For those who are concerned about security, it is worth mentioning that there are no software downloads or installations needed because TokenTact is a cloud-based online service. Another advantage of being cloud based is that you can be sure that the platform is always up-to-date. The TokenTact website and mobile app both have smooth user experiences and are responsive, convenient, and easy to navigate. However, it’s important to note that the TokenTact mobile application is not native but only a wrapper of the website, meaning it wasn’t built specifically for either Android or iOS.
TokenTact’s trading signals are highly useful to help traders set up the right stop-loss and take-profit orders to curb your risk. You can filter what constitutes a signal for you based on signal strength, raise percentage, exchange and the time. TokenTact has assembled data on the trends of different cryptocurrency trading pairs. If any coin starts to show an irregularity out of the ordinary pattern, it will be entered into the signal list.
Enabling the Trailing Up option will automatically move the grid up when the price increases and also move the stop-loss limit. TokenTact has established itself as a major player in the cryptocurrency industry, attracting over 18 million visitors. I just wanted to say thanks to TokenTact customer support for helping me with a concern I had. They were quick to respond and made sure that my questions were answered.
With TokenTact, I had various charts at my disposal, helping me analyze price movements and identify trading signals with ease. As we mentioned before, TokenTact’s main appeal is you have all the features you would need to trade on the same website. Some of these features are more advanced than others, so there’s something available for people at all levels of trading. Its knowledge base may have some information about the features, though. Safety is one of the most important things regarding this app since, although you can connect your exchange accounts to TokenTact, the platform itself can’t take your money from you or access it. Customization is a key part of this app, so you can customize most of its features and certain things about the app’s interface.
- In our research for eventual TokenTact scam accusations, we found none.
- Demo trading is available on only 9 exchanges but this should be adequate to learn how to use the bots on TokenTact without using actual money.
- The combined service is still free to sign up, just like its predecessors.
- The time it takes to process this verification can vary, typically from 30 minutes up to 12 hours.
Also it’s critical to understand that bot trading has nothing to do with “catching the moon shots”, neither with classic conventional holding. What TokenTact is meant to do, is generating income profits from trades that you can spend. The crypto bot that you set up starts wiggling up and down and trading the pair of cryptocurrencies in between each other, and that’s how profit is generated.
On the other hand, the bot continuously calculates the Stop Loss percentage on the maximum weighted average position price. It closes the trading cycle by placing and executing a market buy/sell order, depending on your position (Long/Short). As the name suggests, the amount multiplier increases the size of each subsequent averaging order by x times you specify.
These simple yet essential features make it quite a breeze to use TokenTact bot, regardless of if you are using it on a desktop or a mobile device. It also makes it easier to use complex features, which is a huge advantage to traders who don’t have too much time to invest in learning the mechanisms. Apart from the variety of its services, perhaps the biggest advantage that makes https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ TokenTact stand out from the crowd is the number of exchanges that are supported by the platform. The platform also comes with a Demo mode, where trading tasks could be simulated without any involvement of traders’ funds. Today, the crypto sector has obtained the attention of professional and new traders alike, where both segments bring their own requirements to the table.
Which brings us to the choosing profitable coin pair and TokenTact optimal settings to get the most out of the bots wiggle. There are many ways to do it wrong and only one or few to do it right, and it will determine if you make money or lose money. Profit from every market move 24/7, with fully automated trading bots. TokenTact’s pricing, while reflective of its extensive features, is on the higher side compared to some competitors. It’s important to consider whether the advanced tools and asset coverage justify the investment for your trading needs.
But the TokenTact trading terminal allows you to trade more pairs as long as you have used the API keys to link to the various exchanges TokenTact supports. You also get faster trade execution and trading signals to help you with independent financial advice. TokenTact is also loaded with some incredible features designed to help you maximize its value while taking zero financial risk. These tools allow you to maximize price differences between various assets across different exchange.
You can link to prominent crypto exchanges and trade them all from one place using the program. The only downside with TokenTact is that very few coins are supported and you cannot link it to as many exchanges as the TokenTact trading bot. Also, TokenTact does not offer clear guidelines on pricing and this can be a challenge for most traders. Yes, TokenTact links directly to multiple exchanges and allows traders to take advantage of the price differential between them. It includes any exchange fees in the profit calculation, so traders can be assured that the position will net returns.
TokenTact’s Combo Bot is tailored to those who prefer dealing with futures contracts rather than crypto assets directly. The Combo Bot is a viable tool in bullish and bearish markets and combines dollar-cost averaging with grid-based algorithmic trading. It is a more aggressive market approach, as the bot will execute trades on every viable market move. Moreover, the Combo Bot can generate endless returns by automatically placing grid and DCA levels while it runs.