The LOOP Bot is an automated trading tool designed for grid-based strategies on the spot market. By placing buy and sell orders within a predefined range around a fixed Entry Price, the LOOP Bot enables traders to profit from market fluctuations without needing constant monitoring.
When Should You Use the LOOP Bot?
- Range-Bound Markets: Ideal when prices oscillate within a predictable range.
- Volatile Markets: Adjusts dynamically, profiting from both upward and downward price movements.
- Diversified Strategies: Works with both base and quote currencies, giving flexibility to exit positions in either currency.
- Automated Reinvestment: Reinvests profits automatically into the grid for efficient trading.
Key Features:
- Fixed Entry Price: Central point for all grid calculations.
- Dynamic Grid Adjustments: Automatically fills gaps created by executed orders.
- Trailing Up: Moves the Entry Price upward in trending markets.
- Take Profit Options: Exit in base or quote currency, or based on price conditions.
- Spot Market Focus: Exclusively for spot trading.
What's Next?
- How to Set Up a LOOP Bot?: Step-by-step guide to configuring and launching your LOOP Bot.
- Monitoring and Managing Your Bot: Learn how to track and manage your LOOP Bot effectively.
Need Assistance?
If you encounter any issues or have questions, don’t hesitate to contact the Bitsgap Customer Support Team.