If the price runs through all the buy orders they exit the trade with a profit. This could be done all at once or via a sell grid starting a target level. If the price action is choppy it could trigger buy orders above the set price and sell orders below the set price , resulting in a loss.
Read moreWhat does quantity per grid mean?
The price that bot will stop loss and cancel the bot. Grid quantity: There’s a limitation in the number of grid, you can’t set it below 2 and above 99. Quantity per Grid: The amount for each order in the bot .
Read moreHow does the 3Commas bot work?
The GRID bot is 3Commas’ newest bot, and it works by dividing a technical price chart into slices . Each slice, which covers a range of prices, is assigned a buy or sell signal. When the currency price crosses into a new slice, the bot will automatically buy or sell based on the signal assigned to that slice.
Read moreIs 3Commas bot good?
3Commas is relatively intuitive to use, making it a good option for crypto traders trying out trading bots for the first time . In addition, 3Commas works with most major cryptocurrency exchanges and offers a spot trading interface that adds risk management tools to manual trades.
Read moreWhat is Grid bot in 3Commas?
GRID bot divides the investment amount in the bot between the left and right side of the selected pair and sets up a limit buy and sell order grid within the channel . Once the price reaches a buy or sell line it will automatically perform the trade on your behalf.
Read moreIs 3Commas bot profitable?
How much profit can 3Commas automated crypto bots make? An average profit of around 15% per month is about 160% per year . Yes, it’s not 1000%, but it’s a VERY GOOD stable profit. If you are not a professional trader – crypto-bots are a great opportunity to create passive income.
Read moreHow does a grid bot work?
Grid Trading Bot is a trading bot that assists you in carrying out the Grid Trading Strategy. It enables you to place a series of purchase and sell orders within a given price range . When a sell order is fully executed, the bot instantly places another purchase order at a lower grid level, and vice versa.
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