In this guide, I will provide step by step instructions on setting up the Bitsgap crypto trading bot to generate passive income. I will assume that you already have an account funded with the following supported exchanges: (Binance, BinanceUS, Kucoin, OKX, FTX, Bitfinex, Bittrex, Bybit, Coinbase Pro, Gate.io, Gemini, HitBTC, Huobi, Poloniex, and Kraken)
- Sign up for the 7 day trial on Bitsgap.com
- Connect Bitsgap to your trading exchange.
- Select the exchange you wish to connect and add the API Key, Secret Key and Passphrase
- Next click on the Bots tab and then click the orange “Start new bot” button.
- From the Start New Bot pop-up window, select “Grid Bot”
- From the Bot Strategy window, select “Custom”
- Choose the trading pair that you would like to market make. In the example, I have selected ETH/USD and would like to make profit in USD while trading a fixed size of ETH. Click Continue.
- The software will then suggest a range to use to set your buy and sell orders
- Here you can adjust how much capital you want to allocate to the bot, you can adjust the number of orders you would like to set. I have set the step % to .5% which is how far apart the trading orders will be from the current price.
- Once you are satisfied with your settings, click on the Backtest button. The bot will simulate how your settings will have performed up to one month in the past.
- Click the Preview Bot button, and you will see the finalized settings. Then, click on the Confirm button to start the bot!
