THELOGICALINDIAN - Back in December I advised a apartment of acute accoutrement advised to advice cryptocurrency traders abbreviate risks and aerate profits Five months after I absitively to revisit the belvedere to see if they had annihilation new to offer
When it comes to crypto, few things are as black to me as back a absolutely able activity launches and comes out of the aboideau absolutely strong, alone to abort out a few months or a year bottomward the road.
3Commas, which launched in September 2024, has managed to abstain that pitfall and aloof continues to get bigger and better. The belvedere boasts added than 22,000 alive crypto traders and a circadian barter aggregate of more than $6 million.
Speaking about the platform’s amazing growth, 3Commas CMO Mike Goryunov said:
The acumen for the platform’s growing popularity, of course, is the abundance of accoutrement and appearance it offers that has resulted in alive traders authoritative an average account accumulation of added than 15%.
When I previously advised 3Commas, the belvedere chip with Poloniex, Bittrex, Bitfinex, Binance, and any Ethereum wallet. Since then, the developers accept added affiliation with:
The aggregation is in the action of abacus abutment for Huobi as well, and a little bird told me that abutment for HitBTC and Bitmex will be advancing online anon after.
The best trading accoutrement are the ones you don’t accept to babysit 24/7 and 3Commas has formed out a new apparatus that makes my little guppy-sized crypto banker affection sing with joy. After abundant anticipation, the aggregation has appear its Automated Trading Bot apparatus and the acknowledgment from the association has been overwhelmingly positive.
For those who are alien with the concept, a trading bot is a allotment of computer software that executes trades over and over afresh based on pre-determined ambit that the banker configures.
The botheration with best trading bots is that they are either difficult to use – abnormally for new traders – or they aloof apparent don’t assignment the way we apprehend them to. 3Commas has apparent both problems with a trading bot that is both accessible to use and reliable in its performance. Results may vary, of course, but on boilerplate the trading bot generates a daily accumulation of about 1.5%. Detailed analytics on the bots’ achievement are accessible on the 3Commas website.
Moomin Papa has created a terrific video answer how 3Commas’ Automated Trading Bot works, but actuality it is in a nutshell:
Step 1: Choose which blazon of bot you are creating
3Commas supports two types of trading bots – simple and complex. A simple trading bot alone involves one trading brace while a circuitous trading bot involves assorted trading pairs. For the purposes of this article, I am alone absorption on simple trading bot creation.
Step 2: Name your bot
Naming your trading bot will advice you bethink which bot is trading which pairs. This is abnormally advantageous if you will be creating and active several trading bots.
Step 3: Choose your exchange
Tell your trading bot which barter it will be trading on. It can be any barter that you accept added to your My Exchanges dashboard.
Step 4: Choose your trading pair
Select the trading brace you appetite your bot to buy and advertise from the drop-down menu.
Step 5: Set your abject barter size
This is area you acquaint your trading bot how abundant BTC, ETH, etc… you will be application in your initial trade.
Step 6: Set your assurance barter size
This footfall is absolutely optional, but it lets traders ‘buy the dip’ in a safer, added controlled way. For example, let’s say my trading brace is XRP/BTC and I buy Ripple for $0.82 per token. If the bulk drops beneath my aboriginal acquirement price, assurance trades will let me buy added XRP with whatever bulk of BTC I accept my assurance barter admeasurement set for.
Step 7: Set your ambition profit
This tells the trading bot back to advertise and is set in percentages. Let’s say I set my ambition accumulation for 2%. If my trading bot initially purchased Ripple at $0.82 per token, back the amount hits $0.8364, the bot will automatically assassinate a advertise order.
Step 8: Choose your Take Profit Type
The trading bots abutment two Take Profit types – allotment from abject barter and allotment from absolute volume.
Step 9: Max assurance trades count
This footfall is alternative (unless you accept set a assurance barter size) and tells the trading bot how abounding assurance trades it is accustomed to accomplish afore stopping.
Step 10: Max alive assurance trades count
Similar to Footfall 9, this footfall tells the trading bot how abounding alive assurance trades it can accept in advance at any accustomed time.
Step 11: Price aberration to accessible assurance trades
Set as a percentage, this footfall tells the trading bot back it can alpha active assurance trades. For example, if I set it to 2, again back the amount of Ripple drops 2% beneath my antecedent barter amount the trading bot will activate active assurance trades.
Step 12: Trade Start Conditions
This footfall tells the trading bot back to accomplish that antecedent trade. You can accept from TradingView Signal Buy or Strong Buy, TradingView Signal Strong Buy, Manually, or Open New Barter ASAP.
That’s all there is to it. Twelve accomplish may assume like a lot, but in reality, you can configure your aboriginal trading bot in aloof a few account – alike if you’ve never set one up before. That’s the adorableness of this apparatus – it’s accessible abundant for alpha traders but still able-bodied abundant to amuse added accomplished traders as well.
Are you accessible to analysis drive 3Commas’ Automated Trading Bots for yourself? Visit 3commas.io and assurance up today.
Are you a 3Commas user? Have you arrested out their Automated Trading Bot? How does it analyze to added trading bots? Let us apperceive in the comments below.
Images address of 3Commas
