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 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 free?
3Commas offers 4 tiers of service: Free, Starter, Advanced and Pro . The free plan includes the following features: Manual buying and selling on 23 cryptocurrency exchanges. Ability to view and copy trade bots.
Read moreIs 3Commas a broker?
Binance’s partner brokers , such as 3Commas, are becoming important parts of the Binance ecosystem amid our ongoing evolution as an open platform.
Read moreDoes 3Commas have an app?
3Commas is more than just a Bitcoin app . It’s an all-in-one trading platform and the ultimate crypto app that can act as your Swiss army knife of trading tools on one platform. Connect your favorite crypto markets using API keys.
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