What is 3commas?
3commas is a cryptocurrency trading bot that helps traders maximize cryptocurrency trading profits. 3commas defines a SmartTrading bot.
The platform was launched in 2014 and is based in Miami. Since its release, the platform has managed to attract over 33,000 users and achieve a daily trading volume of $ 10 million. The trading bot currently has strategic partnerships with around 12 exchanges including Coinbase, Coinbase Pro, Binance, Bitfinex and Huobi. These partnerships allow 3Commas trading robots to operate on some of the largest exchanges in the world via the API protocol.
3Commas has incorporated on its platform a variety of tools and unique features to improve the efficiency and profits of its merchants:
– Stop Loss
The stop-loss function allows you to pre-program a percentage of loss, and when that percentage is reached, your bot will automatically sell you crypto. Stopping losses can be very effective and can save you money to lose profits.
– Trailing Stop Loss
The final stop loss function is similar to stop-loss but has additional factors. These factors can include any gain made before the percentage is reached. The final stop loss function automatically adjusts the stop percentage from the purchase price to the highest value point of the day. This ensures you receive the gains made during the day.
– Make a profit
The take profit function automatically sells your crypt once you reach a predetermined percentage of earnings. The system has its advantages but often leads to lost profits.
– Trailing Take Profit
The final take-take function also adds to the equation the trend of the prices of the day during the sale of your crypto. If your bot is set to profit by a certain percentage, this feature will take your profit percentage at the highest point of the trend.
1. Register for an account
The registration process is relatively simple. After entering the website, you will need to provide your email and password to register for an account. You will then be asked to confirm your account by clicking on the link in your email. Once you click on the link, you will be redirected to your account's dashboard.
2. Choose the type of bot
You will have to choose between four types of trading bots, short, short, simple, composite and composite. A simple trading bot uses only one trading pair and is the easiest to set up.
3. Connect to Exchange
In this step, you will need to integrate the 3Commas platform into your exchanges. You will be prompted to click on the Connect button and enter relevant information, such as your API, to exchange your preferences.
4. Smart business
Next, you'll have to create your stop loss and take profit features. The platform manages your cryptographic portfolio in real time on multiple platforms. The smart trade feature simplifies things by blocking profits and keeping losses to a minimum.
5. Automated trading bot
If you have accounts on Binance or Huobi, you can earn extra income with the automated trading bot feature. You will need to specify the percentage of loss or gain that you want your bot to use. In this section, you can actually set up more advanced features, such as trailing stop loss and trailing take profit.
3Commas services include four subscription plans to choose from. The plans range from the beginner to the business level. The plans have the following prices and features:
The plan is priced at $ 29 per month and includes access to the smart trading terminal, unlimited exchange integrations and error and cancellation notifications. It does not include bots.
At $ 49 per month, the Advanced plan has all the functionality of the Starter package as well as access to simple bots, custom TradingView signals (proprietary trading interface) and a portfolio management interface.
The Pro subscription is a $ 99 monthly and includes everything in the Advanced plan plus simple, composite and Bitmex. Complete portfolio management software and access to custom TradingView signals are also included.
The Enterprise level plan is delivered with all robots and custom features on demand. There is no featured price for this subscription as it is customized to each customer, but it is most likely over $ 99.
You can pay your subscription using: Advcash, Crypto via CoinPayments and Yandex.Checkout. Other accepted methods of payment are credit cards, money transfers and even cryptocurrencies.
Commercial robots are fairly recent additions to the encrypted market, but the number of operators using them increases day by day. Whether you like it or not, keeping up with the market requires a little help from the bots, so stay ahead of the game with an innovative trading robot like 3Commas.