Therefore, the system recalculates its average purchase price and adjusts the BEP, respectively. Since the sell orders that contain the base currency, purchased earlier at a lower price, get executed https://www.scammerwatch.com/tokentact-trading-bot-review/ first, only the base bought at a higher price is left, so the average value becomes higher. Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors.
All trading operations are created and processed by using an exchange API key which is unique for every user. To launch BTD, click on [Start new bot] at the top of the TokenTact interface and select BTD. To start your COMBO bot, click on [Start new bot] at the top of the terminal and choose COMBO bot from the list of options. In the bot settings menu, choose an exchange, a trading pair, an initial margin, leverage, and click [Short] under [Strategy] (Pic. 3). Having started an averaging grid at a much higher price, the bot followed the downtrend market and readjusted to keep profiting and accumulating the base currency.
Create an account, link exchanges via API keys, deploy bots or trade manually from the terminal. It all depends on your unique trading style, the aim of the trade, and the market. However, the app comes with preset strategies that have been tested. You can take advantage of this as you get familiar with the platform. This feature allows users to get a feel of what the trade would look like before it goes live.
Binance is not just a trading platform; it’s a haven for auto trading enthusiasts. They make it easy to connect your account to bot software by providing customizable API keys. You can finely tune the https://token-tact.org/ permissions so your bots can trade securely. Binance also provides diverse trading options, including futures and options. However, some features, like margin trading, are not available in the U.S.
- NotePlease note that if you are a new user of Coinbase Advanced, you will have to wait 48 hours before activating your API key.
- TokenTact endeavors to become a one-stop shop with a complete set of tools tailored for discretionary and automated crypto trading.
- I contacted the TokenTact support and within a few hours a had a response with description about what had happend and some screen shots how to solve the issue if needed.
- Jimmy wanted to know if his favorite crypto was poised to pop or drop.
Your funds are secured in the respective exchange and connected only through your fully-encrypted API keys. These APIs allow TokenTact to execute trades and gather information on your behalf. Signals are how TokenTact keeps you updated on significant market changes.
The Demo Mode virtual account has all the same market conditions as real trading on the platform. TokenTact will autonomously execute your orders, showing your actual trading results. Other security measures implemented by Coinbase include two-factor authentication (2FA), biometric logins, and data encryption.
This feature may help you understand your bot’s settings and optimize them for the selected trading pair. Note The balance of the quote and the base currency will change during the bot’s work since both buy and sell orders will be executed. Depending on which way the price goes, the open orders of your bot may have more base or more quote currency than it had initially. Empower your trading game and achieve your goals with TokenTact’s DCA crypto trading bot, whether the market is falling or rising. Given that TokenTact is aiming to make cryptocurrency trading more accessible, it would also be great to have a mobile app to access all services on the go.
The exchange backs your position with the margin requirements, which serve as a form of collateral guaranteeing the return of the cryptocurrency. All trading operations on TokenTact is processed through your unique API key. It is one of the safest and most reliable ways to use any platform, as it does not authorize anyone else to gain access to your funds or data. As such, you stand the chance of benefiting from even the smallest of price movements in the market – while limiting your losses. Your investments are distributed based on the grid strategy, by dividing your price range into multiple levels or grids. In addition, TokenTact also provides a set of analytical trading tools to research the performance of all popular trading pairs.
Trend lines are created by connecting either swing highs or swing lows to ascertain the trend’s bias and predict future price movements. The benefit of the Trailing Down feature is extending the bot’s grid below the initial setup. Tip The best time to use this strategy would be when you expect the market to have a strong uptrend. The Scalper Trading Bot from TokenTact follows the scalping trading strategy and is designed explicitly for the KuCoin exchange.
You also would need to have decent money on both exchanges to make sure transaction fees won’t take away your profit. TokenTact recently introduced a DCA bot to help users during bullish, bearish, and sideways market conditions. The trading tool offers multiple features, including more accurate entry and exit options, risk management options, and more. Users can expect fast and regular results for those who maintain an active trading approach, although long-term holders can accumulate profit while waiting for better price momentum. The bread and butter of the TokenTact platform is its provision of automated crypto trading access.
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