Setting an Astrogap bot is very simple. This tutorial will walk you through 4 simple steps needed to set up a bot.
Step 1) Name your bot and choose the coin pair that you want to trade
In this example, a user set Binance as their exchange. Given that they would like to setup a BTC/BUSD bot, they then need to select BTC as a Target coin and BUSD as a base coin.
Step 2) Allocate your budget; specify the price range that you want your bot to function; and provide the grid size for the grid magnitude.
If you have the AI-driven focus zone enabled, to better optimize your grid, you can specify Upper Bound and Lower Bound of your focus zone. For more details of the AI-driven focus zone, please refer to this.
Step 3) Optimize your bot to handle market volatility
Astrogap Grid Trading Bots are packed with 3 key features for bot optimisation.
Trailing Up is a feature that lifts the lowest buy orders higher to follow an upward trend of a bullish market.
Step 4) Double-down with your bot profit to make your profit grows even faster
Astrogap Grid Trading Bots provide 2 double-down options.
Auto Compound is a feature that allows bots to reinvest fully or partially (e.g., 60%) from their profit made from grid trading. This feature allows bots to generate larger buy-sell orders to generate larger sizes of profit per transaction.
Profit to DCA (Dollar Cost Averaging) is a feature that allows bots to use fully or partially (e.g., 60%) their profit to regularly invest in a specific target coin.