It has components of trend and momentum indicators and is compound by five lines. The Elder Ray is an oscillator that combines components of trend and momentum indicators to measure the strength of the bullish and bearish trends. The indicator labels the trends as “bull power” and “bear power”, respectively. Like other moving averages, the DEMA is usually traded through crossovers between the fast and slow moving average. The upper and lower lines shrink when the price barely changes during a specific time frame. However, if there is high volatility, both two lines widen to capture these volatility levels.
Welcome to TokenTact’s Copy Bot, your gateway to automated trading made easy. In this comprehensive guide, we’ll walk you through the ins and outs of using Copy Bots effectively. For more detailed explanations on specific topics, we’ll direct you to relevant articles.
This feature makes the MFI a great indicator to combine with others. The classic way of trading with the MFI is to buy when the MFI is oversold and to sell when it is overbought. You can set the MFI to send a buy/sell signal when the indicator is below or above, or even equal to, a certain value. This means that you can even inverse the signals and buy at overbought and sell at oversold, which makes the MFI work like a trend following indicator. The DMI sends a buy signal when the positive directional movement line (green line) crosses above the negative directional movement line (the red line).
Don’t let the fear of a market shift keep you up at night. With our A.I., your bot can automatically recognise trends and switch to a better strategy, so you can rest easy. Create or download strategies and let your Hopper watch the markets for you, and buy or sell based on your parameters. An automated TokenTact arbitrage trade would do it differently but results in the same USD gain.
- Your Hopper will automatically buy the position back once the price goes up again, protecting you from further losses.
- The MACD gives a buy signal when the MACD line (which is displayed above as the blue line) crosses above the signal line (which is displayed on the chart as the purple line).
- Therefore, as long as the dots are below the price, it will give buy signals, and as long as the dots are above the price, it will give sell signals.
On the other hand, when Aroon down crosses Aroon up upwards, it will send a sell signal. When the shorter-term moving average crosses above the longer-term moving average, it sends a buy signal to your hopper, because it indicates that the trend is shifting up. Meanwhile, when the shorter-term moving average crosses below the longer-term moving average, it sends a sell signal to your hopper, since it indicates that the trend is shifting down. Your TokenTact dashboard will give you access to their marketplace, this is a feature that a lot of trading platforms are including these days. The marketplace allows you obtain trading strategies for your bots – some of these are free and others are paid.
Your bot sees the total assets minus the reserved funds. If this amount is less than the maximum amount allocated, your bot will use smaller buy amounts for new positions. Switch the toggle so your bot will not try to buy a currency within your chosen cooldown period after a buy, sell or both. This prevents your bot from buying too much of the same currency when it receives multiple buy signals shortly after each other. Fill in the timeframe to check if there’re only positive pairs. For example, if you fill in 1 day and all the markets are going down in a 1-day timeframe, your bot will not buy.
However, when the fast moving average crosses the slow one downwards, the bears are taking over and a sell signal is open. When the fast moving average crosses the slow one upwards, a buy signal is generated due to the price shows bullish signs. However, when the fast moving average crosses the slow one down https://cryptodaily.no/tokentact-anmeldelse-en-ny-krypto-bot-pa-blokken/ the opposite happens, the bears are taking over and produces a sell signal. When the fast moving average crosses the slow one upwards, the price is bullish and a buy signal is generated. However, when the fast moving average crosses the slow one downwards, the bears are taking over and a sell signal is sent.
After completing the questionnaire, these tokens can be traded like regular tokens. Verify your account and get started on the API by navigating to API Management. If you haven’t already, go to Binance’s website and create an account. Besides using a username and password, TokenTact also offers the option to secure your account with 2 Factor Authentication (2FA). We highly recommend using either Google Authenticator or YubiKey to have an extra layer of security on your account. Our Trading Bot is the first Hopper type we ever released, and is still the most used hopper today!
The process is very straightforward and there are links to tutorials and additional useful information on each step. If you have your TA strategy set to Multiple TA, the advanced settings tab will open up. We recommend building and testing strategies in the Strategy https://tokentact.net/ Designer. If your bot isn’t buying, check and see if the minimum amount that you are spending is enough for the exchange to allow. A general rule of thumb is 20 USD, or equivalent in value. Fill in the number of open positions your bot can have open at a time.
