Categories: CryptoNews

3Commas brings Smart Trading tools and Custom Portfolios to Crypto Traders is a cryptocurrency tool that allows for Trailing Stop Loss and Trailing Profit Take. It allows traders to make the best on a trade without worrying about volatile traders ruining their experience. Custom portfolios are also available for analyzation and investment.

Disclosure: This is a Sponsored Article

3commas connects to your exchange’s API so that it only has access to that exchange’s trading information and not withdrawal information. Right now, 3commas is compatible with Poloniex, Bittrex, and Bitfinex exchanges. 3commas encourages smart trading which is the implementation of Trailing Stop Loss or Trailing Take Profits simultaneously or apart from each other.

Trailing Stop Loss is when you set a percentage stop loss on a coin amount so that when it stops climbing you are able to reap the maximum profits. For instance, you set a Trailing Stop Loss on Bitcoin at 10% on 1 BTC. Your Bitcoin would sell if it went down 10%. However if it went up to 15%, then the stop loss would take effect at 5% gain.

Trailing Take Profit happens when a trader wants to sell at the highest part of a trend. It sells at a percentage from its highest value. Let’s say you bought one EOS at $4, and you want to catch a peak from the day’s trading. You can set a trailing take profit of 10%. If it goes up to $11 and drops past 10% of that figure, your profit will be $9.90.

3commas also has a unique user based option for custom portfolios. Users build portfolios based on tokens and coins that they think will make a growing portfolio by using the ”Analyze New Portfolio“ option. These portfolios are publishable to a list of other portfolios that are composed of other ratios of coins.

Other users may choose to analyze or add these portfolios at will by clicking “Apply”. By joining the portfolio, you allocate an amount of your funds into the portfolio’s ratio. Traders can think of these portfolios as a type of ETF or fund. You may sell the fund, but not on a coin by coin basis.

3commas is currently developing more features for traders to use on their respective exchanges, and creating apps for iOS and desktop trades as well.


The writer of this post is a guest. Opinions in the article are solely of the writer and do not reflect The Merkle's view.

Recent Posts

ChainXchange Day 2: Thomas Lee, Paul Krugman Discuss Bitcoin Longevity

The second day of Las Vegas Blockchain Week and the ChainXchange blockchain convention has concluded. Today's activities included discussions and…

6 hours ago

What Is Mainframe Cryptocurrency?

It is hard to ascertain whether the digital age was born out of the internet or vice versa. One thing…

14 hours ago

Bitcoin Price Watch: Currency Briefly Falls Below the $6,000 Mark Before Recovering

At press time, the father of cryptocurrency is trading for just over $6,000. This is about $200 less than where…

17 hours ago

Commonwealth Bank of Australia Partners With World Bank to Issue First-Ever Blockchain Bond

The Commonwealth Bank of Australia (CBA) has been mandated by the World Bank to issue the world’s first bond created,…

18 hours ago

FinCEN Receives More Than 1,500 Crypto-Related Complaints Every Month

The US Financial Crimes Enforcement Network receives over 1,500 suspicious activity reports (SARs) related to cryptocurrencies, the agency’s director has…

19 hours ago

The Allure of Blockchain Betting, and Why It’s Only Getting Bigger

Betting has existed for centuries, with the allure of making money combined with the thrill of testing one’s ability to…

20 hours ago