3Commas Review: Profit, Gordon, Grid Pricing & Plans

If the bot wins the token, it will immediately try to sell it to the original bidder at a higher price. Best for those seeking a comprehensive way to manage their crypto portfolio long-term, with social trading. Let’s check out some of the best platforms to buy Bitcoin in Germany for efficient crypto trading. As opposed to many of the other competitors, Gunbot works with a one-time payment instead of a monthly subscription. This tool can inspect up to 10,000 crypto pairs and pick out the coins with the best potential.

The take profit target is set in percentages and has two different types. The first one is a percentage from base trade – meaning, if you put in a 2% take profit level, the bot will close your position once the price is up 2% from the buying price. Go to your exchange to create API keys and copy/paste them into the 3Commas platform .

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Automated trading is supported by a growing number of platforms, but we’ve done the research and presented our favorites below. Best for those comfortable with the command line and typescript who want a trading bot they can code and control. Web scraping, residential proxy, proxy manager, web unlocker, search engine crawler, and all you need to collect web data. Bots react more quickly to the market, so they have a significant advantage over manual trading. Investors use them to take advantage of the crypto market, which never stops all day worldwide.

• While some are predefined by crypto-bot trading platforms, others can be created from scratch.
• Crypto tax software and your trading botA crypto trading bot will in many cases execute more trades than a human could or would.
• Focusing on the positives, as the only integration is done via user API keys, 3Commas does not have access to any login details or personal information that was used when signing up for the exchange.
• The cheapest one is Starter, which costs $19 a month and includes all the features yet limits the number of exchanges to 5 and the number of portfolios to 3.

Image via ShrimpyThis is done by the features of automated trading and portfolio tracking. You can set up Shrimpy to automatically rebalance your portfolio along with dollar-cost averaging into a certain crypto. This is something that many long-term investors do and in crypto, it can be quite time-consuming to rebalance your portfolio when altcoins can soar hundreds of percent in one week.

The bots are able to trade 24/7 and there are tools to scan multiple charts, searching and executing trade setups on a trader’s behalf. Another tool that Shrimpy offers which can work great for the lazy investor is copy trading. Shrimpy has a socials page where you can track both people and popular funds. You can even set it up so that you automatically copy the trades they do. This allows you to kick back and relax while others do the work.

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As the process is automated, traders can implement crypto robots to capitalize on trading opportunities while away from the screens. Access to all of Shrimpy’s features requires a paid subscription which is the only negative. Subscription tiers start with the $19/month Starter tier, which includes 5 cryptocurrency exchange connections, 5 portfolios per exchange account, and a 15 min refresh time.

Her 3commas rebalancing bot spree began later in 2021, and she has never looked back since. When she’s not obsessively researching crypto space, she harnesses her superpower of holding an entire novel in her head, or a series, or multiple creative projects at once. She struggles to remember if she ordered a latte or a cappuccino, though. Crypto bots are susceptible to making losses during periods of high volatility. Hence, in such cases, you need skills and knowledge to monitor the market and set up your bot to avoid making losses.

At the time of writing, 3Commas also boasts a huge community where traders help each other. This not only sets the platform apart from other automatic trading bots, but also provides users with an additional support mechanism. Although 3Commas has only been around for a couple of years, it has already managed to gain a certain level of popularity in the cryptocurrency sector. Today, any review or discussion of the most popular cryptocurrency trading bots does not go without mentioning 3Commas. Shrimpy is focused on total, long-term portfolio management with social trading. In addition to enabling automatic trading, portfolio rebalancing, and cross exchange performance monitoring, Shrimpy also connects users with a unique social feature.

To be profitable you’ll have to constantly tweak your strategy and actively follow what’s going on. Don’t get me wrong it’s not like you have to sit and stare at a screen 10 hours a day, but you have to be alert. Similarly, traders on 3Commas should be experienced at picking the right kind of crypto bot for the right trading pair at the right time. The trader would still need to research the market and monitor the bots to ensure that settings still fit market conditions.

As mentioned, the https://www.beaxy.com/ can decide to create a new protective order for every 1% drop against your position. However, you need to specify how many times the bot should do this. For example, if you set the number 4, the bot will place a new protective position when the price falls by 1%, 2%, 3% and 4%.

However, this bot only works in the cryptocurrency futures market. Instead of buying high and selling low within a predefined range, the Infinity Grid continually buys and sells regardless of the market price. In addition, the Infinity Grid executes orders as a percentage of the overall capital, rather than a fixed number. -This is largely dependent on what you are trying to achieve with the trading bot.

Smart trading terminals with the ultimate feature set

Further, a new built-in tool that lets you select currencies with just a straightforward click instantly. Moreover, this is beneficial when the price of cryptocurrencies fluctuates wildly and unfavorably. With a couple of clicks, you can set up ETC your account, connect to Binance, and earn returns. The primary advantage of using SMARD is that the strategy automatically identifies and invests in crypto pairs with a probability of maximum returns.

The backtesting feature lets you test your configuration using historical data. In the backtest tab you will see a summary of the backtested configuration with the ROI and Profit/loss. The platform is great to use for both beginners and professionals.

SmartTrade and Terminal enable you to set your trades in advanced based on triggers you specify. It has a blazing-fast backtesting module, paper trading, and supports cloud-based live trading. One of the great things about Cornix is that it’s very easy to use, even if you’re not an experienced trader.

Before you do that, it’s worth looking at the “Recommended Pairs” tab. This lists suitable trading pairs, taking into account the market conditions you specify below. Gordon-bots use a special trading strategy, which is pretty well known in the crypto community as “QFL”. QFL strategy is designed for long positions only (i.e. buy low and sell high). As we mentioned in the previous section, 3Commas allows you to execute trades on multiple exchange platforms through LINK a single hub.

For active 3commas rebalancing bot, bots can take a huge burden off their shoulders. Instead of having to stare at 10 different screens at the same time to find what you’re looking for, you can just have one laptop and let the bot do the searching. If you have the bot set to do exactly the same thing you would do then what’s the difference if you do it or if you let the bot do it?

This makes it much easier and faster to trade than manually placing orders, and can help you take advantage of market conditions that you may not have otherwise been able to capitalize on. The trading bot configuration process is made easy as each set has a small tooltip to help. All the general settings are the same but the strategy settings differ. You can directly view your balances and check the markets while configuring your bot. 3commas is an automated crypto-trading platform where crypto bots trade for you.