Trading Browser is a global crypto guide for all traders and investors and our focus is always to deliver high-quality content for you, our readers. Some of our platform recommendations might be our partners and we may earn money through our links on our website but this does https://tokentact.co/ not change our opinions as all our recommendations are our own. For all new traders on the platform, there is a demo wallet that you can use to test all your new strategies and rules in a risk-free environment until you have learned the ins and outs of the platform.

TokenTact also uses Ukey1 as a secure authentication gateway partner, and as a result the team do not store passwords in their database. Ukey1 also encrypts all personal data and passwords are hashed using advanced algorithms, while the website is further secured by using Cloudflare CDN as to protect against DDoS types of attacks. The Hobbyist plan costs $29.99 per month (billed as $359 annually) and provides access to 2 Connected Exchanges, 7 Demo/Live Rules, and 30 Template Strategies.

The value of coins can fluctuate through time, so make sure to check before you sell (or buy). But perhaps the fact that the world’s largest bank by market value is paying attention to what was at one point a niche crypto market event is a sign of how high https://cryptodaily.se/tokentact-en-djupgaende-granskning-2024/ bitcoin’s stock has risen in recent years. Previous halvings have been no exception to that rule, with bitcoin climbing to new highs in the aftermath of each event. Last time out, its price surged from under $9,000 to about $60,000 in under a year.

If you ever encounter this error while setting your rules, TokenTact will alert you, ensuring you stay informed and avoid potential account restrictions. For those who are just dipping their toes into stock trading, Alpaca Paper Trading is also available on TokenTact. This simulation environment allows users to practice trading with virtual money, giving them a chance to learn, refine, and perfect their strategies before going live. If you are not ready to connect your APIs yet, or you want to test some rules without the risk of losing your capital, you can trade with a virtual starting allocation. Traders may buy the asset when the MACD crosses above its signal line and sell—or short—the asset when the MACD crosses below the signal line. MACD indicators can be interpreted in several ways, but the more common methods are crossovers, divergences, and rapid rises/falls.

TokenTact is a beginner-friendly and safe platform to send automated trading instructions to your favorite
exchanges. The strategy assumes each order to trade 30% of the available capital. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange. Depending on the volatility of the coins that the strategy will trade, it’s possible to adjust the RSI exit value to chase larger profits. There were 650,500 coins minted with this design and a circulated coin in good condition has recently (February 2024) sold for 18 pounds on eBay. The user has profited; however, since the action was not part of the rule, the system does not record the sell action.

• If “ price drops or a technical indicator has a certain indicator,” then buy or sell a coin.
• This simulation environment allows users to practice trading with virtual money, giving them a chance to learn, refine, and perfect their strategies before going live.
• They have previously built companies and discovered the opportunities of trading digital assets over the years.

Once you find a template that looks promising, you can backtest it, so you can quickly see how it would perform in real market scenarios. If you are not happy with the results, you can further tweak it and configure indicators to your liking. For this type of investor, TokenTact allows them to save a lot of time and execute their trades more efficiently. Beyond the approximately 200+ templated strategies, TokenTact gives you the ability to customize strategies. On a more basic level, here’s what it would look like if I wanted to buy $1,000 of BTC any time the price dips 10%. Receive trading signals, create automated strategies and manage your portfolio
for free.

Read more about how to set up a Grid Trading Strategy with 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. This is a guide to learn how to backtest strategies on Tradingview. In the “API settings” Tab, you can select “add new API” or click on “create one”. To create your API Key, login to your Coinbase Pro account and select the Profile Information on the top right. After creating your account head over to the «Exchanges» tab in the menu.

Many short-term traders will find that the bots, or rules, will outperform their own capability of trading by hand. All fees you pay are the fees paid on the exchange where your coins are stored. For example, if you choose to add the Binance exchange wallet you will be paying their fee which is 0.10%. Succeed in the crypto markets with a crypto trading application for exchanges and trade like a professional with TokenTact.

Master the crypto market by using an automatic trade bot and become a professional trader with TokenTact. 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. In that case, you may want to select a wallet that allows as many opportunities as possible for your strategy. Fiat currencies, stable coins, or BTC are good options but always double-check on the exchange of what trading pairs are available.

Some advanced users might feel there’s a lack in terms of order complexity, but the vast majority of users should be able to tweak their bots exactly to their liking. A significant point to note for all stock traders, especially those in the US, is the pattern day trader (PDT) rule. With bots, you don’t need to stay glued to your screens, once you pre-set your rules, the bots execute and work for you while you sleep.

TokenTact also allows you to backtest your trading rules and strategies prior to launching them. Check the complete list of TokenTact alternatives to see whether TokenTact is the right choice for you or if you should go with some other trading bot platform. In short, TokenTact is one of the more user-friendly options out there, so if that’s important to you, you should be more than happy to choose it as the main trading platform. The platform offers a guided process that helps new users understand the basics of automated trading and how to create their first rule. To gain a sense of how that works, you can check the following example.