Categories: CryptoNews

3Commas brings Smart Trading tools and Custom Portfolios to Crypto Traders

3commas.io 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.

Related Post

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.

Guest

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.

Share
Published by
Guest
Tags: 3commas

Recent Posts

Qubetics and SWFT Blockchain Join Forces – The Best Crypto Presale Just Levelled Up Amid Bitcoin’s Institutional Surge and Litecoin’s 22% Rebound

What drives the relentless pursuit of innovation in blockchain? From groundbreaking technology to record-breaking investments,…

1 hour ago

BDAG’s Keynote 3 Hyped, XRP Climbs & XLM Outlook Bright

XRP Seeks Record High & XLM Eyes $2 – BlockDAG’s Forthcoming Keynote 3 Sports a…

2 hours ago

ZT Mining Revolutionizes Cloud Mining With Cutting-Edge Security And Profitable Affiliate Program

ZT Mining has been in the industry for the last five years and has significantly…

3 hours ago

Filecoin, FET and Lunex Network Are Expected to Disrupt the DeFi Space In 2025

While meme coins have dominated the cycle so far, recent trends suggest that utility gems…

3 hours ago

Exploring the Best Decentralized Crypto Wallets of 2025

Top Decentralized Crypto Wallets for 2025 Offering Full Control & High Earnings  In light of…

3 hours ago