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What are the recommended 3commas bot settings for altcoin trading?

avatarSahil SinghDec 28, 2021 · 3 years ago3 answers

I'm interested in using the 3commas bot for altcoin trading, but I'm not sure what settings to use. Can you provide some recommendations on the best settings for the bot?

What are the recommended 3commas bot settings for altcoin trading?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    As an expert in altcoin trading, I recommend using the 3commas bot with the following settings: set a stop loss at 3% below the buy price, set a take profit at 5% above the buy price, and use a trailing stop loss of 2%. These settings will help you maximize your profits while minimizing your losses. Happy trading!
  • avatarDec 28, 2021 · 3 years ago
    When it comes to 3commas bot settings for altcoin trading, it really depends on your risk tolerance and trading strategy. However, a common recommendation is to set a stop loss at around 3-5% below the buy price and a take profit at around 5-10% above the buy price. Additionally, using a trailing stop loss can help you lock in profits as the price moves in your favor. Experiment with different settings and find what works best for you.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, suggests using the 3commas bot with the following settings for altcoin trading: set a stop loss at 2% below the buy price, set a take profit at 4% above the buy price, and use a trailing stop loss of 1%. These settings have been proven to be effective in maximizing profits and minimizing losses. Give it a try and see how it works for you!