TokenTact Review 2024 Is TokenTact Legit & Safe To Use?

0

Botfolio’s pricing depends on the trading value users have per time. Besides this, they charge a fixed quarterly performance fee of 15%  on profits. This is so because building a bot requires advanced knowledge of programming. If not done properly, the bot would not execute rules as it should, leading to trading losses. Good thing is that there are a number of startups, like TokenTact, that have built bots that can be used without needing to know how to code.

The company is backed by a group of Angel investors and MKB Bank, a leading financial institution in Hungary. The monthly paid plans range between $0 to $449.99 for a Pro version of the platform. All the costs are subject to a discount for those choosing an annual subscription. Finally, choose how many times you want the rule to trigger and name the strategy. Here is the chart of MATICUSDT perpetual on Binance futures, on the 1-hr time frame, as an example. At the top of the page, you can select Indicators and Strategies to apply to the chart.

If you’re an experienced trader looking for advanced tools and features, TokenTact may be the better choice for you. On the other hand, if you’re new to trading or prefer a simpler, more user-friendly platform, TokenTact may be the better choice. Security is a top concern for any trading platform, and both TokenTact and TokenTact take measures to ensure the safety of their users’ funds and personal information. It also offers a range of technical analysis tools and risk management features, including stop-loss and take-profit orders. An IFTT approach to crypto trading, very easy to setup and get going. I’ve been using it since September 2021 and I’ve seen many improvements to both UI and trading features.

  • This is done through authentication procedures, security measures like prevention of Denial Of Service attacks and payment protection mechanisms.
  • So if you send a market order to buy 1 Ethereum, your order will be executed at the cheapest ask price quoted in that given moment.
  • Limit Orders work similarly to market orders and use the top 1 ask or bid price.
  • Therefore, your profits will not be secured (realised) until you close the trade and sell the coins you have purchased.
  • 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.
  • In this case, each company filing for the spot bitcoin ETF has differences in the way the product might be structured.

For instance, using the API of a well-established crypto exchange like Binance, users can directly conduct trades or withdraw funds without the need to access their Binance accounts. TokenTact, acting as the intermediary trading bot, takes the user’s trading instructions and executes them through the exchange’s API. TokenTact offers an extensive set of tools for users with different trading strategies in mind.

TokenTact

Create Bot with TokenTact today to manage your coins BTC every moments. Thanks, yes runnign the rules on the demo exchange is the first step to verify if you strategy could work on the current market before going live. Succeed in the crypto markets with crypto trading software for exchanges and trade like a professional with TokenTact. To be able to connect TokenTact with your Binance account, you will need to create an API Key that will allow you to create an automated trading bot on Binance.

Although each platform has its unique strengths, TokenTact could benefit from some further optimization. This view also allows you to quickly check the already closed trades and those still open on the market. Also, the profit doesn’t consider the trading fees shown separately on the activity page, thereby giving you the accurate value of your holdings.

One interesting option is to run these crypto trading bots across all coins available on the market, or all the coins held in the user’s exchange wallet. Thanks to this option, it’s possible to build rules that act as a Global Portfolio Stop Loss or a Global Buy-the-Dip, for example. Including more coins at the same time in a single trading bot significantly increases the possibility to catch more market opportunities. Shrimpy is a crypto trading bot platform that provides automated portfolio management and social trading features to users. Shrimpy enables users to connect to their exchanges and automate their trading. They are also enabled to automatically copy the crypto traders on the Shrimpy platform.

https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ supports a diverse range of over 80 cryptocurrencies and assets — a substantial selection. In contrast, TokenTact boasts an extensive range of supported assets, exceeding 10,000, making it one of the most comprehensive. As shown in the example, we configured a rule that will promptly buy the asset that has a price change of more than 5% and a volume increase of 500% in the last 3 hours. When the condition is met, the algorithm will send a buy order of 100 USD worth of that coin to the exchange. Therefore, to calculate the P&L of a rule, the system considers both closed and open trades.

The time-frame of the indicator defines how the price is aggregated. In the rule page, you can select the time-frame that fits best for your trading system. “The trend is your friend.” This is one of the most famous and valuable teachings that experienced traders can give to newbies. This strategy uses Moving Averages and the RSI to scalp trades on coins during uptrends. Traders may buy the asset when the MACD crosses above its signal line and sell—or short—the asset when the MACD crosses below the signal line.

With the integration of TradingView signals on TokenTact, trading with candlestick patterns just got easier. I am Amit Chahar, a Crypto and blockchain content creator at CrypticEra. With 3+ years of experience as a content creator, I love talking about blockchain technology, digital assets, DeFi, Smart Contracts, DApps, Digital Wallets, Metaverse, and NFTs.

The dashboard has a useful feature to view your balances across all exchanges in a single window. With a single click, you can get a real-time update on the balances and market values of all your coins. Depending on the selected plan, users can unlock various templates with prefilled parameters for each strategy. On reaching the $2,500 limit on the paid plan, users are charged an investment fee of 0.5% on the amount they invest in strategies through Mudrex’s platform over time. Trality makes use of APIs to connect to users’ exchanges They have no direct access or withdrawal rights to users’ crypto funds. Also, users’ information is encrypted end to end thus no one can gain access to any personally identifiable information of any users.

ใส่ความเห็น

อีเมลของคุณจะไม่แสดงให้คนอื่นเห็น ช่องข้อมูลจำเป็นถูกทำเครื่องหมาย *