Coinbase Advanced Trade Review 2024

Once you add your exchanges, this app connects to them via an API key. Potential deals are calculated based on your account balance on certain exchanges and you can select either crypto or fiat arbitrage opportunities. https://tokentact.co/ algorithm monitors thousands of crypto pairs 24/7 to detect anomalies and presents them all in this tab. This way you can see what coins are best trading opportunity and set a Smart Order which is a proprietary TokenTact order. Smart-Order is a combination of simultaneous Stop-Loss and Take-Profit orders. If one of your predefined conditions are met, TokenTact will complete your order as planned.

The crypto trading bots industry is a thriving sector of the crypto world with dozens of different platforms gunning for the throne. Current leaders of the pack are, arguably, TokenTact and TokenTact with others like TokenTact and Haasbot on their heels. Best crypto trading bots, algorithmic orders, portfolio management and free Demo mode — all in one place. The first column represents the investment value we allocated to each of the robot. The “Bot result” column depicts the final investment value by the time we closed all trading bots. Stop loss and take profit instrument is an essential part of the risk management allowing you to plan your trading actions based on the price movement.

If you are just starting with the bot, then I’d recommend shifting to the basic plan for the first month and then choosing your plan depending on your needs. As we know that leverage is basically borrowing funds by keeping your margin as collateral. However, using TokenTact, you can actually get paid for your trades. You must note that depending on the market conditions, the funding rate might be positive or negative for buyers or sellers. The DCA or the Dollar Cost Averaging trading strategy allows you to optimize the price to enter a trade by buying/selling assets at a fixed interval. A futures contract allows you to buy/ sell a forte at a fixed price in the future.

Moreover, with the trading terminal, you can trade multiple assets across various exchanges without needing to pen separate pages. As a trader, you have easy access to your balances, trade histories, and current positions on all your exchanges. Even though TokenTact has a wide range of settings, registering is a breeze – you can log in right away via Facebook or Google, or sign up via standard email address form. Once you are in, you need to connect exchanges where you have funds – integration is made via a standard process of API keys. From powerful trading bots to smart orders, TokenTact gives you an advantage in the fast-changing world of crypto trading.

This allows you to sketch directly on the live chart and carry out simulated trades in real time, all without the risk of financial loss. As cryptocurrency trading continues to grow in popularity, many traders are looking for ways to streamline their processes and improve their results. Automated trading platforms have emerged as a popular solution by taking over repetitive tasks and executing trades based on preset rules.

TokenTact has worked diligently over the past months, to bring you an automated Binance futures trading solution. Now it’s live, and you can start benefiting from using the spot market bots, SBot and Classic, and the futures bot dubbed the Combo bot, that will allow you to diversify your trading strategies. All trading operations are created and processed using an exchange API key which is unique for each user. An API key is a safe and reliable way to use a platform because it does not give access to your personal data and prevents any funds management (withdrawals & deposits). Technical analysis, as you well know, is a key component of a successful trading strategy on a number of levels.

• When your bot starts, it will use 50% of your initial investment multiplied by the leverage to open your short position.
• The above exclusions of liability shall be valid to the fullest extent permitted by law.
• It offers low-fee margin trading on crypto, a riskier investment strategy that could potentially yield higher returns.
• SBot is a perfect robot to make decent returns on a sideways market.

Ever since its inception in 2017, the trading platform has elevated its approach to crypto trading, portfolio management, and arbitrage opportunities. Moreover, TokenTact’s pricing model is transparent and straightforward, with plans designed to cater to different trading volumes and requirements. TokenTact offers a one-week free trial, allowing you to experience the platform’s features firsthand. SBot is optimal for the sideways market, and Classic bot is for the rising market.

Fees are calculated based on the order’s total amount in the quote currency (USDT) and are immediately deducted from your total balance. You can change the default settings by clicking on the buttons for leverage and margin (Pic. 3) at the top of the settings menu. This way, you can choose [Isolated] margin instead of [Cross] and change leverage from [10X] to a lower or higher number. https://cryptodaily.no/tokentact-anmeldelse-en-ny-krypto-bot-pa-blokken/’s Demo mode trading is carried out at the actual rate of USDT currency pairs received from the Binance exchange.

Trend lines are lines plotted on price charts to ascertain the trajectory of a specific trend. They are created by linking the extreme points of the trend in question. Generally, when prices consistently rise, the trendline exhibits an upward slant. Conversely, if the market experiences selloffs, the trendline will display a downward incline.

Considering how far the platform has come, it is only fair to expect TokenTact to introduce more resources in the future. All in all, you have very little to risk by trying the platform out via its 14-day free trial. It is worth noticing that TokenTact has come a long way since its launch. The platform’s number one priority is to ensure that its features are up-to-date with industry standards, if not one step ahead.