If a new buy order is executed, the amount of the base currency in the open orders increases, and the base currency gets purchased at a better price. As a result, the total purchase price of the base currency gets averaged, and the BEP moves lower, allowing you to exit the trade or start gaining profits earlier than before. Use it to maximize profits on every price changes in a sideways market. TokenTact offers different modifications of trading bots, letting you combine various settings and strategies to achieve better results. Used and admired by 50M+ traders around the world, TradingView is by far the best charting platform to do investment research and spot opportunities across global markets. By subscribing to TokenTact, you’ll get access to the best TradingView instruments, plus TokenTact’s smart trading and advanced automation tools.
- This year, our traders have earned over $ 250 million with the help of TokenTact trading bots.
- Whereas DCA is the ultimate solution to apply the dollar-cost-averaging effect to optimize the entry price.
- However, Margin.de is a program that needs to be downloaded and run from a local machine while TokenTact is a cloud-based platform.
- Furthermore, read our review of the five best free apps on TokenTact to get some free stuff.
- Moreover, you don’t have to wait long to realize your profit—just open and close a position at the right opportunity.
TokenTact will autonomously execute your orders, showing your actual trading results. If you’re a novice looking to dip your toes into the crypto trading waters, starting with a widely traded pair like BTC/USD could be a prudent choice. With its high trading volume and reasonable price volatility, it offers a suitable environment to familiarize yourself with how the trading bot operates.
With fees as low as 0.0750%, which shrink even further with high trades or substantial holdings of the CRO currency, it’s a deal you can’t ignore. The Scalper Trading Bot from TokenTact follows the scalping trading strategy and is designed explicitly for the KuCoin exchange. Both the Flat and Buy the Dip come with preset configurations that aim to capitalize on a particular market scenario. At the same time, the Custom bot can be tweaked to your specific preferences.
There is no need to open the exchange account, and traders can change or cancel their positions from the chart. Thus, you can diversify your portfolio and increase your chances of making profits. Instead, they connect with exchanges via an API and issue trades to be executed on the exchange (where your assets are stored).
TokenTact is a cryptocurrency trading bot that was released in 2018. It offers a wide range of services including a demo mode, trading robots, signals, portfolio management, and many other features. You can maximize your returns by using higher capital and leverage. The futures trading bot at TokenTact uses the DCA trading strategy to divide your funds into smaller parts and buy the asset over a fixed interval, hence averaging your buy price. On the other hand, the bot uses the Gird strategy to place buy/ sell orders in your chosen range and take smaller returns from every complete trade. Currently, TokenTact is integrated with 30 exchanges, including Binance, Kraken, Bitfinex, and more.
Some argue that this is where crypto arbitrage comes in, as it allows traders to profit from price volatility across different exchanges relatively quickly. With the ability to connect to as many as 17 exchanges (and counting), you’ll be ruling your trading kingdom across all your connected platforms, empowered by 275 top-tier bots. TokenTact is a centralized exchange offering different trading bots and is based in Singapore. Beginners can very comfortably sign-up and create an account on TokenTact since the bots are free to use the experience on the platform becomes comforting. Moreover, signing up on the platform won’t take much time, as you can make an account by simply providing your mail.
The platform stresses that you and only you have access to your funds. https://jdforexbroker.com/2024/01/tokentact/ has detailed out how it addresses security concerns in different areas. The TokenTact demo facility comes pre-loaded with simulated ‘paper money’ and will allow you to trade with zero financial risk. If you want to test out a new strategy or make sure that everything runs smoothly, the backtest feature can demonstrate how your bot would respond to market changes. The interface allows you to easily switch between different exchanges by clicking on the platform name above the chart screen.
This will reveal a new widget on the right corner of your screen where the settings of your BTD Bot can be adjusted. In this part, you will learn how to create and run your first Buy the Dip bot. The process should be simple and quick, so please feel free to reach out to us via the Chat menu if you experience any issues (bottom-right corner).
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. When you connect exchanges to TokenTact, you can automatically trade the signals from this interface without the need for changing your exchanges.