Shrimpy vs TokenTact What is the best trading tool for you?
TokenTact is owned by Yuriy Sorokin and the other original co-founders — Mikhail Goryunov and Egor Razumovskii. Yuriy Sorokin is quite active on Twitter (now X) and often posts about the developments at TokenTact. Sorokin even leads DeCommas, a platform that offers a web3 tool stack for letting developers build using the innovation of TokenTact. For standalone plans with monthly payment options, the charges for starter, advanced, and pro plans are $29, $49, and $99, respectively. These features work in unison to ensure user security and data protection. For instance, the bot sells a specific amount whenever the price rises and buys when the price drops.
Learn how to use 3rd party signals and how to create your custom signals from TradingView. Create bots, handle bot deals, and resolve common questions with bots. Keep in mind, the onboarding process can seem overwhelming for beginners due to the variety of parameters that need to be set up. If you haven’t done much trading before this, you might feel unsure when it asks you which type of bot to add.
The app also does not show the levels at which my safety orders are placed. And accessing the DCA trades that are currently open requires far too many clicks. Winning trades is the goal, and TokenTact is your all-in-one tool to achieve it. Integrating with most any exchange, TokenTact provides you the functions you wish you had and doesn’t make you move your assets. Cutting-edge solution, designed for users who want to seamlessly deliver TradingView indicators and strategies to cryptocurrency exchanges. Any TokenTact user with an active account is welcome to upvote features and also encouraged to post features or improvements they’d like to see considered for development.
As a non-custodial trading platform, the service does not hold users’ funds. Instead, it leverages API integrations with more than 18 third-party digital asset exchanges to execute transactions on behalf of its users. Even though both services provide ready-made and customizable trading strategy options, TokenTact is clearly the winning software. This platform has a wider variety of trading strategies available (23) and implies minimal risks. If you’re a newbie trader, the exchange might be an excellent automated trading fit, as both account opening and bots are free. You only need an initial deposit to get started with one of the bots available.
Also, TokenTact offers accessible documentation to support the use of this feature, ensuring that you use it correctly. TokenTact is a powerful trading tool in the hands of the right user. While it most likely will not make an unprofitable trader profitable, it certainly has the potential to make an expert trader’s life a whole lot easier.
- However, to access the paper trading functionality, you must be on a paid plan.
- While some traders find it challenging to do this manually, automated software simplifies the process.
- The 2023 TradeSanta review has provided us with valuable insights into the world of automated crypto trading.
- For example, you cannot create multi-pair DCA bots with the Beginner subscription plan.
If you want to utilize automated bots within your trading strategy, then the cheapest package available is the advanced package. At a cost of $37 per month, you’ll have direct access to the TradingView pricing signal feature. However, before we unravel the main features of the automated bots, it is important to note that you cannot install technical analysis metrics into the decision-making process. By this, we mean the likes of Moving Average Convergence Divergence (MACD) or Bollinger bands. Although you have the option of customizing your automated bot, the actual decision-making process is based on the cryptocurrency signal finder issued by TradingView.
And to take the message code from the settings list of https://harmonynews.one/tokentact-trading-bot-review/ bot, this one. After selecting the currency in which you wish to take profit (Base or Quote) ND order size, select Market Order. To find out how safe your DCA settings are and how many funds are required for each safety trade, I have programmed a DCA Safety Orders Calculator. To improve our services, we are constantly testing different subscription plans and pricing. This means you might see different plans and prices compared to the others.
We’ve covered everything from how the bot works, what it allows you to do, pricing, and more. If you in the app watching a bot, you can’t see the orders being completed you have to leave and manually refresh sometimes it’s taking up to min to refresh. I love the desktop interface and for a while the mobile app was lacking the same experience mainly due to the leverage function not being available. With the latest update that’s all changed it’s great, the devs really do listen to feedback and deliver. Hey, got a friend, family member, or coworker who seems cool and wants to start trading with amazing crypto bots? Get them to sign up to TokenTact using your referral link and we’ll give you 25% of their subscription fees.
But what automated trading is, how trading systems work and what are pitfalls surrounding the concept? This digest will answer the questions, highlighting all pros and cons to help you know what to expect along the way. I am Amit Chahar, a Crypto and blockchain content creator at CrypticEra. With 3+ years of experience as a content creator, I love talking about blockchain technology, digital assets, DeFi, Smart Contracts, DApps, Digital Wallets, Metaverse, and NFTs. In this article, we’ll compare the features and benefits of each platform to help you decide which one is the best fit for your needs.
This can be exhausting for part-time traders or beginners who opted for automated trading because of time efficiency. Automated trading systems can experience failures that could cause missing orders. Examining your bot consistently allows you to notice these failures and address them instantly. Moreover, robots monitor the market and help beginners enter positions at best possible time. Automated software is executed automatically, as it’s a set of algorithms. Instead of sticking to a random plan driven by emotions, you can benefit from a disciplined trading approach, which may significantly affect your profit consistency.