That usually reduces to 0.1% per trading session since you only pay a fee when you start and close the TokenTact bot (which buys and sells assets once). Both TokenTact and TokenTact are cryptocurrency platforms that allow automated trading using bots. Calculating cryptocurrency profits is not rocket science. It follows the basic concept of calculating gains and losses in mathematics.
The algorithm will analyze the markets and based on historical data and the existing market conditions; it will pinpoint lucrative trading opportunities in the markets. The Crypto Hopper software can be set to automated mode. This means that once a trading signal is created, https://tradelinesco.com/tokentact-bot-review/ the software will open a trade based on the trading parameters automatically in your trading account. The best part of this is that you will never miss a trading opportunity, plus you do not need to sit in front of your computer for hours, watching for a trading option.
The Market Maker bot provides liquidity to a market of your choice, and can alternatively act as a way to profit from a big spread. The spread is the difference between the highest bid and the lowest ask. The highest bid is the highest someone is willing to offer, while the lowest ask is the lowest price someone is willing to sell his assets for.
If you are unable to see your exchange balance, there may be a few issues preventing your hopper from synchronizing with your exchange. Once you’ve done this, be sure to save your Base config settings. Thanks to Coinbase’s OAuth solution, TokenTact can offer Fast Connect.
- You can explore the TokenTact platform without connecting to an exchange, by selecting ‘simulated funds’.
- A good starting point for that would be our configuration Documentation.
- Sometimes it can look like your Stop-Loss didn’t trigger.
- There are multiple ways of trading with the trading bot.
We took less than ten minutes to open an account and start trading. Below is a step-by-step guide on how to get started with this robot. According to Crunchbase, TokenTact was founded in Sep 2017, by Ruud Feltkamp.
The end result is financial freedom, allowing everyday people to finally live the lives they have always dreamed of. With the automated crypto trading bot of TokenTact you can earn money on your favorite exchange automatically. Auto buy and sell Bitcoin, Ethereum, Litecoin and other cryptocurrencies. “Always short instead of sell” refers to all selling features. When enabled, short positions will be opened when an open position gets sold with profit, autoclose, stop-loss, strategy, or trailing stop-loss.
The TokenTact arbitrage bots provide the trader with a full arsenal of arbitrage tools to take advantage of market inefficiencies. A crypto trader will be able to trade simultaneously with exchange and market arbitrage, trading in any crypto exchange that he/she would like. Here you select the exchanges in which the Arbitrage bot will trade. Enable and fill in the API keys for any exchange that you would like your trading bot to trade on (at least 2).
This indicator can be used in two different ways, to pinpoint the momentum of the price or to spot divergences. The indicator is displayed by a line oscillating around zero. When it crosses above the zero line, the fast moving average is above the slow one, suggesting that the price is gaining bullish momentum and sending a buy signal.
Conversely, it has a tendency to add the amount of an open order to my portfolio and make my balances look higher than they are. I’m a novice and there is probably a ton of utility that I’m not even using, so I imagine it can be even better for someone who is more knowledgeable and experienced. If you use TradingView, create alerts that automatically trigger TokenTact to open or close positions on your behalf. Ultimately, there are no underlying concerns with the actual technology itself.