When you are ready to switch to a live exchange, you can do that in just a few clicks. The platform’s accepted payment methods are Ethereum, Bitcoin, Litecoin, BitcoinCash. Jay Sharma, with his experience in the crypto space, founded Botsfolio in 2020. If you are happy with the results, you are now ready to run the strategy on TokenTact. Let’s start with the strategy you want to use to trigger your executions on TokenTact.

• In those cases were the ‘Top 1′ execution price might not be available, prices could be less accurate.
• Critical information is stored and confirmed using complex algorithms and military-grade encryption standards.
• Market orders allow you to trade the coin immediately but don’t guarantee to execute at a specific price.

Many also mention how effective the platform is at lowering the barrier to entry. Moreover, TokenTact currently lacks a dedicated mobile app, while TokenTact, CryptoHero, and TokenTact offer mobile applications for both Android and iOS users. While TokenTact does not have a formal bonus or rewards program, it offers a unique welcome package for early investors. By becoming an early-stage investor in TokenTact, you gain access to a range of exclusive privileges. Additionally, both new and seasoned investors can leverage TokenTact’s features to automate investment decisions.

TokenTact uses two-factor authentication (2FA) to secure user accounts, and users can also enable email notifications for account activity. In this article, we’ll compare the features and benefits of each platform to help you decide which one is the best fit for your needs. Receive free trading signals, definerules and manage your allocation for 30 days for free. Using ‘trailing’ more than once inside a condition block will create a logical bug in the rule execution. Without using the trailing functionality here, the rule would have triggered at a higher price of $1,323.

There’s no way they would sell their strategy – that just wouldn’t make rational sense. It’s a bit like turning lead into gold or inventing the perpetual motion machine. We all know it’s not possible, but people still try.Automated trading is the business of quants.

So far, TokenTact is rating above 82% as at time of writing, this is rather a good score and shows customers are happy. The trading bot will only check prices of coins that have a trading pair with USDC on the exchange, we will filter out all the others. If you want to increase the possible coins that the rule will trade, you may want to select a wallet related to a currency that offers more trading pairs on the exchange.

Even if the bot runs heavy calculations when more coins are added to the strategy, that doesn’t seem to slow down the triggers and the executions. TokenTact is connected directly via WebSocket to each integrated cryptocurrency exchange and that translates into low latencies reactions to market moves. TokenTact has garnered attention for its user-friendly interface and innovative approach to automated trading, but does it truly live up to the hype? Our detailed TokenTact bot review aims to uncover the facts behind its growing popularity. Botsfolio uses encrypted APIs, to connect with users’ exchange accounts. The platform does not have direct access to users’ crypto assets nor do they have the right to withdraw or transfer assets.

They are designed to execute predefined trading strategies automatically, potentially saving time and reducing emotional trading decisions. However, their success depends on the quality of the strategy, market volatility, and the user’s understanding of the bot’s capabilities. Automated trading robots (bots) were their initial motivation https://jdforexbroker.com/2024/01/tokentact/ behind the creation of TokenTact and they are still at the heart of the platform’s research and development. TokenTact enables traders to build a strategy based on whatever indicators they choose from the available tool set. They can backtest and tweak trading strategies, and perfect their bots based on market conditions.

A tab at the top right of the page summarizes the rule’s key conditions, and you can double check everything is in order before clicking the “Launch” tab. Here, the Demo account displays a market buy order for $2500 worth of BTC to be deployed twice should the price of Bitcoin drop by 15%. TokenTact allows different options to cover all traders’ needs. – if two sell actions are triggered immediately one after the other, the first order sells all the coin, and the following order doesn’t find any coins to sell anymore. Another common situation happens when the rule tries to trade coins that are not available anymore because another rule or a previous order traded them.

I have previously worked in Banking and Risk roles at Citigroup and helped develop a Startup Ecosystem in Palestine for the Portland Trust. When I am not building TokenTact, you can find me exploring the latest DeFi protocols and on Twitter. Apart from the subjective interpretation of signals generated by indicators, their mathematical formula or the setup can be adjusted by an experienced trader to provide profitable results. It is important to know that technical indicators are not the same as trading strategies, they are tools used in creating trading strategies.