Let's try 3commas' crypto trading bot

Recently, I read a lot about 3commas.io a lot in forums, and I always ignored the discussion because I thought it was referring to “comma.ai three”, the car autopilot interface founded by Geohot, the infamous PS3 hacker.

Finally, I realized that after all, discussing about an automated driving device on bitcoin forums wouldn’t make sense, so I read more about it.

3commas is an automated trading bot for cryptocurrency pairs! And best of all, it has a free plan, as probably will get commissions from the exchanges partnership deals.

So, I signed up and it asks me to connect an exchange. If I sign up with FTX using their referral, I would get PRO features, but I could connect another exchange.

I like this approach a lot, because I totally hate signing up to an exchange, because due to KYC regulations they need to ask too many personal data.

Once linked your exchange with the API keys, you can choose which algorithm

For now, I’ll avoid marketplace unless I know how it works. When I tried something like that on zulutrade, the signals were compensated based on the number and the volume of the followers, so they were just spamming a lot of trades.

I am trying the grid bot.

I will try it on the BTC/EUR pair as I don’t have enough liquidity (I start small!) on the ETH/EUR pair

As you can see it will buy when cheap and sell when expensive. But it won’t work here! The profit will be lower than the fees! Need to invest more or trade on something with more volatility.

So, I will try 1INCH, a shitcoin that in January was worth around $6 but now is crashed and is raising back.

It created those orders:

Let’s see what will happen in the next days.