Inefficiencies, that in the cryptocurrency world, have proven to be significant at times. We recommend building and testing your strategy in the Strategy Builder. You can choose to disable strategies and follow signals only. You can also configure the strategy you bought on the Marketplace, select the one you have built yourself or select the Algorithm Intelligence you trained.
To enable seamless interaction between your bot and Coinbase Advanced, TokenTact offers two options. You can either utilize Fast Connect, which involves logging in with your Coinbase Advanced account directly on TokenTact (the most convenient option), or create an API Key. Switch the toggle so your bot will open short positions automatically. This comes in handy when you want to replace the Stop-Loss with Shorting. Switch the toggle so your bot will check if the positions is sold with a profit when the Trailing Stop-Loss is triggered. If a Trailing Stop-Loss would sell a position with a loss, then the sell order will not be placed.
Sell a position automatically and let the price go down. Your Hopper will automatically buy the position back once the price goes up again, protecting you from further losses. It gives me peace of mind that I know that the hopper will take profit at the moments the prices fall again. Follow the price up, and only sell when the price goes down by the percentage that you configure. Fill in the maximum amount your bot may use from the total assets.
Don’t let the fear of a market shift keep you up at night. With our A.I., your bot can automatically recognise trends and switch to a better strategy, so you can rest easy. Create or download strategies and let your Hopper watch the markets for you, and buy or sell based on your parameters.
It is not an offer to buy or sell any security, product, service or investment. The TokenTact Grid Trading bot is among the most popular on the platform. Another good choice is Bitcoin Growth Bot, which had seen positive returns for 90% of its users in October, making it a good choice for earning bitcoin passively in the long run. Navigate to the Base config in TokenTact and select “Exchange” then “Binance.” Click on “Generate IP Addresses” and copy the displayed IP addresses. It’s crucial to stick with the same indicator and trading pair on the same exchange when loading both bullish and bearish templates.
Our test shows that all transactions through TokenTact take a maximum of 48 hours to be processed. We have also determined that this robot customer service is readily available, knowledgeable, and friendly. Our investigation finds this robot to be real (it does trade automatically on your behalf), transparent, and user-friendly. Furthermore, we can confirm that all their partner brokers have proper regulation. The registration process with TokenTact is secure and straightforward.
You have 1 BTC and you fill in 0.5 at maximum amount allocated, your bot will only use 0.5 BTC. Your bot sees the total assets minus the reserved funds. If this amount is less than the maximum amount allocated, your bot will use smaller buy amounts for new positions. When enabled, the bot will not place a new buy order if there is an open position within the current price range for the currency.
When you don’t have enough funds for the minimum buy amount, the Troubleshooter will let you know. If you’re using a Paper Trading bot, you can use this article to https://wolfstreetnft.com/tokentact-crypto-bot/ deposit fake funds in your account. If you are experiencing issues with trading on Coinbase Advanced, you can check the current exchange status by clicking here.
- We also really like the drop and drag framework that the platform utilizes when it comes to designing and building your bespoke automated strategies.
- With every paid subscription, you can create one Paper Trading bot.
- This is brilliant if you’re a beginner and want to accumulate Bitcoin (or another currency) over a longer period.
- This could ensure that your orders will be filled better, or that your buy orders are systematically cheaper.
The DCA buy amount is double the amount we already owned, which we configured in our DCA settings using “Triple down”. The new buy order of OKB and the current OKB positions have been merged into one new position. Dollar Cost Averaging (DCA) is a tool to get rid of bags (loss-making positions), as well as a great strategy to have a better buying price over a longer period. There is only 90 seconds between the sell that was triggered by the stop-loss and the closing of the short.
Since DCA merges all existing open positions, the calculation could involve multiple costs and multiple amounts. Beginners can use DCA to invest over a longer period gradually, i.e. you invest $1,000 in every 30 days for five months. If prices at the end of each month were $100, $90, $80, $70, and $95, your average asset price would be $85.5.