Track statuses and results of active bots fast. FAQ Bitsgap Helpdesk necessary information and tips for effective use of the Bitsgap platform ✔️
When checking the bots' results, it is important to receive as much information as possible from a single page. This way, you don't need to go deep into details if you want to make a quick decision. Understanding what each metric represents is essential to track your bots' performance fast.
The part we will be looking into is the tabs of your active and closed bots. Please follow along with the article, and you will learn how to use this data to your advantage.
See the "Current value" of your active bot
The "Current value" of your bots helps to understand where most of the funds are currently allocated. This data consists of the current value of your funds (base currency + quote currency in open orders).
Value = (Base currency x current price) + Quote currency
In the “Current value” column, you can:
- add funds to your GRID or BTD Bots with the plus button;
- adjust the Isolated margin amount for COMBO and DCA Futures Bots with the plus button.
The "Current value" result can be shown either in the selected system currency of your account (aka Default currency) or your bots' profit currency. This will allow you to sort your bots based on their value so you can quickly see where most of your funds are currently allocated.
Check the overall performance of your bot
The Total PNL data shows how the value of the funds used to create a bot has changed over time. Two main factors will have a direct impact on the outcome of the active bot:
- The generated bot profit.
- The price change of the base currency.
While the bot profit will be generated from the continuous buy and sell orders, the effect of the price change comes from the market itself. The Total PNL provides information on how your Investment would change if you decided to close the bot right now and sell or buy back the base currency at the market price.
Info
Bitsgap trading bots are able to provide a guaranteed order execution based on the selected parameters, which allows generating profit from the trading activity. However, the market volatility and price changes may have a major influence on the final results as we apply the current rate for the base currency used in open orders and include it in the Total PNL value.
See the most productive bot, and monitor your earnings
The Bot profit column shows accumulated earnings per bot that are already added to the available balance. The Bot profit comes from the execution of buy and sell orders.
The Bot profit percentage (%) is calculated based on your initial investment allocated to the bot. This way, you can sort and analyze your bots by their real performance rather than volumes.
Get more insights into the time-based performance
Another way to measure your bot's performance and understand the average daily results is to take the bot's trading time and compare it with the Bot profit. The Average daily bot profit % and the trading time will provide you with more information about the average daily results reached by your active bot.
The data can also be compared with other bots, but the bots that have been launched recently will have better results because the trading time is shorter. The best practice will be to compare bots that have the same trading time or close.
Receive results across all active bots
The top header displays the summary of the active bots against the combined initial investment. This data helps to understand the overall performance of all bots in regard to the generated profit and the value of traded funds.
Here is the list of all overall reports that can be used to see how the activity of trading bots is influencing your trading account:
Sum. current value - The summary of the Current value column, in other words, how much funds are used by all bots at this time.
Sum. bot profit - The summary of all the profit generated by all active bots. This profit is already added to your available balance.
Having a clear understanding of the different metrics and how to interpret them is essential for successful trading bot management. The Current value, Total PNL, and Bot profit metrics provide valuable information on the current state of each bot while Sum. bot profit and Sum. current value give an overall view of the results of all your bots. The Status column provides a snapshot of the bot’s current state, allowing you to take corrective actions if necessary. By keeping an eye on these metrics, you can make informed decisions about your bot’s trades and optimize your strategy for maximum returns.
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