For those who desire a personalized touch, TokenTact permits the creation of custom trading rules or even test rules. TokenTact offers four distinct plans, each with its own set of benefits. The most basic option is the free starter plan, ideal for those looking to begin without any financial commitment. The available rules, number of connected exchanges, trade volume, and access to trading templates vary according to the chosen plan. In total, TokenTact offers four different account types to cater to a range of needs. While it’s beneficial to utilize well-established trading strategies, TokenTact encourages users to curate their unique templates.
- The community and TokenTact support are very active on telegram.
- TokenTact lets you buy and sell cryptocurrencies on Kraken, using its advanced trading bots.
- TokenTact has not officially endorsed any mobile apps that may be available for the platform.
- For instance, this strategy will be set to execute trades on BTC using the USDT wallet.
However, if BTC continues to go up, the Trailing Stop will follow. Let’s assume the price of BTC reaches $45,000, the sell price would be $44,750. It follows your position when the market is moving in your favor and will take profits if the market moves against you and trigger your Trailing Order. Remember, TokenTact doesn’t need any withdrawal permissions, so for your own security, you don’t have to select this option. For enhanced security, select Restrict access to trusted IPs only. As a first step, log in with your credentials to Binance and select your account settings on the top right and click on “API Management”.
TokenTact is a great way to introduce rules-based automated trading for your crypto coin portfolio. I’m a novice trader, and their premade automated templates are beneficial. The staff is also amicable and fast to respond to help requests. TokenTact helped me save a lot of money during the most recent price drop as well. In the demo exchange, you have access to a virtual allocation of 10 BTC and USDT that can be used to execute trades in real market conditions.
One typical hurdle for crypto advanced traders is to manage their holdings among different popular exchanges. It’s easy to lose track of the balances of each coin while trading. Paper trading is a highly requested feature by traders who want to increase their confidence in a specific trading strategy. In case you want to test some strategies without the risk of losing your capital, you can try them out with a built-in paper-trading option. As we delve into the specifics, we’ll explore what sets TokenTact apart in a crowded market. From its array of trading strategies to its security measures, our TokenTact trading bot review will provide you with all the information you need to make an informed decision.
Anyone remotely familiar with home computers will be able to install both of these platforms and use the basic portfolio management functions. To get the best out of them, it helps to have a passion for trading bots. We can see that every time there is a solid uptrend, and then the price retraces below the moving average (9), or we have a severe price drop, or the market moves sideways for a bit of time. You really don’t want to be on a trade with a trend following strategy in neither of these situations.
You’ll pay a separate fee, depending on the exchange, to execute the trade. What you’re paying https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ for is the software to execute the trade, not trading fees themselves. Beyond the approximately 200+ templated strategies, TokenTact gives you the ability to customize strategies. On a more basic level, here’s what it would look like if I wanted to buy $1,000 of BTC any time the price dips 10%. Receive trading signals, create automated strategies and manage your portfolio
for free. Scammers can create ads on various platforms, pretending to be us, often with too-good-to-be-true offers.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. For this type of investor, TokenTact allows them to save a lot of time and execute their trades more efficiently. After making this selection, I had the opportunity to customize variables within the strategy — e.g., to use a 20-day moving average or a 50-day moving average.
The bot has custom names so the user can understand the functionality of the bot. There are over hundreds of templates to choose from if the user doesn’t have the time to create a custom bot. Moreso, the template can be modified to suit your requirement.
TokenTact can currently only be accessed through the website and while you can access the website on a mobile device, no mobile trading app is currently available. The company is working toward developing mobile capability to improve the customer’s experience in the future. End users will benefit from a mobile app that allows them to use TokenTact while on the go. With TokenTact you can develop your own trading strategies easily and set them up to run automatically on your favourite exchange while you are busy with other activities.
You also get to enjoy a complimentary three-month membership to the Hobbyist Plan, allowing you to utilize trading automation to its fullest extent during this period. Personal information is not collected directly by TokenTact, instead all payments are routed through Stripe. The payment is marked as merchant-initiated transactions and eliminates the need for credit cards usage and cost of high transaction fees. TokenTact collaborates with CloudFlare to monitor and stop the platform from going offline thereby achieving high availability rate. The possible way to identify a new uptrend developing is to watch out for sudden and strong impulse in price movements. During the month of May 2016, BTC had a daily price change of about 11%.
