Before we start...
Also please remember!
Some deal start conditions described below may not be available on some exchanges. Please read this article about what exchanges support which deal start conditions.
Explaining the Bot "Deal Start Conditions"
1. "Trading View" - technical analysis rating by TradingView.com
Trading View is the leading charting service, but it provides more than just charting, including the Crypto Screener:
See the Technical Rating column? It is a rating derived from the cumulative average of many technical indicator values, from RSI to Moving Averages to MACD, etc.
For example, the rating is a BUY when 4 of 5 say the price will go up. There are many more indicators involved than five, but the approach is the same.
Trading View start condition has two settings:
Timeframe.
Indicators provide different values on different timeframes. Short periods provide more frequent signals, but with a higher chance to get a false entry. Check how you can prepare for opposite price moves with safety orders.
Here you can also find the Cumulative option - it is the Average of 4H, 1H, and 15min signals, so there is no option to choose a timeframe.
Rating.
You select the value to use to open a deal. There are four choices - Buy, Strong Buy, Sell, and Strong Sell.
REMEMBER:
The Strong Buy is higher in priority, and when you set the bot to use Buy signals, it also includes all Strong Buy signals. The same as Sell signals include Strong Sell signals.
Two buys are not the same.
Technical indicators don't communicate with text. They provide numbers, and so does the Trading View rating:
-10 to -6 is a STRONG SELL
-5 to -1 is a SELL
0 is neutral
1 to 5 is a BUY
6 to 10 is a STRONG BUY
The bot chooses assets to trade using these values. The text rating is only for us humans!
2. QFL
This condition is only for LONG bots and is not available as a Deal close condition!
More detailed information about this Deal start condition you can find in this article: What's QFL?
3. CQS Scalping
This condition is only for LONG bots and is not available as a Deal close condition!
More detailed information about how CQS Scalping works you can find on their website https://cryptoqualitysignals.com/.
4. Manually/API (Bot won't open new trades automatically)
Don't trust algorithms but want to manage trades with bots? Start deals with a click.
Have your algorithms? Start deals using API.
All Single-pair bots have the button to open a new deal immediately:
NOTE:
You can open manual deals on Multi-pair bots with API only.
This condition cannot be used along with other deal start conditions!
5. Trading View custom signal
For more information about how you can apply custom signals from TradingView, please follow to this article: How to use TradingView custom signals.
6. Open new trade ASAP
When using the simple "non-stop" strategy, starting a new deal immediately (in rare cases, it takes up to 1 minute) after the previous deal has closed can mean that your Вots could open deals at the peak (or "top") of the price for the coin you are trading. That's why you probably won't want to use ASAP all the time.
Example use cases:
A trading volume contest? "Open new trade ASAP" is the best fit.
Sure where the price is going? "Open new trade ASAP" does the trick.
Ready to play price "bounces" with safeties (Dollar Cost Averaging)? "Open new trade ASAP" is perfect for this.
Just remember the bot starts the next deal a moment after it closes the current one. It means a new deal often opens at almost the same price as the previous deal closes.
NOTES!
This condition can only be used solely! It cannot be used along with other deal start conditions.
This condition is available only for Single-pair bots!
7. Indicators
There are a lot of indicators built-in 3Commas, that can help you with your own trading strategies. You can learn more detailed information about these deal start conditions in this article: Technical Analysis Deal start and close conditions.
8. Marketplace signals
You can also purchase or use free Marketplace signals. Learn more about this type of deal start condition in this article: What are Marketplace "Signals"?
That's all the Deal Start Conditions you can find on 3Commas. If you have paid subscription, you can always try any of the deal start conditions with bots on paper trading!