How to set up a Signal TokenTact Documentation

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If you’ve got something great, you can even sell it in the marketplace, to other users. On the other hand, your goal is to obtain more BTC, because, in the long run, you’ll want to have more of that built up. So in one way, you’re betting against BTC, but in https://jdforexbroker.com/2024/01/tokentact/ another way you’re completely behind your quote currency. The other coins you will be trading should therefore be considered investments that you do not intend to hold onto forever. But you might want to get to know it first before giving it all your money.

TokenTact

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. Automatically use DCA on loss making positions, or simply select a position and apply https://token-tact.org/ a DCA order to it. Nobody is perfect, and especially with the extreme volatility of the crypto market, sudden events are hard to predict. You need a plan for this, and a stop loss has often proven to be the wrong …

However, it is somewhat slower than the Double EMA or DEMA. The TEMA will spot entry and exit opportunities through crossovers between a fast and a slow moving average. The Triangular Moving Average is a trend indicator that has been averaged twice.

When the extension is installed and connected or you have configured your webhook url, you can start sending buy or sell actions to your hopper with Tradingview alerts. The way our A.I works is easily explainable, simply compare it to an automatic backtester. You “feed” your A.I with all the possible strategies, it will analyze them all for you and choose the one that is most successful in the current market. Fill in how often you want to send a TradingView Alert to your bot. Adding trend-following indicators on higher timeframes is a solid tactic, as demonstrated in our examples.

  • Essentially, you will face a paradox when choosing a quote currency.
  • TokenTact is an automated trading bot that can scan and trade crypto 24/7.
  • Both of these timeframes are readily available on platforms like TokenTact.
  • On the other hand, when Aroon down crosses Aroon up upwards, it will send a sell signal.

For example, your quote currency is USD, and you have seen that normally ADA, ATOM, and EOS are prone to offer arbitrage opportunities among certain exchanges. You will need to have all these coins on two (or more) exchanges that you want to do Arbitrage on. Now you are set and ready to start taking advantage of price inefficiencies. When your trading bot has bought an asset, it will move to current open positions, where your trading bot will monitor its price. It will only sell however, once it reaches your strategies objective. Like most of the moving averages, traders use this indicator to spot trends and trend reversals.

Fill in the maximum number of open positions per currency. Use this if you don’t want to get stuck with only one currency. This can not exceed the calculated value, which is a percentage of the “max open positions” field. For example, you allow max 100 open positions and 4% open positions per currency.

If the price is continuously rising and making new highs, Aroon up will be 100 and Aroon down 0. However, when the price is not making new highs, it means that the uptrend is fading out and we can have a correction or trend reversal. If it starts making new lows, Aroon down will be 100 and Aroon up 0. Aroon can be considered a momentum oscillator, but it is also used to spot trends. Aroon is represented by two lines, Aroon up and Aroon down, and fluctuate between 0 and 100.

This feature allows you to consistently place a buying bid, X percent higher or lower than the current ticker price. It will enable you to offer a higher/lower price when you’re trying to buy or sell. This could ensure that your orders will be filled better, or that your buy orders are systematically cheaper.

This means that it will keep sending buy/sell signals as long as the UO is above or below a certain value. This feature makes the UO a great indicator to combine with others. Keep in mind that if you select “greater than” or “less than,” the StochRSI will send sticking signals. This means that it will keep sending buy/sell signals as long as the StochRSI is above or below a certain value. This feature makes the StochRSI a great indicator to combine with others.

The Market Arbitrage bot will look for market inefficiencies within one exchange. Your Hopper will attempt to increase the amount of the coin(s) you have selected as quote coin. It will do this by taking advantage of price differences between the currencies available on your exchange. More specifically, it will make three different trades to increase the amount of the chosen quote coin.