TokenTact Review: Pros, Cons, and More

It wasn’t really a TokenTact problem, but their customer service was great in helping me get it sorted out either way. We’re glad to hear we were able to answer your questions in a minute or less. It’s always a good idea to try out the paper trading bot first and get familiar with our platform. TokenTact is a great platform with damn good customer service!

They are fully responsible for managing and adjusting the trading bot’s settings and monitoring market conditions. Here are a few important settings to configure when running a DCA strategy on TokenTact. Copy trading allows users to study trade patterns used by professional investors and traders and replicate them.

I just want them to delete my account and to put it simply they won’t. By starting with the minimum amount, you can familiarise yourself with the platform and its features without risking a large sum of money. This approach allows you to understand how the trading bot operates and assess its performance before committing more significant funds. The platform utilises advanced AI algorithms and mathematical algorithms to analyse market trends and make profitable trading decisions. By eliminating human emotion and impulse from the trading process, Crypto Hopper is able to execute trades at high speeds and take advantage of arbitrage opportunities. Simultaneously placing trades on multiple assets is one of the notable features offered by the Crypto Hopper platform.

• As a bonus, the hero hopper plan allows you to extract trading signals for all coins…this especially helps with arbitrage-type strategies.
• You just click on the indicator you’d like to add to the automation and drag it to your bot.
• Dollar-cost averaging has been utilized in the traditional stock market arena for decades on-end.
• Even though TokenTact is designed for professional traders, it has a few free features which a newbie trader could use.
• Spending this daily time on the account demonstrates a responsible and proactive approach to trading, which can contribute to better outcomes in the long run.
• Investors can automate investing procedures using pre-configured trading templates, paper trade crypto, set signals, intuitive backtesting module, and alerts on TokenTact.

Compound launches Compound III dropping cTokens in favor of depositors retaining ownership of their collateral. It’s also about having a responsive team that you can reach out to if things go south. And in my experience, TokenTact’s support team is as attentive and reliable as they come. And that’s where TokenTact’s extensive knowledge base comes into play. It’s like a treasure trove of information with tutorials, articles, and guides on everything you could possibly need.

Mirror trading is when you customize your bots to follow the signals to mirror or copy the trading signals sent out by signalers. One can achieve such results by trading in front of a computer all day, but that is not feasible for many investors. On the other hand, you can automate trading and get an algorithm to place buy and sell orders is phenomenal and allows you to make money even when you sleep. Backtesting allows you to input your trading strategies’ parameters and see how they would have performed in the past in various market conditions.

Traders can benefit from various smart trading tools incorporated in the intuitive interface. For example, you can set rules like “IF Bitcoin price hits $30K, THEN buy 0.1 BTC”. You add indicators, set criteria for entry and exit points, stop losses, and more. TokenTact also offers a 14-day free trial, so users can try the platform before they commit to a paid plan. Those conditions will implement your trading strategies in the form of trade setups on your connected exchange accounts/sub-accounts.

To put it bluntly, the speed of the change we see all around us is extreme. As we wish users to get a clear idea of what they are getting when joining TokenTact. From here you can simply follow the wizard as it will help you to quickly configure your hopper. You just need to select an exchange and configure the bot via your preferred exchange’s API keys and also set up basic hopper configurations.

Even if you are completely new to crypto trading bots, you can easily start your journey with TokenTact. The support options and blogs are very well-prepared, and every https://ftb.fund/tokentact-review/ element is explained in great detail. If you take some time to read all the information and watch the tutorial videos, you can easily develop your expertise in this area.

That means all the data sent between your browser and TokenTact is kept private and secure. So, whether you’re checking your balance or tweaking your trading strategies, you can do so with the peace of mind that your information is safe. They initially made it for themselves as a personal tool to trade automatically by using a trading robot built on a Raspberry Pi with a 3d printing case. Over time, the demand for this trading bot became high as their friends and friends of friends heard about it.

Users may make money without actively trading on TokenTact because it is a secure and risk-free platform. Users also have the option to employ exchange and mirror trading tactics in order to maximize their trading profits. The free subscription on TokenTact includes a single bot that may be used with both Options and GRID. The most costly Pro package is $49.50 per month with a yearly payment and includes unrestricted use of GRID bots, Options Bots, the Scalper Terminal, and paper trading.

When the trial month ends, the hopper is automatically disabled, and users can then opt to purchase a full subscription. In order to give the bot the ability to trade you will link the bot with your exchange account using an API. The process of doing this varies from one exchange to the next, but typically you’ll be able to find the API keys within your account settings. TokenTact has made it so easy to create new strategies by using a drag-and-drop interface in the designer. This means you’re able to create your strategies without knowing a single line of code.