• What It Does: Automates trading strategies like DCA (Dollar-Cost Averaging) and grid trading.
• How to Set Up:
  1. Create an account on 3Commas.
  2. Connect your Phantom wallet using the API key.
  3. Set up a DCA bot:
     • Strategy: Choose “DCA Bot” from the dashboard.
     • Pair: Select the SOL/meme coin pair you want to trade.
     • Settings:
       • Base Order Size: Set the initial investment (e.g., 1 SOL).
       • Safety Orders: Set additional buy orders at lower prices (e.g., 0.5 SOL each).
       • Take Profit: Set a profit target (e.g., 10%).
     • Start Bot: Click “Create Bot” to start trading.
  4. Set up a grid bot:
     • Strategy: Choose “Grid Bot” from the dashboard.
     • Pair: Select the SOL/meme coin pair you want to trade.
     • Settings:
       • Grid Levels: Set the number of buy/sell levels (e.g., 10).
       • Price Range: Define the upper and lower price limits.
       • Take Profit: Set a profit target for each grid level (e.g., 2%).
     • Start Bot: Click “Create Bot” to start trading.
• Insider Tips:
  • Backtest Strategies: Use 3Commas’ backtesting feature to test your strategies before going live.
  • Monitor Performance: Regularly review your bots’ performance and adjust settings as needed.