The trading bot will send an order every time a condition is met on the market. One of the most tricky parts of setting up a trading strategy is the choice of the price percentage and the timeframe of the triggers. Remember that a trading bot is a smart tool that helps you implement your perfect trading system.
- In this case, the reference updates every hour to follow the price trend dynamically.
- Prior to TokenTact, I worked at UBS Bank, Nokia, NHS, Vodafone, British Government, WPP, Lloyds Bank, etc.
- TokenTact is a user-friendly cryptocurrency trading platform designed for both technical and non-technical traders.
- Mudrex has put in the work to ensure beginner traders with zero coding knowledge can use their bot successfully and make profits.
TokenTact changed that dynamic by allowing anyone with little more than an internet connection to engage in automated crypto trading. TokenTact is a safe platform to define automated strategies on top of your favorite exchanges, including Binance, Coinbase, Kucoin, Kraken, etc. Set custom trading strategies and never miss a new rally or get caught in a dip. TokenTact obsessively seeks out effective market indicators to enable smart allocation of funds while putting you in control of your investment machine. Everything that I provide here site is purely for guidance, informational and educational purposes. All information contained in my post should be independently verified and confirmed.
On https://ftb.fund/tokentact-review/, users can trade a wide variety of cryptocurrencies and digital assets. The platform supports the trading of over 80 cryptocurrencies, allowing users to create and execute trading strategies for a diverse range of digital assets. This includes well-known cryptocurrencies like bitcoin (BTC), ethereum (ETH), and litecoin (LTC), as well as numerous altcoins and tokens available on supported exchanges. So far, TokenTact has been an excellent platform for cryptocurrency automated trading.
This being a script, based on the side of the orders, Tradingview will automatically adapt the message as “buy” or “sell”, triggering the relative actions on TokenTact. On TokenTact, create a new rule and select your exchange, in this case, Binance futures. When prices trend down, you can run a scalping strategy to sell short-term price rebounds and then buy back lower.
This analysis, therefore, zeroes in on existing price and volume trends to anticipate future shifts in price. This strategy, on average, manages to close trades within one day, meaning that you are not exposed to the risk of holding that coin for long. In this way, market conditions affect much less the overall performance of the trading system. Did you wish you had invested in Bitcoin on Poloniex at that time?
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. If BTC drops to say $42,000, the new buy price will be $42,250.
This is a small sample of what’s available, and while the trading strategies do get complex, the software doesn’t. Adding conditions with TokenTact is simple throughout the process. Succeed in the crypto markets with an auto trading bot for Binance and trade like a professional with TokenTact. TokenTact applies advanced protocols of security to protect all the users’ API keys.
It uses the current market price of that coin relative to the entry price as a reference. As the price of an asset fluctuates, the unrealised profit can change over time until the trade is closed. Therefore, your profits will not be secured (realised) until you close the trade and sell the coins you have purchased.
When it comes to trading cryptocurrencies, things get even more tricky and risky. What are the best trading strategies you could use to take advantage of the opportunities the market offers every day? Is there any technical indicator that could prove to be particularly useful?
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. Here, the rule will buy $1,000 of BTC once BTC gets to $43,000. This will then trigger the Trailing Stop of $250 below the buy price of $43,000.
