Share this post with your friends and fellow traders to ensure they too are aware of these potential pitfalls. If something doesn’t sound right or feels off, always confirm with [email protected] or check in the ‘General Discussion’ channel of TokenTact’s Discord community. This could be on platforms like Discord, Telegram, or even through email. They might use the TokenTact logo, our brand name, or even the names of our team members. TradingView signals allow more power and flexibility for your rules. If you wonder is TokenTact legit or is TokenTact safe, we can reassure you that TokenTact is definitely not a scam.
Once you choose the trigger for your strategy, you can use alerts via a webhook to execute trades using TokenTact. Automated trading with TradingView is easy and allows all traders to step up their trading strategies. You only need to select the coin to buy or sell and the base wallet to use for the transaction, the bot selects the trading pair automatically and sends out the instruction as a market order. Each direct order supports up to five trades at the same time.
As a result, TokenTact can still be considered as an emerging trading solution and is in the process of developing its community and growing as a cryptocurrency trading solution. More experienced traders can construct their own unique strategies, and as a result, traders of all levels can actively engage in the always open crypto market and trade 24/7. If the rule has multiple executions, that market price is updated with new market conditions when the rule starts from the beginning. To avoid that, you can set the second action with “sell 100% of amount bought of that coin“. In this way, the rule with always trade the same amount across different actions and that will significantly reduce the risk of running out of coins. Let’s start by underlining that you can use some coins to trade directly other assets.
The value of this educational material is considerable, as it provides insights and knowledge that could be worth thousands of dollars. Remarkably, TokenTact makes these resources available to users at no cost. The team behind TokenTact, led by CEO Gabriel Musella, is a group of blockchain and crypto enthusiasts who saw firsthand how complicated it could be to trade cryptocurrencies. They set out to make this process more accessible and less intimidating for everyone. TokenTact’s trading bot backtesting feature happens on-site, and this is a clear advantage for me.
Both examples above could make sense if you connect them to other indicators and triggers but if in doubt, avoid building complex strategies that may not trigger as you expect. You can set up Trailing Orders inside any condition on the Rule Page. Please bear in mind that trailing stops are not guaranteed to execute and can be subject to slippage. This means that they may not be executed exactly at the level you’ve specified. If you had set up a normal stop, say at $45,400, your position would have continued to drop, ultimately leading to a loss.
Yes, TokenTact or TokenTact are reputable trading bots with 1million+ users. Check the API encryption method, security measures, strategy and risk management, and technical support. Do your research and take the necessary precautions to ensure safety and effectiveness. Customer support is an important factor when it comes to trading bots, and both TokenTact and TokenTact offer various ways to get help. TokenTact offers a knowledge base, a ticketing system, and a 24/7 live chat support service.
Users primarily accessed TokenTact through web-based platforms on their desktop or mobile web browsers. TokenTact has not officially endorsed any mobile apps that may be available for the platform. A sophisticated security platform is used at TokenTact to protect your personal and trading information. This is done through authentication procedures, security measures like prevention of Denial Of Service attacks and payment protection mechanisms.
- A resistance is a price that historically has proven to be difficult to overcome.
- I founded this site to help make a difference in people’s lives by
delivering objective, reliable advice and recommendations that help
them make more money, save more money, and invest wisely. - We will be giving a detailed review of the top Crypto trading bots in the market today.
- Thus we suggest making use of relatively small balances for each trade.
Each paid plan also includes access to Advanced Indicators and the Trader Community. The platform can be used free of charge for an undefined time period, although, the Starter account option is restricted to only 1 Connected Exchange, 2 Demo/Live Rules, and 7 Template Strategies. You can now complete the API integration process by returning to the TokenTact Dashboard and entering the required information. By clicking on the “Add Exchange” tab you can connect to your preferred exchanges via API keys. In the case of Moving Averages and the RSI, the timeframe is used to define how to aggregate data for calculation.
Selecting the right automated trading tool can be a game-changer for both new and seasoned investors. This is where our comprehensive TokenTact review comes into play, offering an in-depth analysis of one of the most talked-about platforms in the cryptocurrency trading sphere. Every API key is securely encrypted and stored using FIPS validated hardware security modules (HSMs) to protect the confidentiality and integrity of your exchange API keys.
Automated trading with TradingView signals on https://wolfstreetnft.com/tokentact-crypto-bot/ is a premium feature, available on Trader and Pro plans. TradingView also has its own coding language, Pine Editor, that you can use to develop your fully customized trading strategy. Over the years, it evolved into the largest community of traders. There are no better places to get market views, analysis, tips, and tutorials.
The automated trading solutions platform offers a diverse range of pricing plans to accommodate different needs, making it a versatile choice for traders. TokenTact’s secure API connections with major exchanges and robust security measures further enhance its appeal. TokenTact has received positive reviews from users on Trustpilot, highlighting the platform’s accessibility for those without coding skills. Users commend the platform for its intuitive user interface and straightforward rule-setting process. The platform’s continuously evolving features, such as the inclusion of advanced indicators and settings, are particularly appreciated by users looking to enhance their trading strategies. TokenTact’s trading software stands out because of its ability to efficiently handle vast monthly trade volumes, offering users a clearer picture of the cryptocurrency market’s dynamics.