Using a 3commas grid bot can make grid trading more convenient and profitable. Users simply choose a coin, decide the initial investment amount, and specify the price range for a purchase. The bot places the order based on the entered prices. The system also features a simple onboarding process. After creating an account, users connect their exchange, and choose from either an AI bot or manual bot mode. The robot will then run the selected strategy.
The 3Commas Grid Bot offers many benefits. First of all, it can be customised to meet your specific trading needs. Secondly, you can set a target for the investment and stop the bot when it achieves the target. This feature is particularly useful if you have no previous trading experience. Lastly, the 3Commas Grid Bot can also be linked to existing portfolios from exchanges, allowing you to monitor your profits as you trade.
The company was founded in 2017, with offices in Estonia and Canada. There are monthly subscription plans that cost $14.5/$24.5/$49.5, respectively. The company boasts positive customer reviews on a trusted third-party platform, as well as an automated trading terminal and over 1500 crypto assets. In addition, the bot can analyze a range of seven-day price volatility. Lastly, the 3commas grid bot can be used for copy trading.
The latest version of 3Commas includes an improved interface. GRID bots are now compatible with the Gemini exchange. The app also lets you edit the settings of any Grid bot, including account balances. It also features new swap terminals, native trading views for the OKX exchange, and reserve amounts for active Grid bots. Furthermore, the 3Commas iOS app has enhanced features such as the ability to edit and close SmartTrades.
Using a 3Commas Grid bot on MT4/5 exchanges is a safe and effective way to trade in crypto currencies. The bot automatically places a series of buy and sell orders when the price fluctuates within a set price range. When a price moves in the opposite direction, the bot places additional buy orders. Alternatively, the DCA bot places a single TP order on all buy orders.
The GRID bot works in both short-term and long-term trading. Unlike traditional trading markets, the crypto industry does not follow the same rules. It is also important to know that grid bots can work in ranges and sideways markets. In addition to this, traders should also check the backtesting features of the 3commas grid bot. There are plenty of scams out there so it is essential to research carefully before investing your money.