TokenTact is a very capable automated trading platform, and it is a great fit for anyone who wants to be connected to the crypto markets all the time. Whether or not it is superior to TokenTact is a subjective question, and would be answerable only on a case-by-case basis. Let’s look through what TokenTact does, and get a feel for what it offers its clients.

• It will do this by taking advantage of price differences between the currencies available on your exchange.
• On the other hand, when it decreases, the price is losing momentum and it is likely to go down, which can give a selling opportunity.
• When you program the TokenTact bot you can think of it in terms of IF/THEN logic.

When the fast SMA crosses above the slow one, it sends a buy signal. On the other hand, when the fast SMA crosses below the slow one, it sends a sell signal. The Simple Moving Average is a common tool for traders to analyze the general trend of a price. The SMA is a trend indicator that smooths price movements to filter out the noise of an asset. When it changes from negative to positive, the bulls are more present in the market and the indicator signals a buy.

These articles explain how to use https://tokentact.net/‘s iOS and Android apps. How to change your email and password, set up a business account, notifications, and more. This tutorial shows you how to set up a Paper Trading bot. This tutorial shows you how to troubleshoot your Trading bot and provides a list of errors that can appear in your Output. This tutorial explains what the Strategy settings in the Baseconfig are when you use an AI. This tutorial explains the different settings when setting up a Trigger.

We’ve designed this bot to be user-friendly, so there are only a few optional settings, like specifying the amount of your funds to use. When the extension is installed and connected or you have configured your webhook url, you can start sending buy or sell actions to your hopper with Tradingview alerts. Markets change fast, so you need to be able to change your order price faster.

Crossovers are also visualized when the histogram changes color. The MESA adaptive moving average is a trend-following indicator. It adapts to price movements in a very unique way, based on the rate of change (ROC), as measured by the Hilbert Transform Discriminator. It includes several moving averages of which two create the so-called cloud. The cloud is the key component of this indicator, and all the entry and exit points will depend on it.

Use indicators to recognize market trends, and configure different trading strategies per market trend. With semi-automatic trading, you are the one who opens up trades, but you use the bot to sell them automatically. This way, you can do your own analysis on the price, but utilize our unique features to sell automatically. It is impossible to say which platform is better in an objective sense. Both https://cryptodaily.no/tokentact-anmeldelse-en-ny-krypto-bot-pa-blokken/ and TokenTact give users a range of automated tools to choose from, and both will make trading crypto a lot easier. All 16 trading bots from TokenTact are free, and the platform only charges 0.05% per transaction.

As far as which coins you can trade the platform currently supports Bitcoin, Ethereum, Litecoin, and 100+ other cryptocurrencies. More are added as they reach large enough trading volumes. If you’ve made it this far you know what TokenTact has to offer, and how its automated algorithms work. However, we haven’t discussed how the bot actually approaches the market on your behalf, or if it is safe.

Use DCA to invest gradually over time to mitigate risk, or to make up for a loss making position. Buying extra on a loss making position will lower the average buying price. TokenTact Backtesting serves as your personal library of tested bots, ready to be deployed at your convenience. Save and organize your successful backtests, creating a treasure trove of proven strategies. What I like best about TokenTact is that you don’t have to write a single line of code to use it, and this also applies to backtesting.

Click “API Management” for the sub-account you want to create an API key for. Create a second API Key by following the steps mentioned in steps 2, 3 and 4 and click on Save in your Kraken and TokenTact account. Allow a moment for the bot to link everything together, and your balance should become visible. This tutorial explains the different settings in the Market Arbitrage bot.