3Commas Signal Bot Part 2: A Roadmap to Innovative and User-Friendly Features

In the dynamic realm of cryptocurrency trading, agility and precision are vital. 3Commas stands at the forefront of this bustling market with its cutting-edge Signal Bot - a powerful tool designed for seasoned traders. 

Why did 3Commas create Signal Bot? 

We believe there is currently a gap in the market for a trading bot with the capabilities we’ve already built into the 3Commas Signal Bot, along with the features we plan on adding. As it currently stands, you can look at TradingView as standing in a silo. They provide remarkable market intelligence, which you then need to bring over into your bots. Signal Bot creates multiple pipelines for users between their TradingView tools and the 3Commas automated trading software, facilitating a more integrated trading experience that saves the user time and frustration.  

Essentially, we want to offer TradingView users, and people who are considering becoming TradingView users, the opportunity to more easily convert their analysis and strategy work in TradingView directly into bots. This ties into our bigger mission at 3Commas, which is to give traders an almost unfair advantage over people using other software.

3Commas wants our users to be able to execute any strategy they can dream up and to make it as simple as possible to do so. Signal Bot is another step in the journey towards realizing that vision, along with some seriously impressive muscle we’ve added to DCA and Grid Bots over the past few months. 

Current Features of Signal Bot

When Signal Bot is live, these are the core capabilities it will offer to traders who have active TradingView subscriptions. If you don’t have an active TradingView subscription, we encourage you to watch our video on how to read TradingView charts so you can decide if you’re ready to take that step and get more into technical analysis. It can be very rewarding, and every top trader needs to have this skill if they want to advance their ability to find winning deals by better understanding the market.

Here’s what you’re getting on day 1 with Signal Bot:

1. Sophisticated Alert-Based Actions

Signal Bot elevates your trading strategy by allowing you to perform multiple actions based on a variety of alert conditions. Whether it's one or numerous alerts, from diverse sources, Signal Bot responds promptly, enabling you to manage positions across various contracts efficiently.

2. Tailored Investment Control

Flexibility is key in trading, and Signal Bot offers just that. Set your entry and exit order sizes as absolute values or percentages, giving you the control to determine how much of your investment to allocate or risk in every trade.

3. Transparent Signal History

Stay informed and strategic with the ability to view your signal history and the exact timing of receipt. This level of transparency ensures you can analyze performance and adjust strategies as needed.

4. Manual Signal Approval

For traders who prefer hands-on control, manually accept or reject signals with ease. This feature is perfect for those who want to validate signals before execution.

5. Automated Signal Processing

Opt for efficiency with Signal Bot's auto-approval feature, which can automatically accept or reject signals based on predefined filters, such as:

• Order volume in the quote currency
• Percentage deviation from the previous or average entry signal
• Pair ticker

This automation ensures you never miss a trading opportunity.

6. Effortless Sharing with Referrals

Share your bot's success! With a referral link, you can allow others to receive signals based on your bot's activity, even if they don't have a TradingView account, fostering a community of successful trading.

Roadmap for Future Innovation of Signal Bot

Significant internal discussion and analysis of user behavior went into deciding the starting core features of Signal Bot, but when developing any new tool it’s almost impossible to fit every idea and use case into the initial product release. What you will find below is a list of the features that are currently on our development roadmap for Signal Bot. Some of these may change once we launch the bot and get additional user feedback and requests for features. 

Speaking of feedback, we’re leaving this Signal Bot survey open so you can add your input if you have not done so already. 3Commas built this bot for our community of crypto traders, and your thoughts are incredibly valuable for prioritizing new features and tool improvements. 

Without further ado, here is the current roadmap as of November, 2023: 

7. Master Bot Cloning

In the future, users will be able to copy a Master bot and receive the same signals, making it seamless to emulate successful strategies without the need for a TradingView account.

8. Bot Annotation

Adding notes to your bot will soon be possible, helping you organize and remember which TradingView alerts your bot is set to listen to.

9. Centralized Notification Hub

An upcoming feature will allow access to a page with all notifications and event logs from all bots. This will be invaluable for traders managing multiple strategies to filter and react to notifications effectively.

10. Simplified Investment Sizing

Setting investment sizes as a percentage of total or free quote balance is on the horizon, streamlining the investment process by replacing more complex features.

11. Multi-Account Management

Imagine managing multiple accounts with a single bot. This feature is in the works, promising to bring unparalleled convenience to users handling various portfolios.

12. Advanced Signal Declination

Automatically declining signals with a Min-Max Price Filter will add an extra layer of risk management to your trades.

13. Signal Combination Logic

Combine signals with "And / Or" logic for automatic acceptance, enhancing strategy complexity and potential success.

14. Position Management Enhancements

Soon, you'll be able to create a trade for an existing position and link it to the Signal Bot. This functionality is geared towards restoring trades or transitioning positions from other bots like DCA or GRID.

15. Smart Trade Templates

Signal Bot will soon be able to open trades with smart templates for users who prefer to keep minimal logic in their strategy script. This allows for multiple take profits and the ability to move stop-loss orders to break-even, thus optimizing potential gains. While the current Signal Bot doesn’t automate multiple take profits, it can handle multiple exit alerts if the user sends the exit signal for each exit. 

16. Signal Count-Based Approval

An innovative feature will allow the bot to act on a sequence of signals, such as entering a long position on the receipt of the fifth signal after four prior signals.

17. Marketplace Integration

Have a successful bot? The roadmap includes the option to sell your Signal Bot in the 3Commas Marketplace, opening a new revenue stream for savvy traders.

18. Balance-Based Investment Sizing

Setting investment size as a percentage of your balance will soon be possible, offering a more nuanced control over trade allocations.

19. Combined Backtesting with Built-in Indicators

The roadmap includes an exciting feature where traders will be able to perform a combined backtest of their signal history with the software's built-in indicator history. This integration aims to provide a more comprehensive analysis, enabling traders to refine their strategies with historical performance insights.

20. Signal History Import for Combined Backtesting

Another anticipated feature is the ability to import signals history to perform a combined backtest with the built-in indicator history or TradingView strong buy signal history. This functionality is designed to give traders a powerful tool for assessing the effectiveness of signals over time, against various market indicators.

21. Signal History Export

The ability to export your signal history is on the way, allowing for in-depth analysis and record-keeping outside the software.

Concluding thoughts

3Commas is unwavering in its commitment to advancing the field of crypto trading through the continuous enhancement of its Signal Bot. The existing features, combined with the ambitious roadmap laid out for future development, underscore a long-term vision to equip traders with the most sophisticated and intuitive trade automation tools in the industry. 

By streamlining complex trading strategies and providing detailed analytic capabilities, 3Commas aims to bestow upon its users what might seem like an almost unfair advantage in the fast-paced crypto markets. Stay with us on this journey as we push the boundaries of what is possible, empowering you to trade smarter, faster, and with unparalleled precision.