After completing your trial, you will be asked to choose one of the paid plans in order to enjoy the extended functionality of the platform in real time. If you decide to stay on the free plan, you will lose some of the features. The TokenTact’s DCA Futures Bot is an exceptional tool that fully maximizes the DCA strategy potential. However, designed for futures trading, the DCA Futures Bot offers an opportunity to generate impressive returns in a relatively short period of time by using leverage. The Combo Bot is an automated algorithm for trading futures on the Binance exchange designed to profit on both rising and falling markets.
I started testing TokenTact in 2020 and enjoyed how far they have come in past few years. I actually paid for their premium account to try their grid bot trading feature. During 2020, they also added features that enable you to make money from the grid bot even when the bot was going out of your defined range. This was a feature I never heard of before, and that made me like TokenTact more.
Now you can start the platform right from your home screen and get the same trading experience as with its browser version. Our GRID bot requires very little attention from you as it is able to move the order grid following the price in both directions so that the bot can stay active no matter what. Does it mean that now now the activity on my active bots will affect trading monthly limits?
This one is the least exciting feature as it is just a regular crypto portfolio tracker – you can view your holdings by token and exchange. With a strong emphasis on security, TokenTact ensures your API keys are delivered to their encrypted servers, providing a level of safety comparable to online banking systems. Our servers are located close to popular exchanges to ensure stable and fast order execution.
- By following the GRID strategy, the system preemptively places buy and sell orders at predetermined intervals based on an asset’s current market price.
- This section includes settings that lead to closing your position.
- TokenTact is a cryptocurrency trading bot that was released in 2018.
- With it, the TP price will follow the current price at the distance you define in the settings.
- Then with your 20 UNI, you buy ETH at an exchange rate of 0.005, ending with 0.1 ETH.
This usually occurs when an investor fails to meet the requirements of a margin call. A margin call is, in essence, a formal request from the broker or exchange for the investor to deposit additional assets into the account as a safeguard against potential losses. TokenTact is available in regions where the supported cryptocurrency exchanges operate. The platform’s availability aligns with the geographic reach of these exchanges, which can vary.
There is no doubt that TokenTact is legit,and is above all when it comes to their practices regarding cryptocurrency investment and trading. TokenTact provides customer support to its users through email, live chat, tutorials, and announcements. You can connect with these modes directly through the official page.
Enter the size of the first order (aka initial position) in the traded currency. This amount will be your first investment in starting the DCA Bot. The « Immediately » option will create your DCA Bot right after you fill in all your settings.
https://tradelinesco.com/tokentact-bot-review/’s GRID bot strategy works with postponed limit buy and sell orders within predefined price levels. The bot divides the specified price range into multiple tiers, creating an order matrix, or “grid of orders, » as it’s commonly called (Pic. 1). The main advantages of GRID trading are that it’s fairly simple, doesn’t require market forecasting, and can be readily automated.
There is a lot of information there so try to take in as much as you can. Once you feel like you have had a good look around click on the “pricing” link as shown in the snapshot below. Also check out the 1-minute video they have on the front page to start to get a basic idea of what TokenTact is all about. Users of Advanced Trade can expect to pay up to 0.6% per trade in accordance with this structure, which also offers discounts for high-volume traders.
This article will show you how to start a new GRID bot, modify its settings, close bots, and restart them if needed. As you have a valid exchange account, all you need to do is click the Generate API Key button from your account and then use it to input the data on your Napbots account. You can keep them running, at the same time, you won’t be able to start new Scalpers as this bot functionality has been merged with Sbot. When you decide to close the bot, you will be able to see a quick performance overview and pick up a new option on how would you like to close your bot.
