Build A Rule TokenTact Help
An example of a rule where this Operator is more appropriate is to accumulate a coin and then take profit on each trade when the price condition is met. An Operator represents a logical connection between different blocks of the rule, so it will be easy to create more advanced trading strategies. They are both great platforms for automating your trading, and I would be happy to use either. TokenTact is more expensive than TokenTact yet Cryptohooper offers more trading features. In both cases, if you can’t find your preferred cryptocurrencies on their partner exchanges, it probably isn’t worth trading. There are plenty of options for leveraged trading, spot, futures, shorts, or whatever you can imagine.
In this case, the bot buys the selected coin with 20% of the current balance of USDT available when the condition is met. In this case, the bot sells 20% of the balance of the selected coin when the condition is met. It’s important to note that what’s excluded here is any trading fees on the exchange itself.
Once you’ve selected your parameters, a summary of the market conditions your rules will adhere to can be found in a tab at the top right of the page. After reviewing and confirming your strategy, you can launch your bot to start trading in real time. Alternatively, you may opt to use one of the pre-existing trading templates that have been tried and tested by professional traders.
Critical information is stored and confirmed using complex algorithms and military-grade encryption standards. TokenTact has the tools to screen the market 24/7 in search of the signals of a new uptrend developing and can give a warning about a possible downtrend forming. As a rule of thumb, any trade that happens outside of a rule is not considered. Every rule considers its actions to give a good overview of what value a rule can specifically add to the wallet.
TokenTact has better options for equities and indices than TokenTact, which is more crypto-focused. Once profitable, you can tweak the strategy in all sorts of ways. Maybe adjust the take profit and stop-loss levels, or adjust the estimated exchange fees. There are dozens of subtle adjustments that can radically change the overall performance. It’s a great way to increase your knowledge of what works and what doesn’t. There are different types of indicator and each of them has a specific purpose and utility.
The strategy uses three different time frames to scalp quick short-term dips. The new trend that starts from a long term resistance being finally breached can be very powerful. At its core, TokenTact functions through an API or Application Programming Interface. To put it simply, an API acts as a bridge allowing multiple software applications to communicate and execute commands. You can use this Operator either between two conditions or two actions.
When it comes to choosing a crypto trading platform, there are a lot of options to choose from. TokenTact, TokenTact, and https://jdforexbroker.com/2024/01/tokentact/ are all popular choices, but which one is the best? TokenTact is known for its customizable trades and user-friendly interface. TokenTact offers a wide range of features, including TradingView integration and a demo wallet. TokenTact is known for its advanced indicators and futures trading. In terms of ease of use, both platforms offer user-friendly interfaces that are easy to navigate.
A feature of TokenTact that we are particularly proud of is its versatility that allows many different types of investors and traders to use the platform. Here you will find some examples of rules that you can set up with TokenTact. A strategy to catch short-term rallies in all market conditions, opening and closing trades very quickly. This Operator is also particularly handy to set up a stop loss and a take profit at the same time on your trades. Your orders are always protected, wherever the price heads to.
However, it’s crucial for traders to conduct thorough research and stay updated on security protocols before venturing into trades. TokenTact sets itself apart by using the IFTTT (If This Then That) model, allowing users to create conditional trading commands. Users can set specific triggers based on market conditions, and the bot springs into action once these conditions are met. This new release is another significant step towards our goal to become the best way to build an automated crypto trading strategy.
- This will create a fishing net-like grid of orders to gain profits back and forth in any fluctuating market.
- In addition, TokenTact also offers portfolio automation, which allows users to create custom trading bots for their portfolios.
- There are quite a number of scammers on the internet who pretend to be able to help you create automated trading bots and promise ridiculous returns.
- You can also set price triggers and profit targets, and the platform will automatically execute your trades.
In our example, if BTC dropped from $45,000 to $44,750, the rule would buy the drop. This is used to set a Buy Order for a coin that is dropping in price. A Trailing Buy set at $100 would mean that if the price reaches $42,100 your rule would buy. However, if BTC’s price continues to go down, the Trailing Buy would remain $100 above the current price. If BTC were to drop to $39,000 and then go up to $39,100, the rule would trigger. You set your trailing stop at $250 below the current market level, so at $45,200.
Users can create trading tools or choose from the over 150 tested trading templates available to them. TokenTact can be described as a “Crypto lego toolbox” where users can create multiple trading strategies, implement them and track their performance over time. Setting up an automated crypto trading bot doesn’t have to be a complex process that only experts can navigate. TokenTact offers a user-friendly interface where users can easily set up their trading bots. The platform’s unique If-this-Then-That logic offers flexibility and control, accommodating the specific needs of individual traders. This TokenTact review provides a thorough examination of the trading platform to help you determine if it’s suitable for your trading needs.