How to Set Up LOOP Bot on Bitsgap: A Complete Guide for Beginners

Automated trading has transofrmed the way traders navigate the ever-changing crypto market. By using trading bots, investors can execute strategies 24/7, take advantage of market fluctuations, and minimize emotional decision-making. With a variety of automated bots available, traders can choose the best tool to fit their strategy—whether it’s short-term scalping, grid trading, or long-term position management.

Among these, the LOOP Bot stands out as a unique position trading bot designed for steady growth and long-term profitability. Unlike traditional bots that operate on a fixed grid system, the LOOP Bot dynamically adjusts orders, reinvests profits automatically, and earns in two currencies simultaneously—allowing traders to accumulate both their base and quote assets over time. This makes it an ideal choice for those looking to maximize gains while maintaining a hands-off approach to trading.

In this guide, we’ll walk you through how to set up the LOOP Bot on Bitsgap, ensuring you can take full advantage of its powerful features and start compounding your earnings like a pro!

How to Set Up LOOP Bot on Bitsgap: A Complete Guide for Beginners

 

What Is LOOP Bot and Why Use It?

The LOOP Bot is a position crypto trading bot designed for long-term profitability by leveraging price fluctuations within a set trading range. Unlike other automated trading bots, LOOP Bot offers a unique approach by dynamically adjusting orders, reinvesting profits automatically, and earning in two currencies simultaneously—both the base and quote currency.

For traders looking to grow their capital steadily, the LOOP Bot is an excellent choice. It helps traders accumulate assets efficiently, whether the market is moving up or down. When prices dip, LOOP Bot increases holdings of the base currency (e.g., BTC), and when prices rise, it locks in profits in the quote currency (e.g., USDT). This flexibility in earnings is what makes LOOP Bot stand out from other trading bots, offering a balanced strategy for long-term wealth accumulation.

 

Bitsgap LOOP Bot Tutorial: How Does Loop Bot Work?

Now, let’s dive deeper into how LOOP Bot operates and when to use it compared to other bots.

How LOOP Bot Works

LOOP Bot operates within a fixed price corridor, ensuring that trades occur within a structured range. The bot places a series of buy and sell orders at predefined levels, adjusting dynamically to market movements.

Here’s how it works:

  1. You set a price range—The bot operates within this corridor, ensuring trades happen within a controlled environment.
  2. Orders are placed at multiple levels—The bot can place up to 40 levels, ensuring consistent trading opportunities.
  3. Profits are automatically reinvested—Unlike GRID Bot, LOOP Bot reinvests all earned profits, enhancing compound growth.
  4. Dual-currency earnings—When the price rises, profits are held in the quote currency (e.g., USDT). When the price falls, profits accumulate in the base currency (e.g., BTC).
  5. Trailing Up option—If enabled, the bot can adjust its price range upwards to follow a rising market, ensuring continued profitability.

When to Use LOOP Bot vs. Other Bots

  • Use LOOP Bot if you:
    • Prefer long-term, strategic trading rather than frequent short-term trades.
    • Want to accumulate both base and quote currencies over time.
    • Seek automated reinvestment of profits for compounded growth.
    • Want a hands-off trading approach with stable and predictable strategies.
  • Use GRID Bot if you:
    • Want to capitalize on short-term price fluctuations in a sideways market.
    • Prefer a fixed profit-taking strategy without automatic reinvestment.
    • Are looking for a higher frequency trading strategy with more frequent but smaller profits.

 

Key Benefits of Using LOOP Bot

LOOP Bot offers a unique set of advantages that make it an excellent choice for traders looking to maximize profits while maintaining a hands-off approach. Unlike traditional bots, it earns in two currencies at the same time, reinvests profits automatically, and adapts dynamically to market conditions.

Below are the key benefits that set LOOP Bot apart and make it an ideal tool for long-term, strategic trading.

