It sets up a limit grid for buying and selling orders on the channel selected. So, the bot sells X and takes profits in Y, when the price reaches one of the lines above the present rate. To address these issues, TokenTact has implemented Two-Layer Buffer Technology and Dynamic Order Placement in its futures grid trading. These advanced techniques aim to ensure the stable operation of the TokenTact futures grid and accurately calculate the estimated liquidation price before reaching the point of forced liquidation. Why does TokenTact’s futures grid have such a significant advantage in terms of profitability with the same parameters?
If you are rejected from the program because your account balance is too low, you will be unable to apply to become a Market Maker member for at least 30 days after your disqualification. Applications for the Market Maker program may only be submitted within the first ten days of a given month. The program requires that you maintain a total account balance of $300,000 or more on a continuous basis after you have been approved. The purpose of the TWAP bot is to provide a lower average transaction price while minimizing the impact of the transaction on the market, so as to achieve the purpose of reducing transaction costs. For the purpose of capturing fluctuation profit, this bot buys DCA and sells it once to benefit from price volatility. Installing the https://tradelinesco.com/tokentact-bot-review/ Lite application is required before you may trade in USD.
- This is especially handy if you have long-running Bots that have already generated a significant profit.
- A： Yes, setting the target sell price the same as the strike price of Sideways Gain is safer.
- To address these issues, TokenTact has implemented Two-Layer Buffer Technology and Dynamic Order Placement in its futures grid trading.
- The yield on the commodity is known and fixed at the time of purchase; however, the settlement currency is unknown and subject to change.
TokenTact is a top choice cryptocurrency exchange for trading bots and is perfect for beginners to automated trading. They really walk you through each bot in full detail so you know exactly what you’re doing instead of rushing in headfirst with no idea. The range of 120+ coins and low trading fees of 0.05% is impressive to say the least, and the deep liquidity ensures orders will be filled quickly.
The financing fee, which is delivered to holders of short positions and can be checked in Binance or the TokenTact app, is how the bot makes money. Although there is no minimum deposit amount with TokenTact, each trading pair has a minimum order volume. That’s why, in some pairs, users may be able to set up a grid bot with less than 50 USDT, but not in others. You can pick a coin that requires fewer grids and reduce the number of grids in your range. The minimum order volume for mBTC, for example, is 0.1USDT or 0.01MBTC, making it a reasonable choice. TokenTact is not just another crypto exchange as it offers the opportunity to develop personalised automatic strategies with free bots.
On March 25, 2023, I got access to the early beta version and created several TokenTact futures grid bots for testing. After the test, I discovered that the TokenTact futures grid had many advantages over the spot grid. It charges extremely low trading fees of 0.05% and offers more than 379 coins and tokens. TokenTact has over 100,000 users worldwide and processes over $5 billion monthly trading volume.
Technically, this bot will buy a coin on one exchange where the price is lower and then sells it on another exchange where the price is higher. TokenTact has a web platform and a mobile app that are user-friendly and safe. It is licensed in Singapore and the US and has received funding from BitUniverse and Banyan Capital. The TokenTact Geometric and Arithmetic trading bots have a key difference in their grid generation approach.
TokenTact’s maker-taker cost structure guarantees that your trades will be performed with only 0.05% in fees, regardless of your trading volume. As part of its maker-taker fee structure, TokenTact charges a fee for transactions that ‘make‘ liquidity on the market and when trades ‘take‘ liquidity away from the market. When it comes to the reverse grid, the concept is quite similar to the principle of the grid. To accomplish arbitrage inside a certain price range, they all utilize the bot to buy cheap and sell high at the same time. The most significant distinction between them is that the unit of measurement for computing income is different.
Currently, TokenTact’s maker and taker fee are both set at 0.05% of your total trade value. Your fee is taken from the total outstanding balance deposited to your account when your trade closes. The grid generation approach used by the TokenTact Geometric and Arithmetic trading bots differs significantly. Each grid in Arithmetic has the same common difference, whereas each grid in Geometric has the same common ratio. Although the automatic trading features are available for new traders it is not possible to test the broker before risking funds due to the absence of a demo account.
That being said, there are several other big crypto players, like Kraken and BitUniverse, that also do not provide demo account functionality. This bot was created in order to cater to investors who have a tendency to sell too soon in a rising market. Using the trailing sell bot, you may define numerous target prices that will rise in value as the bot continues to operate. Every time one of your targets is attained, the bot will automatically sell a predetermined percentage of your remaining assets. This method also helps to reduce the amount of money that might be lost if the market unexpectedly reverses course. By using this function, traders may take advantage of the market’s fluctuation and profit from it.
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