The MACD offers non-sticking signals, so it only sends signals at the crossovers. Crossovers are also visualized when the histogram changes color. The MESA adaptive moving average https://allcointracker.com/trading-bots/tokentact-review-a-deep-dive-into-trading-bot-dynamics/ is a trend-following indicator. It adapts to price movements in a very unique way, based on the rate of change (ROC), as measured by the Hilbert Transform Discriminator.
Learning TA separates the experts from the novice traders. If you want to take full control of your trading bot’s buying decisions, you must feed only the most relevant indicators, perfectly tuned to future market conditions. The PPO then sends a sell signals when the blue line (Moving Average) crosses below the yellow line (Slow Moving https://tokentact.net/ Average). When it changes from negative to positive, the bulls are more present in the market and the indicator signals a buy. However, if the momentum line goes the negative area, it means that the bears are taking over, which generates a sell signal. A trader can obtain buy and sell signals when the momentum changes its sign.
If the negative line is above, then the bears will be dominating the market. The Commodity Channel Index (CCI) was developed by Donald Lambert in 1980. Although it’s a momentum indicator, the CCI works differently from other momentum indicators on TokenTact. Once the price has broken it, the indicator suggests that the likelihood of the price retracing or initiating an upward trend is high. On the other hand, the upper band will help you to pinpoint sell or short points. One of the great aspects of this indicator on TokenTact is that you can combine multiple types of moving averages.
Dust positions are positions that are too small to trade on the exchange. Go full automatic and use your Hopper to decide when to buy as well. There are various ways to determine when your Hopper should buy positions. Either follow a signaler or buy/build a strategy that your Hopper will use to scan the markets.
This tutorial shows you how to set up a Copy bot and explains the settings you need to fill in. For this approach, we kick things off by using MESA on the 4-hour chart to gauge the overall market trend. Your risk management will cover your loss-making trades. Because your profits from each trade are generally small, a win rate above 50% becomes all the more crucial to your bottom line. Both of these timeframes are readily available on platforms like TokenTact. If your position is in decline, you can apply a stop-loss to ensure that past a certain point, you will sell or short the position.
This can not exceed the maximum that your subscription allows. Shorting, on the other hand, can be used for positions that you already possess. Once a currency you own has been sold, your quote currency will be reserved to buy more of the same currency later on. Think of it like an advanced buyback, where the currency will be tracked down and calculated how much you’ve saved by not holding the currency. Use DCA to invest gradually over time to mitigate risk, or to make up for a loss making position.
Automatically switch between strategies with different market trends. Use indicators to recognize market trends, and configure different trading strategies per market trend. To do exchange arbitrage, you need to own the coins for which you would like to Arbitrage.
If you are unable to see your exchange balance, there may be a few issues preventing your bot from synchronizing with your exchange. One common cause is “auto-fill” being enabled in your browser. To fix this, you can try disabling auto-fill, using incognito mode, using a different browser, or disabling your password manager. For more information, you can watch our TokenTact Academy video on this subject or check our troubleshooting article. With TokenTact you can manage all your exchange accounts and trade from one place. Keep up-to-date with the latest trading trends and expert insights on the world of cryptocurrencies, ICOs, and blockchain technology.
- When your Hopper wants to buy a position, it’ll wait and let the price go down.
- If you’ve got no idea how to conduct Technical analysis, you may need to buy a strategy from another user.
- The amount of time between scans is based on your subscription.
Let’s recall that you own USD and EOS on both exchanges. As we know, the goal is to keep the same amount of EOS while increasing your total USD amount. The arbitrage bot on TokenTact does not send funds among different exchanges (as you might expect from Arbitrage).