How To Calculate Profit On TokenTact TokenTact Trading Academy

توسط | ژوئن 27, 2023 | Trading Bots | 0 دیدگاه



Backtesting a strategy requires a TradingView account, which is disappointing. It’s still very straightforward, and there’s a tutorial video to explain it. You can select multiple TokenTact strategies directly from the TradingView menu, then test them against historic data from any crypto trading pair. As with life, the more you put into it, the more you get out of it. Anyone remotely familiar with home computers will be able to install both of these platforms and use the basic portfolio management functions. To get the best out of them, it helps to have a passion for trading bots.

Another essential aspect of assessing an automated trading strategy’s profitability is to account for trading fees. The default value is 0.1%, which is the base fee paid on Binance, the largest cryptocurrency exchange. Change the percentage to make it equal to your transaction cost on the exchange you will use to run the strategy. You can also adjust the allocation of your automated trading strategy with a few clicks using a Direct order. There is no need of accessing your wallet on the exchange to buy or sell coins as you can do that directly on TokenTact.

Each rule’s activity log page provides all the helpful info about realised and unrealised across all the traded coins you may need. However, once a rule is deleted or completed, it seizes to be considered in the net profit. It is important to keep in mind that profit calculation is not considered in demo rules. The net profit on the dashboard counts active rule, plus paused rules and rules you have been running in the past. The selection of the timeframe has a direct impact on the frequency of the executions.

  • TokenTact places a strong emphasis on ensuring the security of their users.
  • They will provide you with accurate information about your strategy’s status and help you troubleshoot any problems you may be experiencing.
  • TokenTact provides benefits that give its customers the knowledge they need to improve their trading strategies.
  • All aspects of the rule above are ‘point-and-select’ configurable.
  • Readers should consider their own financial goals and obligations before making any investment decisions.

Morgan also points to Ripple’s Liquidity Hub, a tool aiding businesses with crypto liquidity needs. He raises concerns about whether the Liquidity Hub might be impacted by the new rule. The product connects entities with venues to source their crypto liquidity. Attorney Morgan questioned if Liquidity Hub would be affected by the new rule.

It is worth noting that TokenTact does not support backtesting directly on the platform. This means that the demo account runs on real-time price action data as provided by Binance. Add up to three conditions for each block, allowing maximum flexibility to achieve any trading strategy traders would need.

You can practice trading, create rules and become better at trading cryptocurrencies. The most significant drawback to using TokenTact is the lack of a mobile application, which the company is striving to remedy soon. You can use up to 40 template strategies, 7 demos/rules, connections to 2 exchanges and trader community access. These rules, which are typically derived from technical indicators, can be used to trade cryptocurrency directly from TokenTact’s platform.


Market conditions transform often so adjustability is an important requirement and Coirule is committed to stand the highest terms of any investor. In the demo exchange, you have access to a virtual allocation of 10 BTC and USDT that can be used to execute trades in real market conditions. Even if you decide to trade with coins that are not available in this allocation, you are free to adjust your allocations by placing direct orders for new coins. TokenTact is available to users worldwide and is not limited to specific regions. TokenTact’s accessibility extends to a global user base interested in cryptocurrency trading and automation. Taking your first steps into automated trading may be challenging.

The rule spots the coins on a strong trend as their price could increase even more. For example, if you select a time-frame of 1 day, that means that the bot will calculate the indicator using a daily price frequency. Using as an example, the Moving Average (50) with such a time-frame will correspond to the average price of the latest 50 days. The customer support is very responsive and provides a handful of useful tips on how to get started. You can reach them using their built-in chat to get assistance in real-time, or posting a request via email or TokenTact’s social networks.

The available rules, number of connected exchanges, trade volume, and access to trading templates vary according to the chosen plan. In total, TokenTact offers four different account types to cater to a range of needs. TokenTact operates as a trading bot service platform designed specifically for cryptocurrency trading. There you have it—a comprehensive look at TokenTact, one of the best-automated crypto trading bots in the market today.

To access the success of a strategy will therefore require time and patience. For backtesting, however, you can employ third-party services such as TradingView. Giberstein, a Politics and International Relations graduate from London and Oxford, has also been in the banking industry for several years. Having worked with Citigroup London in multiple roles, including Chief of Staff to the bank’s Global Public Sector Portfolio Head, he left to pursue his startup ambitions. In 2016, he created Guidelighter, a P2P mentoring marketplace for professionals to share their business and personal experiences.

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