https://tokentact.co/ permits you to seize whatever opportunity even while you sleep! Trade With Algorithms with TokenTact today to manage your coins BTC every moments. 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. You may want to use USDT as the quote currency of a rule, but you don’t own any coins yet.

Now that both alerts are set up, you can launch the rule on TokenTact. A nine-day EMA of the MACD called the “signal line,” is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. The classic strategy with RSI is to buy the coin when RSI is low and sell it after the RSI rises. The best strategy to catch all the price swings on your favorite coin. You can adjust all the relevant parameters to see in real-time how results would have changed based on these changes. The chart shows precisely when the strategy would have executed, allowing a better understanding of how the trading system works.

Adjusting the parameters to experiment and optimize the results is very easy. As market conditions may vary over time, and the volatility can increase or decrease, you may try to improve the setup to catch more opportunities. Values by default are set to 2% for the dip, the take profit, and the stop loss, but you can easily modify them and see in real-time how performances would have changed. Even in times of severe bear market, it is possible to find some good opportunities among all the projects out there. TokenTact provides benefits that give its customers the knowledge they need to improve their trading strategies.

A typical example of market conditions where this strategy works perfectly is as follows. For each of the buy orders generated by the first condition, the bot will check the proper conditions to sell the coins when a sell-signal is generated. Some of them https://cryptodaily.no/tokentact-anmeldelse-en-ny-krypto-bot-pa-blokken/ wouldn’t have been profitable, and they would have lowered your overall return. SEC Chair Gary Gensler defended the regulatory changes, highlighting the $50 million exception and the importance of protecting investors in both crypto and non-crypto spaces.

Compared to other platforms, TokenTact is simpler and more user-friendly. TokenTact offers four distinct plans, each with its own set of benefits. The most basic option is the free starter plan, ideal for those looking to begin without any financial commitment.

• To backtest a trading strategy on Tradingview, select the coin of your preference, set the desired time frame, and add the trading strategy to the chart.
• I wouldn’t consider it a proper limitation, but just one aspect that every trader should always consider when analyzing the signals.
• So far, TokenTact has catered to over 120,000 users, executed over 5 million trades, and handled transactions exceeding $1 billion.
• They help you spot quite precisely the best time for buying and selling the asset.
• TokenTact shows the actual performance of your rules and what it adds to your holdings; hence, the net profit on the dashboard is the total profit of all the rules run on the account.
• You can also click on the “Timer” tab to configure how you would like to schedule your trades.

Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society. For me, the deciding factor has to be the backtesting functions. TokenTact sends you to TradingView to execute your testing, whereas it’s integrated into Cryptohoper’s platform. Yes, they’re extremely profitable for the people who sell them to you. Mathematical models are by definition imperfect, and the stochastic, non-linear nature of financial markets precludes any useful signal emerging from the ‘noise’ of the system.

TokenTact’s engine will always take the highest reached trailing order price from which to calculate the trailing decrease. In this case the rule would sell BTC and try to buy back with a Trailing $250 below the current price. This means that if you buy BTC at $43,000 and the price drops to $40,000, you would not have a Stop Loss / Exit condition defined on the way down. 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. With the Trailing Buy, the rule will continue to adjust the Buy price to $250 above the current price. Should the down trend now reverse and BTC go up by $250 to $42,250, the rule will buy back 100% of the amount you sold.

TokenTact encourages the use of Tradingview by sharing trading tips and strategies on its Tradingview profile. Additionally, since its launch, TokenTact has maintained a simple four-tier subscription model with a free option to help onboard new users. Cryptocurrencies can experience sudden and sharp uptrends, and the RSI is a useful tool to find them.

On TokenTact’s rule editor, you need to define the action you want to execute based on buy and sell signals. In this way, you can set up a maximum (or minimum) price for buying (or selling), so you won’t trade at unexpected prices. Before we show you how to create rules, let’s first highlight the two order types supported by TokenTact – the market and limit orders.

When the price attempts to surpass a certain level for a long time without success, it means that selling pressure is firm (and, from another perspective, buyers are not sufficiently convinced). All you have to define are the conditions at which you would like to buy. TokenTact will wait for those conditions to appear before executing your buy orders.

To log in, TokenTact uses two-factor authentication for enhanced security. If you need more than that, you can upgrade to one of three paid plans, with the following features. Prices below are monthly but can be paid yearly for a discounted overall rate. To get a sense of how TokenTact works, here’s a brief rundown of my experience.