It is a dollar-cost averaging (DCA) investment strategy which allows users to choose the cryptocurrency they want to purchase, the amount they want to buy, and how often they would like to buy.
Read moreWhat is DCA crypto bot?
Strategy Explained The dollar cost averaging bot places the first buy order, and extra orders if the price goes into the opposite direction of the strategy chosen . For all the buy orders previously places only one take profit order is placed.
Read moreWhat is the difference between DCA bot and grid bot?
The difference between the two trading bots is as follows: DCA bot places one take-profit for all orders. Grid bot places take-profits for every order separately . DCA bot reduces the risk of purchasing high by investing at consistent intervals.
Read moreHow does 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 is DCA bot?
Strategy Explained The dollar cost averaging bot places the first buy order, and extra orders if the price goes into the opposite direction of the strategy chosen. For all the buy orders previously places only one take profit order is placed.
Read moreAre 3Commas bots 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 moreWhat is DCA bot in 3Commas?
A DCA (or “Dollar Cost Averaging”) strategy is the practice of investing into a currency at preset intervals to reduce the entry price of a position over time and mitigate volatility risk .
Read more