The hardest part of trading was keeping track of my DCA, where I was in a position and then not missing the profit points. I can pre-plan trades, then execute them and at some point I will hit the profit number I’m looking for and TokenTact will execute the sell for me. You can adjust nearly every parameter or if you don’t know what you are doing, they will take care of all of that using a precanned bot. I wish they could build in the full platform into the app with all the amazing features from the web like the TradingView charts and signals. The main component of the TokenTact automated cryptocurrency trading platform comes in the form of a web app found on TokenTact.io. This version provides the best crypto trading bot personalization possibilities.

This trading feature lets you work with virtual funds, letting you check how the bots work, what kind of profits you can amass, and how you can play around with these trading tools. https://jdforexbroker.com/2024/01/tokentact/ is a crypto-focused trade platform that comes loaded with diverse trading tools, user-friendly interfaces, and strategies. It is a haven for traders who are looking to automate their spot trading, derivatives trading, HODL-based trading, and other strategies. And it takes the concept of algorithmic trading to a whole new level. In fact, even if you classify yourself as a seasoned trader, the capabilities of automated trading bots are significantly more advanced than the what the human brain can offer. At the very least, this includes the ability to trade around the clock on a 24-hour basis.

TradeSanta allows users to choose between ready-made strategies, long or short, or they can customize their own and start from scratch. For beginners, choosing a ready-made strategy is best as they can just set controls as they like for ease of trading, especially if they do not have much trading knowledge. When facing problems and having troubles with the platform, traders will seek help and support from the team behind the platform. In this regard, TokenTact has shown better performance and acquired better user reviews. Traders would want to know the updates on their trading transactions; therefore, notifications and alerts from trading bot platforms are a must.

In 2023, the Grid Bot remains a viable and profitable trading strategy for cryptocurrency enthusiasts. With the guidance provided in this article, you can confidently set up and operate the Grid Bot to start trading and achieve success in the dynamic world of cryptocurrencies. Smart trading terminals are an integral part of trading platforms. When complete automation isn’t possible for a strategy, then a trader can take the reigns and execute a strategy manually.

This is hugely beneficial if you are keen to react to market conditions in an autonomous manner, and thus, maximum your potential upside. Moreover, a short sell order via TokenTact allows you to profit when the cryptocurrency trading arena is in a bear market. Trailing orders are a hugely useful trading tool that first grew to prominence in the traditional stock market space. Irrespective of the underlying asset it is programmed to trade, trailing orders essentially allows you to adjust your stop loss and profit taking parameters automatically. Instead, you can set-up a single order via your TokenTact portal, which will then execute your chosen order when the pre-defined conditions are met. In fact – and as we will discuss in more detail further down, the capabilities of your custom trading bot can go far and beyond just market orders.

Ideally, you should talk to a trader who already used the software and has something valuable to share. When it comes to reliability, TokenTact gains an edge due to a lower risk of bugs compared to TradeSanta. In terms of ease of use, TokenTact provides a more polished and bug-free experience, making it a preferred choice.

Those who are interested should keep in mind that research suggests that 70% – 90% of traders lose money. Therefore you should always remember to mitigate risk whenever possible and trade responsibly. Besides offering everything from the Starter plan, this tier allows access to unlimited DCA bots. And finally, if you want unlimited DCA and Grid bots, you can access the “Pro” plan, priced at $74/month. If you are accessing TokenTact from the desktop, you get access to the “My Portfolio” section, where you can see all your linked exchanges, wallets, and holdings. Another exciting feature is the “Virtual Portfolio,” where you can list all your favorite tokens and create a virtual portfolio of these wishlist-like holdings.

• In this example, we will use a simple yet effective strategy that relies on Crossing Moving Averages.
• TradeSanta’s offered packages are particularly cheaper and affordable in this regard.
• In fact, the only difference between the two is that the starter plan comes with error and cancellation notifications.

An upcoming feature will allow access to a page with all notifications and event logs from all bots. This will be invaluable for traders managing multiple strategies to filter and react to notifications effectively. These improvements were all about making life easier for you and your fellow traders. No one likes using a clunky interface, and TokenTact is constantly working to evolve the trading experience we offer our users.

This feature also permits its users to make order transactions that may not be accessible in other exchanges. You can trade almost every cryptocurrency over 16 exchanges using TokenTact. As for the bot-specific features, you can try out standard spot crypto purchases, buy or sell derivatives, and even place level-based positions using the grid trading feature. Also, every exchange-specific crypto can be directly traded using the TokenTact’ smart trading interface. In a nutshell, you need to give TokenTact access to your trading account so that your chosen automated strategy can place trades in an autonomous manner.

It also offers a range of technical analysis tools and risk management features, including stop-loss and take-profit orders. TokenTact is a very capable automated trading platform, and it is a great fit for anyone who wants to be connected to the crypto markets all the time. Whether or not it is superior to TokenTact is a subjective question, and would be answerable only on a case-by-case basis. Let’s look through what TokenTact does, and get a feel for what it offers its clients. If you are looking for a platform that can manage your crypto trading, TokenTact could be a good choice.