TokenTact: Crypto Trading Tools Apps on Google Play

During this process, the software will send a request via an API key, which connects to your chosen exchange, and then the trade is executed within a few seconds. This stage involves gathering information about a particular market. The bot analyzes the market and gives you the best trading decisions void of emotions, just as in manual trading. Besides running the basic order types, these indicators are also used to decide when a market is good to buy.

Emotional trading addresses poor decision-making due to fear or greed — traders might get greedy when the market is favorable, and afraid when the market is going against them. Imagine a robot trading on your behalf and working around the clock. If you never heard of a deal, how can you care about it or express even a tiny emotion? No more monitor staring and no more deposit losses due to emotional trading. However, as pleasing as this might sound, automated trading also comes with a few drawbacks.

It is especially beneficial in volatile markets such as cryptocurrencies. DCA bots are ideal for turbulent markets where you want to ensure that you properly exit a position once your take profit is reached. Grid bots are ideal for more stable markets or when you intend to make regular portfolio modifications. TradingView includes many tools which can be used as a base for the signals. The signals themselves can be one-time or repetitive (“everytime”).

Also, on this page, you can export all of the data related to your Bot. Having looked through the different coins and applied the basic technical analysis skills, we decided to focus on the ZRX/USDT pair. If you suspect your funds and/or account are impacted by this situation, we would like to get in touch with you.

• But while many people will simply try to buy or sell stocks, others might be more interested in trading Forex.
• An indication is a price or trade volume movement in a trading pair that notifies the bot to join (or quit) the market.
• Still, always be sure to stay updated with the latest advancements and trends in the industry to ensure informed decision-making.
• Most of these security measures are offered through a partnership with online security service provider Cloudflare.
• Do check out our detailed TokenTact Review to further details on the platform.

Do note that with bot presets, you can fine-tune your trading strategies for day trades, swing trades, and even scalping. This feature aims to streamline the trading process, ensuring you can easily juggle multiple exchange accounts, track assets, and never miss out on a trading opportunity. And yes, you can even initiate buy or sell moves using this crypto trading tool.

If you do opt for a paid-for plan, then you can either pay by PayPal or cryptocurrency. The former can be set-up as a recurring monthly subscription, while the latter needs to be done manually each and every month. So now that we’ve covered the ins and outs of what you can do at the TokenTact platform, in the next section of our review we are going to unravel the four pricing plans. Although the smart sell feature available via the SmartTrade hub might appear somewhat complex at first, it can act as a highly valuable tool once you’ve got your head around it. In its most basic form, the smart sell feature allows you to sell a specific coin, or group of coins, and then buy them back at a later date. Once you have the required credentials, you then need to head over to the “My Exchanges” section of your TokenTact account, followed by “Connect to a new account”.

It’s the difference between peak and bottom, normally calculated and displayed as a % of your trading account. Top-notch robots use market data analysis along with market risk forecasts to make the best trading decisions going forward. Bots can also spot major market trends, monitor local price fluctuations, track patterns, and more. Long strategies are any trading techniques in which you purchase a coin with the idea that its value will rise. Short strategies imply you believe the asset will drop – before it happens, you sell the asset and repurchase it after the drop.

In this constantly fluctuating environment, traders seek strategies that can help them navigate through the uncertainties with ease. Dollar Cost Averaging (DCA) emerges as one such strategy, providing traders with a systematic approach to minimize the effects of market volatility. Dollar Cost Averaging (DCA) is a trading strategy where the trader divides the total amount of trades across periodic purchases of a target asset. Traders deploy this strategy to reduce the impact of volatility on their overall purchase, and the DCA Bot is the main attraction of the https://harmonynews.one/tokentact-trading-bot-review/ platform. The roadmap includes an exciting feature where traders will be able to perform a combined backtest of their signal history with the platform’s built-in indicator history. This integration aims to provide a more comprehensive analysis, enabling traders to refine their strategies with historical performance insights.

TokenTact is packed with various built-in arbitrage strategies to maximize profits for newbies and experienced traders alike. Instead of diving into full-time trading, you can use ready-to-go strategies developed by the TokenTact quantitative analysis team. Arbitrage trading usually happens in the blink of an eye, which means you carry the lowest possible risk of price slippage. If trading without a bot, your price-related risks can be significantly higher, especially on volatile assets with lower market capitalization. Another anticipated feature is the ability to import signals history to perform a combined backtest with the built-in indicator history or TradingView strong buy signal history.

We did not know about the attack on our infrastructure before the public statement by the attackers on Dec 28. All the information we had available told us it was not coming from us. Now, when it became evident that our database had been exposed, we immediately took action to address the intrusion. We contacted the exchanges to revoke all API keys, launched a new investigation, and contacted law enforcement.