How to select a Signaler thats right for you TokenTact Documentation

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Another feature that I think is important would be some form of auto-reserving total profit at specified increments in order to lock in profits or something along those lines. The app seems limited in comparison to the browser version. Other than those things and a few other minor issues, I am enjoying using CH. It earns a 4/5 stars from me, leaving room for improvement. https://jdforexbroker.com/2024/01/tokentact/ is committed to simplifying automated trading while providing a robust set of tools and resources to empower traders of all levels. With this guide, you’re well-equipped to embark on your trading journey with confidence.

TokenTact

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.

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.

Imagine you have two templates—one for bullish market conditions and one for bearish ones. You find all your funds that have trading pairs with your quote currency. The amount can be lower than what you see on your exchange. Some exchanges have main wallets and trading wallets, make sure that your funds are shown in your trading wallet.

You can sync the positions at current rates or fill in rates manually. Result – The result of your current trades, Remember that this is an average and doesn’t reflect the result of all the trading the hopper has done in total. With our A.I., your bot can automatically recognize trends and switch to a better strategy. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

We highly recommend using a Paper Trading bot initially to become familiar with these settings. Additionally, our Backtester tool allows you to assess how your configurations would have performed historically, providing valuable insights into potential outcomes. This article serves as a comprehensive guide to TokenTact’s Trading Bot, offering insights and resources to help you navigate this innovative trading platform effectively. Finally, it is also worth noting that TokenTact offers a 7 day free trial. The trial mirrors the capabilities of the Explorer Hopper package, subsequently allowing you to get a feel of how the platform works before parting with your money. If you do opt for the trial, there is no requirement to provide any payment details, so it’s effectively risk-free.

  • Switch the toggle so your bot will check if the positions is sold with a profit when the Trailing Stop-Loss is triggered.
  • If you haven’t already, go to Binance’s website and create an account.
  • Configure your strategy in the “Strategy” section in the buying part of the Baseconfig.
  • You should start creating a configuration of your very own!
  • The signaler will send buy signals to your hopper when it has spotted a potential good trade, some signalers also send out sell signals to let you know when exit the trade.

If you invested the full amount initially, you would’ve paid $100 per currency. Switch the toggle so your bot will remove the Short position after X time. Switch the toggle so your bot will close the Short position after X time. When using the TSL, make sure to set either a high Take Profit, or enable “use Trailing Stop-Loss only”. The bot will always sell with whichever setting allows it to sell first.

Fill in the percentage your position needs to go down before your Stop-Loss is fired. For example, if you want to sell your currency when the price drops 2,5% fill in 2,5%. Sometimes it can look like your Stop-Loss didn’t trigger. Check if the Stop-Loss percentage is filled and that there’re no Config Pools active. It would be amazing to have a chart displaying your portfolio which visually shows were, when, and why, buys and sells are triggered.

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 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.

You might wonder, how is it possible to spot price differences on a single exchange? If you’re running a script or application, please register or sign in with your developer credentials here. Additionally make sure your User-Agent is not empty and is something unique and descriptive and try again. If you’re supplying an alternate User-Agent string,
try changing back to default as that can sometimes result in a block. For an in-depth explanation of all settings, click here. Keeping track of your investments have never been easier.