Mastering the various order types available is key to taking full advantage of the power of automated trading. Whether you're looking to manage risks, automate strategies, or seize market opportunities, understanding how to effectively use different order types can give you a significant edge.
This comprehensive overview breaks down key crypto trading order types, complete with practical examples to help you enhance your trading performance. 📈
🔍 Market Orders: Immediate execution at the best available price.
🔍 Limit Orders: Set your desired price to buy/sell.
🔍 Stop-Limit Orders: Trigger a limit order at a specified stop price.
🔍 OCO Orders: Combine two orders; one cancels the other.
🔍 GTC Orders: Remain active until executed or canceled.
🔍 IOC Orders: Execute immediately, cancel any unfilled part.
🔍 FOK Orders: Execute in full immediately or not at all.
🔍 Trailing Stop Orders: Adjust stop price as the market moves in your favor.
🔍 Iceberg Orders: Place large orders in small visible portions.
Dive deeper into each order type and optimize your trading strategies! 💡
📖 Check out our detailed blog post for more insights and practical examples!
This comprehensive overview breaks down key crypto trading order types, complete with practical examples to help you enhance your trading performance. 📈
🔍 Market Orders: Immediate execution at the best available price.
🔍 Limit Orders: Set your desired price to buy/sell.
🔍 Stop-Limit Orders: Trigger a limit order at a specified stop price.
🔍 OCO Orders: Combine two orders; one cancels the other.
🔍 GTC Orders: Remain active until executed or canceled.
🔍 IOC Orders: Execute immediately, cancel any unfilled part.
🔍 FOK Orders: Execute in full immediately or not at all.
🔍 Trailing Stop Orders: Adjust stop price as the market moves in your favor.
🔍 Iceberg Orders: Place large orders in small visible portions.
Dive deeper into each order type and optimize your trading strategies! 💡
📖 Check out our detailed blog post for more insights and practical examples!
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🛑 Run stop bot with Grid Bot to hedge against risk
If you feel like you could use a better way to manage your Grid Bots and get deals to stop when you need them to, we’ve got you covered.
We’ve created a guide to show you the basic principles of using stop bot to boost your ability to hedge against market fluctuations and potentially find more positive results with your trades.
📖 Read more in our step-by-step guide
If you feel like you could use a better way to manage your Grid Bots and get deals to stop when you need them to, we’ve got you covered.
We’ve created a guide to show you the basic principles of using stop bot to boost your ability to hedge against market fluctuations and potentially find more positive results with your trades.
📖 Read more in our step-by-step guide
🚨 Scheduled Maintenance Announcement 🚨
Tomorrow, on Wednesday 17th July at 0900hrs UTC, 3Commas will undergo a planned maintenance for an hour. 🛠️
Please note that during this period, signal processing for DCA bots will experience delays, potentially impacting signals used to open or close DCA bot deals. 📊
For more details, check the 3Commas Status Page update. ✅
🔗 3Commas Status Page notification
Tomorrow, on Wednesday 17th July at 0900hrs UTC, 3Commas will undergo a planned maintenance for an hour. 🛠️
Please note that during this period, signal processing for DCA bots will experience delays, potentially impacting signals used to open or close DCA bot deals. 📊
For more details, check the 3Commas Status Page update. ✅
🔗 3Commas Status Page notification
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🌟 To help you improve your trading journey, we'd like to know which trading tips you find most valuable. Please select the options that you believe will have the greatest impact on your success: 🌟
Anonymous Poll
31%
Effective Risk Management
37%
3Commas bot mechanics
10%
Better understanding of the market
11%
Technical and Fundamental Analysis
11%
Setting achievable financial goals
📘 New Guide Alert! How to use Stop Loss Breakeven for DCA Bot
Our latest blog gives you a detailed use case for the Stop Loss Breakeven feature. Learn how to potentially secure gains and minimize risks with 3Commas. 🚀
Read the full guide here
Our latest blog gives you a detailed use case for the Stop Loss Breakeven feature. Learn how to potentially secure gains and minimize risks with 3Commas. 🚀
Read the full guide here
🪙 This week in crypto - July 19th, 2024
Let's dive into the recent crypto industry updates:
🇬🇷 The Greek government will introduce a crypto tax, expected by January 2025. According to local reports, crypto and digital assets will be taxed as capital gains from the sale of securities at a 15% rate.
