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TokenTact supported exchanges

Hence, their trade quality isn’t good enough to realize maximum profits. You must choose the sort of order placed, the price monitoring technique for closing the position, https://wolfstreetnft.com/tokentact-crypto-bot/ and provide the closing price in the stop loss setting. The purpose of the bot settings is to invest as much of your reserve before your Take Profit expires.

TokenTact

Instead, it uses API keys to execute remote orders on third-party crypto exchanges. TokenTact is not an exchange, and it connects with other exchanges using the API key. Since TokenTact does not store your API Keys, and uses the state of art security measures, it is quite safe. However, when setting up the connection between your exchange account and TokenTact, make sure to not give a withdrawal function to your newly created API key. Trader’s diary is another cool feature of this tool where you get a consolidated report of the trades that you have made on all the linked exchanges through TokenTact.

  • Our exchange partners are lovely to work with, and our traders appreciate it when we’re able to offer them new tools and new exchanges to use them on.
  • This function allows your Short bot to move the trading range downwards following a downward trend.
  • Once you make your selection, access your respective exchange account before proceeding.

The TokenTact grid trading uses either an AI strategy or can be set up manually by the user. To give our honest TokenTact grid bot review, we can say that it’s one of the simplest bots to set up on the platform as the gridbot requires very little technical analysis. The best grid trading bot can run unmonitored for weeks, raking in steady profits. This tool automates the buying and selling of assets based on a grid composed of buy and sell levels. Grid trading is most useful for cryptocurrencies that trend sideways and allow you to take frequent profits from their minimal movements. Unlike humans, who need to attend to daily activities and rest, crypto trading bots operate relentlessly, 24 hours a day, seven days a week.

Notably, you don’t need any special coding knowledge to use a trading bot like TokenTact, which makes it an attractive option for both experienced and new traders. Where TokenTact offers a 3 day free trial if you signup for their top “Pro” plan. It is impossible to say which platform is better in an objective sense. Both TokenTact and TokenTact give users a range of automated tools to choose from, and both will make trading crypto a lot easier. The trading school includes all plans and features, 4 courses covering crypto basics to trading strategies and how to build a trading bot on the TokenTact platform.

It is a notable market participant owing to its popularity and reputation. The rise of automated crypto trading has unfortunately been accompanied by an increase in scam bots. These fraudulent systems specifically target individual traders. To safeguard against these scams, it's imperative to choose reliable and reputable trading software providers.

You need to Cancel/Close all your active trades before you can delete any linked exchanges you may have. If you are using a different service provider, please log-in to your account and check the filtering settings there. When in Rome, do as the Romans do is 100% for trading, as each professional trader has practiced a great deal. Some use paper trading, others exhaust their deposits and regret it later on, and the rest are lucky ones first [they don’t lose], but eventually, even luckers lose — everyone loses. Here you can create orders to open, close and add to trades you have created. You select the price to execute an order and also the amount of funds you wish to use.

This function allows your Long or Reversal bot to expand the trading range downwards following a downward trend. Once the price falls 2 steps below the Low price of the bot, the farthest sell order at the highest price is canceled and placed 1 step below the bot's Low price. As the price continues to fall, the highest sell orders are again canceled and placed below the Low price, and so on. This function allows your Short bot to move the trading range downwards following a downward trend. Thus, the user-defined number of lines will increase due to additional orders until the price reaches the Stop expansion up level.

To successfully employ the Grid Bot, we emphasized the importance of manual analysis to identify trading pairs with strong support levels. Coins with high volatility were preferred, offering both risks and opportunities for profits. If we click on a pair in the GRID Bot settings (in our case, it is ZRX/USDT), a chart showing the grid itself and the executed orders will https://token-tact.com/ be opened. From time to time, when we open the chart, we will get a picture with some Bot analytics. Also, in the “My Grid Bots” section, next to your Bot data, you will see the realized profits on the right. If necessary, you can stop the Bot, wait seconds (so that the Bot can cancel all limit orders on the exchange), make changes to the grid, save and run it again.

Launched in 2020, Lux Algo builds feedback-oriented indicators to give traders new visualizations of every market. The platform provides both new and experienced traders with powerful tools and educational materials to give users a better trading experience. In addition, Lux Algo embraces interactions among users as they can connect and socialize on the TradingView platform. All the automated tools follow indicators generated from a well-analyzed market and apply different trading strategies to help you maximize your profit.

This optional setting allows you to set the size of your bot's orders. As soon as the highest sell order is executed, the bot will place an additional sell order one step higher. Once the price rises 2 steps above the High price of the bot, the farthest buy order at the lowest price is canceled and placed 1 step above the bot's High price.

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