DCA Bot: Start your first bot and with safety orders on 3Commas - YouTube

Channel: 3小ommas

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hey guys it's me muno papa and let's
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talk about three commas bots for just a
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second
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specifically the dca bots on three
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commas
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these spots are powerful i use them all
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the time i teach them in my courses they
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are incredible and they do the work for
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you
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why you're not in your computer while
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you're off working while you're
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on vacation while you're with your
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family these bots are powerful when you
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know how to set them up
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before i go any further into bots if you
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haven't watched our video on smart trade
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yet
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watch it here it's going to pop out and
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then go ahead and click that link
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and bookmark it or save it to watch
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after this video because the smart trade
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terminal on three commas
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is just as powerful as the dca bots are
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there are two different dca bots
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available on
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three commas one is the simple bot and
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the other is a composite bot
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the easiest explanation is that a simple
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bot can only open up one
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deal or one trade at a time whereas a
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composite bot
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can hold many trading pairs at once
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or even open up multiple trading
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multiple deals for the same trading pair
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let's take a look at the interface
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when i click on dca bot it's going to
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show me a list of all the different bots
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i have
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running this statistics page is great
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because i can see the general
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and overall profit of not just my entire
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account over time
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but i can also see the profit per day
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and i can also
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show off my biggest day so far which was
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a very
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very nice day i can also see my most
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profitable pairs
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and my least profitable pairs like this
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one
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down here there are all of the different
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exchanges that i have connected that i
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have created bots for
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and in this section i can edit or view
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my bots let's take a look at one of my
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bots
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this bot is for my 3x signals available
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in the bot marketplace which i'll show
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you later
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when you click the eye icon you get a
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quick overview of your bot's
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settings its performance how much is in
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active positions and the overall profit
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as well as a log of deals and actions
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that the bot has done
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if i click edit then i'm going to learn
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more about how this bot is constructed
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you'll note right away that this is a
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composite bot
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because it's a composite bot it can hold
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multiple trading pairs
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and even have simultaneous deals working
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there are tons of different things to
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configure
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in the dca bots choosing a strategy like
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long to short
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taking profit in either the quote
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currency or the base currency
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choosing if you want to use trailing a
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stop loss safety orders
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there's also this really handy assistant
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window on the right hand side
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there's also a chart to show you how
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your funds are being used as you add
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safety trades as well as a table
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to give you a more granular look and
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feel to see
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how your bot will perform when it
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receives
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a deal and speaking of deals and what
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triggers them
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there are lots of deal start conditions
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here for this bot
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my start conditions are just my 3x
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signals
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trading view custom signals which are
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trading view alerts
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that tell 3 comma's bots to start an
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action
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or to stop an action or manually
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or through the 3 commas api let's take a
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look at some closed deals to help you
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understand
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how dca bots work so here we are looking
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at the ftx account that has all of my
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bull and bear pairs
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when i click on this hyperlink it shows
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me the chart
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that i was trading on or rather the bot
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was trading on
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one useful thing about this is that i
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can see how the bot performed
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here's the initial entry position and
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now these other buys are showing
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where additional safety trades were
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placed as well as
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where profit was taken right here on the
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s
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by using dca or dollar cost averaging
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buying more at a lower price you can
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actually make
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more profit and make a whole lot more
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money
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on a downtrend as long as you know how
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to use dca strategies
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here on the three commas marketplace you
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can find signals for
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any available exchange on three commas
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exchanges like binance binance futures
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will be buybit ok x
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and ftx you can also sort between
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free and paid signals
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let's check out my top 10 signals on
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three commas to see how they've been
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performing
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when you subscribe to signals on three
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commas
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you will get a lot of information on the
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marketplace page
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sometimes people will include links for
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composite bots for you to easily copy
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and apply the settings to your account
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you'll also get information about the
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signals and how to contact the author of
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the signals
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as well as being able to view the
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success
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and profit rate of people following
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these signals
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told you 3 commas dca bots are powerful
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and the addition of the marketplace
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opens up so many more possibilities for
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you to find signals from other providers
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including myself if you're ready to
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start learning more about three commas
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dca bots
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i highly recommend my course 15 minutes
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to financial freedom
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you can get this course directly from
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three commas in the three comments
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academy link on the left hand side
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click that check out 15 minutes
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financial freedom
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and get ready to improve your bot
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trading game with that course until next
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time stay awesome and stay in the green
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[Music]
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peace