The perfect bot to trade ETH like a pro on Binance!

Did you wish you had invested in Bitcoin on exchanges at that time? TokenTact lets you jump into whatever opportunity, even while you sleep! Simply take profit, protect your portfolio and outpace the market without dropping a single opportunity. Of course, the closest your limit price will be to the current market conditions, the higher the chances of trading the coins. A certain number of sell and buy orders are placed at regular intervals above and below the current price of the trading asset. ​In general, buy orders are placed below the current price, while sell orders are always placed above the current price.

TokenTact

The context of a trading strategy is hugely important, and it depends on the macro-situation, the news, and the broader market trends. Both platforms are well established, professionally run, and I had absolutely no issues with operating either. However, the reliability of their trading strategies is another thing. Indeed the whole concept of creating trading bots and backtesting them is not always a reliable predictor of future success. Retail money is pouring into the altcoin market, as evidenced by the recent fall in Bitcoin dominance. Regular folks are experimenting with leverage, short selling, and discovering trading bots for the first time.

  • Feels like a sandbox environment for extreme newbies with less than 1k in assets.
  • Lastly, busy professionals who have limited time for active market monitoring can benefit from TokenTact’s automation features.
  • So you can DCA or buy the dip, grid trading or trend following, whatever is your style and depending on market conditions.
  • We are thrilled to announce that now you can build your automated trading bot in a few steps and run it on Moving Averages and Relative Strength Index (RSI) indicators.

TokenTact offers some useful features that makes it a good choice for crypto traders. It offers Any Coin Scanner, allowing you to easily find and monitor any cryptocurrency on the market. Also, Advanced Indicators can help you make better trading decisions.

Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Yes, TokenTact offers special promotions and bonuses to its users. These promotions may include limited-time offers, discounts on subscription plans, or incentives for referring new users to the platform. TokenTact competes in the cryptocurrency trading automation landscape alongside several notable platforms, including TokenTact, CryptoHero, and TokenTact. When comparing these platforms, a few key distinctions become evident. You can access numerous libraries of tutorials on how to use TokenTact trading bots today.

There are some ways to reduce the lag-effect of an indicator, but that increases the chances of getting false signals. Choosing between a smaller lag and lower precision of the indicator is a crucial trade-off the trader should assess. At a closer look, though, it’s possible to spot predetermined behaviours that already happened in the past. It’s impossible to foresee with a 100% degree of confidence where the price will move next. The buy order is placed on assets that present strong momentum when it’s more likely that it is about to increase further in the short term.

Alternatively, the trade is closed when the RSI is lower than 30, being this a sign of weakening of the trend. A nine-day EMA of the MACD called the “signal line,” is then plotted https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ on top of the MACD line, which can function as a trigger for buy and sell signals. The system now evaluates the condition against the new Trailing Order Price of $1,150.

Testing a strategy before launching it live to the market can help fine-tune the parameters to reach the balance that fits your needs. Remember, technical indicators are not perfect tools, and they shouldn’t be either. After all, catching the absolute top or bottom of each price swing is virtually impossible.

Security is an important part of their brands, and with 2FA (2 Factor Authentication), I am more than confident to use their services. You are able also to catch a potential further upside of the trend. You don’t know if it’s already time for selling, leaving there the strategy because maybe potentially you can still gain from further upside. The trade is closed in profit when the RSI is greater than 70, as the trend could experience a pull-back. No matter your views about where the price moves, what matters is where the price heads to. The market is always right, and ultimately it decides who gets the profit and who has to take a loss.

It offers a user-friendly interface and supports integration with over 10 major cryptocurrency exchanges, providing access to a wide range of trading pairs. Users can practice and refine their strategies in a risk-free demo mode, making TokenTact a viable option for those looking to automate their cryptocurrency trading activities. TokenTact caters to a diverse range of users within the cryptocurrency trading community. For newcomers to the world of cryptocurrencies, TokenTact provides an accessible and user-friendly platform. However, experienced traders, with their specific criteria and trading strategies, will find TokenTact a valuable tool for streamlining their trading activities.

That allows the strategy to increase the percentage of profitability of trades. One of the main rules any trader should follow is to have safety thresholds in place in case the market goes against you. Often, the decision to close a trade with a small loss can be a big advantage compared to keeping bags of coins with declining value in your portfolio. TokenTact offers an extensive collection of educational resources in the “LEARN” section of their website. Here, users can access a wide range of tutorial videos that cover various aspects of trading.

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