🔄 Polygon Labs has confirmed that MATIC will migrate to POL token on September 4, as part of the Polygon 2.0 roadmap. Only MATIC tokens in your custodian wallets will be automatically upgraded to POL.
📈 BlackRock’s iShares Ethereum Trust will open at a competitive fee of 0.12% for the first 12 months or until it gains $2.5B in net assets. Franklin Templeton’s Franklin Ethereum Exchange-traded Fund (EZET) has the cheapest fees pegged at 0.19% amongst others.
📖 Read More
Let's dive into the recent crypto industry updates:
🇬🇷 The Greek government will introduce a crypto tax, expected by January 2025. According to local reports, crypto and digital assets will be taxed as capital gains from the sale of securities at a 15% rate.
🔄 Polygon Labs has confirmed that MATIC will migrate to POL token on September 4, as part of the Polygon 2.0 roadmap. Only MATIC tokens in your custodian wallets will be automatically upgraded to POL.
📈 BlackRock’s iShares Ethereum Trust will open at a competitive fee of 0.12% for the first 12 months or until it gains $2.5B in net assets. Franklin Templeton’s Franklin Ethereum Exchange-traded Fund (EZET) has the cheapest fees pegged at 0.19% amongst others.
📖 Read More
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Unauthorized Account Registrations Using Email Addresses from 3rd Party Sources
Dear 3Commas Users,
Over the past 24 hours, we saw an influx of approximately 75,000 new user registrations, which initial data shows is likely to be bot activity. These bots appear to be attempting to identify registered email addresses for potential future scam and phishing operations. These are emails that were likely collected from one or more companies that may no longer be functional business entities.
To counter this, over the last 24 hours we have implemented an additional CAPTCHA from Cloudflare to stop the automated registrations. Also, as part of our existing new user verification process, a confirmation message is sent to the registered address which only people with access to the email mailbox can confirm before the new 3Commas account is fully created. However, we advise all users to stay vigilant and take the following precautions:
- Monitor Your Accounts: If you notice any unauthorized or suspicious activity, such as a new 3Commas account being created with one of your emails, please report it to our support team immediately. Malicious actors cannot create a new account with an email used on an existing account.
- Check Secondary Email Accounts: If you utilize more than one email account for crypto activities, please ensure that you check all of them to confirm they haven’t been compromised.
- Secure Your Email: Be cautious of unexpected emails or phone calls.The 3Commas Support Team will never contact you by phone or send you unsolicited links or file attachments Avoid clicking on links from unknown or suspicious sources.
- Update Your Security: Ensure that your passwords are strong and unique. Make sure you have enabled two-factor authentication for added security on every platform that offers it.
We are aware that some users’ email addresses have been used in failed attempts to register unauthorized accounts. If you have been affected, please follow these steps to secure your account:
- Log-in to 3Commas and head to the User Settings page
- Change your password
- Enable 2FA (multi-factor authentication), if you have not already done so
- Additionally, you may find it useful to check your email address with a service like http://haveibeenpwned.com (or other similar services) to see if your email address is listed as part of a known security event.
We urge all users to read our 3Commas Security help article which contains lots of useful information and tips to enhance the security of their account.
We are working on obtaining more information and formulating additional responses for this issue. Thank you for understanding.
For further updates and support, please stay tuned to our official communication channels.
Blog article: https://3commas.io/blog/unauthorized-account-registrations-using-email-add
Dear 3Commas Users,
Over the past 24 hours, we saw an influx of approximately 75,000 new user registrations, which initial data shows is likely to be bot activity. These bots appear to be attempting to identify registered email addresses for potential future scam and phishing operations. These are emails that were likely collected from one or more companies that may no longer be functional business entities.
To counter this, over the last 24 hours we have implemented an additional CAPTCHA from Cloudflare to stop the automated registrations. Also, as part of our existing new user verification process, a confirmation message is sent to the registered address which only people with access to the email mailbox can confirm before the new 3Commas account is fully created. However, we advise all users to stay vigilant and take the following precautions:
- Monitor Your Accounts: If you notice any unauthorized or suspicious activity, such as a new 3Commas account being created with one of your emails, please report it to our support team immediately. Malicious actors cannot create a new account with an email used on an existing account.
- Check Secondary Email Accounts: If you utilize more than one email account for crypto activities, please ensure that you check all of them to confirm they haven’t been compromised.
