For example, you can deploy a crypto trading bot by connecting your Bybit account to 3Commas via the provided Bybit API keys .
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 moreWhat are DCA bots?
The dollar-cost averaging bot places the first buy order and extra orders if the price goes in the opposite direction of the strategy chosen . For all the buy orders it placed previously, it places only one take profit order.
Read moreHow does 3Commas DCA work?
A DCA strategy is the practice of investing at regular intervals to reduce risk . When you enter the market right away with all the deposits, you run the risk of purchasing highs and wind up at a loss when the price drops.
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