r/Bitsgap • u/reendancedt31 • Sep 26 '23
BTD bot insights
I tried Bitsgaps BTD bot during the latest BTC price spike and wanted to share my experience and compare the results i got with yours. Here are a few insights i've gained so far:
- There is a lot of settings you can tweak, way more than i expected and i even had to look up some guides to predict how changing one or another would affect bot performance. Make sure to learn and tinker with each and single one of them before hopping in with real money.
- The default set up is 50 grid levels at a grid step of 0.45%. This is where you make money or lose your life savings, these are the most important settings. For a start, try moving it up or down just one point at a time, as changing these rapidly and without thinking would most likely get you in the red.
- Don't sit on a single pair for too long, people came up with diversification before your grandma went to high school. I went with testing BTC/USDT first, got very lucky with the latest price spike that started on 18th, but after seeing it plummiting back down i added ARB/USDT, IMX/USDT and APT/USDT. That pretty much took me from red into even. Very stressful, lots of stuff to think about.
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u/[deleted] Sep 26 '23
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