What is TokenTact? TokenTact Documentation

The Market Maker bot provides liquidity to a market of your choice, and can alternatively act as a way to profit from a big spread. The spread is the difference between the highest bid and the lowest ask. The highest bid is the highest someone is willing to offer, while the lowest ask is the lowest price someone is willing to sell his assets for.

Exchange arbitrage consists of buying a coin in an exchange and selling it on another exchange where the pair is more expensive. Profiting from this difference and increasing the portfolio’s value. However, this is not the only way a trader can carry out arbitrage trading. There is another way to implement this trading strategy, it is called triangular or intra-exchange arbitrage.

Ever bought a position, which made a big loss right after? When your Hopper wants to buy a position, it’ll wait and let the price go down. When the price goes up again, that’s when your bot will make the buy order. TradingView alerts that create a buy or a sell signal are also signals.

This makes using TokenTact very safe aside from the risks incurred with actually trading cryptos. Many traders have started with small amounts of money and grown their cryptocurrency portfolios using trading bots. Most successful traders use a good strategy combined with real-time technical analysis and indicators.

The algorithm will analyze the markets and based on historical data and the existing market conditions; it will pinpoint lucrative trading opportunities in the markets. The Crypto Hopper software can be set to automated mode. This means that once a trading signal is created, https://ftb.fund/tokentact-review/ the software will open a trade based on the trading parameters automatically in your trading account. The best part of this is that you will never miss a trading opportunity, plus you do not need to sit in front of your computer for hours, watching for a trading option.

The end result is financial freedom, allowing everyday people to finally live the lives they have always dreamed of. With the automated crypto trading bot of TokenTact you can earn money on your favorite exchange automatically. Auto buy and sell Bitcoin, Ethereum, Litecoin and other cryptocurrencies. “Always short instead of sell” refers to all selling features. When enabled, short positions will be opened when an open position gets sold with profit, autoclose, stop-loss, strategy, or trailing stop-loss.

Conversely, it has a tendency to add the amount of an open order to my portfolio and make my balances look higher than they are. I’m a novice and there is probably a ton of utility that I’m not even using, so I imagine it can be even better for someone who is more knowledgeable and experienced. If you use TradingView, create alerts that automatically trigger TokenTact to open or close positions on your behalf. Ultimately, there are no underlying concerns with the actual technology itself.

When you log in for the first time, we will assist you with setting up your first bot. Backtesting uses historical data and is therefore not reflective of what you will make in live trading. We suggest that you start with the demo account before going to live trading. Deposits take a few minutes to reflect on a trader’s account and the deposit process is fully secure.

• If any of the above metrics are likely to hinder your ability to execute your chosen trading strategies, then you might need to consider the Adventure Hopper plan at $49 per month.
• The most recent award we have had the honor of receiving is getting #1 in the trading software.
• When this value falls below your exchange’s “Minimum amount per order,” that value will be used instead.
• As we noted earlier, your TokenTact trading bot is only as good as the person that programmed it – you.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.