TokenTact’s backtesting tool saves months from devel… Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. The TokenTact Grid Trading bot is among the most popular on the platform.


The ROC sends a buy signal when the momentum turns positive, so when the momentum line crosses above 0. It then sends a sell signals when the momentum turns negative, so when the momentum line crosses below 0. Like other moving averages, traders use this indicator to spot trends and trend reversals. This is done by crossovers between a fast and a slow moving average. 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.

  • On the other hand, partially automated trading consists of the app gathering tradable insights and recommending them to the user for execution.
  • This is done mainly by crossovers between a fast and slow moving average.
  • TokenTact does not allow fiat withdrawals, so to move funds out of the platform, you will have to withdraw one of the supported cryptocurrencies.
  • If you want to read more about TokenTact, please check out our in-depth review right here.
  • Fill a withdrawal request form, and your funds will reflect in your bank account within 48 hours.
  • The first paid package is the Explorer Hopper package which costs $16 a month and gives much greater power and options.

TokenTact requires users to pass a KYC process, which is automated and smooth, usually taking under 10 minutes. The API key is needed to send data from to TokenTact and vice versa. This will allow your trading bot to trade automatically, while your funds will always remain safe on your exchange. TokenTact is an entirely cloud-based SaaS (software as a service), operates 24/7 and can trade up to 75 cryptocurrencies at once. The bots available on any bot trading platform work only as well as they are designed by the user. Before deciding to use a trading bot, you should first understand if they are right for you, and if they are even worth it.

As an example, suppose you’ve had great success trading a range in Litecoin during the week. While you could certainly implement a strategy to trade the range on your own, it would mean you need to remain glued to your computer. Any time you are away, even to sleep, means you could miss a profitable entry or exit. The strategy designer is very easy to learn, and there…

The marketplace allows users to browse and modify existing trading bots created by other users. The marketplace includes bots with transparent historical track records and user ratings for added reliability. Templates are preconfigured bots that have the settings already set up for you. With TokenTact, there are a lot of different features, which can be overwhelming. Marketplace Sellers often recommend you use complementing strategies or trading signals, so ensure reading the template description.

Do you experience issues with trading on Bybit Click here to check Bybit’s exchange status. On the other side of the market, you could also tell the bot to sell a given amount every time the price of Bitcoin decreases by 3% or some other amount. The TokenTact bot is only going to perform well if you instruct it properly.

Use indicators to recognize market trends, and configure different trading strategies per market trend so you can switch between strategies as needed. Discover how to use trading signals, trading strategies, bot templates, and apps. If you’re a frequent cryptocurrency investor or you need more advanced tools than your current broker offers, TokenTact can be the answer that you’re looking for. Another advantage of trading on TokenTact is that you can track all trades on the Dashboard. In the bot output, you can see precisely what the possible issues are during the buying and selling of the received signals.

Most successful traders use a good strategy combined with real-time technical analysis and indicators. TokenTact is an online platform that provides users with an automated trading bot for the cryptocurrency market. It allows users to trade cryptocurrencies 24/7 based on pre-programmed conditions. The platform has been helping traders succeed since 2017 and is considered one of the most reliable and trusted automated cryptocurrency trading solutions. As the other moving averages we’ve previously seen, buys and sell signals are generated through bullish and bearish crossovers.

This creates a very smooth moving average that doesn’t react quickly to market volatility, therefore, filtering out the noise of the price and pinpointing the main trend of an asset. Like other moving averages, the DEMA is usually traded through crossovers between the fast and slow moving average. The Chaikin A/D Oscillator is a momentum indicator that adds volume to its analysis. As many traders say, price follows volume, and this indicator is used to analyze the current momentum of the price to predict future price movements. Similarly, when the line crosses below 0 it means the shorter moving average crossed below the long moving average, which triggers a sell signal. As complicated as the whole trading, signals + adding bots and money are…..I have to say the directions and the online assistants have made the process work for me.

Using bots such as the ones available on TokenTact is a popular way to perform arbitrage trading. To calculate your capital gains or losses from your cryptocurrency trades, simply subtract your cost basis in the asset from the fair market value. Cost basis is simply the amount in US Dollars that it cost you to acquire that coin. Fair market value is simply the amount in US Dollars that the coin is worth at the time of trading it or selling it. Then, how can you use this indicator in your automated strategy? When the ATR line goes above the moving average, the market is more volatile and the price is moving, then the ATR will let another indicator(s) to give a buy or sell signal.