- Secure Your Email: Be cautious of unexpected emails or phone calls.The 3Commas Support Team will never contact you by phone or send you unsolicited links or file attachments Avoid clicking on links from unknown or suspicious sources.
- Update Your Security: Ensure that your passwords are strong and unique. Make sure you have enabled two-factor authentication for added security on every platform that offers it.
We are aware that some users’ email addresses have been used in failed attempts to register unauthorized accounts. If you have been affected, please follow these steps to secure your account:
- Log-in to 3Commas and head to the User Settings page
- Change your password
- Enable 2FA (multi-factor authentication), if you have not already done so
- Additionally, you may find it useful to check your email address with a service like http://haveibeenpwned.com (or other similar services) to see if your email address is listed as part of a known security event.
We urge all users to read our 3Commas Security help article which contains lots of useful information and tips to enhance the security of their account.
We are working on obtaining more information and formulating additional responses for this issue. Thank you for understanding.
For further updates and support, please stay tuned to our official communication channels.
Blog article: https://3commas.io/blog/unauthorized-account-registrations-using-email-add
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📣 Create your anti-phishing code to boost account security
Phishing is the favored attack vector of most hacking groups, and they’re getting very good at mimicking official emails from companies. Our top priority at 3Commas is your account security, and we have a new counter to make it simple to verify that an email is truly from us: a special code (English characters and numbers only) that you create and we’ll include with every email.
Set up your anti-phishing code:
1️⃣ https://app.3commas.io/users/profile
2️⃣ Go to Settings->Security
3️⃣ Press the “Enable anti-phishing code” button and enter your unique code
Once you do that, any time you receive an email from 3Commas it should contain your code. If it doesn’t then don’t take any action or click any links in the email.
Get more details about best security practices here
Phishing is the favored attack vector of most hacking groups, and they’re getting very good at mimicking official emails from companies. Our top priority at 3Commas is your account security, and we have a new counter to make it simple to verify that an email is truly from us: a special code (English characters and numbers only) that you create and we’ll include with every email.
Set up your anti-phishing code:
1️⃣ https://app.3commas.io/users/profile
2️⃣ Go to Settings->Security
3️⃣ Press the “Enable anti-phishing code” button and enter your unique code
Once you do that, any time you receive an email from 3Commas it should contain your code. If it doesn’t then don’t take any action or click any links in the email.
Get more details about best security practices here
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⚡️Hello traders! We're excited to announce that our friends at Stier.trade have created a trading terminal specifically designed for memecoins. But what makes it special? Stier is the cutting-edge platform that combines the best of DEXes with the user-friendly automation of CEXes.
📌Let's take a closer look at the key features of Stier.trade:
◾️ Trading Automation: Let your trades execute automatically, even while you sleep! Stier's powerful automation tools ensure you never miss an opportunity with SL & TP features.
◾️ Gas-Free Transactions: Say goodbye to network fees! Stier's gasless trading feature saves you money on every transaction.
◾️ Easy Access & Use: Whether you're a newbie or an experienced trader, Stier's advanced tools and intuitive interface make trading a breeze with fewer clicks.
◾️ Robust Security: Keep full control of your funds with Stier's top-notch security features, including EIP-4337 and EIP-6900.
📲And the most exciting part! While waiting for your Take Profits to execute, you can earn points in the TG app, Degen Rush. Degen Rush is a fun and rewarding new game where you can earn points. Is everyone familiar with Tinder? What if we told you that now you need to swipe memecoins instead of people? And all this comes with rewards in the form of points!
🔗Join the growing community of traders who trust Stier!
📌Let's take a closer look at the key features of Stier.trade:
◾️ Trading Automation: Let your trades execute automatically, even while you sleep! Stier's powerful automation tools ensure you never miss an opportunity with SL & TP features.
◾️ Gas-Free Transactions: Say goodbye to network fees! Stier's gasless trading feature saves you money on every transaction.
◾️ Easy Access & Use: Whether you're a newbie or an experienced trader, Stier's advanced tools and intuitive interface make trading a breeze with fewer clicks.
◾️ Robust Security: Keep full control of your funds with Stier's top-notch security features, including EIP-4337 and EIP-6900.
📲And the most exciting part! While waiting for your Take Profits to execute, you can earn points in the TG app, Degen Rush. Degen Rush is a fun and rewarding new game where you can earn points. Is everyone familiar with Tinder? What if we told you that now you need to swipe memecoins instead of people? And all this comes with rewards in the form of points!
