New Signal bot TokenTact Help Center

Do come back and share your review of TokenTact and let us know if you are using any other Crypto trading bot and your experience. Rather, TokenTact works with an exchange, and all the profit that you make is stored on the exchange in which you have traded. You withdraw your profits directly on the exchange in which you are trading. You can also copy a portfolio if you like, but for this feature to be used you should have those particular exchanges linked to TokenTact.

The main benefits of using a trading robot are that it eliminates emotions from the trading process and is a passive trading strategy. This means you don’t have to analyze technical indicators and fundamental data, or even understand how and why the crypto market functions. Different trading robots allow different levels of user involvement but they all work on pretty much the same logic. You can usually access any bot through the provider’s website and either download or use it directly via a browser.

Grid bots are more complex and used for out-of-trend occasions like sideways markets. Imagine you have $100,000 and you lose $50,000, that’s a 50% loss of your portfolio traders would call a drawdown. In other https://www.scammerwatch.com/tokentact-trading-bot-review/ words, a drawdown is the reduction of your portfolio’s size after a series of losing trades. It’s the difference between peak and bottom, normally calculated and displayed as a % of your trading account.

• I was a bit cautious when beginning to use it due to all the recent API fud.
• A wide range of over 120 crypto assets, 16+ trading bots, deep liquidity, and low fees may surely help you on the way to profits.
• I think TokenTact is moving in the right direction as far as technology goes, but their training for their site and bots are lacking for the newbies, beginners, and intermediate bot users.

Keep in mind, the onboarding process can seem overwhelming for beginners due to the variety of parameters that need to be set up. If you haven’t done much trading before this, you might feel unsure when it asks you which type of bot to add. Subscriptions are set to auto-renew (recurring payment) if paid by Apple/Google Pay, PayPal or credit/debit card. This auto-renewal can be disabled at any time under the Subscription history section on the Subscription page in your https://tokentact.net/ personal account.

Even the DCA bots allow you to choose between trading strategies. At TokenTact, you can either choose the “Classic Trading” DCA strategy to simply buy or sell crypto. Or, you can check out the “Super Power” mode to dollar cost average with USDT futures.

In terms of the fundamentals, the TokenTact platform was first launched in 2017, and the company behind it is based in Toronto. You may directly sign up with your Apple ID or Facebook if you have one of those. The suggested pairs are determined by the most recent list of the 24-hour period’s highest trading volume. No, as this is a very important security measure that helps you track your log-in sessions and detect if there any unauthorized sing in happens.

If setting up a bot sounds overwhelming, you might want to use this feature first. Analyze and configure one bot to re-use it as long as you want. If you liked the article and you would like to have more strategy scripts from our team – let us know by liking this article or the script on TradingView. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform.

But what if a trading platform offered a smorgasbord of these bots, one suitable for every occasion? TokenTact is a powerful trading tool in the hands of the right user. While it most likely will not make an unprofitable trader profitable, it certainly has the potential to make an expert trader’s life a whole lot easier.

Likewise, you can set advanced trading orders such as volume auto-increase systems to avoid closing your position after a margin call. Before you go through the process of deciding what trading strategies you want to implement, you will first need to link your external exchange accounts up with the TokenTact platform. In a nutshell, you need to give TokenTact access to your trading account so that your chosen automated strategy can place trades in an autonomous manner. The platform has an integrated trading terminal they refer to as “SmartTrade,” which helps traders handle several transactions across various exchange accounts simultaneously. This feature also permits its users to make order transactions that may not be accessible in other exchanges.

If the subscription is paid in cryptocurrency, this payment will not be automatically renewed. ¹ – Binance sub-accounts can be connected only on the Expert plan and only manually. For example, if you have an Expert plan and have 250 DCA running bots on a Real account, you cannot launch bots on a Demo account.