Sheridan, Wyoming, United States, 14th Sep 2023, King NewsWire – 3Commas and Trading Machine AI are two of the leading crypto trading bot platforms on the market. Both platforms offer a variety of features and benefits, making it difficult to choose which one is right for you.
In this press release, we will compare and contrast 3Commas and Trading Machine AI to help you make an informed decision.
3Commas is a popular trading bot platform that offers a wide range of features, including:
- Grid trading bots
- DCA bots
- Smart trade terminal
- Portfolio management tools
- Trading signals
- Backtesting and paper trading
3Commas is a good choice for traders of all levels of experience. The platform is easy to use, even for beginners, and it offers a variety of features that can help you automate your trading and improve your profits.
Trading Machine AI
Trading Machine AI is a newer trading bot platform that uses artificial intelligence to generate trading signals.
Trading Machine AI is a good choice for traders who are looking for a more hands-off approach to trading because it’s 100% automated. You don’t have to do anything, other than do a simple API connection, that’s it. Trading Machine AI just trades perp futures, so you will need to use USDT and have funds in your futures account. It integrates with Binance, OKX, and Bybit, with more exchanges on the way.
Which is Best?
So, which is the best trading bot platform for you? It depends on your individual needs and preferences. If you are a beginner, 3Commas is a good choice because it is easy to use and offers a variety of features. If you are looking for a more advanced, more profitable, hands-off approach to trading, Trading Machine AI is a great option.
The biggest problem with 3Commas is that you have to become smart at trading, run 100s of experiments, and be willing to accept drawdown because these platforms are based on the concept of DCA and grid bots.
Both DCA and grid bots are not as optimal as using AI to trade for you with better use of capital on each position size and less drawdown. Why?
With a DCA or grid bot strategy, if the price goes against you, it buys more, but that only works on assets that will recover in price, like BTC, but for crappy altcoins, it would be stupid to just buy more and more as the price goes against you because it could just go down 80% and stay down for years and never recover.
So DCA strategies only work on basically the top 10 coins and it’s still flawed because you have to be willing to accept drawdown and hold on to positions for 6 months if need be. That’s a long time, and not a really good strategy for traders that know what they are doing.
It’s more efficient to use your cash and get in and out quickly, like what the Trading Machine AI algorithm does. It takes shorts as the market is going down, and longs as it’s going up, and both when the market is sideways, scalping quick returns in a sideways market. That way you make money in all 3 market types. Here is an example of just one backtest result on ETH from TradingMachine.AI
3Commas is a crypto trading bot platform that helps traders automate their trading and improve their profits. The platform offers a variety of features, including grid trading bots, DCA bots, smart trade terminal, portfolio management tools, trading signals, and backtesting and paper trading.
About Trading Machine AI
Trading Machine AI is a newer crypto trading bot platform that uses artificial intelligence to generate trading signals. The platform offers a variety of features, including AI-powered trading signals, portfolio management tools, backtesting and paper trading, and trading education resources. Check out the Trading Machine AI backtest results.
Organization: Trading Machine AI
Contact Person: Ryan Henderson
Email: [email protected]
Country: United States
Release Id: 1409236360
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