Although each platform has its unique strengths, TokenTact could benefit from some further optimization. This view also allows you to quickly check the already closed trades and those still open on the market. Also, the profit doesn’t consider the trading fees shown separately on the activity page, thereby giving you the accurate value of your holdings.

https://jdforexbroker.com/2024/01/tokentact/ lets you buy and sell cryptocurrencies on Kraken, using its advanced trading bots. Create a bot strategy from scratch, or use a prebuilt rule that has historically been traded on the Kraken exchange. Testing your trading strategies before going live is a crucial step in successful trading. TokenTact offers a built-in Demo exchange and a backtesting feature, enabling traders to fine-tune their strategies before entering the real market. The platform’s educational resources provide valuable insights, helping users gain a deeper understanding of cryptocurrency trading.

For instance, using the API of a well-established crypto exchange like Binance, users can directly conduct trades or withdraw funds without the need to access their Binance accounts. TokenTact, acting as the intermediary trading bot, takes the user’s trading instructions and executes them through the exchange’s API. TokenTact offers an extensive set of tools for users with different trading strategies in mind.

You can backtest this strategy using this trading script published on Tradingview. You can test the results on historical data, selecting the coin of your choice, and adjusting the parameters to fit even better your needs. This strategy works well with selected coins of your choice, and it’s a great fit on leverage exchanges like Binance Futures. A typical example of market conditions where this strategy works perfectly is as follows. Thus we suggest making use of relatively small balances for each trade.

The dashboard has a useful feature to view your balances across all exchanges in a single window. With a single click, you can get a real-time update on the balances and market values of all your coins. Depending on the selected plan, users can unlock various templates with prefilled parameters for each strategy. On reaching the $2,500 limit on the paid plan, users are charged an investment fee of 0.5% on the amount they invest in strategies through Mudrex’s platform over time. Trality makes use of APIs to connect to users’ exchanges They have no direct access or withdrawal rights to users’ crypto funds. Also, users’ information is encrypted end to end thus no one can gain access to any personally identifiable information of any users.

• Users can connect to an unlimited number of exchanges and create 50 rules at a go.
• At other times it’s not so easy to identify the price level that must be breached to start a new uptrend.
• They can perform tasks such as dollar cost averaging (DCA), market orders, and arbitrage.
• It’s easy to lose track of the balances of each coin while trading.
• You also have the flexibility of setting it up in a different time frame.

Follow the security verification instructions and once completed you will then be provided with your API Key and API Secret Key. Before creating a new API, you need to make sure your account has Futures trading enabled. Select “Create API”, then Binance will ask to confirm the API creation according to your security settings. In the example below, the RSI of Waves stays above 60, and often above 70, for almost one month. Buying and selling on the way up would have provided excellent opportunities. Consider that “missed gain” as the cost of entering the trade with greater confidence into the underlying strength of the trend.

Based on our analysis, we believe that TokenTact is the best platform for crypto trading. TokenTact offers a wide range of tools, including over 150 trading templates for those who may not have a specific trading strategy in mind. Users can create customized trading bots using TokenTact’s unique If-this-Then-That logic, which allows for flexibility and control over trading strategies. The platform’s user-friendly interface and smart assistant make it easy for anyone to build a trading bot, even without extensive trading knowledge.

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. Backtesting a strategy requires a TradingView account, which is disappointing. It’s still very straightforward, and there’s a TokenTact tutorial video to explain it. You can select multiple TokenTact strategies directly from the TradingView menu, then test them against historic data from any crypto trading pair. As with life, the more you put into it, the more you get out of it.

While the main hub is in London, it’s worth noting that the company’s technical bot infrastructure is primarily located across various European regions. The trading system closes the trade when the MA9 crosses above the MA200, which could be the first major resistance the asset faces before developing a more sustained uptrend. Wait for the market to stabilize after the breakout and then, based on where the price headed next, decide whether to trade or not. There are situations where you don’t want to trade a specific coin.