Skip to content

Latest commit

 

History

History
89 lines (53 loc) · 3.4 KB

README.md

File metadata and controls

89 lines (53 loc) · 3.4 KB
Raw

3commas-Smart-Trades-helpers

Scripts for using 3commas Smart Trade with Risk Management

Most of us fail in Crypto Day Trading Due to Bad risk management. therefore, these Scripts were created

How it works?

I have designed these scripts to risk a certain amount per trade with self adjusting position Size/value with Risk-Reward Ratio or Multi Take profit levels system , controlled via Telegram

Works for spot and futures USDT Market ONLY ( LONG and SHORT ) with Break-even Feature.

Explanation of The Money management Strategy

Assuming your capital is $20K

if you enter a BTC long position with 5% stoploss without any risk management you lose $1,000 . too big ?! if yes then here comes the Risk management part

Your risk per trade = 1% of capital = $200

Your Position value will be calculated and adjusted to match your stoploss USD value so your Position value will be = $4,000

BTC would need to drop 5% in price value in order to lose the Risk Per trade value which is in our case is 1% of the capital = $200

so your risk USD value per trade stays the same , no matter how small/big your stoploss is

and SO ON .

Take profit

We have 2 Scripts with different Take profit strategies

  • Fixed Tps which is Smart_Trade_fixed_TPs.py Fixed % of Tps (adjustable) .

    you can set whatever % of tps you want: 2% and 5% and 10% Up to 5 TP's levels.

  • Risk-Reward Ratio which is Smart_Trade_with_RR.py RR Strategy.

    it calculates your profit automatically using the value of the stoploss used in the trade.

    Default RR is 1 to 2.4 RR, so you lose 1 dollar to earn $2.4

BOTH OF the scripts have a Break-even feature which will automatically MOVE your Stoploss level to entry when first TP is Reached

Trailing TP has been added to the last TP value in Fixed TP's Scripts

How to use?

  • if you want to run the whole operation automatically

    • BY automatically Open trades Via sending alerts from Tradingview to your Telegram Channel and then Telegram to 3commas
    • then you need to have your own webhook server to manage the whole automation
    • Install Webhook Server

  • if you want to run the smart Trades manually by sending yourself the Trades to Telegram

    • Just Send Trades manually to the Telegram Channel , where it will send your Trades to 3commas Automaticlly

  • Scripts

Installation

Need Help ?!

join discord : https://discord.com/invite/as3yHDugHE