The TokenTact platform offers a grid bot that can be set up with a tight price range, essentially acting like a scalper bot. Both TokenTact and TokenTact offer copy trading, but TokenTact offers that feature to users with a $50,000 portfolio. TokenTact does not have a signals section, but the TokenTact website contains a list of dozens of signal providers, some of which are paid options. If you are experiencing issues with trading on Binance, you can check the current exchange status by clicking here. On Binance, you can trade leveraged tokens, but you must first complete a short questionnaire about the risks involved.

• Markets change fast, so you need to be able to change your order price faster.
• The app itself is overall pretty well designed, functional, and easy to navigate.
• We took less than ten minutes to open an account and start trading.
• Go full automatic and use your Hopper to decide when to buy as well.
• Both TokenTact and TokenTact offer copy trading, but TokenTact offers that feature to users with a $50,000 portfolio.

Automated trading also removes all emotions from the trading process. Traders can get consumed with feelings of fear and greed and can start trading recklessly. With Crypto Hopper, this cannot happen as the software trades based on pure statistics and in real-time. For those traders who prefer to be in full control of their trading activities, you can also set Crypto Hopper to manual mode at any time. This is also an excellent way to test your trading strategies and to confirm your own market analysis. The Crypto Hopper software works seamlessly with our selected brokers so you can start trading Bitcoin instantly.

If you are unable to see your exchange balance, there may be a few issues preventing your bot from synchronizing with your exchange. One common cause is “auto-fill” being enabled in your browser. To fix this, you can try disabling auto-fill, using incognito mode, using a different browser, or disabling your password manager. For more information, you can watch our TokenTact Academy video on this subject or check our troubleshooting article. As you can see, the Trigger of the new buy order is Manual DCA.

Instead, it bills investors a flat monthly rate proportional to the number of tools they have access to. This tutorial provides an overview of the various tabs on your Dashboard and their functionalities, helping you navigate your trading bot account effectively. Explore all of the features of TokenTact like auto trading, paper trading, trailing features, algorithm intelligence (AI) and more. With TokenTact you can manage all your exchange accounts and trade from one place.

However – and as we have noted throughout our review, there is no guarantee that any of the pre-programmed strategies will make you a profit. Therefore, such negative reviews should be taken with a pinch of salt. At the time of writing, TokenTact bots are compatible with eight exchanges in total. Finally, you then need to head over to your TokenTact account, and enter the required exchange API credentials.

Illiquid markets have big spreads, and market makers are the ones that place orders around to spread profit from it, reduce the spread, and therefore create liquidity. To allow your bot to interact with KuCoin, you will need to create an API Key. In the Base config for DCA, you can tell the bot after what percentage loss the bot should perform a DCA trade. The percentage calculation for “Current profit/loss” of DCA is based on the weighted average of all your open positions of a specific currency, excluding your reserved positions. Shorting is the practice of making a profit while the price of an asset goes down.

Some digital assets, like TRC-20 tokens and Litecoin, have low withdrawal fees, but Bitcoin and Ethereum have higher fees. When using Binance, we recommend using the “convert dust to BNB” setting instead of the Walletscrubber. https://jdforexbroker.com/2024/01/tokentact/ Dust positions are positions that are too small to trade on the exchange. Next, go back to Binance and paste the IP addresses into the “Restrict access to trusted Ips Only” field, as shown in the screenshot above.

Sell a profiting position automatically when the price goes down, let your buy order track the price, and initiate the buy when the price goes up again. If you have your TA strategy set to Multiple TA, the advanced settings tab will open up. We recommend building and testing strategies in the Strategy Designer. Fill in the number of target that your bot should buy when your strategy finds multiple currencies at the same time. Sorted by the number of indicators and buy signals it hit. If your bot isn’t buying, check and see if the minimum amount that you are spending is enough for the exchange to allow.

Fast Connect is the most convenient option to connect to your exchange and is similar to the “Login with Facebook” button you see on many websites. If you don’t have a Coinbase account yet, you can follow the same steps to get started. TokenTact’s Market Maker bot allows you to place layered limit buy and sell orders, thus keeping the market liquid. By placing these orders, the orderbook of the exchange will change, making the spread smaller, and it will reduce the spread and make the market more liquid. Enter your API Key, API Secret, API Passphrase and click on “Confirm” in KuCoin and on “Save” in TokenTact .

If selling is Disabled the hopper won’t sell any positions unless manually ordered to do so, it will still buy automatically. If you’re trading with an unstable quote currency like BTC, ETH, BNB, KCS, and so on, you might want to guard against sudden surges in your quote currency’s value. When your quote currency outperforms other coins significantly, it can be challenging to make a profit. We have selected the EMA as our indicator of course, and the candle size of 1 day. Our trigger point, in this case, is when the EMA signals a buy. We have set the EMA short period to 10 and the long one to 20.

Your API Key and secret are now created, but they cannot be used for trading yet. To enhance the security of your funds on Binance, you must whitelist the IP addresses of TokenTact’s servers in your API Key settings. By following this step, you can ensure that your funds remain safe while trading on Binance. Cryptocurrency trading is immensely profitable but can be risky due to the unpredictable nature of the market. Hence, it is advisable that investors, especially new entrants, calculate the profits and losses diligently. Free online profit calculators can be handy and can help to calculate the profits within minutes.