As such, there is no need to have any understanding of programing or coding, which is exactly how it should be. This increases your open order limit to 200 positions at any given time, https://daocoin.money/review-of-the-tokentact-bot/ and you can trade a whopping 50 selected coins. What we really like about the marketplace is that you also have the option of making further amendments to a specific bot strategy.

• When you enable “Sell based on strategy” in the Baseconfig, it results in a sell order when your Strategy’s requirements have been met before the other sell features are triggered.
• It is vital to provide us with accurate information as this will simplify the withdrawal process.
• Keep in mind that using the same account on the same exchange for multiple bots will result in the same balance across all Paper Trading bots.
• In terms of what digital currencies you can trade via your TokenTact bot, the platform notes that this covers 75 different cryptocurrencies.
• If you’re a conservative day trader or scalper, trading with the trend is key.
• The Crypto Hopper software works seamlessly with our selected brokers so you can start trading Bitcoin instantly.

This robot is similar to Bitcoin Trader and Bitcoin Code, another fully auto robot. Read our Bitcoin Trader review for an alternative or click here to see the Bitcoin robot for 2019. Age – The age of your positions, Remember that this is an average age and doesn’t reflect the exact date per currency. If the hopper is Disabled, it will start working completely, the link to the exchange is lost and it will remain Idle. When your hopper isn’t trading, the first thing to do is check the dashboard, and look to the right, there is a small widget with 3 buttons. All content on CaptainAltcoin is provided solely for informational purposes.

DCA and Shorting cannot be used together and can be used for Manual Buy, Strategy, and Signalers. The strategy of the base config opened the original position. It soon met the profit requirements, the position was sold, and a short position was opened. Switch the toggle so your Short positions will be removed instead of repurchased when the signal comes in to close the position, and the short position has not made any profit. So with a stable quote currency, this shouldn’t give any risks. When enabled and your strategy or TradingView Alert signals a sell, only positions in profit will be sold.

To allow your bot to interact with Binance, you will need to create an API Key. Essentially, the API Key serves as a way for your bot to communicate with the exchange and execute the actions necessary for automated trading. Profits in digital assets can accumulate in a variety of ways, from long-term investments to trading, scalping, and mining.

TokenTact is a good platform for automating trading bots, even for a beginner. The platform has a built-in cryptocurrency exchange, and the documentation available on their website makes it easy to understand how each trading bot works. The TokenTact platform offers 16 free trading bots that can accommodate the needs of all types of traders.

The cryptocurrency markets vastly differ from traditional markets, and as such, unique tools are often needed to navigate the ever changing crypto markets. You can explore the TokenTact platform without connecting to an exchange, by selecting ‘simulated funds’. In that case, we will create a simulated bot with a trading balance for you. After depositomg, you will be redirected to the trading dashboard where you can choose to start with backtesting or demo trading.

For this explanation, we will exclude all other DCA settings to show you what the next DCA rate will be. Our example will show what the average BTC rate per OKB token must be before a new order can be placed. You can calculate the “Current average rate” by combining the costs and amounts, which have to be divided by each other. Since DCA merges all existing open positions, the calculation could involve multiple “costs” and “amounts,” as shown in the OKB example below. DCA doesn’t have many configurable options, which makes it an easy tool to set up. Switch the toggle to reset this setting after a canceled order.

The demo trading account requires you to select a trading strategy and set stop loss and take profit functions. Before we look at what TokenTact is, it is essential to note that you do not need to understand trading jargon to use this robot. All you need is to follow the guidelines provided to set up their web-trader and click live trading to start trading.

This practice consists of buying three different coins to profit from market inefficiencies on the same exchange. We will explain this phenomenon more indepth in the section below. Market orders will be filled immediately, but could result in lower profits or bigger losses. Especially when there’s low volume or high volatility in the market. Limit orders are orders for a specific price that usually take longer to get filled.