How to troubleshoot your Trading bot TokenTact Documentation

We find the signup process with TokenTact to be easy and fully secure. Users must submit their full names, email address, and agree to the robots terms of use. This step also involves creating a password and opting in or out of their mailing list. The first step to creating an account with TokenTact is to fill the form provided on their homepage. InsideBitcoins determines an excellent signup process by the amount of personal data collected and how the robot safeguards this data.

  • We take the security of our members’ personal and financial information very seriously and we recommend creating a strong password that you do not share with others.
  • After registration, you need to deposit a minimum trading capital of $250 to start trading.
  • This means that once a trading signal is created, the software will open a trade based on the trading parameters automatically in your trading account.
  • Automated trading also removes all emotions from the trading process.

If enabled, your bot automatically sells based on your Base Config, Config Pools, Signalers, or Triggers. By investing over time, you will average your buying price and will notice less from market movements, as long as the price will go up over time. This makes DCA very suitable for risk averse beginner traders.

I fell in love with the AI concept at the end of March last year and learned a lot thanks to the platform and all its capabilities. Fill in the number of minutes your bot is in the cooldown period for a currency. Switch the toggle so your bot will only buy currencies if there has been a positive change % in the last X hours/minutes. When there’re no positive pairs your bot will not buy with your strategy.

TokenTact

In the same way, when the APO crosses below the zero line, the bearish pressures are dominating the price and it generates a sell signal. Taxes will be levied on the profits earned on crypto assets. To calculate the profits, subtract the cost basis from the proceeds.

Additionally, you can remove the specific coins from your selected coins list. Dust positions are positions that are too small to be traded on the exchange. Enable the Wallet Scrubber so that when a new position of the coin will be opened, the dust position will be merged into this position. The bot has reached its maximum number of open positions so it’s not opening a new position. We have documentation on how to connect your bot to your exchange. Every exchange has a different setup so it’s important to check out the correct tutorial.

However, in order to give your automated bot the required authority to make trades on your behalf, you still to link your external exchange API with your TokenTact account. The process of doing this will vary from exchange-to-exchange, although in most cases, you’ll find the API details within your account settings portal. While many of these pre-programmed trading strategies can be obtained for free, some come at a price. Nevertheless, the trading bots available in the marketplace come with both their advantages and disadvantages. On the contrary, by programming your TokenTact trading bot to execute your strategy on your behalf, there is no requirement for you to spend any time monitoring the markets.

Set this equal to or higher than the minimum amount for your exchange and quote currency. When your available funds are lower than the minimum amount configured, the bot will disregard the minimum. Another buying feature that is available on https://ftb.fund/tokentact-review/ is Dollar Cost Averaging (DCA). Through DCA you buy double or triple the amount of the currencies currently in a loss. By buying more of a losing position and merging these positions, you lower the percentage profit needed to break even. Keep in mind that you are increasing the amount of holdings in this currency.

We take the security of our members’ personal and financial information very seriously and we recommend creating a strong password that you do not share with others. Once you have opened your Crypto Hopper account, you will need to make a deposit of $250 so that you have trading capital. If you use a credit card to make this deposit, we will require the card number, expiry date and the card verification code (CVV number), located on the back of the card. Start trading Bitcoin profitably today with Crypto Hopper. If you prefer to decide when to enter trades manually, you can use the Advanced Dashboard. Customize options like Take Profit, Trailing Stop-Loss, Stop-Loss, or Dollar-Cost Averaging (DCA) to eliminate emotional trading.

Selling based on Auto Close could still trigger a sell when the position has not been sold by one of your other sell settings within X period. When “Sell based on Strategy” is enabled, your positions might get sold with a loss. The Signals tab enables you to configure buy and sell settings based on trading signals sourced from a Marketplace Seller. It’s important to note that once a position is opened based on a signaler’s settings, these settings won’t automatically update with changes in your Baseconfig or Config Pools.

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