FAQ by CryptoTrader Tax Crypto Tax in 2023 TokenTact Documentation
Automatically use DCA on loss making positions, or simply select a position and apply a DCA order to it. Instead of selling with a stop-loss, you can buy extra with DCA. This lowers overall loss, since your average buy price will go down. Nobody is perfect, and especially with the extreme volatility of the crypto market, sudden events are hard to predict.
No more fear or greed, no more chasing the market, no more losses due to “hunches”, and no more losses due to emotional trading. TokenTact has no emotions, it simply follows the instructions given to it. With that in mind let’s have a detailed look at the TokenTact platform. The following TokenTact review will cover many topics, such as how TokenTact works, how to use it effectively, what exchanges it supports, and of course, TokenTact pricing. Do you know which indicators to use, but have no idea how to code?
I’m a novice and there is probably a ton of utility that I’m not even using, so I imagine it can be even better for someone who is more knowledgeable and experienced. While some members earn $1,300 daily, some of our members earned their first million within just 61 days. If you’re an expert-level investor and you’re looking for the most comprehensive suite of tools possible, you may want to consider choosing TokenTact’s all-inclusive Hero package. With the Hero package, you can enter up to 500 positions simultaneously with up to 75 different coins, utilizing 10 triggers and unlimited trading signals.
Now you can combine your indicators, test them, and build your own strategies. Sell your strategies on our marketplace, or add them all in your A.I. Whenever you dispose of a cryptocurrency (trade for another crypto or sell it) you incur a capital gain or a capital loss. Each capital gain and capital loss needs to be reported on IRS Form 8949. This moving average is considered as one of the fastest amongst them. It is one of the fastest, and possibly the fastest, moving average available in trading.
Automated trading also removes all emotions from the trading process. Traders can get consumed with feelings of fear and greed and can start trading recklessly. With Crypto Hopper, this cannot happen as the software trades based on pure statistics and in https://tradecrypto.com/reviews/trading-soft-reviews/tokentact-crypto-bot-review/ real-time. For those traders who prefer to be in full control of their trading activities, you can also set Crypto Hopper to manual mode at any time. This is also an excellent way to test your trading strategies and to confirm your own market analysis.
Investors can automate their investing processes, copy professional traders, set signals and alerts through their mobile app and more directly through TokenTact. This allows investors to stay on top of the market no matter which coins they trade, which exchanges they use and where they travel. If you are looking for a platform that can manage your crypto trading, TokenTact could be a good choice.
- The RSI can be used in different trading styles and for various purposes.
- Choose your preferred risk level and let us set up a bot for you.
- The MACD gives a sell signal when the MACD (blue line) crosses below the signal line (purple line).
- Enter the alert message, generated from the alert generator, in the configured alert at TradingView and save the alert.
- Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor.
Therefore, it will react very quickly to changes in the price direction. The Elder Ray is an oscillator that combines components of trend and momentum indicators to measure the strength of the bullish and bearish trends. The indicator labels the trends as “bull power” and “bear power”, respectively. The Commodity Channel Index (CCI) was developed by Donald Lambert in 1980.
All you need is to follow the guidelines provided to set up their web-trader and click live trading to start trading. TokenTact and TokenTact offer many similar tools and both charge a fee to use their services. If you want to see a quick rundown of the similarities and differences between the two platforms, just skip down to the next section. TokenTact enables you to seamlessly deploy your promising bots from backtesting to your live trading bot. Witness your strategies come to life as you bridge the gap between historical performance and real-world trading. Both TokenTact and TokenTact offer copy trading, but TokenTact offers that feature to users with a $50,000 portfolio.
You never need to provide the platform with any funds, your funds remain on the exchange. This means your funds will always be secure when using the https://token-tact.com/ automated trading bots. We can conclude that every time that the OBV line increases, the volume is pushing the price up, which can be used to generate buy signals. On the other hand, when it decreases, the price is losing momentum and it is likely to go down, which can give a selling opportunity. In order to generate buy and sell signals, we added a moving average to the OBV. In this way, when the OBV crosses its moving average upwards, it means that the price and volume are increasing and a buy signal is generated.
Have been using the service itself for around 3 weeks and so far I’m a satisfied customer. The app itself is overall pretty well designed, functional, and easy to navigate. However, it is super buggy, often my balances are WAY off. Sometimes, I will open it to check and it will tell me that over 90% of my portfolio is gone! Conversely, it has a tendency to add the amount of an open order to my portfolio and make my balances look higher than they are.