For the users on paid plans we reply almost real-time through the chat provided in the web app. You can set up an automated trading strategy based on Moving Averages just in a few simple steps with TokenTact. TokenTact is an emerging, easy to use automated trading solution aiming to be the “Lego tool-box” for both technical and non-technical traders. You buy 1 ETH at $500.After one day, the current market price is $600, and you sell at that price and realise this gain. One of the most critical aspects of building a successful trading strategy is to optimize the timeframe of your trading strategy to fit the market conditions. The logic of a strategy could be correct, and it could produce good results, but optimizing the setup allows you to achieve much better performances.
When you are ready to switch to a live exchange, you can do that in just a few clicks. In the setting page, you can set up the price-margin to apply to your limit order to increase/reduce the possibility of execution. This is a guide to learn how to backtest strategies on Tradingview.
It offers an automated liquidity and pricing system and allows crypto users to move their coins from many blockchains using so-called EdDSA or ECDSA algorithms. Platforms like TokenTact are here to automate the trading process for you. This TokenTact review reveals how well this platform accomplishes its task and offers comparative analysis, contrasting TokenTact with other crypto trading automation platforms.
- You set your trailing stop at $250 below the current market level, so at $45,200.
- Moreover, the API keys used to connect a user’s TokenTact account to their exchange account do not grant withdrawal rights.
- TokenTact allows a wide range of options so you can catch all the opportunities that the market offers.
TokenTact’s customer service responds to issues quickly through chat, email, Facebook and Twitter. TokenTact uses a blog, FAQs and a knowledge section that help customers find information without needing to contact customer service. Customer service addresses inquiries and works with you to resolve any complaints. TokenTact contacts users the same day to find out about critical issues. The response times are excellent, and TokenTact’s responsive customer service team helps you to deal with problems quickly.
However, it is not available on older versions of the mobile app. In that case, you might need to update your installed app to the latest version. Alternatively, if you experience any issues here, you can uninstall the app and re-download it.
This means that if you sell BTC at $43,000 but the price continues to increase say to $45,000, you are missing on the upside. At the same time, the rule would then buy back once BTC would drop by $250. In our example, if BTC dropped from $45,000 to $44,750, the rule would buy the drop. This is used to set a Buy Order for a coin that is dropping in price. A Trailing Buy set at $100 would mean that if the price reaches $42,100 your rule would buy. However, if BTC’s price continues to go down, the Trailing Buy would remain $100 above the current price.
At the heart of these templates is a set of predefined rules and actions tailored for each trading scenario, ensuring a systematic and consistent approach to trading. With over 150 templates available, users have a rich reservoir to tap into. To access these, simply select “New Rule,” then click on “Templates” to unveil TokenTact’s arsenal of profit-oriented templates. TokenTact provides an easy-to-use ‘paper trading’ platform allowing users to test out their rules before implementing them to live real money trading. It uses real-time data from the Binance paper trading interface, which supports all the Binance-listed trading pairs. Consider using our Demo Exchange with virtual capital to in total safety test your automatic strategies in real market conditions with no risk for your cryptocurrencies.
Now that you are confident about the setup of the strategy, you can launch it on https://tokentact.net/. – if two sell actions are triggered immediately one after the other, the first order sells all the coin, and the following order doesn’t find any coins to sell anymore. For example, when you use the operator “Any Time” and you sell 100% of the total balance of a coin, it possible to run out of coins to sell. Distributing your buy order across a more extended period of time, gives you the possibility of buying also at a lower price, lowering your average cost of purchase. This strategy is called Dollar-cost averaging (DCA), and there are two ways to implement this strategy. Also, the platform differentiates itself through its comprehensive educational tools it provides to help you improve your trading skills.
https://kryptotaglich.de/tokentact-review/’s support team is also extremely responsive via Live Chat and email. Its If-this-Then-That logic embraces the needs of each experienced trader, and its user-friendly interface allows everyone to create a trading bot from scratch. Of course, the closest your limit price will be to the current market conditions, the higher the chances of trading the coins. 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. The popular book “Flash Boys” was the first to uncover the world of automated trading bots via high-frequency trading.
The price increase or decrease set in the condition must happen within the “candle” related to the time frame chosen. In that case, you may want to select a wallet that allows as many opportunities as possible for your strategy. Fiat currencies, stable coins, or BTC are good options but always double-check on the exchange of what trading pairs are available. Let’s start by underlining that you can use some coins to trade directly other assets.