Like any trading software, experienced traders will get the most value out of https://kryptotaglich.de/tokentact-review/. There are no rules/conditions within TokenTact that allow for the transfer of your assets on an exchange outside of your account. Instead, it executes trades by connecting directly, via API, to exchanges where you have assets. Once I connected my account to one of the available exchanges (such as Coinbase), this trading strategy would operate automatically when conditions are met. 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.
The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. Thanks, yes runnign the rules on the demo exchange is the first step to verify if you strategy could work on the current market before going live. If you know when the conditions are right for your trades, then TokenTact is very good for making sure that the trades occur without you having to watch over the charts. The Demo Exchange is good for testing as well, providing you understand its limitations. The support staff are great at helping you with any challenges that you have in the set up or with the outcomes.
Before creating your rule, keep an eye on the funds that are currently available on the exchange. Bear in mind that even when you create a rule on the Demo Exchange, you need to respect the allocation available. With TokenTact you can decide when it is more convenient to buy one or more coins and let the rule execute your orders with no need to watch the market 24/7. TokenTact has various competitors putting forward similar products. Unlike most of its competitors, TokenTact lets you connect to several exchanges.
TokenTact enables its users to specify conditions that trigger an action on their trading accounts. If the specified condition is met, the TokenTact bot will proceed to execute a predetermined action. The reverse is also correct – if the condition is not met, then the action will not be performed. As opposed to most automated trading systems in the market, TokenTact employs conditional statements using the IFTTT model. The IFTTT (IF This Then That) model allows a user to spell out a given set of actions to be performed once a specified condition is met. We are thrilled to announce that now you can build your automated trading bot in a few steps and run it on Moving Averages and Relative Strength Index (RSI) indicators.
A backtesting tool makes the trader more confident about the likely result of his strategies and allows a detailed analysis of the historical performances of the rule. That gives the possibility to improve it, expecting even better returns in the future. Once you are happy with the indicator setup, you can set the alert by copying and pasting the needed data from the rule summary on https://tokentact.net/. Automated trading with candlestick patterns can be considered an advancement of the age-long tool for predicting price direction. With the integration of TradingView signals on TokenTact, trading with candlestick patterns just got easier. If you prefer to run it across all available coins on the market, instead, you may choose a tweaked version.
Receive trading signals, create automated strategies and manage your portfolio
for free. For example, suppose you want to buy an asset when two moving averages cross. In that case, you can avoid buying when the trend is not strong enough by adding a confirmation that the signal is still valid after a certain period.
- 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.
- You can adjust these percentages to the market volatility as an advanced setup.
- The Wormhole is the leading protocol of the Solana network for interoperability that works as a cross-chain bridge between Ethereum and Solana.
A straightforward and great tool will reach the requests of any crypto trader so no opportunity on the altcoin market will be left out anymore. One of the main rules any trader should follow is to have safety thresholds in place in case the market goes against you. Often, the decision to close a trade with a small loss can be a big advantage compared to keeping bags of coins with declining value in your portfolio. Patience is one of the most valuable virtues for traders, and waiting for the confirmation of a trading signal will add value to your strategies! Thanks to TokenTact, you can include this into your automated trading system. Calculating indicators only based on closed/confirmed prices represent the best way to calculate technical indicators to optimise their signals for your strategy.
Users can practice and refine their strategies in a risk-free demo mode, making TokenTact a viable option for those looking to automate their cryptocurrency trading activities. As a result, TokenTact should definitely suit less technical traders while still incorporating features that appeal to more technical traders. In terms of ease of use, both platforms offer user-friendly interfaces that are easy to navigate.
The V2 of the bridge now supports multiple popular networks, such as Binance Smart Chain, Avalance, Solana, Arbitrum, Fantom, Avalanche and Polygon, with more to come. Celer Network has been working on the scalability of the Ethereum network since 2019, and its core team is likely among the most experienced when it comes to interoperability. In summary, TokenTact doesn’t stand out particularly obviously amongst its competitors, notably lacking a number of features. Although each platform has its unique strengths, TokenTact could benefit from some further optimization. As an early investor, you have the opportunity to own a part of TokenTact.
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. Outpace the crypto market by using an exchange software bot on exchanges and let the TokenTact trading bot trade for you. One thing to keep in mind when deciding which indicator to add to your strategy is the intrinsic lagging nature of every technical indicator. Given that the bot calculates them starting from historical data, by definition, they can provide a signal (buy, sell or some other price confirmation) only after it happened.