strategy averts poor decision-making, such as lump sum purchases at an uptrend peak.

How to trade with the Bitsgap DCA bot

Your DCA bot is easily accessible on the Bitsgap bot interface. First, select the [Start new bot] tab and choose the DCA bot. Then, connect to an exchange and specify your trading pair.

Create a Long position that allows your DCA bot to trade your base currency. Consequently, your Long position strategy will accumulate profit in your preferred quote currency. Unfortunately, the Bitsgap DCA bot does not currently have a reverse Short position.

You can automate your DCA trades by selecting the Instant option under the First order size settings. Alternatively, use the Indicators option to set up precise entry signals.

Your DCA bot will place your orders after all indicators generate an entry signal. Use the Take profit option to determine your DCA bot’s exit position as per percent price change or as per indicator signals.

Conversely, the Stop loss option will close your trades to halt losses or when your bot has achieved a preset positive outcome. Finally, the Exit and stop option deactivates the DCA cycle, while the Exit and wait feature will kick off a new DCA cycle when indicators generate positive signals.

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