TokenTact is a crypto trading platform that allows you to create your own automated trading rules, or follow 200+ templated strategies without having to use code. TokenTact syncs directly with most of the top centralized exchanges, so when the rules you define are met, trades execute automatically. If you’re a beginner, you can paper trade without risking capital. Advanced traders — especially those who trade on multiple exchanges — benefit from the ability to execute trades within a single dashboard. In addition, TokenTact has introduced a backtesting feature that allows users to evaluate their trading strategies against historical data.

The hard fact remains that buying and hodling over longer periods is far more profitable than trading your assets. Further, I would only ever allow a trading bot access to a limited portion of my total balance (maximum 5%), and I would monitor it relentlessly in the early stages. I certainly wouldn’t pay directly for an off-the-shelf bot or strategy. The important security feature of both platforms is that they don’t hold withdrawal rights over your exchange accounts. If someone did access your TokenTact or TokenTact account, they could wreak all sorts of havoc by placing crazy trades.

If you’re on a free plan, you’d need to upgrade to a paid plan to access this feature and take full advantage of the marketplace offerings. Did you wish you had invested in Bitcoin on https://tokentact.net/ Poloniex at that time? The idea of using the demo exchange is to try out a trading strategy (rule). If it returns an expected outcome, the user can then apply it in live trading.

• While it’s beneficial to utilize well-established trading strategies, TokenTact encourages users to curate their unique templates.
• It is important to know that technical indicators are not the same as trading strategies, they are tools used in creating trading strategies.
• If it returns an expected outcome, the user can then apply it in live trading.
• The rules now say both centralized and decentralized exchanges might need to register as an alternative trading system (ATS) or an exchange with the SEC, potentially including the XRPL DEX.

The platform’s unique If-this-Then-That logic offers flexibility and control, accommodating the specific needs of individual traders. This TokenTact review provides a thorough examination of the trading platform to help you determine if it’s suitable for your trading needs. Both platforms offer portfolio management tools that allow users to track and manage their assets across multiple exchanges. TokenTact offers portfolio rebalancing, which helps users maintain a diversified portfolio by automatically buying and selling assets to maintain a set allocation. In addition, TokenTact also offers portfolio automation, which allows users to create custom trading bots for their portfolios.

Their mission is to enable all users to compete with professional algorithmic traders and hedge funds. They achieve this by prioritizing product usability, offering an intuitive interface, and a step-by-step process for strategy development that avoids complex terminology. This approach ensures that beginners can easily create a plan while professionals have the flexibility to design their strategy as they see fit. If preferred, users also have the option to employ a pre-designed template rather than crafting their own rules. TokenTact’s trading software stands out because of its ability to efficiently handle vast monthly trade volumes, offering users a clearer picture of the cryptocurrency market’s dynamics. For those who desire a personalized touch, TokenTact permits the creation of custom trading rules or even test rules.

When using a market order, you might end up buying at a higher price than expected. That depends on the size of your order and the liquidity of the market in terms of available-to-trade coins. Altcoins are highly correlated with Bitcoin, that means that Bitcoin’s trend determines their short term moves significantly.

You can then name the API key and click “Create New Key”, before confirming your 2FA code and completing the key creation process by following all the instructions in the confirmation email. You will then be able to see the API keys, and you should edit your API key restrictions in order to maximize your security settings. TokenTact shows the actual performance of your rules and what it adds to your holdings; hence, the net profit on the dashboard is the total profit of all the rules run on the account.

​Once the candle closes, and the RSI is confirmed, that is valid until a new candle closes. As an example, selecting a time frame of 1-hour results in each sequential RSI value to be valid for 1 hour. Apart from the subjective interpretation of signals generated by indicators, their mathematical formula or the setup can be adjusted by an experienced trader to provide profitable results. After launching your marketplace strategy on TokenTact, the rule engine continually evaluates the specified conditions. As long as there are no errors, the engine will assess the market according to the predefined rule conditions. It’s important to note that certain strategies may not be designed to run frequently and may only trigger a few times throughout the year.

In general, select 15 min or 1 hour for short term strategies and higher timeframes for long term trading systems. In the case of Moving Averages and the RSI, https://kryptotaglich.de/tokentact-review/ the timeframe is used to define how to aggregate data for calculation. For example a MA(9) in a timeframe of one day stands for the average of 9 daily prices.

Assuming the price now drops 10% from $1,400, reaching $1,260, the rule will sell. Both examples above could make sense if you connect them to other indicators and triggers but if in doubt, avoid building complex strategies that may not trigger as you expect. Certain rule structures with Trailing functionality are possible but should not be used unless you have a very specific strategy in mind. It follows your position when the market is moving in your favor and will take profits if the market moves against you and trigger your Trailing Order. The new trend that starts from a long term resistance being finally breached can be very powerful. A difference between Demo and Live trading is that on Binance, exchange fees can be paid in BNB with a discount.