Cart is empty Imagine you have two templates—one for bullish market conditions and one for bearish ones. You find all your funds that have trading pairs with your quote currency. The amount https://tradelinesco.com/tokentact-bot-review/ can be lower than what you see on your exchange. Some exchanges have main wallets and trading wallets, make sure that your funds are shown in your trading wallet.
If you invested the full amount initially, you would’ve paid $100 per currency. Switch the toggle so your bot will remove the Short position after X time. Switch the toggle so your bot will close the Short position after X time. When using the TSL, make sure to set either a high Take Profit, or enable “use Trailing Stop-Loss only”. The bot will always sell with whichever setting allows it to sell first.
- Some focus on trading a specific coin, others on one quote currency or a particular exchange.
- If you’re using a Paper Trading bot, you can use this article to deposit fake funds in your account.
- Since we’re waiting on an additional API endpoint of Coinbase, use USDT as quote currency.
- Now, let’s review how to calculate cryptocurrency profits.
- You can even configure how the market maker should sell its orders.
We highly recommend using a Paper Trading bot initially to become familiar with these settings. Additionally, our Backtester tool allows you to assess how your configurations would have performed historically, providing valuable insights into potential outcomes. This article serves as a comprehensive guide to TokenTact’s Trading Bot, offering insights and resources to help you navigate this innovative trading platform effectively. Finally, it is also worth noting that TokenTact offers a 7 day free trial. The trial mirrors the capabilities of the Explorer Hopper package, subsequently allowing you to get a feel of how the platform works before parting with your money. If you do opt for the trial, there is no requirement to provide any payment details, so it’s effectively risk-free.
You can also explore the Marketplace for pre-designed strategies that can be backtested before implementation. The best thing about the platform is that it is suitable for all experience levels. For example, if you’ve got no experience in trading, but you still want to utilize automated strategies, then TokenTact is perfect. When complaints have been made, this is mainly with respect to the marketplace strategies that users have purchased.
Another feature that I think is important would be some form of auto-reserving total profit at specified increments in order to lock in profits or something along those lines. The app seems limited in comparison to the browser version. Other than those things and a few other minor issues, I am enjoying using CH. It earns a 4/5 stars from me, leaving room for improvement. TokenTact is committed to simplifying automated trading while providing a robust set of tools and resources to empower traders of all levels. With this guide, you’re well-equipped to embark on your trading journey with confidence.
Fill in the percentage your position needs to go down before your Stop-Loss is fired. For example, if you want to sell your currency when the price drops 2,5% fill in 2,5%. Sometimes it can look like your Stop-Loss didn’t trigger. Check if the Stop-Loss percentage is filled and that there’re no Config Pools active. It would be amazing to have a chart displaying your portfolio which visually shows were, when, and why, buys and sells are triggered.
With semi-automatic trading, you are the one who opens up trades, but you use the bot to sell them automatically. This way, you can do your own analysis on the price, but utilize our unique features to sell automatically. Now, users will be able to take advantage of the big price differences between exchanges. A trading method that has proved to be incredibly effective in the crypto market.
You might wonder, how is it possible to spot price differences on a single exchange? If you’re running a script or application, please register or sign in with your developer credentials here. Additionally make sure your User-Agent is not empty and is something unique and descriptive and try again. If you’re supplying an alternate User-Agent string,
try changing back to default as that can sometimes result in a block. For an in-depth explanation of all settings, click here. Keeping track of your investments have never been easier.
When you enable auto-merge, the “max positions per currency” won’t be taken into account as all positions will be merged into one position. Switch the toggle so your bot will not try to buy a currency within your chosen cooldown period after a buy, sell or both. This prevents your bot from buying too much of the same currency when it receives multiple buy signals shortly after each other. Automatically switch between strategies with different market trends. Use indicators to recognize market trends, and configure different trading strategies per market trend. Market trends change, and so does your trading strategy.
You can sync the positions at current rates or fill in rates manually. Result – The result of your current trades, Remember that this is an average and doesn’t reflect the result of all the trading the hopper has done in total. With our A.I., your bot can automatically recognize trends and switch to a better strategy. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.