Also, if you are trading more liquid coins, the bid/ask spread will likely be tighter, so that the effect on your performances will be limited. On the other hand, low volume coins can have less liquidity and execution prices could be less accurate. Including an additional condition for volume or market cap could help reduce the differences between the paper trading and real trading.
Meanwhile, customers can connect with a chatbot or the support team on all popular social media networks like Twitter, Facebook, and Instagram. Several users commended the bot as an intuitive and resourceful platform. With a mobile-responsive design, CryptoTact ensures that users can manage their trades and monitor their portfolios from anywhere, at any time. In this review, we will examine the platform’s core features, usability, trading strategies, and pricing to help you decide whether CryptoTact is the right choice for you. There are no rules/conditions within CryptoTact that allow for the transfer of your assets on an exchange outside of your account.
Using this method allows the trading bot to align the prices in the condition with the price that will be traded when the order reaches the market. If you select “from current live price” we use the market price at the moment of launching the rule. The bot uses that price to calculate the price that will trigger the order based on the percentage set. Master the crypto market by using the top crypto application for exchanges and let the CryptoTact trading bot trade for you. AnySwap is a cross-chain decentralized protocol for swapping, and it’s based on Fusion DCRM (Distributed Control Rights Management).
- Once you have produced your API Keys you will require to return to the CryptoTact Dashboard to go into the call for API details.
- Anybody who is currently active on any of the supported exchanges can constantly offer CryptoTact a shot in order to enhance the limited trading alternatives most of those exchanges currently supply.
- That allows you to enrich your trading plan and to create a fully automated crypto trading bot.
- The template has also been configured to automatically start immediately, and execute once a day with a maximum total of 10 executions.
- The webinar offers a brief introduction to the rules, templates, trading strategies, and trading bots.
There are detailed guides that will guide you through the process with no hurdles. You can access TradingView indicators and scripts by selecting the “Indicators and Strategies” Icon on the bar at the top of the screen. CryptoTact help centre is literary packed with valuable products, from write-ups about just how to make use of the platform to trading suggestions as well as techniques, along with their FAQ section. CryptoTact does not apply any other fee on the trades, so the repaired subscription fee is the complete price you will spend for making use of the solution. The Hobbyist plan sets you back $29.99 each month as well as enables you to trade as much as $50,000 each month.
One regular obstacle for crypto traders is to handle their holdings among various exchanges. This is shocking because crypto-tact.com should be tracking these techniques in any way times within a core demo account. You need to run these templates in your own demo account for numerous days at a minimum to see just how they could perform on the coins you’re trading. You can then create a very easy configuration trading strategies based upon “If/Then” parameters which enable you to rapidly start as well as benefit from any kind of market movements. The bot will use prices of the BTCUSDC trading pair on the exchange to verify if a condition is met or not.
In this case the rule would sell BTC and try to buy back with a Trailing $250 below the current price. This will then trigger the Trailing Stop of $250 below the buy price of $43,000. However, if BTC continues to go up, the Trailing Stop will follow.
CryptoTact ranks them according to their complexity and the investment style so a crypto trader can quickly find the one that fits their needs. These trading bots cover some of the most common trading strategies for cryptocurrencies. One of the main competitive advantages of CryptoTact is the interface which offers a best-in-class user experience.
The platform also enables anyone to deploy trading “rules” without needing to understand or utilize any type of code. CryptoTact’s system for developing rules is understandable as well as entirely free of coding. While it doesn’t use a substantial range of triggers, the simplicity of this platform is a substantial draw for cryptocurrency traders examining out automation for the very first time. CryptoTact supplies a variety of tools for customers whether they have a concept of what trading strategies they want to use or wish to select from the 150+ trading templates offered. If the rule has multiple executions, that market price is updated with new market conditions when the rule starts from the beginning.
Despite involving the leading edge over 2 years back, CryptoTact is still not as huge in the automated cryptocurrency bot sector as a number of its even more prominent equivalents. The platform is constantly developing, with new trading indicators added every week. On the other hand, by selecting “Isolated”, you can isolate each trade independently, meaning that you allocate a specific amount of margin to each position. In this case, If the margin ratio reaches 100%, only your position will be liquidated. Once selecting the settings you are comfortable with, you can then make your way to the CryptoTact Dashboard and begin trading.
Whether you’re considering CryptoTact for the first time or seeking a deeper understanding of its features, our analysis is designed to answer your most pressing questions. Stay tuned as we unravel the details in this CryptoTact review, helping you navigate the complexities of cryptocurrency trading with greater confidence. The main goal of a scalping strategy is to open and close trades frequently, profiting from small gains and limiting the downside risk. The list of the exchanges supported by CryptoTact is rather remarkable, with a lot of the leading cryptocurrency exchange platforms included. There are no limits to how many exchanges you can connect to, yet you can still only create up to 50 rules at once.
The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. You can check this page to learn what it takes to create your perfect strategy. Test your rules on the Demo exchange to get familiar with the logic without any risk involved.