This feature allows you to consistently place a buying bid, X percent higher or lower than the current ticker price. It will enable you to offer a higher/lower price when you’re trying to buy or sell. This could ensure that your orders will be filled better, or that your buy orders are systematically cheaper. 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. Your risk management will cover your loss-making trades. Because your profits from each trade are generally small, a win rate above 50% becomes all the more crucial to your bottom line.
Some users may not feel comfortable with having a bot decide when to buy positions, and that’s where semi-automatic trading comes in. Use tools like the trailing stop-loss, trailing stop-buy, shorting, and DCA to upgrade your trading style. Copy trading involves mimicking the trades of experts on our platform.
If you believe that Coinbase’s API Key Policy should be changed to allow for immediate activation of API keys, we encourage you to take action. You can send a message to Coinbase or call them directly to request this change. Your feedback is important to us and we appreciate your support in helping to improve the trading experience for all Coinbase users. Verify your account and get started on the API by navigating to API.
TokenTact trading bots are built-in tools that use the exchange to trade without connecting to any third-party exchange. This serves as the central command center for your trading bot. TokenTact is an all-inclusive trading terminal that aims to make investing in the cryptocurrency market easier and more intuitive. Investors can automate their investing processes, copy professional traders, set signals and alerts through their mobile app and more directly through TokenTact. This allows investors to stay on top of the market no matter which coins they trade, which exchanges they use and where they travel. It is one of the best regarded crypto trading platforms available today.
As mentioned earlier, TokenTact offers both full auto and semi-auto trading. Full automation involves the robot doing all investment research and trading. On the other hand, partially automated trading consists of the app gathering tradable insights and recommending them to the user for execution. Easily synchronize them on your TokenTact Dashboard to show them as open positions.
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- The amount of time between scans is based on your subscription.
- Since DCA merges all existing open positions, the calculation could involve multiple “costs” and “amounts,” as shown in the OKB example below.
This could ensure that you only buy when there is positive momentum. Enter the alert message, generated from the alert generator, in the configured alert at TradingView and save the alert. If all goes according https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ to plan, your API key should now be filled in into your hopper. And remember, these indicators won’t always sync up, so we’ve designed the strategy to keep the Williams %R signal active for 5 candles.
If there’re positions in your exchange that are not showing on your TokenTact Dashboard, the Troubleshooter will tell you. For more information on where to find your assets and how to synchronize your positions, see this article. You can even configure how the market maker should sell its orders. In a sideways market, you want to execute your buy and sell orders at the same time. When the markets go up, you first want to place buy orders and sell later.
“Shorting percentage profit” is the profit percentage needed before a short position will be closed, meaning that you will buy back the same amount of the currencies for 5% less. Next to the “Shorting percentage profit”, you can also use “Trailing stop-short”. Trailing stop-short will trail the profit percentage downwards. When the short positions have reached the “Arm trailing stop-short at” percentage, it will close the positions when it has gone up more than 1.5% since its lowest point. Your bot will work to increase the amount of this currency.
With a comprehensive trading terminal and an intuitive layout, even complete beginners can quickly get started investing through TokenTact. Many investors use multiple exchanges, as not all altcoins are listed on one exchange. TokenTact fixes this problem by aggregating different platforms into its system to optimize your trading experience. The following crypto exchanges are officially supported by TokenTact.