  1. Earn in Two Currencies Simultaneously
  • Unlike most bots that earn only in the quote currency, LOOP Bot allows traders to accumulate both base and quote currencies.
  • This ensures that traders can increase their holdings of valuable assets like BTC while still taking profits in stable currencies like USDT.
  1. Automatic Profit Reinvestment for Compound Growth
  • LOOP Bot reinvests all profits automatically, meaning traders do not need to manually reinvest earnings to continue compounding their gains.
  • This accelerates capital growth over time and ensures constant reinvestment for maximum efficiency.
  1. Dynamic Level Adjustment for Optimized Trading
  • The bot adjusts order levels intelligently to avoid buying at unfavorable prices.
  • This minimizes the impact of sharp price swings and helps maintain a structured and stable trading strategy.
  1. Long-Term Stability and Reduced Risk
  • LOOP Bot is designed for long-term traders who prefer steady and controlled growth.
  • The fixed trading corridor ensures that trading remains within a predictable range, reducing unnecessary exposure to market volatility.
  1. Easy Start with Bitsgap’s Preconfigured Strategies: Bitsgap offers several options to make starting with LOOP Bot effortless:
  • Profitable default configurations: Start with a few clicks by using default settings.
  • Quick start presets: Traders can select short-term, mid-term, or long-term configurations, each fine-tuned for different trading styles.
    • Short-term: 1% order spacing for frequent trades.
    • Mid-term: Balanced approach with moderate frequency.
    • Long-term: 3% order spacing for larger but less frequent trades.
  • Strategy suggestions: Bitsgap provides a list of successful setups based on historical backtesting, ranked by profitability.
  1. Hands-Off Approach for Maximum Convenience
  • Once set up, LOOP Bot requires minimal intervention, making it perfect for busy traders or those who prefer a passive income strategy.
  • Traders can monitor performance anytime, adjust settings on the go, or stop and restart the bot as needed.

 

Loop Bot Setup Guide: How to Set Up LOOP Bot on Bitsgap

Setting up the LOOP Bot on Bitsgap is a straightforward process that allows you to automate your trading, reinvest profits, and earn in two currencies simultaneously. Follow this automated crypto trading setup guide to get started with LOOP Bot and optimize your trading strategy.

Step 1: Start a New Bot

  1. Log in to your Bitsgap account.
  2. Click on the [Start new bot] button at the top of the platform.
  3. From the list of available bots, select [LOOP Bot].

Step 2: Choose Your Exchange and Trading Pair

  1. Select the exchange where you want to run the bot (e.g., Binance, KuCoin, OKX).
  2. Choose the trading pair you want to trade (e.g., BTC/USDT, ETH/USDT).

Step 3: Allocate Your Investment

  1. Decide how much capital you want to allocate to the bot.
  2. You can either:
    • Enter a specific amount manually
    • Use the slider to allocate a percentage of your available balance

Tip: Ensure you have enough funds in your exchange to support the bot’s operations.

Step 4: Choose a Preconfigured Strategy or Customize Manually

Bitsgap offers three preset configurations based on how long you plan to run the bot:

  • Short-term: Tight 1% grid spacing for frequent trades.
  • Mid-term: Balanced approach with moderate trade frequency.
  • Long-term: Wider 3% spacing for fewer, but potentially more profitable, trades.

Manual Adjustment (Optional)

If you prefer custom settings, click on [Manual Adjustment] to fine-tune your strategy.

Step 5: Define Your Trading Range

  1. Set the upper and lower price limits for your bot. This range determines where the bot will place buy and sell orders.
  2. The bot automatically suggests an optimal range, but you can adjust it based on your strategy.

Tip: Choose a range where the price is likely to stay within for an extended period, ensuring continuous trading activity.

Step 6: Configure Order Levels and Spacing

  1. Set the order distance (percentage spacing between orders).
  2. Adjust the number of order levels (between 10 to 40 levels).
  3. Best crypto trading bot settings:
    • 20 levels (10 up, 10 down) with 1% spacing is a balanced approach for long-term trading.

Step 7: Enable Additional Features (Optional)

  • Trailing Up: Moves your entry price upwards if the market trends higher, ensuring continued profit opportunities.
  • Take Profit: Set a target price or percentage gain where the bot will automatically close and secure profits.

Step 8: Final Review and Start the Bot

  1. Click [Continue] to review your settings.
  2. Double-check all details, including your trading pair, investment amount, price range, and order levels.
  3. If everything looks good, click [Start Bot].

Your LOOP Bot is now live and ready to trade!

