Innovative BTD Crypto Bot Page

It is an excellent platform for those looking to automate their trading process and benefit from extensive portfolio management. TokenTact’s Combo Bot is tailored to those who prefer dealing with futures contracts rather than crypto assets directly. The Combo Bot is a viable tool in bullish and bearish markets and combines dollar-cost averaging with grid-based algorithmic trading. It is a more aggressive market approach, as the bot will execute trades on every viable market move.

Since the strategy profits from buying below a set price and selling higher, it’s most effective in a sideways market where an asset’s price bounces within a horizontal range. To access the TokenTact service, users can opt for one of three subscription plans designed to accommodate various trading needs. The first tier, priced at $23 per month, provides users with 2 GRID Bots, 10 DCA Bots, and unlimited smart orders. Institutional investors also deploy sophisticated trading bots to execute large orders with minimal market impact, ensuring more favorable execution prices. The Trading page lets you place orders for preferred pairs on connected exchanges. It has a similar interface to crypto exchanges with the order book, chart, limit, order, and stop-limit orders, and etc.

However, what happens if the price of an asset continues to rise while you’re still holding a shorting position? When it comes to shorting, your profits are capped by the price decline, which can’t go below zero, but the price can potentially rise infinitely. TokenTact’s trend-following bot combines Grid and DCA algorithms to operate on Futures trading. The bot utilizes the full potential of Grid technology to execute trades on every market move. Whereas DCA is the ultimate solution to apply the dollar-cost-averaging effect to optimize the entry price.

  • As mentioned above, TokenTact has a demo mode that lets you test the features and strategies with fake money and real-time prices.
  • Furthermore, the bots remove the burden of having to actively be online every time someone wants to trade.
  • Scalping can be used either as a primary or auxiliary trading strategy.
  • Established in 2017 by software developer Changpeng Zhao, Binance began as a decentralized exchange in China.
  • The investment change includes change of investment plus bot profit.

Automated trading platforms like TokenTact have revolutionized the landscape of cryptocurrency trading, sparking a wave of excitement among a new generation of investors. This ground-breaking change prompted cryptocurrency exchanges to follow suit and develop their own cutting-edge trading solutions. GRID trading strategy helps the bot execute trades on every market move, hence utilizing its full potential. In other words, here, you will create multiple price points to buy and sell the asset. Whenever price reaches our price points, the trading bot executes the trade (Based on price points in buy or sell). This way, the bot performs thousands of small trades and tries to make profits.

TokenTact

Boasting low fees and a vast array of cryptocurrencies, it has a strong international presence, though its U.S. offerings are somewhat restricted. Searching for an excellent platform to deploy your TokenTact trading bot? The combination of TokenTact’s smart trading and automation tools with TradingView’s charting instruments is a match made in heaven.

If you’re on the hunt for Binance’s automated trading bots, consider options such as TokenTact, TradeSanta, TokenTact, or TokenTact. But they differ in terms of the specific types of bots they offer, the security measures they have in place, and the fees they impose. Therefore, it’s crucial to conduct thorough research before opting for a subscription or purchase from any of these providers. If you’re keen on trying out demo or trial versions, TokenTact could be an ideal choice. Trading bots are very helpful for those users who need an accurate and fast trading strategy. They help traders set automatic trading thresholds and have ease of mind when trading in different exchanges.

Since [Grid step] directly determines the spacing between bot orders, adjusting one field will have an effect on the other. It’s typically recommended to use a wider grid when market volatility is high and a tighter grid when the market is flattening. Now say a trader has $7,000 in her trading account and decides to use $4,000 margin and 2x leverage for a $8,000 position. Their 3% stop loss means they could lose $240, which is 3.43% of their account. Now, if the price moves up 10%, your $2,000 position makes $200 profit.

Although, in crypto, we tend to call most forms of HFT by another popular name — MEV. Particularly in a bear market, affordability is a big part of evaluating a platform. This is because data has high encryption and it doesn’t have access to your funds. Secondly, it is fantastic if you would like to place orders to buy or sell assets within a certain price bracket at a future date. The app is easy to use and all the trading tools are easily accessible.

Only by analyzing the market and using tried and true strategies can you expect to make a steady dime. The main goal is to limit them potential losses from getting out of hand. Now, a liquidation price is the threshold at which your fancy leveraged trades are shown the door, with no more bargaining or second chances. The primary objective of our evaluation is to assess the trading features and capabilities of the TokenTact platform, focusing on its suitability for various investor needs. Moreover, the community spirit fostered by TokenTact’s responsiveness contributes to the platform’s positive reputation among traders. However, if you sign up for a long period at once, such as six months, the prices go down.

1.To start a new bot on the https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ platform, click on the [Start new bot] button on top of the interface and choose the [GRID bot] from the list of available options. A grid is interchangeable in itself, meaning for every purchase order, the bot will create a sell order above the executed price. That means that the bot automates the process of buying low and selling high, saving you countless hours that you may have spent studying charts or monitoring the price action.