3Commas crypto trading bots: how do they work?

[jonsmaradona]

3Commas automatic trading bots are, by far, the pivotal feature of this platform. They consist of three different types of bots including DCA bots (dollar-cost average), a trading grid bot, and an options trading bot. All of these require a different 3Commas bot configuration, which we will cover in detail further down this 3commas trading bot review.


In essence, the 3commas bot, regardless of its type, opens and closes trades automatically. But how do 3Commas bots choose to buy something? Simply put, the 3commas bot will open trades once certain conditions set up by the user are met. When profits reach their target threshold, the bot will sell the assets and increase your portfolio value.


Many ask themselves – can you lose money with 3Commas bots? The answer is a resounding YES! Even the best crypto bot strategy isn’t flawless and you should always set up stop losses to reduce risks.


On that note, let’s continue this 3Commas review, by examining your options on how to setup 3Commas bots effectively.

[donaldrsimonn]

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