Step 9: Monitor and Adjust as Needed

  1. Click on the bot to open the Performance Window. Here, you can track:
    • Total PNL (Profit & Loss)
    • Asset allocation
    • Trade history
    • Number of completed trades
  2. To make changes while the bot is running:
    • Go to [Bot Actions] → [Modify Bot]
    • Adjust settings like Trailing Up or Take Profit
    • Click [Continue] to save changes

Step 10: Stop or Restart the Bot Anytime

If you decide to stop the bot:

  1. Select the bot from your active bots list.
  2. Click the three dots menu → [Stop Bot].
  3. Choose how you want to handle remaining funds:
    • Convert everything to your base currency (e.g., BTC).
    • Convert everything to your quote currency (e.g., USDT).
    • Keep both currencies as they are.
  4. Click [Confirm] to finalize the stop process.

Want to restart the bot later?

  • Go to the [History] tab, find your bot, and click [Restart].
  • Adjust settings if necessary, then click [Start Bot] again!

The LOOP Bot is an excellent choice for traders looking for a hands-off, long-term approach to automated trading. With dual-currency earnings, automatic profit reinvestment, and dynamic level adjustments, it helps maximize your profits while minimizing risk.

 

Common Mistakes and How to Avoid Them

Even though LOOP Bot is designed for long-term profitability and automated trading efficiency, improper setup or mismanagement can lead to suboptimal results. Below, we’ll cover some of the most common mistakes traders make when using LOOP Bot and how to avoid them.

LOOP Bot for Beginners: LOOP Bot Setup Mistakes That Lead to Losses

Mistake 1: Setting an Incorrect Price Range

  • If the selected price range is too narrow, the bot may stop trading if the market moves beyond it.
  • If the range is too wide, the bot may not execute trades efficiently, leading to missed profit opportunities.
    Solution: Choose a range where the price is likely to remain active over time. A well-balanced setup is 20 levels with 1% spacing.

Mistake 2: Using Too Many or Too Few Order Levels

  • Too many levels result in smaller profits per trade and excessive order execution.
  • Too few levels reduce trading frequency, leading to lower profit potential.
    Solution: Stick to Bitsgap’s recommended 20-level setup (10 up, 10 down) for long-term balance.

Mistake 3: Not Enabling Trailing Up When Needed

  • If the market is trending upward and Trailing Up is disabled, the bot misses out on new profit opportunities.
    Solution: Enable Trailing Up in strong uptrends to allow the bot to adjust its trading range dynamically.

Mistake 4: Stopping the Bot Too Early

  • Many traders panic and stop the bot after small losses or short-term market fluctuations.
    Solution: LOOP Bot is designed for long-term trading. Give the bot enough time to execute its strategy and accumulate profits.

How to Set Up LOOP Bot on Bitsgap: A Complete Guide for Beginners

 

Conclusion: LOOP Automated Trading Bot for Crypto

The LOOP Bot is a powerful crypto trading bot for beginners designed to help traders maximize long-term gains while minimizing risk. Unlike traditional bots, it allows users to earn in two currencies simultaneously, automatically reinvest profits for continuous capital growth, and dynamically adjust trading levels for optimal efficiency. By operating within a fixed price range, LOOP Bot provides a stable and predictable strategy, making it an excellent choice for traders looking for consistent performance. With an easy setup process and customizable settings, it suits both beginners and experienced traders. Its hands-free trading approach ensures that users can accumulate assets and optimize their trading strategies without constant manual intervention.

Besides, getting started on Bistgap couldn’t be easier. The interface is super intuitive—no coding knowledge or technical analysis degree required! You can have your first bot up and running in just a few minutes with a few simple clicks. Not sure which strategy to use? No problem! Bitsgap has done the homework for you with their pre-configured strategies that have already been tested on historical data. Of course, if you’re the hands-on type who loves to tinker, you can customize everything to your heart’s content. Adjust those parameters, fine-tune your settings, and make the strategy uniquely yours.

Ready to put your crypto to work while you focus on the things you love? LOOP Bot is waiting to become your new best friend in the trading world. Head over to Bitsgap today, sign up for an account if you don’t already have one, and launch your very first LOOP Bot. Choose from expert-recommended presets or craft your own custom strategy—either way, you’ll be up and running in minutes.