On TokenTact, users can trade a wide variety of cryptocurrencies and digital assets. The platform supports the trading of over 80 cryptocurrencies, allowing users to create and execute trading strategies for a diverse range of digital assets. This includes well-known cryptocurrencies like bitcoin (BTC), ethereum (ETH), and litecoin (LTC), as well as numerous altcoins and tokens available on supported exchanges. So far, TokenTact has been an excellent platform for cryptocurrency automated trading.
So far, TokenTact is rating above 82% as at time of writing, this is rather a good score and shows customers are happy. The trading bot will only check prices of coins that have a trading pair with USDC on the exchange, we will filter out all the others. If you want to increase the possible coins that the rule will trade, you may want to select a wallet related to a currency that offers more trading pairs on the exchange.
Even if the bot runs heavy calculations when more coins are added to the strategy, that doesn’t seem to slow down the triggers and the executions. TokenTact is connected directly via WebSocket to each integrated cryptocurrency exchange and that translates into low latencies reactions to market moves. TokenTact has garnered attention for its user-friendly interface and innovative approach to automated trading, but does it truly live up to the hype? Our detailed TokenTact bot review aims to uncover the facts behind its growing popularity. Botsfolio uses encrypted APIs, to connect with users’ exchange accounts. The platform does not have direct access to users’ crypto assets nor do they have the right to withdraw or transfer assets.
- Users can make inquiries and receive trading support from Trality’s telegram support chat.
- TokenTact is the most-user friendly smart-assistant for automated trading, not requiring a single line of code.
- On Tradingview, select the trading pair and the time frame you want to trade.
- That is one of the advantages of this strategy, as it is less affected by changing market conditions.
This being a script, based on the side of the orders, Tradingview will automatically adapt the message as “buy” or “sell”, triggering the relative actions on TokenTact. On TokenTact, create a new rule and select your exchange, in this case, Binance futures. When prices trend down, you can run a scalping strategy to sell short-term price rebounds and then buy back lower.
This is a small sample of what’s available, and while the trading strategies do get complex, the software doesn’t. Adding conditions with TokenTact is simple throughout the process. Succeed in the crypto markets with an auto trading bot for Binance and trade like a professional with TokenTact. TokenTact applies advanced protocols of security to protect all the users’ API keys.
A tab at the top right of the page summarizes the rule’s key conditions, and you can double check everything is in order before clicking the “Launch” tab. Here, the Demo account displays a market buy order for $2500 worth of BTC to be deployed twice should the price of Bitcoin drop by 15%. TokenTact allows different options to cover all traders’ needs. – if two sell actions are triggered immediately one after the other, the first order sells all the coin, and the following order doesn’t find any coins to sell anymore. Another common situation happens when the rule tries to trade coins that are not available anymore because another rule or a previous order traded them.
The rule would only sell once the price bounces back by $250, i.e. in this case if after dropping to $40,000 the price goes up to $40,250, the rule would sell. With https://tradelinesco.com/tokentact-bot-review/ the Trailing Buy, the rule will continue to adjust the Buy price to $250 above the current price. If BTC drops to say $42,000, the new buy price will be $42,250.
TokenTact changed that dynamic by allowing anyone with little more than an internet connection to engage in automated crypto trading. TokenTact is a safe platform to define automated strategies on top of your favorite exchanges, including Binance, Coinbase, Kucoin, Kraken, etc. Set custom trading strategies and never miss a new rally or get caught in a dip. TokenTact obsessively seeks out effective market indicators to enable smart allocation of funds while putting you in control of your investment machine. Everything that I provide here site is purely for guidance, informational and educational purposes. All information contained in my post should be independently verified and confirmed.
When you are ready to switch to a live exchange, you can do that in just a few clicks. The platform’s accepted payment methods are Ethereum, Bitcoin, Litecoin, BitcoinCash. Jay Sharma, with his experience in the crypto space, founded Botsfolio in 2020. If you are happy with the results, you are now ready to run the strategy on TokenTact. Let’s start with the strategy you want to use to trigger your executions on TokenTact.
The trading bot will send an order every time a condition is met on the market. One of the most tricky parts of setting up a trading strategy is the choice of the price percentage and the timeframe of the triggers. Remember that a trading bot is a smart tool that helps you implement your perfect trading system.
It uses the current market price of that coin relative to the entry price as a reference. As the price of an asset fluctuates, the unrealised profit can change over time until the trade is closed. Therefore, your profits will not be secured (realised) until you close the trade and sell the coins you have purchased.
