• Step 4: Save settings and start the bot.

For other subscription users:
– Choose the ‘Simple’ bot option.
– Enter the same settings as given for the composite bot in the relevant fields. Also, we provide the values below.

As the next step, we will walk you through the process of creating “Long” and “Short” bots for each coin in the provided coin list. As a 3commas.io Simple bot user (Currently, composite bots on 3comas are only supported on ‘Binance Future’ and ‘Okx Futures’ exchanges. So ByBit exchange users need to build simple bots themselves.), it’s important to include all coins from the list in your trading strategy. By following this step-by-step guide, you’ll be able to create two bots for each coin, optimizing your trading opportunities. Let’s get started!

Read the blog till the end to understand the values of ‘Bot’ settings and what to look out for while setting its parameters. Each section is described separately.

• Name: You can give the ‘Bot’ any name you like. The name you enter will help you understand the bots.
• Exchange: Select Your Binance, Okex, or Bybit future account. The bot will do trading on the selected exchange account

• • Active Deal: You can modify the Deal with your affordable funds.
  • Profit currency: ‘Quote’.
  • Safety order size: Use the same or double amount of Base order size for a safety order.
  • Start order type (With a market order, the bot starts new deals instantly at current rates. Use caution on coins with low liquidity as it might lead to high buy prices.
    With a limit order, the bot places the base order into the exchange order book and waits for it to fill. If it doesn’t fill after some time, the bot moves it higher. It might drastically increase deals’ start time on fast price moves.): We recommend choosing the limit order type.
  • Leverage: You can decide the types and values of leverage.

• • – Target profit percentage (How much profit the buyer should make from each deal. All exchange fees are included automatically) TP: 2%.
  • – Take profit type: Percentage from the total volume
  • – Trailing deviation: 0.2

• • Price deviation to open safety orders (% from initial order): 5
  • Max safety trades count (The maximum amount of safety orders the bot can use for one deal): 4
  • Max active safety trades count (How many safety orders the bot will keep opened on the exchange at the same time): 1
  • Safety order volume scale (The volume of each next safety order will be multiplied by this value. ): 2
  • Safety order step scale (The step between each next safety order will be multiplied by this value): 1.66

• • Simultaneous deals per same pair: 1
  • Use other values as default.

• • Balance: Here you can see your current balance amount from the exchange
  • Max amount for bot usage (Based on current rate): It is an approximate calculation with current market rates. The real price of safety orders may differ too. The reason is that exchanges have price and volume step limitations for orders, and the calculation doesn’t include these limits. The bot itself includes all these limits and trades with them considered.
  • Max safe order price deviation: it shows the last safety order price deviation percentage
  • % of available balance to be used by the bot: Here it shows what percentage of your main fund is used for trading, including all security orders
  • And finally, click the “Create Bot” then your bot setup is completed

Don’t forget to start the bot after the bot is created.

After creating the bot, make sure the bot is on.

Important: Similarly, create long and short bots for all coins in the coin table (same values for all coins). Only then will you get all the signals we give. You can ask any questions related to this service in the comments section.