Grid Trading Strategy TokenTact Help
The important security feature of both platforms is that they don’t hold withdrawal rights over your exchange accounts. If someone did access your TokenTact or TokenTact account, they could wreak all sorts of havoc by placing crazy trades. Backtesting a strategy requires a TradingView account, which is disappointing. It’s still very straightforward, and there’s a TokenTact tutorial video to explain it. You can select multiple TokenTact strategies directly from the TradingView menu, then test them against historic data from any crypto trading pair. As with life, the more you put into it, the more you get out of it.
Follow the security verification instructions and once completed you will then be provided with your API Key and API Secret Key. Before creating a new API, you need to make sure your account has Futures trading enabled. Select “Create API”, then Binance will ask to confirm the API creation according to your security settings. In the example below, the RSI of Waves stays above 60, and often above 70, for almost one month. Buying and selling on the way up would have provided excellent opportunities. Consider that “missed gain” as the cost of entering the trade with greater confidence into the underlying strength of the trend.
If you trade manually, you can see in real-time the funds available so that it can be easier to keep under control the amount that is tradable at that moment. Follow these steps to input the parameters of your rule that fit the allocation of your automated trading strategy. Botsfolio is a Crypto trading bot that helps traders manage their Crypto trading portfolio efficiently.
Based on our analysis, we believe that TokenTact is the best platform for crypto trading. TokenTact offers a wide range of tools, including over 150 trading templates for those who may not have a specific trading strategy in mind. Users can create customized trading bots using TokenTact’s unique If-this-Then-That logic, which allows for flexibility and control over trading strategies. The platform’s user-friendly interface and smart assistant make it easy for anyone to build a trading bot, even without extensive trading knowledge.
TokenTact syncs directly with most of the top centralized exchanges, so when the rules you define are met, trades execute automatically. If you’re a beginner, you can paper trade without risking capital. Advanced traders — especially those who trade on multiple exchanges — benefit from the ability to execute trades within a single dashboard. When it comes to crypto trading, TokenTact is the clear winner. It also offers a user-friendly experience with its demo wallet, free plan, and TradingView integration.
Trality has a backtesting feature that allows users to test different rules against historical data to ascertain their performance before deciding on launching on the market. The Starter plan is free but limited, only https://privatobank.com/tokentact-bot-review/ allowing users to trade $3,000 per month. Users get a limited number of indicators around which to build their rules. The idea of a Cryptocurrency trading bot is to help with the limitations of human traders.
- Besides this, they charge a fixed quarterly performance fee of 15% on profits.
- Therefore, these patterns incorporate all the information required to operate a trading plan.
- Users commend the platform for its intuitive user interface and straightforward rule-setting process.
- The interface does not use complicated trading jargon so even newbies can find their way between the different options.
- So far, TokenTact has been an excellent platform for cryptocurrency automated trading.
- Unfortunately, there are imposter sites out there that mirror the design and interface of TokenTact with a primary motive to trick users into depositing funds into these illegal scam sites.
You can backtest this strategy using this trading script published on Tradingview. You can test the results on historical data, selecting the coin of your choice, and adjusting the parameters to fit even better your needs. This strategy works well with selected coins of your choice, and it’s a great fit on leverage exchanges like Binance Futures. A typical example of market conditions where this strategy works perfectly is as follows. Thus we suggest making use of relatively small balances for each trade.
While the main hub is in London, it’s worth noting that the company’s technical bot infrastructure is primarily located across various European regions. The trading system closes the trade when the MA9 crosses above the MA200, which could be the first major resistance the asset faces before developing a more sustained uptrend. Wait for the market to stabilize after the breakout and then, based on where the price headed next, decide whether to trade or not. There are situations where you don’t want to trade a specific coin.
Think long term, often it is better to buy over a longer period of time instead of FOMO-buying during a strong upward price move. With such a strong team and advisory panel, TokenTact stands firm in its mission and objectives in the evolving crypto landscape. If you use ANY TIME, instead, Action A doesn’t need to wait for Action B to be executed again. Sell on sharp price increases if the RSI indicates that the trend is overextended. This is a guide to learn how to backtest strategies on Tradingview.