3 Commas – What Are the Key Features of 3Commas?
While the feature list of 3 Commas is exhaustive, there are also a few things to keep in mind. Beginners may not need complex pieces of script, but advanced users should consider the number of options they need. 3Commas aims to balance ease of use with features that will appeal to experts. For those who want a streamlined experience, it is worth noting that you can customize the scripts or incorporate code created by others.
Trading signals marketplace
Trading signals are triggers for actions based on analysis. Signal sellers in the 3Commas trading signals marketplace offer their own signal products. Some sell signals for free while others charge a fee. Signal providers also offer strategy information and TP and SL settings to help users get the most out of their signals. To buy signals, follow the links to the seller’s page and read the descriptions carefully. Then, use these signals to trade successfully.
Smart Trade mechanism
A key feature of the 3 commas Smart Trade mechanism is the ability to add comments or notes to your trading strategy. It can also track interest in your position and change its stop-loss level as the price moves toward the desired target. This allows you to follow the price movement until it reaches its top and take profit when the market has reached its full potential. This can be very helpful for beginning traders who want to try their hand at the stock market before they invest real money.
Trading school
The trading school with 3 commas comes with all the courses you need to succeed in trading. The courses cover crypto basics, trading strategies, indicators, and even how to build a trading bot. You can also execute trades with the use of simulated trading platforms. 3Commas also offers paper trading which is a great way to test your strategies and learn by doing in simulated market conditions. The community also has an active learning community where you can learn at your own pace.
Copying other traders’ portfolios
Copying other traders’ portfolios can be beneficial if you don’t have time to manually enter and exit trades. Most traders don’t understand algorithms, signals, and indicators and the average investor doesn’t have the time to analyze complex trading strategies. Advanced traders may want to copy other traders’ portfolios to reduce their time-intensive efforts. However, too many copy traders will lessen the effectiveness of the strategy.
Free trial
The Free trial with 3 Commas offers almost all of the features available on the full plan. However, this plan does not include TradingView pricing signals, which are necessary for automated bots. You can only use the free plan for the equivalent of $750 of cryptocurrency at a time. This plan also includes cancellation and error notifications. This plan is only for new users. It is not intended for professional traders. However, it is still worth checking out.
Tools
If you’re looking for a comprehensive and easy-to-use tool that will help you win more trades, you’ve come to the right place. 3Commas is an all-in-one trading bot that integrates with most exchanges and offers the functions you need. The tool eliminates the risk of moving assets. You can simply set a percentage and 3Commas will automatically execute trades accordingly.