🔗Join the growing community of traders who trust Stier!
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Exciting news!
3Commas merch is on its way!
We're restocking our merch swag and we want to know what items you'd love to get your hands on. Let us know and we'll prioritize the most popular items first!
3Commas merch is on its way!
We're restocking our merch swag and we want to know what items you'd love to get your hands on. Let us know and we'll prioritize the most popular items first!
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What's your favorite?
Anonymous Poll
12%
Cap
12%
Mug
32%
Shirt
36%
Hoodie
8%
Other... (let us know in reply!)
🪙 This week in crypto - July 26th, 2024
Let's discuss recent crypto industry updates:
💰 Thailand’s finance minister, Pichai Chunhavajira, has confirmed that a plan to pay a social benefit of 10,000 baht (about $280) in digital money will happen in August.
⚙️ Cardano plans to transition to decentralized governance with the Chang hard fork; The latest version of the validator node, Node 9.1.0, is an upgrade of Node 9.0, which will see Chang activated when 70% of validators have upgraded.
📒 According to CryptoQuant data, over 66% of the BTC owed to creditors of Mt. Gox has been distributed. Arkham Intelligence Mt.Gox Bitcoin outflow data suggests that only $10M worth of Bitcoin is remaining.
📖 Read More
Let's discuss recent crypto industry updates:
💰 Thailand’s finance minister, Pichai Chunhavajira, has confirmed that a plan to pay a social benefit of 10,000 baht (about $280) in digital money will happen in August.
⚙️ Cardano plans to transition to decentralized governance with the Chang hard fork; The latest version of the validator node, Node 9.1.0, is an upgrade of Node 9.0, which will see Chang activated when 70% of validators have upgraded.
📒 According to CryptoQuant data, over 66% of the BTC owed to creditors of Mt. Gox has been distributed. Arkham Intelligence Mt.Gox Bitcoin outflow data suggests that only $10M worth of Bitcoin is remaining.
📖 Read More
🚀 Use 3Commas to Trade on Coinbase Advanced and win 20 USDC 🚀
Run your 3Commas bots on Coinbase Advanced from now until August 31st, 2024, 11:59 PM (UTC), and you will earn $20 in USDC. Here are the details:
🏗 Create your 3Commas account if you haven’t done so: https://app.3commas.io/en/auth/registration
✒️ Sign up for a Coinbase account here and connect their API: http://coinbase-consumer.sjv.io/eKE3GD
🏆 Trade $100+ via a non-default portfolio
💰 $20,000 prize pool
📅 Ends August 31st, 2024
Eligibility:
• Existing or first-time API traders on Coinbase Advanced
• Never traded via a non-default portfolio before
Terms and conditions apply.
🌐 You can read the full details from Coinbase on their site: https://help.coinbase.com/en/coinbase/getting-started/getting-started-with-coinbase/new-customer-incentive
Run your 3Commas bots on Coinbase Advanced from now until August 31st, 2024, 11:59 PM (UTC), and you will earn $20 in USDC. Here are the details:
🏗 Create your 3Commas account if you haven’t done so: https://app.3commas.io/en/auth/registration
✒️ Sign up for a Coinbase account here and connect their API: http://coinbase-consumer.sjv.io/eKE3GD
🏆 Trade $100+ via a non-default portfolio
💰 $20,000 prize pool
📅 Ends August 31st, 2024
Eligibility:
• Existing or first-time API traders on Coinbase Advanced
• Never traded via a non-default portfolio before
Terms and conditions apply.
🌐 You can read the full details from Coinbase on their site: https://help.coinbase.com/en/coinbase/getting-started/getting-started-with-coinbase/new-customer-incentive
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We're excited to introduce the “Safety Orders Condition” feature for our DCA Bots!
🔧 How it Works:
- Safety orders act as filters with a minimum deviation percentage.
- Orders are not placed in advance but executed at market price when conditions are met.
- Price Deviation to Open Safety Orders: 1%
- Safety Order Volume Scale: 1
- Safety Order Step Scale: 1
- Safety order size: 15 USDT
- Max safety orders count: 3
- Activate the “Safety Orders Condition” option with two RSI conditions, for example
- If the price drops in total by more than 3% and matching signals are received, the bot adds 45 USDT as the safety order volume to the active deal
Learn more here: https://help.3commas.io/articles/9663694
Then try it out! https://app.3commas.io/bots
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OKX has begun to delist some coin pairs and you can find the full list here.
