A trade signal is a trigger for the action, either to buy or sell a security or other asset, generated by analysis. You can apply this signal to your bots on 3Commas. In the marketplace section, you can find different sellers who offer a monthly subscription to their signals.
The signal seller sends a buy or sell signal to your bot, that will be a deal start condition. Also, some of these signals have signals to close a deal.
We may say that So at the fact, you entrust your funds and profit to other people.
Every signal provider differs on:
- Trading pairs
- Long or short signals
- Can have close signals
Buying the subscription attentively look through the signal description. There you can find TP and SL settings recommendations, information about the strategy they use and their contacts.
Also, take a look at the results. Here you will see real profit in % from deals which were run with these signals. If you see «No data» inscription, then we can say that nobody has used this signal for this trading pair.
There are max and min results.
The max one shows the maximal profit a user get using this signal
The min is a result that another one gets using this signal.
Why they’re different:
1. Different users set different TP percent.
2. Some users could get close signals, then bot started to close a deal and orders started to fill the order book. They were executed in turn and the closing price could vary.
3. Some sellers have several signals to start a deal, exactly like targets, and maybe you have created a bot in the moment of 3d or 4th target
If you’ve subscribed on a signal with have a long and short strategy, and you want to use both of them, please create 2 different bots, first for long and the second for short.
It is very easy to create a bot with trading signals.
Choose composite bot, take a look: what exchanges are available and select one. Use pairs which you’ve seen in signal results table: BTC_all, USDT_all, etc. Then set long or short strategy, and enter deal volume in crypto. SL and TP may be based on recommendation. Set the number of active deals if needed. Select the signal as a deal start condition. Done!
We want to notify you that using trading signals you trust managing your funds to the third party service.
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