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Market volatility is a common characteristic of cryptocurrencies, moreover, it never closes. Trading cryptocurrencies wisely can bring very high profits, but it also increases the risk of significant losses. Trading bots, unlike humans, only make trades based on the latest data and trends, so emotions and impulses are eliminated from the decision-making process. Most trading bots are profitable and allow users to customize their risk and rewards that suit them as much as possible. They support multiple strategies and integrate social trading to enable the use of free third-party signals. One of the key features of 3commas is its smart trading bots, which use advanced algorithms to analyze market data and execute trades based on predetermined rules.

  • I will always say yes, you can make money with trading bots and it is more likely that you’ll better off than trading on your own strategy.
  • Yes, Hinvest.AI offers a 7-day free trial, allowing you to experience the platform’s features before committing to a subscription.
  • Both platforms offer comparable features, such as allowing users to customize their bot or buy signals from a marketplace.
  • Soon after, 3Commas’ official Twitter handle and CEO/founder also confirmed the hack and stated that it affected 3Commas users’ API keys across all exchanges.
  • However, please note that past performance does not guarantee future results, and trading always involves risks.
  • 3commas is a popular cryptocurrency trading bot that allows users to trade on multiple exchanges through a single interface.
  • The purpose is to benefit from price swings, regardless of the user’s long or short position.

Options are among the hardest financial tools to grasp, yet their potential for exceptional profitability more than makes up for this barrier to entry. It works automatically based on predetermined rules and technical indicators such as MACD, Moving averages, RSI Resistance, etc. Additionally, 3Commas employs multi-factor authentication (MFA) to further enhance security, and it uses bank-grade encryption to protect user data. This means that even if a hacker gains access to a user’s 3Commas account, they would not be able to access the user’s exchange accounts directly. In terms of customer support, they offer email support, live chat, and a help center with a knowledge base and tutorials.


Refers to realized profits that takes place when the bot executes a buy and sell trade and the price moves in the direction that was expected. Our advanced AI-powered bot works across multiple exchanges, including Binance, Bybit, Kucoin,, Bitget, and OKX, and caters to both futures and spot trading. The 3Commas Smart Bot is designed to not only be fast and efficient, but also to stay ahead of the curve by using the latest advancements in artificial intelligence. This allows it to adapt to changing market conditions and remain competitive over time. Smart Bot incorporates decades of trading experience and technical analysis from data scientists.

what is smartbot in trading

However, the “avg. entry price including P&L” considers both your initial investment and any subsequent matched profits. It’s important to have a long-term investment mindset when using the Grid bot. The bot operates based on a strategy that aims to capture small, consistent profits over time, rather than attempting to make large, quick gains.

Supports 8 exchanges

Soon after, 3Commas’ official Twitter handle and CEO/founder also confirmed the hack and stated that it affected 3Commas users’ API keys across all exchanges. CZ suggested that these platforms may have been compromised, but 3Commas denied the allegations and suggested that users may have fallen victim to phishing attacks. They also launched a campaign to raise awareness and educate users about the importance of security measures.

If the bot buys a cryptocurrency at a low price and the price decreases, the profit would be considered unmatched. This fully automated bot is ideal for beginners and those who want to earn money with little effort. In the rapidly evolving world of cryptocurrency trading, opportunities can arise and disappear in mere milliseconds. Recognizing and capitalizing on these opportunities requires a level of speed and precision that is difficult to achieve through manual means.

What is a smart crypto trading bot?

To address this challenge, 3Commas has developed Smart Bot to automatically identify, analyze, and execute trades. In the image below you can see the graph of a betting strategy that uses smartbots. You can also simulate the simple_avg_cross as an example or any strategy you want to create. In path src/application/bots/ there is a notebook called backtesting,
there you can download data, simulate and see a several of statistical ratios. With the help of HodlBot, customers may index the market, design unique portfolios, and have their cryptocurrency portfolios automatically rebalanced. We at Metogence offer you only the best deals, Bots may simultaneously evaluate data from several sources, giving them a more complete picture of the market.

what is smartbot in trading

Create automated crypto newsfeed channels, get charts including indicators and numerous timeframes, obtain coin information on all popular tokens, and more. Set exchange-specific alerts for prices for your favorite coins and tokens. Conclusion, trading bots is profitable if you can use it correctly and patiently, but once you use it the wrong way then your risk will increase significantly.

Smartbots Financial

In the current version of the platform the financial trading functionality is designed to work with brokers that offer the MetaTrader 4 platform, such as Darwinex. Metogence helps you trade effectively since Bots are not affected by human feelings, which can result in superior judgement and more profitable deals. 3Commas is considered to be a safe platform to use, as it employs industry-standard security measures to protect user data and funds. Additionally, some users have reported difficulty reaching customer support at all. Some users have reported quick and helpful responses from the support team, while others have complained about slow response times and unhelpful support.

Please refer to the respective exchange’s guidelines for more information. Sign up today and embark on your journey to success with the best AI Crypto Trading Bot for beginners. Adedamola is a highly resourceful content writer with comprehensive experience in researching and creating simple content that engage and educate the audience. He is interested in improving the marketing results of blockchain and crypto brands through great content. Whether you are unable to physically monitor the markets or simply looking to reduce stress, Smart Bot is the perfect solution for you.

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It uses QFL signals as the primary condition for starting the trade, but it also has a much more developed and improved algorithm to filter the signals and make them more reliable. Metogence is an artificial intelligence company that is dedicated to delivering exceptional service and execution to every client. With 3+ years of experience as a content creator, I love talking about blockchain technology, digital assets, DeFi, Smart Contracts, DApps, Digital Wallets, Metaverse, and NFTs.

what is smartbot in trading