AI Trading Bot Makes 103% in 30 days Using Bitsgap FULL TUTORIAL 2024 (FREE Crypto Strategy)

Introduction

If you're new to Bitsgap and unsure how to get started, this comprehensive tutorial is designed for you. Whether you're just starting out in crypto trading or looking for ways to optimize your strategies, this guide covers everything you need to know to effectively utilize the Bitsgap trading bot.

This walkthrough was derived from a one-on-one session with a member of my private crypto community, where we discussed detailed steps for correctly setting up the bot for maximum profitability. Let's dive right in!

Step 1: Define Your Goal

The first step to utilizing Bitsgap is to define what you want to achieve. In this case, our aim is to generate a 30% return over the next 30 days. With a clear goal, we can identify suitable cryptocurrencies that have the potential for growth.

Step 2: Selecting Profitable Cryptocurrencies

To find profitable cryptocurrencies, we explored various tools that include:

• TradingView
• CoinMarketCap
• The Bitsgap Trading Bot

For our example, we will start with the Binance exchange and proceed to filter cryptocurrencies based on their performance over different time frames (30 days, 7 days, 3 days).

1. Choosing the Time Frame: We selected the 30-day metric as our primary focus.
2. Identifying Profitable Coins: Once on the Bitsgap interface, we can see various coins based on their past 30-day performance.

Step 3: Backtesting Coin Potential

To ensure the cryptocurrency is capable of hitting our 30% profit target, we backtest the first candidate—ICP. Through backtesting, we observe that it could yield a potential return of 41% over the next 30 days, exceeding our goal.

Step 4: Conducting Technical Analysis

Next, we perform a technical analysis using several indicators:

• CBA 2.0 Indicator
• Market Cap Analysis (looking for values above 100 million)
• Relative Strength Index (RSI) (ideally below 53)

Looking up ICP on CoinMarketCap, we see a market cap of 5 billion—well within our desired parameters, making it a candidate for further consideration.

Step 5: Optimizing the Bot Settings

To get the best results, we must optimize our grid settings.

1. Grid Levels and Range:
   • We begin with a grid range of 50% and set grid levels to 10, checking results continuously to find the optimal settings.
   • We test different combinations, gradually increasing the grid levels and decreasing the grid range until we finalize on the setup that provides the best yield.

For instance, we determined that with a range of 30% and 20 grid levels, we could anticipate a return of up to 123% in the last 30 days!

Final Step: Setting Up the Bot for Deployment

Before launching the bot:

• Adjust Price Range: Set the price range based on your chosen percentages and grid levels from previous analysis.
• Activate Safety Features: Ensure trailing stop-loss and take-profit features are enabled to safeguard against losses while maximizing profits.

After following these steps, you’ll successfully have your crypto trading bot configured using Bitsgap to pursue the goal of significant returns over the next 30 days.

Thank you for following this tutorial! If you’re looking to join a supportive crypto community that offers private insights, weekly calls, and more, consider checking out the link in the description below!

Keyword

Bitsgap, AI Trading Bot, cryptocurrency, profitable coins, backtest, 30% return, CBA 2.0 Indicator, technical analysis, market cap, RSI, grid levels, trading strategy.

FAQ

Q: What is Bitsgap?
A: Bitsgap is a trading platform that allows users to automate trading strategies across various cryptocurrency exchanges.

Q: How much can I make using a trading bot?
A: The profitability can vary greatly, but in this tutorial, we demonstrated a potential return of over 103% in 30 days.

Q: Do I need to have advanced trading skills to use Bitsgap?
A: Not necessarily. This tutorial simplifies the process into manageable steps that beginners can follow while learning.

Q: What are grid levels and how do they affect profits?
A: Grid levels represent the number of price points at which the bot will execute trades within a specific range. The right balance can maximize profits by catching price fluctuations.

Q: Is there a community available for support when using Bitsgap?
A: Yes, there are private communities available that offer resources, insights, and assistance regarding crypto trading strategies.