How to set up a Strategy with the Strategy Builder TokenTact Documentation

The Market Arbitrage bot will look for market inefficiencies within one exchange. Your Hopper will attempt to increase the amount of the coin(s) you have selected as quote coin. It will do this by taking advantage of price differences between the currencies available on your exchange. More specifically, it will make three different trades to increase the amount of the chosen quote coin.

This feature allows you to consistently place a buying bid, X percent higher or lower than the current ticker price. It will enable you to offer a higher/lower price when you’re trying to buy or sell. This could ensure that your orders will be filled better, or that your buy orders are systematically cheaper.

This means that it will keep sending buy/sell signals as long as the UO is above or below a certain value. This feature makes the UO a great indicator to combine with others. Keep in mind that if you select “greater than” or “less than,” the StochRSI will send sticking signals. This means that it will keep sending buy/sell signals as long as the StochRSI is above or below a certain value. This feature makes the StochRSI a great indicator to combine with others.

• For more detailed explanations on specific topics, we’ll direct you to relevant articles.
• When the extension is installed and connected or you have configured your webhook url, you can start sending buy or sell actions to your hopper with Tradingview alerts.
• For more information, you can watch our TokenTact Academy video on this subject or check our troubleshooting article.
• Before we continue, it’s good to mention that we’ve created a checklist for you to follow.
• The classic way of trading with the RSI is to buy when the RSI is oversold and to sell when it’s overbought.
• Once you connect a hopper to a cryptocurrency exchange, you can select a number of strategies that the bot will implement in order to try and make a profit.

This is done mainly by crossovers between a fast and slow moving average. When the Time Series Forecast line crosses the moving average upwards, the price is bullish and the indicator would open a position. When the opposite happens, it sends a sell signal to close the position or to open a short.

This way, you’re more likely to trade when market conditions are truly in your corner. Typically, scalpers utilize the 5-minute or 1-minute timeframes to pinpoint their entry and exit points. These are short-term intraday trades that usually span from just a few minutes up to several hours. This is the first of a series of blog articles showing you how to master your trading using TokenTact. On Binance, you can trade leveraged tokens, but you must first complete a short questionnaire about the risks involved.

When the extension is installed and connected or you have configured your webhook url, you can start sending buy or sell actions to your hopper with Tradingview alerts. The way our A.I works is easily explainable, simply compare it to an automatic backtester. You “feed” your A.I with all the possible https://token-tact.org/ strategies, it will analyze them all for you and choose the one that is most successful in the current market. Fill in how often you want to send a TradingView Alert to your bot. Adding trend-following indicators on higher timeframes is a solid tactic, as demonstrated in our examples.

For example, your quote currency is USD, and you have seen that normally ADA, ATOM, and EOS are prone to offer arbitrage opportunities among certain exchanges. You will need to have all these coins on two (or more) exchanges that you want to do Arbitrage on. Now you are set and ready to start taking advantage of price inefficiencies. When your trading bot has bought an asset, it will move to current open positions, where your trading bot will monitor its price. It will only sell however, once it reaches your strategies objective. Like most of the moving averages, traders use this indicator to spot trends and trend reversals.

Fill in the maximum number of open positions per currency. Use this if you don’t want to get stuck with only one currency. This can not exceed the calculated value, which is a percentage of the “max open positions” field. For example, you allow max 100 open positions and 4% open positions per currency.

When enabled, the bot will not place a new buy order if there is an open position within the current price range for the currency. Automatically use DCA on loss making positions, or simply select a position and apply a DCA order to it. Nobody is perfect, and especially with the extreme volatility of the crypto market, sudden events are hard to predict. You need a plan for this, and a stop loss has often proven to be the wrong …

Want to use TradingView strategies, indicators and alerts to buy and sell with your hopper? With the TradingView app you can send buy and sell commands directly from your TradingView charts. Are you a professional trader or quantitative analyst, and want to earn even more on top of your trading gains? Sell your signals, strategies and templates with TokenTact. Mixing momentum and trend indicators can give you an unbeatable scalping strategy.

When it’s above the threshold, the indicator will send a buy or sell signal (depending on how you configure it). Likewise, if the ADX is below the threshold, it will https://ftb.fund/tokentact-review/ not send a signal. The Aroon Oscillator works essentially the same as the regular Aroon and provides the same buy/sell signals (if you give them the same periods).