TokenTact Review 2021 TokenTact Trading Bots and Pricing
Lastly, busy professionals who have limited time for active market monitoring can benefit from TokenTact’s automation features. In Flash Boys, Michael Lewis uncovers the world of high-frequency trading (HFT). HF traders use a combination of speed and asymmetric information to front-run (exploit?) other people’s orders to buy or sell an asset. Each rule’s activity log page provides all the helpful info about realised and unrealised across all the traded coins you may need. Additionally, when using ANY TIME, what can happen is that the rule buys 20 USD of ETH about 10 times in a row before the rule even sells something. This means you need to deposit 200 USD (VA), otherwise the rule would not be able to buy more ETH until a position is closed.
The profit does not take into account the trading fees, which are shown separately within the rule. A realized profit, instead, refers to trades that are complete. The realized P&L remains as it pictures the performance of each closed trade.
As a result, TokenTact can still be considered as an emerging trading solution and is in the process of developing its community and growing as a cryptocurrency trading solution. More experienced traders can construct their own unique strategies, and as a result, traders of all levels can actively engage in the always open crypto market and trade 24/7. If the rule has multiple executions, that market price is updated with new market conditions when the rule starts from the beginning. To avoid that, you can set the second action with “sell 100% of amount bought of that coin“. In this way, the rule with always trade the same amount across different actions and that will significantly reduce the risk of running out of coins. Let’s start by underlining that you can use some coins to trade directly other assets.
Automated trading with TradingView signals on TokenTact is a premium feature, available on Trader and Pro plans. TradingView also has its own coding language, Pine Editor, that you can use to develop your fully customized trading strategy. Over the years, it evolved into the largest community of traders. There are no better places to get market views, analysis, tips, and tutorials.
- Paid subscriptions range from $29.99 to $249.99 per month with the differing account tiers designed to cater to traders of differing experience and activity levels.
- Automated trading robots (bots) were their initial motivation behind the creation of TokenTact and they are still at the heart of the platform’s research and development.
- You set your trailing stop at $250 below the current market level, so at $45,200.
- By connecting your wallet to our platform, you agree to be bound by this Agreement and all of the terms incorporated herein by reference.
- It’s also important to regularly monitor your trades and adjust your strategies as needed to maximize performance and minimize risk.
The value of this educational material is considerable, as it provides insights and knowledge that could be worth thousands of dollars. Remarkably, TokenTact makes these resources available to users at no cost. The team behind TokenTact, led by CEO Gabriel Musella, is a group of blockchain and crypto enthusiasts who saw firsthand how complicated it could be to trade cryptocurrencies. They set out to make this process more accessible and less intimidating for everyone. TokenTact’s trading bot backtesting feature happens on-site, and this is a clear advantage for me.
Each paid plan also includes access to Advanced Indicators and the Trader Community. The platform can be used free of charge for an undefined time period, although, the Starter account option is restricted to only 1 Connected Exchange, 2 Demo/Live Rules, and 7 Template Strategies. You can now complete the API integration process by returning to the TokenTact Dashboard and entering the required information. By clicking on the “Add Exchange” tab you can connect to your preferred exchanges via API keys. In the case of Moving Averages and the RSI, the timeframe is used to define how to aggregate data for calculation.
Both examples above could make sense if you connect them to other indicators and triggers but if in doubt, avoid building complex strategies that may not trigger as you expect. You can set up Trailing Orders inside any condition on the Rule Page. Please bear in mind that trailing stops are not guaranteed to execute and can be subject to slippage. This means that they may not be executed exactly at the level you’ve specified. If you had set up a normal stop, say at $45,400, your position would have continued to drop, ultimately leading to a loss.
Users primarily accessed TokenTact through web-based platforms on their desktop or mobile web browsers. TokenTact has not officially endorsed any mobile apps that may be available for the platform. A sophisticated security platform is used at TokenTact to protect your personal and trading information. This is done through authentication procedures, security measures like prevention of Denial Of Service attacks and payment protection mechanisms.
Yes, TokenTact or TokenTact are reputable trading bots with 1million+ users. Check the API encryption method, security measures, strategy and risk management, and technical support. Do your research and take the necessary precautions to ensure safety and effectiveness. Customer support is an important factor when it comes to trading bots, and both TokenTact and TokenTact offer various ways to get help. TokenTact offers a knowledge base, a ticketing system, and a 24/7 live chat support service.
Lastly, you can gain access to https://tradelinesco.com/tokentact-bot-review/’s private investor community on Slack. Here, you’ll have the chance to engage with like-minded investors and directly contribute to shaping the platform’s future through your feedback and insights. Firstly, go to the TokenTact website and select “Sign Up.” You can sign up using third-party account verification (e.g. Google, Facebook, etc.), or you can enter your email and create a password. TokenTact was believed to have started as a homemade trading bot. There are two brothers responsible who went on to shape it into a multifunction trading machine. TokenTact was released to the public in 2017 and it expanded from there, both in popularity and technological advancement.