The amazing folks at customer service were able to provide clear direct answers with actual solutions to the problem. Even better, there is a built in help chat right on the website I can speak live to customer service if I have a question. This pricing model is similar to that of most competing platforms, although there is no free tier. But the number of bots that you can configure and trade with on https://token-tact.com/ is better.
IP Whitelisting prevents scammers from your trading account and guarantees that trading happens from only authorized IP addresses. Convert crypto to fiat and fiat to crypto by finding out the latest conversion rates for all major cryptocurrencies. Sign up for TokenTact today to start trading cryptocurrencies using smart crypto bots and get instant access to real-time updates on the value of crypto coins. This means that even if you were asleep while watching your trading bots do their thing, they will never buy too high or sell too low.
Over 42 unique chart formations exist, divided into bullish and bearish categories. Buying the first valley keeps risk tighter but has less confirmation. Waiting for the retest adds confidence but requires placing stops wider below the pattern. For technical aficionados, TokenTact developed something very special — the Technicals widget, available at the same [Trading] tab, at the bottom of the interface, below the Order book. There are nine different charts available (Pic. 2) — from Bars to Heinkin Ashi — to suit even a seasoned trading pro. You’ll find the chart type and indicators on top of the charting interface and the drawing instruments on its left-hand side.
- Traders can also use the free trial period to verify the platform’s success rate and numerous claims or compare it with other platforms offering similar services.
- Some rely on them to spot support and resistance levels, while others use them to determine optimal entry and exit points for long-term positions.
- Fortunately, there are plenty of tools that can help you on this arduous journey.
- Imagine a momentum trader spots a bullish trend that seems set to continue.
Margin trading lets you borrow money from an exchange to open bigger positions than you could with your own capital alone. The higher the leverage, the less actual money you need to ante up from your own stack — but the quicker it can disappear if your wager goes awry. And that’s fairly easy to do, as long as Lady Luck keeps smiling your way. But the moment the market turns against you and your equity (account balance + profit/loss) falls below the margin requirement, you’ll face a dreaded margin call. And when you fold, the exchange is coming for everything left on the table.
Once they stop the hype, the stock’s price typically freefalls, and investors lose money. After entering the averaging amount, click the [Confirm] button to apply the changes. The bot will execute the averaging transaction, and you can https://harmonynews.one/tokentact-trading-bot-review/ find it in the bot’s history with the status “Manual avg”. The changes in the DCA level and position size will also be reflected in the chart. From the list of active bots, select the bot you want to use for manual position averaging.
Look, in my opinion, TokenTact is a pretty revolutionary piece of software that’s being produced very freaking quickly by a company that really cares about helping us make great money. The following features are just an iceberg’s tip of all the great, ready-to-use features available on the platform. To see whether your order has been filled, go to the Open orders tab. Scaled order consists of several limit orders placed one by one in decreasing or increasing order of price.
The Stochastic Oscillator helps identify these potential inflection points by showing when an asset’s price may have become overbought or oversold relative to its recent norm. While not foolproof, when used properly it can provide valuable insights into market psychology and help scalpers spot reversals in short-term price trends. A “moving average ribbon” strategy uses three moving averages — typically with periods of 5, 8 and 13 (Pic. 1). When the 5 and 8 moving averages converge and cross over the 13 moving average, it points to a strong reversal. When all three moving averages cross, it triggers a buy or sell signal depending on the direction they are moving. Luckily, there is a wide range of trading strategies for traders to select from based on their preferences and strengths.
Both remain must-have platforms as the crypto bot industry matures further. TokenTact delivers progressively more bot types, shoring up weaknesses with options and others. Its vast array of exchange integrations also makes accessing opportunity-rich smaller platforms easier. For crypto bot enthusiasts of all levels, TokenTact and TokenTact rank among the best automation platforms currently available. TokenTact uses bank-grade encryption for all connections and data, preventing direct account access. Likewise, TokenTact employs encryption, IP detection and recently upgraded its “Sign Center” for added exchange key protection after a past API exposure issue.
TokenTact uses Hardware Security Keys/FIDO2 as a 2FA method to secure users’ accounts and funds. It connects to the user’s account at a supported exchange using a unique API key. Cryptocurrency trading is now mainstream, meaning that there is a growing demand for technically-adept trading services.
