The interface does not use complicated trading jargon so even newbies can find their way between the different options. TokenTact has 24/7 support through the chat interface for technical assistance and help with navigating through the platform. Also, they offer users personalized support and periodically arrange calls with users to give them a better understanding of the platform, helping them optimize their strategies.
Users have access to all the template strategies, can connect three exchanges, and get one on one monthly training. Next is the Hobbyist plan, which costs $29.99 per month if buying on an Annual Basis. Users can trade up to $300,000 per month and use more technical indicators with the option of adding two exchanges to their accounts. An important thing to note is that these bots do not act on their own accord, they need a set of predetermined rules which are specified by the individual trader.
During the extreme bear trend market I used a strategy that yielded me 82% success rate. I just read through their library of templates & found one for that current market. Hi Handy, we are sorry you had a bad experience with our customer support. By the nature of the business we can only provide an average response within 2 hours, that is above and behind some other customer services you can find on free services. For the users on paid plans we reply almost real-time through the chat provided in the web app.
To do that, TokenTact uses the concept of realised and unrealised profit when calculating the P&L of a rule. Anyone who is already active on any of the supported exchanges can always give TokenTact a try in order to improve on the limited trading options many of those exchanges currently offer. The team can improve their security by incorporating 2FA authentication and notifying users of account activity via email/SMS. With regards to payments, TokenTact processes your purchases by using Stripe, and transactions are marked as a Merchant-Initiated Transaction (MIT) by Stripe. As a result, all your payment details are confidentially secured, and neither TokenTact nor Stripe actually have access to your financial data.
Trality has an active telegram page for its community of traders/investors. Users can make inquiries and receive trading support from Trality’s telegram support chat. While using Crypto bots has a plethora of advantages, there are some downsides that traders should be aware of.
- Their mission is to enable all users to compete with professional algorithmic traders and hedge funds.
- It would have been great to play (live) with the three rules but I’m not handing over cash, nor am I messing around with trial accounts.
- U.S. oil production is back at record levels, sparking a battle for market share with Saudi Arabia as OPEC+ tries to keep global crude supplies in check.
- TokenTact lets you buy and sell cryptocurrencies on Binance, using its advanced trading bots.
- Over 150 trading templates help users to create a bot in minutes from the very first login.
Selecting a specific timeframe allows your strategy to follow the trend of the price dynamically. When the price target calculated is reached on the market, the condition is met and the bot sends the order to the market. TokenTact allows a wide range of options so you can catch all the opportunities that the market offers. You may find it useful to have a look at our best-performing templates. After setting up the best Quote Currency for your strategy, it’s now time to specify the size of the orders of your rule. Before creating your rule, keep an eye on the funds that are currently available on the exchange.
These set rules guide how the bot responds to changes in the market. Your relationship with that non-custodial wallet provider is governed by the applicable terms of service of that third party, not by this Agreement. Wallets are not operated by, maintained by, or affiliated with us, and we do not have custody or control over the contents of your wallet and have no ability to retrieve or transfer its contents. By connecting your wallet to our platform, you agree to be bound by this Agreement and all of the terms incorporated herein by reference.
Also, it would help to close quickly not profitable trades so that the bot can move on to the next opportunity. The strategy tries to scalp Altcoins in the downtrend when the price decreases by 2%, re-buying the coin previously sold. Additionally, you can also add a stop loss to re-buy the coin in case the coin keeps increasing. Cryptocurrencies can experience sudden and sharp uptrends, and the RSI is a useful tool to find them. The rule spots the coins on a strong trend as their price could increase even more. The main goal of a scalping strategy is to open and close trades frequently, profiting from small gains and limiting the downside risk.
An Altcoin scalping strategy allows you to accumulate more Bitcoin on the way down with no need to commit more capital. TokenTact places a strong emphasis on ensuring the security of their users. To protect user information, the platform encrypts all API keys with sophisticated security protocols and stores all private keys on separate, encrypted data storage. Moreover, the API keys used to connect a user’s TokenTact account to their exchange account do not grant withdrawal rights. This means that even in the event of a data breach, the information accessed would not allow for the withdrawal of funds from the exchange. Before releasing your new trading bot into the environment, you might want to let it ‘Paper Trade.’ This is a dry run with play-money but against real live data.
https://daocoin.money/review-of-the-tokentact-bot/ lets you buy and sell cryptocurrencies on Poloniex, using its advanced trading bots. Create a bot strategy from scratch, or use a prebuilt rule that has historically been traded on the Poloniex exchange. Never forget that you aim to buy low and sell high – it’s the only profitable strategy.
Thus, the realised P&L does not fluctuate as it illustrates the performance of each closed trade. Overall, the profit calculation in TokenTact is designed to portray the real value TokenTact adds to one’s wallet while trading. Having a proper profit calculation allows traders to reassess their strategies’ success or failure and adjust accordingly. Creating strategies on TokenTact is pretty straightforward and you can get started by clicking on the “Create Rule” tab located at the top right of the Dashboard. You can then create easy to setup trading strategies based on “If/Then” parameters which allow you to quickly get going and take advantage of any market movements. When you relaunch the strategy, that will create a new rule with an updated starting price based on the new market conditions.