The MESA is generally a good option to combine with the Percent Change. For example, you can use the MESA to find an uptrend and then once the price pulls back in the uptrend, you can use the Percent Change to buy in. These are just examples though, and not advice on how to configure your strategies. The MFI is a momentum oscillator and can also be considered a volume one. It measures the flow of money into and out of an asset along with price changes to identify oversold and overbought zones.

This is great for beginners as it essentially allows you to “plug & play” your chosen strategy created by more experience traders and test it out on your account. The price will be tracked down before it will create a regular buy order when the price starts rising again. TSB does not work for signals received by Signalers and will only work for new trades.

It will rise once the volume and price are increasing hand in hand. However, as soon as the price starts going down, the line will decrease since it assumes that the volume is more likely to be supply. It combines price and volume in its calculation, and is represented with a line at the https://tokentact.co/ bottom of the chart. The MACD gives a sell signal when the MACD (blue line) crosses below the signal line (purple line). This can also be visualized by the histogram turning red. The Moving Average Convergence Divergence (MACD) indicator was created in the late seventies by Gerald Appel.

Another advantage of trading on TokenTact is that you can track all trades on the Dashboard. In the bot output, you can see precisely what the possible issues are during the buying and selling of the received signals. If there is a mismatch between the positions you hold and the seller, the portfolio sync function can correct this. Like the SMA, traders typically use this indicator to spot trends and trend reversals. It is mainly done by crossovers between a fast and a slow moving average.

TokenTact has been engineered to provide the general cryptocurrency community with a viable solution that helps traders to generate profits on a more consistent basis. The mix of technical indicators and third party trading experts or signallers provides traders with increased options as do the template and backtesting features. There are both free and paid subscriptions available and bots can be configured to follow signallers in just a few clicks.

This is interesting when you automatically synchronize positions. When you enable auto-merge, the “max positions per currency” won’t be taken into account as all positions will be merged into one position. Another buying feature that is available on TokenTact is Dollar Cost Averaging (DCA). Through DCA you buy double or triple the amount of the currencies currently in a loss. By buying more of a losing position and merging these positions, you lower the percentage profit needed to break even. Keep in mind that you are increasing the amount of holdings in this currency.

The team have put considerable effort into developing a platform that is beginner friendly and new users are also able to access an extensive education and community led resource sections. Arbitrage is a trade that profits by exploiting the price differences of exchanges or market inefficiencies. Arbitrage exists as a result of market inefficiencies and would not exist if all markets were perfectly efficient. For a detailed explanation of how to set it up, click here.. While cryptocurrency trading is an innovation in finance, automatic trading is an innovation in cryptocurrency trading. It is therefore, in many ways at the forefront of financial innovation.

• 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.
• Likewise, when the volatility falls and the market ranges, the ATR line will fall below its moving average.
• When it’s above the threshold, the indicator will send a buy or sell signal (depending on how you configure it).
• The ADX generates signals when it rises above a specific threshold.
• In this case, please click on ‘Continue without testing’.
• Likewise, if the price breaks the cloud downwards and closes below it, the price is likely to fall.

Your bot will allow 4 open positions per coin type of the 100 total open positions. We’ll tell you everything about https://ftb.fund/tokentact-review/ and how to get started with automated trading. By investing over time, you will average your buying price and will notice less from market movements, as long as the price will go up over time. This makes DCA very suitable for risk averse beginner traders. Send alerts to your generated webhook url and start buying and selling with your signals/alerts from TradingView.

The classic way of trading with the UO is to buy when the UO is oversold, and sell when it’s overbought. However, on TokenTact we leave a lot of room for customization. You can set the UO to send a buy/sell signal when the indicator is below, above, or even equal to a certain value.