Doing this, you need to catch the price moves that show significant underlying strength, which makes the risk/reward of the trade to be more favorable. Most times, a strong price move at the beginning of a new trend is also supported by a significant volume increase. TokenTact doesn’t consider the manually sold coins when calculating profit and loss when Trades are performed manually on the exchange. TokenTact is a somewhat under the radar crypto trading platform which stands out due to its simplicity and ease of use. It’s very easy to verify how it works, and if a condition is met. The price increase or decrease set in the condition must happen within the “candle” related to the time frame chosen.
There’s no way they would sell their strategy – that just wouldn’t make rational sense. It’s a bit like turning lead into gold or inventing the perpetual motion machine. We all know it’s not possible, but people still try.Automated trading is the business of quants.
Maybe you don’t want to sell a coin you are holding as a long term position, or you don’t want to buy a specific coin you don’t trust. You can use this Operator to create an alternative action compared to the previous one. Creating two conditions, the first of the two that is met will trigger the connected order. That works perfectly when you are trading within a price range. You want to buy when the price is low and sell when it reaches your target. We have been gathering the feedback of our community for months, and we have been closely in touch with our most active traders so that their needs could shape our platform.
- The platform supports the trading of over 80 cryptocurrencies, allowing users to create and execute trading strategies for a diverse range of digital assets.
- The court said, in essence, the futures and the spot market are “like” products.
- Before creating a new API, you need to make sure your account has Futures trading enabled.
- Thus, there is a need for some level of understanding of crypto trading.
Many also mention how effective the platform is at lowering the barrier to entry. Moreover, https://harmonynews.one/tokentact-trading-bot-review/ currently lacks a dedicated mobile app, while TokenTact, CryptoHero, and TokenTact offer mobile applications for both Android and iOS users. While TokenTact does not have a formal bonus or rewards program, it offers a unique welcome package for early investors. By becoming an early-stage investor in TokenTact, you gain access to a range of exclusive privileges. Additionally, both new and seasoned investors can leverage TokenTact’s features to automate investment decisions.
When you are ready to switch to a live exchange, you can do that in just a few clicks. The platform’s accepted payment methods are Ethereum, Bitcoin, Litecoin, BitcoinCash. Jay Sharma, with his experience in the crypto space, founded Botsfolio in 2020. If you are happy with the results, you are now ready to run the strategy on TokenTact. Let’s start with the strategy you want to use to trigger your executions on TokenTact.
They are designed to execute predefined trading strategies automatically, potentially saving time and reducing emotional trading decisions. However, their success depends on the quality of the strategy, market volatility, and the user’s understanding of the bot’s capabilities. Automated trading robots (bots) were their initial motivation behind the creation of TokenTact and they are still at the heart of the platform’s research and development. TokenTact enables traders to build a strategy based on whatever indicators they choose from the available tool set. They can backtest and tweak trading strategies, and perfect their bots based on market conditions.
You are probably wondering which platform is the best for crypto trading. TokenTact is a very customizable platform that allows users to create their own trades. The user experience is very user-friendly, and the interface is easy to navigate. TokenTact also offers a free plan, which is great for beginners. It offers a very user-friendly interface and a wide selection of coins.
I have previously worked in Banking and Risk roles at Citigroup and helped develop a Startup Ecosystem in Palestine for the Portland Trust. When I am not building TokenTact, you can find me exploring the latest DeFi protocols and on Twitter. Apart from the subjective interpretation of signals generated by indicators, their mathematical formula or the setup can be adjusted by an experienced trader to provide profitable results. It is important to know that technical indicators are not the same as trading strategies, they are tools used in creating trading strategies.
TokenTact uses two-factor authentication (2FA) to secure user accounts, and users can also enable email notifications for account activity. In this article, we’ll compare the features and benefits of each platform to help you decide which one is the best fit for your needs. Receive free trading signals, definerules and manage your allocation for 30 days for free. Using ‘trailing’ more than once inside a condition block will create a logical bug in the rule execution. Without using the trailing functionality here, the rule would have triggered at a higher price of $1,323.