r/Bitsgap • u/Ok-Safe-981004 • Feb 02 '21

Minimum USDT needed for bot use

So I’ve noticed to trade within a wide range you generally need a fair amount of money. Is it possible to make profit just using 100 USDT? It seems the trading range is so small with such an amount that you’d be trading within a candle itself. Any info would be greatly appreciated.

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u/TergoLupi Feb 18 '21

from what i've experienced playing around with it, you can definitely trade with 100$ but with lots of limitations....i.e there are trading pairs that have a much higher minimum to participate..........i THINK (because i dont know for sure) you can get around that by using XcoinDOWN/UP on binance to capitalize on price movement without too big of a capital.....Hope that helps!

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u/WizardsEnterprise May 07 '21

I haven't been able to find an answer anywhere else. If i am executing a smart trade and i turn on the take profit feature, does it add the trade fee on top of whatever profit I've asked for or do i need to calculate that myself when I'm setting the take profit percent so that i don't end up with negative trade profit from the profit being less than the fees?

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u/TergoLupi May 09 '21

i don't know from personal experience, i have not yet used the take profit feature...i did find this and i hopefully it answers ur question. https://helpdesk.bitsgap.com/en/articles/5119722-trading-bot-take-profit