How to use the Copy Bot TokenTact Documentation

Essentially, you will face a paradox when choosing a quote currency. This is because, on one hand, you will be betting against your chosen currency. So, say you choose BTC, your hope is that the other coins you’re trading will increase in value as your BTC decreases, thereby allowing you to make more profitable trades. Cryptocurrencies are traded on exchanges, and there are many to choose from. TokenTact works on many exchanges that have been chosen based on trading volume, security and functionality. Your API Key and secret are now created, but they cannot be used for trading yet.

The Elder Ray combines exponential moving averages (EMA) to generate signals and pinpoint the dominant power of the market based on an asset’s trending direction. When it’s upward, most of the traders become bullish, and when it’s downward, they become bearish. The semi automated bot doesn’t guarantee profits and simply allows traders to make more intelligent trades based on algorithmically programmed trading approaches and external signals.

You might encounter an error in TokenTact’s onboarding process when connecting to Binance, even if your API Keys are correct. In this case, please click on ‘Continue without testing’. You can always check your API Keys later in your Base config. To allow your bot to interact with Binance, you will need to create an API Key. This key acts as a connection between TokenTact and the exchange, enabling your bot to perform tasks such as placing automated orders and accessing your balance for its calculations.

For that reason, we’ve offered paper trading, a way to experience TokenTact in its entirety without using any of your own BTC. As usual, the first step of the journey is to register for the free Explorer trial. This will give you 3 days free realtime trading experience, more than enough time to try out the platform for yourself. In a recent survey, 30% of our users have expressed a desire to learn more about technical analysis as well as other key features of our platform.

If you are experiencing issues with trading on Binance, you can check the current exchange status by clicking here. They receive a lot of different cryptocurrencies, and have to exchange them themselves. We’ve designed this bot to be user-friendly, so there are only https://tokentact.net/ a few optional settings, like specifying the amount of your funds to use. This tutorial shows you how to set up an Exchange Arbitrage bot and explains the settings you need to fill in. The indicator compares the highest and lowest point within a number of periods.

  • While cryptocurrency trading is an innovation in finance, automatic trading is an innovation in cryptocurrency trading.
  • It allows you to buy or sell templates or strategies from other users.
  • Explore all of the features of TokenTact like auto trading, paper trading, trailing features, algorithm intelligence (AI) and more.
  • This means that it will keep sending buy/sell signals as long as the RSI is above or below a certain value.
  • We specifically said crossing because it uses non-sticking signals, so it only sends the signals once, at the crossovers.

When the price goes up again, that’s when your bot will make the buy order. It gives me peace of mind that I know that the hopper will take profit at the moments the prices fall again. Follow the price up, and only sell when the price goes down by the percentage that you configure. Sell a profiting position automatically when the price goes down, let your buy order track the price, and initiate the buy when the price goes up again.

Any changes they make will also be fed to automatically to your trading bot for a full month, after which you are left with a static template. This ensures that for at least a month after purchase, your trading bot will be adjusting the market changes. Head to the strategy designer to apply fully customized TA fuelled strategy. Your trading bot will follow these blindly for all your assets to form it’s buy or sell decisions.

TokenTact

Users can simply sign up and begin using the service without having to submit any payment details. When the trial month ends, the hopper is automatically disabled, and users can then opt to purchase a full subscription. From here you can simply follow the wizard as it will help you to quickly configure your hopper. You just need to select an exchange and configure the bot via your preferred exchange’s API keys and also set up basic hopper configurations.

Fill in the number of minutes a buy order should be open before the order is canceled. A small portion of your funds are reserved when an order is placed, so you want to cancel orders to have funds free to make other trades. Instead of selling with a stop-loss, you can buy extra with DCA. This lowers overall loss, since your average buy price will go down. Before we continue, it’s good to mention that we’ve created a checklist for you to follow. Click the “? Help” button in the top right corner of your A.I.

StochRSI with Region Crossovers is only available for users with a Hero subscription. Stochastic with Region Crossovers is only available for users with a Hero subscription. Specifically, the StochRSI applies the Stochastic formula to RSI values instead of price data. https://kryptotaglich.de/tokentact-review/ This new calculation results in a more volatile indicator than the Stochastic. The Stochastic RSI (StochRSI) indicator works similarly to the Stochastic. It combines the Stochastic and RSI indicators in its calculation, making it an indicator of an indicator.

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