This will reveal a new widget on the right corner of your screen where the settings of your BTD Bot can be adjusted. In this part, you will learn how to create and run your first Buy the Dip bot. The process should be simple and quick, so please feel free to reach out to us via the Chat menu if you experience any issues (bottom-right corner).

There is no need to open the exchange account, and traders can change or cancel their positions from the chart. Thus, you can diversify your portfolio and increase your chances of making profits. Instead, they connect with exchanges via an API and issue trades to be executed on the exchange (where your assets are stored).

TokenTact is a cryptocurrency trading bot that was released in 2018. It offers a wide range of services including a demo mode, trading robots, signals, portfolio management, and many other features. You can maximize your returns by using higher capital and leverage. The futures trading bot at TokenTact uses the DCA trading strategy to divide your funds into smaller parts and buy the asset over a fixed interval, hence averaging your buy price. On the other hand, the bot uses the Gird strategy to place buy/ sell orders in your chosen range and take smaller returns from every complete trade. Currently, TokenTact is integrated with 30 exchanges, including Binance, Kraken, Bitfinex, and more.

When setting up a new DCA bot, the “Manual adjustment” section allows you to customize your bot’s settings and personalize your trading strategy. Scalping involves rapidly buying and selling assets to capitalize on brief price fluctuations. Skilled scalpers pound out many small wins from volatility that compound into big gains. When it comes to spreads, scalpers aim to profit from changes in an asset’s bid-ask spread by seeking narrower spreads. In normal trading conditions, the spread between the bid and the ask is steady (as supply and demand for assets are balanced), allowing for consistent profits. Yet, a scalper is notably more energetic and executes a higher number of trades throughout the day.

Some argue that this is where crypto arbitrage comes in, as it allows traders to profit from price volatility across different exchanges relatively quickly. With the ability to connect to as many as 17 exchanges (and counting), you’ll be ruling your trading kingdom across all your connected platforms, empowered by 275 top-tier bots. TokenTact is a centralized exchange offering different trading bots and is based in Singapore. Beginners can very comfortably sign-up and create an account on TokenTact since the bots are free to use the experience on the platform becomes comforting. Moreover, signing up on the platform won’t take much time, as you can make an account by simply providing your mail.

• When the price moves, the algorithm automatically sets buy and sell orders if there is an opportunity for profit.
• Provided you’ve chosen an adequate market opportunity (a sideways trend) and taken great care setting up your grid, you’ll have all the chances of settling with good returns.
• It gives you greater control of your investment by allowing you to add additional funds into the cycle.
• However, when the price rises, the bot will buy a smaller fraction of the base currency since it can only spend an allocated amount of the other currency.

TokenTact will autonomously execute your orders, showing your actual trading results. If you’re a novice looking to dip your toes into the crypto trading waters, starting with a widely traded pair like BTC/USD could be a prudent choice. With its high trading volume and reasonable price volatility, it offers a suitable environment to familiarize yourself with how the trading bot operates.

As the bot constantly opens new long and short contracts to increase or decrease the exposure depending on the market’s price action, the “Position value” remains dynamic. These permissions will allow TokenTact to read your history, current balance and execute trades on your exchange account. Now, let’s see how you can link your Binance account to TokenTact to start profiting from the bots above.

The platform stresses that you and only you have access to your funds. TokenTact has detailed out how it addresses security concerns in different areas. The TokenTact demo facility comes pre-loaded with simulated ‘paper money’ and will allow you to trade with zero financial risk. If you want to test out a new strategy or make sure that everything runs smoothly, the backtest feature can demonstrate how your bot would respond to market changes. The interface allows you to easily switch between different exchanges by clicking on the platform name above the chart screen.

Keep an eye on the grid as a whole instead of micromanaging every transaction inside it, and close your bot after it reaches a certain level of profit, say 10% or 15%. By default, the GRID orders are fixed in size in the quote currency. We recommend leaving https://wolfstreetnft.com/tokentact-crypto-bot/ this option on when the market moves sideways. This ensures that all levels of the grid get the same proportional share of the overall investment. As the price drops and the value of the base currency declines, more coins become available for purchase.

In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. When you connect exchanges to TokenTact, you can automatically trade the signals from this interface without the need for changing your exchanges.

The bread and butter of the TokenTact platform is its provision of automated crypto trading access. Platform users have various trading bots at their disposal to take a more passive approach to cryptocurrency trading. Different types of bots will follow unique patterns and approaches, enabling users to tap into a trading revenue stream. TokenTact has emerged as a comprehensive platform that caters to various trading needs. With its roots dating back to 2017, TokenTact has grown exponentially, offering a suite of features that streamline the trading process for over half a million traders worldwide.