One month ago I have launched my first 3Commas DCA trading bot, and today I am going to share my profit results received so far. Please check my previous post to know more about the settings I use in this 3Commas testing and results for the several first days of the performance.
Two weeks ago I ended up with +23% in profit from my initial investment of 345 USDT. This was a fantastic result, but one thing was making me a bit anxious: the 25% stop-loss. During the first two weeks, there were zero cases when the price of the bought coins has dropped down to 25%, so the stop-loss order never was used. A couple of days later this still happened, bringing in a solid loss.
Keep reading this 3Commas bot report to know more about how much I lost on this stop-loss order occasion and how the bot was performing in the remaining time.
3Commas Results after One Month of Trading
Despite the loss, that I will be talking about later, the overall profit of the 3Commas bot is still growing. One month of DCA trading has added to my balance 107.58 USD. If we compare this number to the initial balance of 345 USDT, then the profit will be around +31%, which is great!
This is how my balance was growing day by day till the 12th of March when the first stop-loss order was executed. After this loss, the bot continued to make successful deals, which helped me to return the losses and even earn a bit more extra.
On the screenshot below showing the profit day by day, you can see how extremely this occasion burned a good portion of previously earned money.
And this is the order, which is responsible for all this mess that happened: XEM/USDT trading pair. After the stop-loss activation and selling, I have lost 76 dollars.
Here is the overall breakdown of all completed orders executed during the month. You can clearly see how good the numbers might be without this one stop-loss occasion.
Should the Stop-loss Settings Be Adjusted?
I understand that the bot cannot perform with a 100% rate of success. The results that I have with the 3Commas DCA bot so far are still fabulous. But it looks like that I was really lucky not to catch two or more pairs with a stop-loss activation.
Actually, at the time of writing, there is another case happening, which also could end up with another negative outcome:
Right now I have +183 dollars with successfully finished deals and -76 dollars burned. So the two more negative cases would easily burn all the total profit obtained so far. This is quite dangerous.
Setting the stop-loss to the lower percent, let’s say 15% or even 10% will help me not to lose that much when there will be a negative scenario. On the other hand, there is always a chance that after the adjustment those scenarios would happen more often.
Let’s do it this way: I will let the bot complete this ongoing ROSE/USDT position. If the price will continue to going down, then there will be another red day for me, but if the price recovers, I will get my 2% profit from it.
Right after that I will modify the settings and put the stop-loss feature at 15%. To make the experiment even more exciting I am going to add 1,000 USD to the trading budget, so the total investment would be 1345 USD.
Don’t forget that I am still using the free plan of the 3Commas bot. I might switch to the Advanced plan soon, as it will allow me to run multiple bots at the same time. Diversification is always a key to more stable results.
I am going to write a new 3Commas bot report once the ongoing pair will be finalized, the stop-loss will be fixed, more money will be added for trading and some positive or negative results will be achieved.
I got burned by the same XEM deal, on the same day. That’s because it forked on that day and the price dropped. You should receive some XYM, based on the amount of XEM you had on that day, which should offset the loss a bit