3commas SHORT bots tutorial - XRP short 3commas tips - DCA trading bots

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3commas SHORT bots tutorial - XRP short 3commas tips - DCA trading bots

What would you do if one of your largest crypto holdings tomorrow faced a situation similar to what happened to XRP in the past weeks?

If you learned that the news are actually really bad. You know you need to take a quick decision.

Would you just hold strong?
Would you panic sell?

Is there any way of at least retaining some of the value of a coin while its price it's collapsing?

Is there a way to "take advantage of the situation" and even PROFIT while the price is going down?

Today we are going to be looking at all the different tools that a DCA short bot can offer us in a situation like this.

How can we tweak these bots to take the best advantage of the situation but most importantly based on what we think the forecast looks like for the affected coin.

Make sure you join our Discord server. We have an awesome community around trading bots and stocks. Join us now!

00:00 Welcome
01:05 What is the trading parrot?
02:00 BO & SOs
05:06 TP
06:56 TP quote vs base currency
07:28 Retaining value
08:48 Name your bot appropriately
09:05 USDC as quote currency
09:30 Quote or base profits?
10:10 Order sizes
10:33 Avoiding not enough funds errors
11:26 Deal start condition and initial manual open
11:55 TP% and trailing settings
12:37 Is the SL needed?
13:31 Safety order settings
13:50 Min price to open deal
17:53 Open deals and stop
19:01 Max price to open deal
19:48 Closing down

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