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 does a grid bot do?
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.
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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