Posted 8 months ago | by Ben Armstrong
3Commas is Enabling Users to Easily Automatize Trading
3Commas is one of the world’s leading platforms in the crypto trading bot sector, providing a wide range of smart tools that aim to help users to limit losses and risk exposure. To automate your trading and improve your investment opportunities, make sure to click here.
Making it Easy to Build Automated Trading Bots
3Commas was created as a cryptocurrency trading platform aiming to build automated trading bots for users to take advantage of numerous features, including dollar-cost averaging bots, portfolios, and more.
To date, the platform has attracted more than 33,000 users and achieved more than $10 million in trading volume per day.
3Commas is a good option for crypto traders trying out trading bots for the first time as it is easy and intuitive use, while also providing a variety of tools for investors already familiar with automated trading.
The Platform is also compatible with 22 crypto exchanges including Binance, Bitfinex, Kraken, Coinbase, Poloniex, and Bitstamp, to offer a spot trading interface that adds risk management tools to manual trades.
Reducing Trading Risk with Smart Trade Offers
The Smart Trade of 3Commas offers the same trading interface an online forex brokerage, allowing users to buy and sell pairs of digital currencies by using a few essential risk management tools with Smart Trade.
Besides, users can add take profit and stop loss levels to every trade, which many cryptocurrency exchanges do not allow and are fundamental for new and experienced investors alike.
Trading Bots Are Designed Around Dollar-Cost Averaging
Trading Bots are the most attractive feature of the platform. There are two of three bots that are designed around dollar-cost averaging.
The Gordon bot is a bot that users can program to run in just a few seconds. All they must do is decide how much money to commit to the bot, which exchange to run on, and whatever they wish the Gordon bot to run a conservative, moderate, or aggressive strategy.
The Advanced bot is a more customizable dollar-cost averaging bot allowing users to choose from a variety of trading strategies, including QFL and scalping, or connect a TradingView account to import their custom trading signals. Users can make it a simple, with one currency pair only, or composite bot, with multiple currency pairs, and choose what currency pairs it should monitor.
There are various options for customizing the advanced bot parameters, including setting, take profit, and stop-loss levels, and specifying the minimum daily volume a currency pair must meet before the bot activates.
3Commas Offers Relatively Inexpensive Pricing Options
The platform offers three different plans aimed to fulfill each user’s needs, including Starter, Advanced, and Pro.
- The Starter plan costs $14.50 per month and includes the Smart Trade manual trading terminal, but no automated trading bots.
- The Advanced plan costs $29.50 per month and adds simple bots, which can open trades for only one coin at a time.
- The Pro plan costs $49.50 per month and includes complex bots that allow users to open trades on multiple cryptocurrency pairs rather than only on a single pair.
Pro users are also able to connect to the Bitmex, Binance Futures, ByBit, and FTX exchanges for automated cryptocurrency futures trading.
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