DCA (or Dollar Cost Averaging ) is a technique that’s used either to average your buying price or as the “Martingale technique”, which you use when a position is in a deep loss.
Read moreWhat is 3Commas?
3Commas is a cryptocurrency trading platform with the goal of helping users build automated trading bots . This platform works with most major cryptocurrency exchanges and includes features such as dollar-cost averaging bots, portfolios, and more.
Read moreIs Binance a broker dealer?
Binance Broker Program enables enterprise clients to build their business with Binance technology while earning commission from trading fees by leveraging Binance’s liquidity and market depth . Instantly deliver top-rated crypto broker services to your customers with an easy to use plug and play API.
Read moreIs 3Commas an exchange?
In its most basic form, 3Commas is an online platform that allows everyday traders to utilize the benefits of automated trading bots. … In total, you can link your trading bot with 13 leading cryptocurrency exchanges, which includes the likes of Binance, KuCoin, BitFinex, Coinbase Pro, and BitMEX.
Read moreHow do 3Commas bots 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 moreWhat are short bots?
Short Bots activate when prices fall . They are not actually “shorting”, but leverage the principle of selling a token at a high price and buy it back at a lower price. This way profits are secured while maintaining the initial amount of tokens.
Read moreDoes 3Commas work with Bybit?
For example, you can deploy a crypto trading bot by connecting your Bybit account to 3Commas via the provided Bybit API keys .
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