The standard interface supports great stop-loss orders and take-profit orders which is a very good sign. I always cheer for those platforms that code great stop-loss orders where you can simply enter an amount in dollars or percentages before you open the position to protect your downside. The standard trading interface is also somewhat customizable which means you can change the position of things and adjust the functionality of the order book for example, very cool detail. To start, I will preface by saying that TokenTact is a fantastic bot trading platform.
- A variety of strategies are available, such as Grid trading for spot and futures markets, Dollar Cost Averaging in the form of Spot Martingale, and Passive Arbitrage Strategies.
- While achieving this balance is difficult, it is definitely not impossible.
- The bot will place a fixed order grid and will keep processing trades as long as price continues to fluctuate within the defined range.
- This exchange connection process is very fast, taking just a couple of minutes in most cases.
- This TokenTact review covers everything you need to know about the platform.
This feature allowed the app to detect anomalies in the market and send you a TokenTact signal that provided an opportunity for a market entry or exit. All in all, the smart trading terminal on TokenTact can easily become your go-to third-party interface for placing your daily trades. All in all, TokenTact provides a complete set of features to make any trader’s life a lot easier.
THE GOODSo far I have had a very good experience with the platform’s operation and especially the customer support which has been lightning fast, accurate, and very helpful. I would propose to keep old features while adding new ones.I would also like the addition of subaccounts.I also find the monthly fee a bit on the high end. TokenTact excels in user experience with a platform that’s easy to navigate and strong customer support.
It is an exceptional platform for those seeking to automate their trading process and benefit from comprehensive portfolio management. TokenTact, in a nutshell, is a trading platform for beginners and professional traders. Unlike many other crypto trading bots on the market, this app offers you more than a bot and tries to focus on other features, such as having a decent knowledge base and trading terminal. Launched in early 2018, TokenTact is a cryptocurrency management platform that provides an array of services to digital asset traders. Some of its offerings include but are not limited to portfolio management, signals, demo mode, and trading bots. The apps provide access to key features like the portfolio dashboard, trading bots, price charts, and notifications.
All your coins from all exchanges get imported to the TokenTact portfolio monitoring system where you can see the full performance from one single dashboard. All of this happens automatically and for each account, you connect, your portfolio will get updated with new assets, total values, and performance. All funds are stored on the original exchange that you have connected to TokenTact, for example, Binance, Okex, or ByBit. All profits are also kept on these exchanges and if you wish to make a withdrawal, simply login to that account and follow the withdrawal instructions. Each plan has a limited free-trial time where you can test all the features they offer.
Potential deals are calculated based on your account balance on certain exchanges and you can select either crypto or fiat arbitrage opportunities. I found the platform itself and the strategies very useful after checking out some videos on youtube and articles on the site. It was easier than expected to get connected to the exchanges via the APIs. All the data from multiple exchanges can be imported into a single dashboard for free.
With this method, you’re profiting off of the volatility of crypto. With that being said, some of the settings might prove to be too basic for seasoned traders. The interface also comes with the nifty feature of switching from day/night mode, which ensures that you are not setting up your trading bots with watery eyes in the middle of the night.
Here you can see overall and daily bot profit, unrealized PNL, trading time, and the number of completed transactions. It also shows the ratio of the quote and base currency https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ in open orders and their current value. Backtest allows you to evaluate the bot performance based on historical data of a trading pair for a selected period.
Step right up and marvel at the smorgasbord of features that Bitfinex has to offer, including a high-tech trading interface. Bitfinex is like a bustling bazaar, boasting 460 trading pairs and 175 coins, including the who’s who of crypto like Bitcoin, Ethereum, and Solana, to name just a few. Suffice to say, Bitfinex knows how to keep up with the Joneses, supporting the hottest currencies on its platform. Traders Union published a comprehensive TokenTact review highlighting several vital aspects, like platform features, trading conditions, etc. So, let’s delve into the realm of TokenTact and dissect the intricacies that make it a significant player in the crypto universe.
They are efficient due to their optimization by machine learning. The app is easy to use and all the trading tools are easily accessible. Once you sign up, you can access all the trading tools immediately. TokenTact acts as a third-party network that either automatically or manually closes and opens orders on the exchanges it supports.