Crypto trading bots are becoming increasingly popular as investors look for ways to automate their trading strategies. There are a number of different platforms available, each with its own set of features. In this article, we will compare TokenTact, TokenTact, and https://privatobank.com/tokentact-bot-review/. We will examine their customizable trades, user experience, user friendly design, and other features.
You first need to select an exchange, define the event (e.g. 15% BTC price decrease), and then enter in your buy/sell order. You can also click on the “Timer” tab to configure how you would like to schedule your trades. Paid subscriptions range from $29.99 to $249.99 per month with the differing account tiers designed to cater to traders of differing experience and activity levels.
With its user-friendly interface and an extensive array of tools, it has made cryptocurrency trading accessible to traders of all experience levels. Whether you’re a beginner trader looking for a safe introduction to cryptocurrency trading or a seasoned professional seeking to automate your strategies, TokenTact provides a suitable platform. If you’re a crypto trader, you know how important it is to stay on top of the market and make quick decisions. But with so many coins, exchanges, and trading strategies, it can be overwhelming to manage it all alone.
TokenTact is designed to enable users to create and execute trading strategies without the need for extensive coding knowledge. While TokenTact certainly fulfills a niche in its respective market, it lacks an extended suite of features to set it apart from its competition. In terms of user experience and pricing, the automated trading bot platform’s offering is strong. The TokenTact team claims “You don’t need to be an expert to trade like one.” I would not disagree with the assumption, and they do provide some impressive tools for you to explore with. Their features can be used to make your unique trading strategy come to life, or you have the option to buy trading bots already configured. You have now access to the largest database of technical indicators and strategies globally.
- They are designed to execute predefined trading strategies automatically, potentially saving time and reducing emotional trading decisions.
- They have previously built companies and discovered the opportunities of trading digital assets over the years.
- You can access numerous libraries of tutorials on how to use TokenTact trading bots today.
- For example, first, you buy and THEN sell that coin or vice versa.
However, it does not offer as many customization options as TokenTact. It offers a huge selection of indicators and trading tools, as well as advanced features such as futures trading and one on one trading sessions. The user experience is also very user-friendly and the interface is easy to navigate. After successfully connecting to your preferred exchange, you can proceed to create your own trading strategies. TokenTact offers an intuitive user experience that clearly indicates the effects of your chosen parameters, making it straightforward to devise a strategy, even for beginners.
When using TokenTact, you are not required to transfer any funds over, and the platform doesn’t have direct access to your crypto holdings. It’s tricky to trade when the market has no clear direction because of the high uncertainty of each price swing. During these times, the rate of growth of your profits on your assets can decrease. However, an automated trading strategy can add significant value to your wallet with these market conditions. Yes, TokenTact is a functional cryptocurrency trading automation platform.
Unfortunately, there are imposter sites out there that mirror the design and interface of TokenTact with a primary motive to trick users into depositing funds into these illegal scam sites. With the rise of digital technology and online platforms, cyber scams have also surged. At TokenTact, your safety is our top priority, and we believe that a well-informed user is the best defense against scams. We want to arm you with the knowledge you need to identify and avoid the various scam tactics that target potential users and our Community.
You can also set price triggers and profit targets, and the platform will automatically execute your trades. TokenTact also has a user-friendly interface, which makes it easy to use for beginners. The platform is also accessible from any device, so you can trade on the go.
Even if you decide to trade with coins that are not available in this allocation, you are free to adjust your allocations by placing direct orders for new coins. TokenTact and TokenTact gives the basic function of aggregating all positions in one application. However, both offer much more than simple portfolio management strategies. There are numerous trading tools, programmable or automated buy and sell functions, indicators, signals, copy-trading and more.
Now that both alerts are set up, you can launch the rule on TokenTact. Once you are happy with the indicator setup, you can set the alert by copying and pasting the needed data from the rule summary on TokenTact. For the rule to trigger, the price would now need to increase by 10% from the new Trailing Order Price of $1,150 and reach a price of $1,265 before the order triggers. Assuming the price now drops 10% from $1,400, reaching $1,260, the rule will sell. Certain rule structures with Trailing functionality are possible but should not be used unless you have a very specific strategy in mind. Finally, you have to copy/paste both the API Key and the Secret Key in the “Exchanges” section of your TokenTact account.
Having a proper profit calculation allows traders to reassess their strategies’ success or failure and adjust accordingly. The user has profited; however, since the action was not part of the rule, the system does not record the sell action. If the price increases above the initial sell price, the rule will show a loss, indicating that you should have bought back the coins.