If you have multi-pair bots on OKX using some of those coin pairs, you should remove them so the bot doesn’t waste time searching for deals that aren’t executable. If you have single pair bots using those pairs, the bots won’t work and you’ll need to deactivate them or change to a valid coin pair.
It’s okay though, there is still a huge choice of tokens available. You can trade with almost any trading pairs that are present on all available exchanges with 3Commas software!
Our system checks if new pairs were listed (or old pairs were delisted) once every 24 hours.
Thus, if there is a new listing on, for example, Binance, the new pair will be available on 3Commas within 24 hours.
You can quickly check which coin pairs are available on your preferred exchange by navigating to the Smart Trade or Terminal tabs in 3Commas and look at the drop down menu under the “Pair” category.
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If you're a Binance Futures trader in the European Economic Area (EEA), action may be required to continue trading. Binance now requires users to enable the "Binance Futures Credits Trading Mode" to keep trading Futures contracts.
To continue trading with 3Commas, log in to Binance and upgrade your account to this new mode. Your connected Binance Futures account on 3Commas will now display as "Binance Futures USDT-M (EEA)," and BNFCR credits will appear in your account balance.
Learn more about these updates:
- Binance Futures Credits Trading Mode: https://www.binance.com/en/support/faq/how-to-use-binance-futures-credits-trading-mode-0e857c392a2d47cebde0af762d9255ae?hl=en
- Check out our Help Center article for additional details: https://help.3commas.io/articles/9497647
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Let's discuss recent crypto industry updates:
Why does it matter? There is a healthy interest in asset tokenizations onchain and investors are getting dividends, a system which can potentially increase funds inflow into the sector.
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Here's how it works:
Supported Markets:
Initially, this feature is available for:
- Binance Futures (USDT-M & COIN-M)
- Bybit Perpetuals (USDT & Inverse)
- Gate io Perpetuals (USDT & BTC)
- Crypto com Perpetuals
⚠️ Note: If you're using trailing stop loss or a stop loss timer, Native Stop Losses won’t apply.
This feature helps minimize price slippage, so you can potentially sell your assets at better prices, making your trading experience smoother and more efficient. Get ready to take your trading to the next level with 3Commas
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Reuters confirms earlier reports on X that multiple retail stock trading platforms are experiencing mysterious outages during the ongoing market bloodbath, eerily reminiscent of Robinhood suspending trading during the big GameStop short squeeze of 2021. You all remember how that played out: https://en.wikipedia.org/wiki/GameStop_short_squeeze
We just wanted to point out that even though crypto is taking a big hit today, the exchanges are still open and your bots are still working, because the crypto industry believes in letting traders play the hands they’re dealt rather than shutting it down. If you’ve set up contingency bots to trade on downward trending markets, congratulations on successfully implementing your risk hedging strategy. (Hey, let us know in the comments 👇 if you used Signal or DCA Bots to execute your strategy)
🧑⚖️ For legal reasons we are not going to speculate on why so many retail trading services experienced outages at the same time. But we welcome your speculation in the comments!
📄 Here’s the article
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We have made some big changes to our Free plan! Starting today, all Free plan users will have access to the following features:
✨Unlimited Terminal - Trade without limits!
🤖 3 Active SmartTrades - Maximize your deals! (Futures Trading excluded)
📈 1 Signal Bot - Automate your trades effortlessly!
🔄 1 Grid Bot - Enhance your grid trading strategies!
💹 1 DCA Bot (single pair) - Perfect for single-pair trading!
These updates are designed to give new users a strong toolset to learn with before they scale up their bot strategies 🚀 💬
See all 3Commas plans here: https://3commas.io/pricing
Click here to learn more about all available subnoscriptions within 3Commas.
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Looking for some secret sauce to gain an advantage during this cryptocurrency bull market?
Discover their new Ping Pong Bot setup, exclusively available for 3Commas users, designed to turbocharge your crypto trading.
The Trading Parrot takes you through a detailed 24-day journey, showcasing the impressive results for Bitcoin and Ethereum, and dives into the mechanics of alternating strategies to maximize your chances of success. Plus, get insider tips on customizing the bot's settings to match your risk tolerance and strategies for various cryptocurrencies.
Check out the video now and start trading smarter, not harder
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