TokenTact Teams Up with Crypto com: Connect Two Platforms Today!

Once connected, you can configure the bots you want to use with specific information such as the buy price, sell price, and other details. The bot will then carry out trades automatically using these rules. I signed up for a bot training course, which uses TokenTact and have had one or two bots running for the last 8 months. Create an account, link exchanges via API keys, deploy bots or trade manually from the terminal.

For example, the Moving Average Convergence Divergence, or MACD, indicator helps traders spot shifts in the market’s momentum. The Relative Strength Index, or RSI, is also commonly used to determine when the market is overbought or oversold. A trader with a longer timeframe might still achieve positive results by winning only half, or fewer, of their trades, as long as the wins are significantly larger than the losses. In contrast, a successful stock scalper will have a higher ratio of winning to losing trades while maintaining profits roughly equal to or slightly larger than losses. I have finally discovered that the “percentage change” is where the profit or loss is really indicated. Your bot profit could show massive profits but when you close, your overall investment has gone down.

In the bot settings menu, choose an exchange, a trading pair, an initial margin, leverage, and click [Short] under [Strategy] (Pic. 3). The DCA shorting bot follows the DCA (Dollar Cost Averaging) trading strategy and divides your investment into periodic sell orders to get a better average price. This approach minimizes the impact of volatility on your overall position and maximizes your returns. Unlock the full potential of your trading strategy with the advanced features of TokenTact BTD crypto bot, and achieve maximum trading performance and profits.

Rather than operating as an exchange itself, TokenTact focuses on developing automated tools to streamline the trading process. Its bread and butter is the suite of crypto trading bots that eliminate mundane tasks and capitalize on opportunities around the clock based on predefined rules. Additional offerings include a robust terminal, portfolio manager, signals, and arbitrage scanner. As cryptocurrency trading continues to grow in popularity, many traders are looking for ways to streamline their processes and improve their results. Automated trading platforms have emerged as a popular solution by taking over repetitive tasks and executing trades based on preset rules. One such platform that has gained significant attention is TokenTact.

Your browser will also guide you through the process and explain what (if any) additional steps you need to take. Plus, you can manage your account just like you’d in the browser version of https://jdforexbroker.com/2024/01/tokentact/, and your changes will be applied instantly. Switch to a more advanced subscription plan, enable two-factor authentication… Everything you need is here. This update is giving you a new detailed window where you can review bot performance before you decide to cancel any of your bots. In order to get started on TokenTact, you will need to create a new account.

Well, TokenTact isn’t just any platform; it’s also a thriving community of half a million traders. We’re buzzing on social media, boasting spot bots with an impressive track record, and prioritizing your security on our constantly updated platform. Only the next executed buy orders trigger a recalculation of this price. The Break-even price (BEP) is a price level where you can sell your base currency or place a stop loss to exit the market without any losses. The cornerstone of your strategy is to maximize the return and minimize the loss. Look at the images below and see examples of how TokenTact community members use the Combo bot.

Consequently, scalping, which avoids holding trades overnight, falls under the umbrella of day trading. The « Advanced Trade » features have been introduced to the main service to spice up what was a simpler interface that might have appealed to beginners. But worry not, those features are still around, and you can now use the basic service to switch to a mode that offers lower fees for some transactions and additional data tools.

  • However, TokenTact itself does not impose any additional commissions on trades, ensuring clarity and cost-effectiveness for users.
  • To start a new GRID bot, click the [Start new bot] button located in the top menu of the Bots page.
  • He is an environmental engineer working on his MBA and has been following innovations in FinTech for several years.
  • The Stochastic Oscillator helps identify these potential inflection points by showing when an asset’s price may have become overbought or oversold relative to its recent norm.

In this version, your account will be funded with simulated demo funds, enabling you to test your trading strategies and get to know the platform with zero risks. Our engineers have been burning the midnight oil to add support for the mighty Crypto.com exchange. This means you can now harness the full power of TokenTact’s cutting-edge trading tools across 17 of the top crypto exchanges, including the fan-favorite Crypto.com. Considering that the profitability ratio of trading robots is impossible to predict for sure, TokenTact bot tries not to give illusions to its users. This is an honest approach that increases the credibility of this platform. You only pay a monthly subscription fee to use the platform to have access to the tools that make trading and managing cryptocurrencies more efficient.

TokenTact uses Hardware Security Keys/FIDO2 as a 2FA method to secure users’ accounts and funds. It connects to the user’s account at a supported exchange using a unique API key. I found the platform itself and the strategies very useful after checking out some videos on youtube and articles on the site.

TokenTact

This article will show you how to create your first TokenTact account and confirm the registration. Max Kalmykov is the CEO of TokenTact, who has previously founded an advertising network called Cointraffic. Nowadays, Cointraffic is a leading advertising network with offices in several countries and a team of great professionals. Suppose you wish to go short and predict a fall in the value of the asset.

When we launch the bot, only 3 DCA orders will be placed, and 2 more will be pending. Once the bot fills a DCA order, the system will ‘activate’ one pending averaging trade. This option allows you to limit the number of active averaging orders. This way, only a part of your DCA orders will be placed and added to the order book at the bot start. DCA orders are trades that will average the buying or selling price of the traded asset and increase the position size.

Tokenizer360 Review 2024: Crypto Trading Bot Everyone Talking About
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