When the price goes up again, that’s when your bot will make the buy order. It gives me peace of mind that I know that the hopper will take profit at the moments the prices fall again. Follow the price up, and only sell when the price goes down by the percentage that you configure. Sell a profiting position automatically when the price goes down, let your buy order track the price, and initiate the buy when the price goes up again.

You might encounter an error in TokenTact’s onboarding process when connecting to Binance, even if your API Keys are correct. In this case, please click on ‘Continue without testing’. You can always check your API Keys later in your Base config. To allow your bot to interact with Binance, you will need to create an API Key. This key acts as a connection between TokenTact and the exchange, enabling your bot to perform tasks such as placing automated orders and accessing your balance for its calculations.

Fill in the number of minutes a buy order should be open before the order is canceled. A small portion of your funds are reserved when an order is placed, so you want to cancel orders to have funds free to make other trades. Instead of selling with a stop-loss, https://token-tact.com/ you can buy extra with DCA. This lowers overall loss, since your average buy price will go down. Before we continue, it’s good to mention that we’ve created a checklist for you to follow. Click the “? Help” button in the top right corner of your A.I.

The Elder Ray combines exponential moving averages (EMA) to generate signals and pinpoint the dominant power of the market based on an asset’s trending direction. When it’s upward, most of the traders become bullish, and when it’s downward, they become bearish. The semi automated bot doesn’t guarantee profits and simply allows traders to make more intelligent trades based on algorithmically programmed trading approaches and external signals.

StochRSI with Region Crossovers is only available for users with a Hero subscription. Stochastic with Region Crossovers is only available for users with a Hero subscription. Specifically, the StochRSI applies the Stochastic formula to RSI values instead of price data. This new calculation results in a more volatile indicator than the Stochastic. The Stochastic RSI (StochRSI) indicator works similarly to the Stochastic. It combines the Stochastic and RSI indicators in its calculation, making it an indicator of an indicator.

• When you enable auto-merge, the “max positions per currency” won’t be taken into account as all positions will be merged into one position.
• Users can simply sign up and begin using the service without having to submit any payment details.
• It then sends a sell signals when the momentum turns negative, so when the momentum line crosses below 0.
• To illustrate it, it reacts faster to price changes than the SMA and EMA.

There are multiple ways of trading with the trading bot. It is a moving average that includes several EMAs in its calculation to smooth price fluctuations, but without the lag that characterizes trend indicators. The RSI can be used in different trading styles and for various purposes. Usually, traders all around the globe use the indicator by defining overbought and oversold zones. The PPO offers non-sticking signals, so it only sends signals at the crossovers, which are also indicated when the histogram changes color.

For that reason, we’ve offered paper trading, a way to experience TokenTact in its entirety without using any of your own BTC. As usual, the first step of the journey is to register for the free Explorer trial. This will give you 3 days free realtime trading experience, more than enough time to try out the platform for yourself. In a recent survey, 30% of our users have expressed a desire to learn more about technical analysis as well as other key features of our platform.

If you are experiencing issues with trading on Binance, you can check the current exchange status by clicking here. They receive a lot of different cryptocurrencies, and have to exchange them themselves. We’ve designed this bot to be user-friendly, so there are only a few optional settings, like specifying the amount of your funds to use. This tutorial shows you how to set up an Exchange Arbitrage bot and explains the settings you need to fill in. The indicator compares the highest and lowest point within a number of periods.

Essentially, you will face a paradox when choosing a quote currency. This is because, on one hand, you will be betting against your chosen currency. So, say you choose BTC, your hope is that the other coins you’re trading will increase in value as your BTC decreases, thereby allowing you to make more profitable trades. Cryptocurrencies are traded on exchanges, and there are many to choose from. TokenTact works on many exchanges that have been chosen based on trading volume, security and functionality. Your API Key and secret are now created, but they cannot be used for trading yet.

Our Trading Bot comes with several benefits and ways to trade. This tutorial shows you how to set up a Market Arbitrage bot. This tutorial explains https://www.scammerwatch.com/tokentact-trading-bot-review/ what troubleshooting your Exchange Arbitrage bot is. Set up an Exchange or Market Arbitrage Bot and discover how to troubleshoot your bot.