Key Takeaways from 3Commas’ Market Data Insight AMA

Highlights 3Commas’ AMA with The Trading Parrot: Exploring 3Commas’ Market Data Insights Tool (Cryptoscreener)

Recently, 3Commas hosted an AMA session with our partner and highly advanced 3Commas user, The Trading Parrot. The session was a deep dive into our latest Market Data Insights feature we added to DCA Bot, how it works, and how traders—both experienced and new—can use it to uncover trading opportunities.

If you missed the live session, here’s everything you need to know!

Introducing the Market Data Insights Feature

The focus of the AMA was 3Commas’ Market Data Insights, a feature that:

• Enhances analysis capabilities with real-time market data.
• Allows traders to filter and identify trading opportunities directly within the DCA Bot interface.
• Is inspired by features on TradingView but integrated seamlessly for automated trading strategies.

Currently available in beta mode, this feature provides value by consolidating essential tools and indicators for quick, actionable insights.

The Trading Parrot’s Journey with 3Commas

During the AMA, The Trading Parrot shared his journey in crypto trading:

• He first discovered 3Commas in 2020, a turning point in his trading journey.
• Impressed by the seamless integration of tools like DCA Bots and Smart Trades, he shifted his entire trading setup to 3Commas.
• Over the years, he has become one of our most advanced users, sharing his knowledge with the trading community through videos and insights. 
  

Spotlight on Market Data Insights

The Trading Parrot demonstrated how to use the Market Data Insights feature effectively:

Real-Time Filtering: Narrow down opportunities by indicators such as RSI, market capitalization, and time frames.

• Example: “If you’re looking for coins with an RSI above 80, this tool lets you spot potential short opportunities instantly.”

Simplified Workflow: Perform analysis, filter coins, and create bots—all in one place without switching between platforms like TradingView or LunarCrush.

Practical Tips for Traders:

Be cautious with shorts during bull markets.

Use safety orders effectively to minimize risk.

Filter coins by market cap to avoid low-liquidity, high-volatility assets.

Key Insights for Beginners

For new users exploring the Market Data Insights feature, The Trading Parrot offered actionable advice:

1. Learn to Backtest: Before trading with real money, spend time backtesting strategies on TradingView.
2. Start with Paper Bots: Use 3Commas’ paper trading feature to test strategies without risk.
3. Stay Curious: Focus on learning how indicators like RSI and Stochastic RSI work. Combine tools for a balanced approach.

“The best traders are patient, curious, and willing to learn. Start small, test consistently, and grow from there.”

Looking Ahead: Automation and Evolution

When asked about the future of Market Data Insights, The Trading Parrot highlighted:

• The potential for automation, where bots could filter and trade based on pre-set conditions.
• How evolving tools will enable users to trade smarter, not harder, while staying agile in shifting market conditions.

Community Q&A

The AMA concluded with thoughtful questions from the community, ranging from trading strategies to adapting the feature for bear markets.

Key takeaways included:

• Adjusting expectations and take-profit targets during bearish conditions.
• Monitoring volatility and choosing the right market cap filters to minimize risk.
  

Missed the AMA? Watch It Here!

If you want to see The Trading Parrot’s live demonstrations and hear his insights firsthand, watch the full session here.

Join the Conversation

Stay tuned for more live sessions, insights, and updates from 3Commas. Connect with us on Telegram and let us know how the Market Data Insights feature is helping you trade smarter!