3 comma's crypto trading bot

3 comma Bot Section

I've got into bots recently as I'm sick of holding. I wanted my crypto that I was holding to work a bit harder and make me some btc so I started looking up github for some free ones. Tried a few but the free ones involved changing code. I decided to look at some bot companies that would charge a monthly fee to use their platform and I came across 3 comma.

I used to be handy at trading currencies but I don't have time to be by a computer all day waiting for signals. All I needed was a bot that had an a.p.i linked to good old binance to be set up and buy when there was a buy signal and sell at 1% margins. If the price fell , the bot would buy at the lower price and would use an average down technique that is popular in trading. You would still come out with a profit but you move the goalposts slightly so to speak. You could also set up stop loss's etc. I would begin using their simple bot which was a long on one pair. I began with EOS/BTC as EOS was doing well at the time. The great thing about 3 comma is that you can look at the deals that other users have made and what pairs were trending . If you look at the right hand side of diagram below you can see today's best pairs BTC_ADA hit 1107 times.

Bot Analytics page

Does it Work?

Yes it really does but bitcoin needs to be ranging or increasing. I made 40 deals (hit my target % ) in 1 day with EOS. This paid for my bot for the month and put me in profit by 100 quid. This was the first day. I added VEN , WAN and WTC to my bots and I was making money. BUT and this is a major BUT.......... say the market falls not just by 5% but by 20% . If the arse falls out of the market which it is known to do on a regular basis then either two things can happen. One happened to me below with Ardor. I don't care though , I am in Ardor for the long haul. So I don't want to set up a stop loss. Main reason is that i want to keep my bag of Ardor. If I did set up a stop loss and Ardor kept dropping then I would lose alot of Ardor. So not my Ardor is -30% down so there is no chance for the bot to hit target rendering my bot useless unless there is a major surge in ARDR.

Should I sell or should I hold?? deh de deh de de de de

Now if I sell I lose a shit load of ARDR. Maybe about 200 quid. But the bot will kick in again and start making the money again. Those $2.56 happen around 5-6 times a day. But will it get me back on track eventually. Hardly likely as bitcoin is not out of the woods yet.

There are 3 different accounts on 3 comma. Simple, advanced and pro. Pro is 100 quid. You have access to composite bots which buy anything not only in pairs but any way you want to.
The advanced one os what I got for $42 a month. You could make it back in a morning.
The simple one is $28 but they charge a 50% commission on each trade.

Trade setup example.

The top trade of the day is below. BTC-THETA. So this person set up a trade of 0.0013 btc. If the coin decreased a safety trade buy would kick in which is also 0.0013(lots of experts think the safety trade should be twice the base trade by the way ). The target profit is .20%. This is relatively common. Anything over 0.75% return is considered greedy. Bots take advantage of the peaks and troughs. Little and often as they say. On the bot below they guy has 24 safety trades. If the coin drops by 0.7% then a safety trade kicks in. This happens 24 times. At the start you laughed. 0.0013btc. Thats a small amount. So multiply it by 24 times plus the base trade and your total comes to 0.035 bitcoin which equates to €222. All of a sudden these little targets need a big investment. Some experts claim the averaging down is just tying up capital. But it is considered a solid trading technique to protect against risk.

In Summary.

The social side of the bot section of 3 comma is great. I made lots of cash from just following what the others did. I'm no expert in setting up Fibonacci stop losses etc so I studied a few of the good traders and seen how they set their bots up and it was a great way of learning as I showed you above. Now I am currently at a loss with Ardor but the bot earned its keep the month previous and that was in a bear market. When a bull run hits, I am very excited about this bot. I cannot wait because I will be heavily investing some more of my bags. The good part is that the funds are all still in binance. The bot just does the work for me. Its a thumbs up from me. Don't normally do this but here's a referral if you wanna get 10% off your first month. https://3commas.io/?c=tc38784