With a comprehensive trading terminal and an intuitive layout, even complete beginners can quickly get started investing through TokenTact. Many investors use multiple exchanges, as not all altcoins are listed on one exchange. TokenTact fixes this problem by aggregating different platforms into its system to optimize your trading experience. The following crypto exchanges are officially supported by TokenTact.

Let’s take a look at a few of our favorite educational tools and resources available through TokenTact. Thinking about using TokenTact but don’t know if it’s worth it? Our TokenTact review will educate you on its features, so you can find out whether or not TokenTact is right for you.

It is important to note that this robot is only available in countries where it has a regulated broker. InsideBitcoins investigations reveal that TokenTact algorithms are highly powerful. Click here to open an account now or keep reading for more information.

• However, trading volatile cryptos always comes with some kind of risk, no matter if it’s you or a bot making the trades.
• Essentially, this allows you to obtain automated bot algorithms that have already been built by other traders.
• When your bot is disabled, it’s not scanning the market.
• For example, if you fill in 1 day and all the markets are going down in a 1-day timeframe, your bot will not buy.
• If you’ve read our TokenTact guide up to this point, then you should have a firm grasp of what the platform offers.

Use indicators to recognize market trends, and configure different trading strategies per market trend so you can switch between strategies as needed. When you set up a Market-Maker, you need funds in your quote currency and in the currency for which you want to make the market. Your Market-Maker will place orders “around” the spread, depending on your configuration. Whenever a new position is created/merged after your DCA order, your position needs to go down with the configured DCA percentage again before it triggers again. It may happen that your DCA successfully finishes its action later than configured, due to a limit order that isn’t filled.

Orders can be canceled when they’re not filled or are open longer than configured. The most recent award we have had the honor of receiving is getting #1 in the trading software. The developer, TokenTact, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy. Moreover, in an eBay-style rating system, you can view the feedback posted by prior users of the strategy.

This practice consists of buying three different coins to profit from market inefficiencies on the same exchange. We will explain this phenomenon more indepth in the section below. Market orders will be filled immediately, but could result in lower profits or bigger losses. Especially when there’s low volume or high volatility in the market. Limit orders are orders for a specific price that usually take longer to get filled.

Your TA strategy indicates that your bot should buy the same currency. If the toggle is switched your bot will not sell the currency, even if it reaches your Take Profit percentage or Trailing Stop-Loss. Finally, in terms of pricing, we think that all three plans offer excellent value. Even at a price https://daocoin.money/review-of-the-tokentact-bot/ tag of $99 per month, in the grand scheme of things this is a reasonable price to pay if you’re serious about committing to an automated trading system. We also really like the drop and drag framework that the platform utilizes when it comes to designing and building your bespoke automated strategies.

After completing the questionnaire, these tokens can be traded like regular tokens. Also, remember that if you’ve enabled “do not overwrite/reset triggers”, all your new template settings will apply except for the triggers. In our example, we won’t overwrite/reset triggers since we’re only using two of them. If you’re a conservative day trader or scalper, trading with the trend is key. To ensure you’re trading in the right direction, you can use trend-following indicators on the larger time frames in order to identify the broader trend. It’s recommended to search for information about the specific coin on your exchange.

The demo trading account requires you to select a trading strategy and set stop loss and take profit functions. Before we look at what TokenTact is, it is essential to note that you do not need to understand trading jargon to use this robot. All you need is to follow the guidelines provided to set up their web-trader and click live trading to start trading.