Lucky to have been introduced to CryptoTact, the interface is easy to use and efficient but takes time to get used to, like anything, at first. Their customer service goes above and beyond to help you which I have not come across with any other company. They take a very personal approach and check in with you to make sure you have had your problems solved. Excellent communication, very responsive, would highly recommend them. The only negative is that the DCA-based mechanisms invest large amounts of base currency so you have to ensure you have enough free funds. Also, you should be careful about setting the base currency ratio and frequency.
First of all, crypto-tact.com does not charge any extra fees by trading on the standard interface or executing trades with the bots. The fee you pay for entering and exiting the market is going to be the same fee as the exchange where your funds are stored. For example, if you have connected CryptoTact to Gate.io you will pay their trading fee which is 0.20%.
- Our bots helps traders of all levels succeed in the crypto market.
- Double-check all the parameters again and start a bot by pressing [Start Bot].
- A stop limit order gives you more reign over the price yet does not assure execution.
- By default, CryptoTact offers you 2,000 USDT in virtual funds for trading practice.
The interface allows you to easily switch between different exchanges by clicking on the platform name above the chart screen. Dollar-cost averaging (DCA) is a strategy to divide the total amount across periodic purchases. Buy trades occur regardless of the coin’s price and at regular intervals. CryptoTact’s DCA Bot is an excellent solution as it reduces the impact of volatility and price change on the overall position. In this article, you will understand the goal, suitable market conditions, and operation logic of each of our bots.
As for risk-minimizing features, both platforms offer Take Profit, stop loss, and trailing stop loss. Most experts would agree that trading without safety mechanisms is irresponsible. So, these features limit your chance of major losses and losing everything you have. Once you customize your chosen strategy or create one, you most likely will want to know if it will be profitable. Both services provide equal opportunities for testing your strategies without losing money.
Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!
Bitcoin swings less wildly than most altcoins, so while profits may be more modest, they are also more dependable. The king of crypto lumbers where altcoins sprint, with less chance of sudden jumps or drops. If you’re not careful, you could potentially fail to recover your profits. The Stochastic Oscillator helps identify these potential inflection points by showing when an asset’s price may have become overbought or oversold relative to its recent norm. While not foolproof, when used properly it can provide valuable insights into market psychology and help scalpers spot reversals in short-term price trends. The Stochastic Oscillator (SO) is a handy tool to determine when an asset’s price trend may be about to switch directions (Pic. 3).
For instance, if you started the Scalper Bot with a $5,000 investment and the base currency price drops and now the currency investment value reads $5,250, then your investment change is +5%. The two programmed goals of the Scalper Bot would be to maximize profit in a bullish market that is followed with automated trailing while compensating losses in a downtrend. Before the innovations, the SBOT supported grid spacing as low as 0.1%, but now day traders can create the SBOT with 0.01% grid spacing. CryptoTact’s crypto market cap calculator is consistently updated, easy and fun to use!
During a sideway period the Grid trading bot will generate max profit while the DCA bot will actively join the game if the market leaves the flat range and starts a new trend. This bot will buy the base currency and then profit from selling it as the price increases. CryptoTact generates revenue primarily through its subscription-based pricing model.
It brings together both professionals and amateurs to network and exchange investment ideas. In this piece, we’ll talk about the last bit — a wide array of technical analysis tools that you can find on CryptoTact’s built-in TradingView interface. COMBO follows the trend in both directions and generates returns endlessly as the GRID and DCA levels are automatically placed with its built-in trailing function.
Use this bot to break your trades into grids to take advantage of every price move. This works with postponed limit buy and sell orders in predefined price intervals. Overall, CryptoTact is a safe, secure and fully encrypted platform to trade with.