Bitsgap Trading Bot | Bitsgap Bot | Bitsgap Review - YouTube

hey what's going on people it's you with  cryptogems and today we'll learn how to  

use bitscape trading walls we'll see what are the  advantages of using these bots and how these bots  

work please check out the links in the description  box however this is not a financial advice and  

this video is for informational educational  purposes only so let's get started so basically  

these are ai bots and they let you create passive  income regardless of the joint and since crypto  

markets are very volatile they provide you  with a lot of opportunities to make trades  

so basically bits cap have two bots and first is  s-bot and second is classic board we'll discuss  

them in couple minutes and they'll let you use  like features like take profit trading stop and  

stop loss now the main advantage of using these  bots is that it lets you create passive income  

so there's very less time that you have to spend  in front of the screen and you can manage all your  

trades on different exchanges on a single platform  well first of all you need to create an account on  

bitscape so you sign up using your email and then  log in so when you log in you'll see something  

like this on your screen and then you head over to  bots and you will see a dashboard with price chart  

and then what's configuration column and active  bots over here so as you can see i don't have  

any active words right now so i have nothing here  and you will also see recommended strategies based  

on back tested results so as we look at the chart  which we can easily zoom in and zoom out to better  

understand the price action of the cryptocurrency  and we can also perform technical analysis on  

that using the instruments over here so you can  see the tools over here that we have trend line  

horizontal line we have fibonacci extensions you  can draw anything that you want and you can also  

click like draw support and resistance levels also  draw patterns like triangles and stuff like that  

so the next step is to create a new part you can  either select s-bot or classic mod so the classic  

bot buys the same amount of crypto currency at  each level whereas s-bot buys different amount  

of cryptocurrency at each level but it ensures the  equal distribution of the investment so i'm on a  

demo account right now and i also recommend other  people to use democrat first and practice with it  

and to switch from demo to live and vice versa you  click your avatar here on top right hand corner  

and you will see an option over here all right  now you have to connect your exchange to the bits  

with cap so and to do that this is how you do it  and i will put this link in the description and  

for this example i'm going to use binance and  if you don't already have an account on binance  

please check out the link in the description for  that too the next section is the pair we will use  

bitcoin usd pair for this example and if you don't  know which pair you want to trade just scroll down  

and you will see a list of recommended strategies  based on backtested results now let's go and  

configure our automated trading part so first of  all you will have to define a trading range this  

is the range that you will allow your trades to  take place and to do that you can just drag these  

things up and down to and it will just define  your range or you can enter the price over here  

so the green zone is the pi zone and the red zone  is the cell zone and based off based on the width  

of your pi zone and cell zone uh here you will see  how much of your base currency is required and how  

much of your code currency is required so for this  example let's narrow down the buy zone so i will  

put 54 000 over here and let's keep uh the width  of the cell zone more since as you can see this  

is a trending market right so the main purpose  of this automation is to keep generating profits  

with any market movement while you are offline now  let's move on to grid levels so what what exactly  

is grid level so the more grids that you have the  narrower will be the spacing between your orders  

so the price difference between each order will  narrow down as you increase the grades for example  

let's see right now the grid step is 0.22 and grid  level is 100 if you raise the grid level to 170  

you can see that the grid step is reduced to 0.13  okay and grade levels also affect the investment  

also you can adjust your investment allocation  here so the whatever amount you that you would  

like to invest you put in that amount here  in usdt and below that here you will see the  

exact investment distribution of your funds  in your base currency and your code currency  

now let's say i increase the grid quantity to 100  you see the red box over here it says that you  

don't have enough balance so if you get this error  adjust your investment or your grades accordingly  

so next you just scroll down click preview and  you confirm all the information and then confirm  

after that you will see your bot in here spotbots  or active bots to get more information you can  

click this option and it will show all the orders  that it executed now let's move on to the pricing  

of bitscape so if you want to try so for they'll  they have seven day free trial for all plans  

and if you want to try them for one month it's  uh they have three plans so basic is 29 advanced  

is 69 and pro is 149. so the basic difference  between all three plans is that the basic plan  

have two active trading bots advanced have five  and pro have 20. also the advanced and pro have  

future bots and trading up and down forwards and  the pro has take profit for bots and if you go to  

six months you can save a little bit of money  in that so that is it for now today we learned  

about bits cap trading bots how the bots work and  what are the some key advantages of using this  

this box so please check out the links in  the description box thank you for watching  

this video if you found it helpful make sure to  give us a like make sure to add any comments with  

questions down below and don't forget to subscribe  to our channel if you want more content like this  

that will help you in your cryptocurrency  journey thank you for being here take care