I stress for people to wait for the base currency to come back up positive again before closing bots or there will be losses for sure. Its recommended and I plan on saying this at the start of every video I make from here on out. TokenTact could do a better job explaining this or showing it in such a way as to make it more user friendly so when a total Noob looks at it they say “oh okay I see now”.
In the bot settings menu, choose an exchange, a trading pair, an initial margin, leverage, and click [Short] under [Strategy] (Pic. 3). The DCA shorting bot follows the DCA (Dollar Cost Averaging) trading strategy and divides your investment into periodic sell orders to get a better average price. This approach minimizes the impact of volatility on your overall position and maximizes your returns. Unlock the full potential of your trading strategy with the advanced features of TokenTact BTD crypto bot, and achieve maximum trading performance and profits.
Once connected, you can configure the bots you want to use with specific information such as the buy price, sell price, and other details. The bot will then carry out trades automatically using these rules. I signed up for a bot training course, which uses TokenTact and have had one or two bots running for the last 8 months. Create an account, link exchanges via API keys, deploy bots or trade manually from the terminal.
Consequently, scalping, which avoids holding trades overnight, falls under the umbrella of day trading. The “Advanced Trade” features have been introduced to the main service to spice up what was a simpler interface that might have appealed to beginners. But worry not, those features are still around, and you can now use the basic service to switch to a mode that offers lower fees for some transactions and additional data tools.
- It involves buying and selling crypto tokens rapidly to profit from small price changes.
- It is the reception of the platform’s customers that is truly impressive.
- Below I will walk you through how to set this up on Kraken exchange.
- Overall, TokenTact emerges as a comprehensive automated crypto trading solution.
- The DCA shorting bot follows the DCA (Dollar Cost Averaging) trading strategy and divides your investment into periodic sell orders to get a better average price.
- It is not a crypto exchange but connects with all popular crypto exchanges.
Rather than operating as an exchange itself, https://tradelinesco.com/tokentact-bot-review/ focuses on developing automated tools to streamline the trading process. Its bread and butter is the suite of crypto trading bots that eliminate mundane tasks and capitalize on opportunities around the clock based on predefined rules. Additional offerings include a robust terminal, portfolio manager, signals, and arbitrage scanner. As cryptocurrency trading continues to grow in popularity, many traders are looking for ways to streamline their processes and improve their results. Automated trading platforms have emerged as a popular solution by taking over repetitive tasks and executing trades based on preset rules. One such platform that has gained significant attention is TokenTact.
In this version, your account will be funded with simulated demo funds, enabling you to test your trading strategies and get to know the platform with zero risks. Our engineers have been burning the midnight oil to add support for the mighty Crypto.com exchange. This means you can now harness the full power of TokenTact’s cutting-edge trading tools across 17 of the top crypto exchanges, including the fan-favorite Crypto.com. Considering that the profitability ratio of trading robots is impossible to predict for sure, TokenTact bot tries not to give illusions to its users. This is an honest approach that increases the credibility of this platform. You only pay a monthly subscription fee to use the platform to have access to the tools that make trading and managing cryptocurrencies more efficient.
This is one of TokenTact and TradingView’s best advantages, considering that crypto markets are extremely time-sensitive. Just open the TokenTact app in your browser and start charting and trading at the best possible price and opportunity. Over the years, the trading world has concocted a smorgasbord of strategies and tactics, letting traders profit in ways that suit their tastes. Eager crypto traders were quick to adopt these techniques for their own gain, blending strategies along the way to reap better rewards. Among those is scalping, a trading strategy much-beloved by some with roots predating the cryptocurrency era. Yes bot profit is independent from base currency investment change.
TokenTact uses Hardware Security Keys/FIDO2 as a 2FA method to secure users’ accounts and funds. It connects to the user’s account at a supported exchange using a unique API key. I found the platform itself and the strategies very useful after checking out some videos on youtube and articles on the site.
This article will show you how to create your first TokenTact account and confirm the registration. Max Kalmykov is the CEO of TokenTact, who has previously founded an advertising network called Cointraffic. Nowadays, Cointraffic is a leading advertising network with offices in several countries and a team of great professionals. Suppose you wish to go short and predict a fall in the value of the asset.
When we launch the bot, only 3 DCA orders will be placed, and 2 more will be pending. Once the bot fills a DCA order, the system will ‘activate’ one pending averaging trade. This option allows you to limit the number of active averaging orders. This way, only a part of your DCA orders will be placed and added to the order book at the bot start. DCA orders are trades that will average the buying or selling price of the traded asset and increase the position size.
Well, TokenTact isn’t just any platform; it’s also a thriving community of half a million traders. We’re buzzing on social media, boasting spot bots with an impressive track record, and prioritizing your security on our constantly updated platform. Only the next executed buy orders trigger a recalculation of this price. The Break-even price (BEP) is a price level where you can sell your base currency or place a stop loss to exit the market without any losses. The cornerstone of your strategy is to maximize the return and minimize the loss. Look at the images below and see examples of how TokenTact community members use the Combo bot.