The bot reads the indicators such as the RSI and MACD to choose when to place and close trades. The DCA bot can be used to automatically buy and sell cryptocurrencies at optimal times using technical analysis and smart automation on the CryptoTact platform. The bot will keep processing trades and closing out in profits as long as the price remains within that price range, or closing out in a loss should price continually trend against open positions. All trading operations are created and processed by using an exchange API key which is unique for every user. An API key is a safe and reliable way to use a platform because it does not give access to your personal data and prevents any funds management (withdrawals & deposits).
They also always follow up with an e-mail to check if I need any additional assistance. Been with CryptoTact for 2 years and never had many issues with them. You can trade bots on the exchanges themselves but I find its worth the subscription just for the brilliant UI and the features on the site. The free plan is, in fact, a trial plan available for usage for 14 days. All standard features are included in this plan, along with a $1,000 monthly trading limit. We highly recommend that you take advantage of this free trial to understand how the platform works before you opt-in for a paid version.
The stop loss can be set at any price level, directing the crypto exchange to buy or sell the asset based on the existing position. Take Profit, and Stop Loss are features that allow you to close the trading bot and sell the base currency when the price reaches a specific condition. Only you hold the keys to your exchange account, meaning only you can define the settings in the Kraken trading bot API. As a result, your funds remain firmly in your hands at all times.
He decided to put in a stop loss order to cap his losses if things didn’t pan out as he envisioned. Jimmy placed his stop loss at 10% of what his cryptocurrency was currently worth and sat back to see what would unfold. Stop orders are designed to spring into action based on a trigger — the price threshold you predetermine.
Select from a range of predefined strategies based on baskets results. Our servers are located close to popular exchanges to ensure stable and fast order execution. Our platform executes trades, while keeping all information entirely confidential. In addition, CryptoTact has five layers of security that have proven to be the most effective in terms of the protection of customers.
Additionally, the amount of features and diversity of trading bots that the platform offers is nothing to sneeze at. Yet the products and features are simply one side of the CryptoTact story. It is the reception of the platform’s customers that is truly impressive. Imagine effortlessly executing trades by snapping up available prices from the order book — you’re acquiring assets at the going market rate, but also slightly diminishing the exchange’s liquidity. There’s also an option to change the order size to the base currency.
All transactions and personal information are encrypted, meaning your funds are 100% safe. CryptoTact offers 3 options to pick by default, each with a different price and features. CryptoTact helps you to automate trading and investment through various tools. The CryptoTact website and mobile app both have smooth user experiences and are responsive, convenient, and easy to navigate.
- They are created by linking the extreme points of the trend in question.
- The only delay in fixing the problem was the time difference between the team’s location and where I live.
- But the number of bots that you can configure and trade with on CryptoTact is better.
- However, the platform does offer a lucrative opportunity in the form of its affiliates program.
- While both moving averages and trend lines are useful for identifying trends in cryptocurrency, the moving average is generally more effective.
- All trading operations on CryptoTact is processed through your unique API key.
It lets you set the stop market order and then kick back, letting the automation handle the rest — no need to fuss over moving your order manually. The trailing adjusts the order as the price changes by a set percentage in the price step, which you can set at a minimum of 0.2%. As the market order springs into action, it’ll most likely result in an execution.
Thanks to the diverse range of order types at your disposal, you can bend the trading experience however you like. These nifty tools are designed to help you expertly navigate through the stormy seas of risk management. Effective from August 9, 2021, only users who have completed https://crypto-tact.org/ intermediate verification can create new API keys. Now you need to edit the restrictions of your API key – this will allow our platform to process your trading activity on your Binance account. Please, click [Edit restrictions] as shown below and follow the further instructions.
