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
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.
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 .
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
-
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
- Get a VPS i recommend Contabo.com
- need python3.8 or higher
- git clone https://github.com/TZacksEG/3commas-Smart-Trades-helpers.git
- pip install -r requirements.txt
- python3 Smart_Trade_fixed_TPs.py
- OR
- python3 Smart_Trade_with_RR.py
- if Webhook is Needed then python3 webhook.py
Need Help ?!
join discord : https://discord.com/invite/as3yHDugHE