Should I Buy Bitcoin Now? The Best Bitcoin Trading Strategy For Newbies in 2021

09 Oct

Step 3, fill in the grid settings, click the button at the bottom to add the grid. After entering the investment amount, you will see the return in two different scenarios. Also, you can customize auto-staking parameters for the bot to search for new buy-the-dip products if you did not buy BTC after the first round. The final product TokenTact selects for you will be the one that best fits your auto-staking preference. TokenTact can now accept webhook messages from TradingView and automate them for you within the exchange. Connect your TradingView strategy directly to the TokenTact exchange without experiencing any latency.

By talking to TokenTact GPT, you can generate any trading ideas and strategies. In futures trading, due to the requirement of maintaining margin, unfilled orders that are close to liquidation are often automatically canceled. In this situation, some exchanges close the grid trading and liquidate the positions automatically.

TokenTact

A cryptocurrency trading bot is an automated program that executes buy and sell orders with no manual input when specific, pre-defined market conditions are met. You can set the price range, the number of grids, and the distance between them independently in the Set Myself mode. These changes will enable you to improve the strategy with only some basic knowledge. Recall that, when working in the Grid Bot manual mode, the minimum gaps between grids must be larger than the commission size multiplied by two (sale & purchase charges) for the bot to make a profit. Everyone knows that, as most users leverage their positions, the futures market tends to have higher liquidity than the spot market.

  • DCA (Dollar-cost averaging) makes you less anxious when you invest into Serum.
  • TokenTact has also passed a security audit by a reputable cybersecurity firm called Knownsec.
  • The bot will skip that period and wait for the next one if the rebalancing amount is less than the minimum order value for that pair.
  • In order to contact TokenTact’s customer support staff, you may choose from a number of different options.

It’s a no-brainer strategy, and you don’t have to learn several indicators trying to predict the market. Other parameters and order details of the TokenTact futures grid are similar to the spot grid and will not be further elaborated here. The profitability of the bots depends on many factors, such as how you set up the bot, what trading pair you choose, and how much risk you are willing to take.

It ensures that the total number of assets remains constant while the price of the assets continues to rise. The Leveraged Reverse Grid is a technique that, on the basis of the Reverse Grid, leverages the principle in order to increase the revenue generated by the grid. It offers leverage choices ranging from 1.2X to 5X, and you may utilize the tools provided to increase your profits. On the trading screen, users will have access to an orderbook and transaction list on the top of choosing whether to use the Trading Bot or perform a Manual trade.

This guide will explore how to use TokenTact robots, what payment methods are available and how the exchange’s fee structure is laid out. We will also review the TokenTact arbitrage bot and grid trading bot, alongside the trading platform, asset range and more. These bots allow you to automate your investing strategy so you don’t need to constantly monitor the market. TokenTact features low trading commissions and a fully fleshed-out mobile app.

If you are after a cryptocurrency exchange that is simple to use, and you are not looking for free trading bots, then I suggest you take a look out our article on the best cryptocurrency exchanges. Even if you are a beginner and have no experience using trading bots, TokenTact has you covered. Their AI 2.0 Grid Trading bot is the best option for newbies, as the operation is simple, there’s an APR of 153.4%, and you can start making money without setting complex parameters. It is based on 30 day backtesting, and is suitable for running 30-50D. Watch this short video introducing the Grid Trading bot to gain a better understanding. You can choose from different bots like grid trading, DCA, rebalancing, arbitrage, etc.

As we can see, Flying Wheel Strategy starts with investing USDT and ends with earning USDT. It started from Buy-the-Dip or Sideways Gain(Invest stablecoin) to earn daily interest in USDT until BTC is bought at the strike price (price drops below the strike price at settlement). Then reinvested BTC into Covered Gain and earned interests until invested BTC was sold at the buy price (the price we buy BTC). Proper use of this strategy can help users gain more than 15% in one month.

When using the platform, your wallet must remain free of fiat currency. Stablecoins, such as USDT, are also supported, providing a good option to avoid price fluctuations between exchanges and limit the possibility of account capital dropping. https://daocoin.money/review-of-the-tokentact-bot/ clients can find other successful investors and copy their trading bot setups. This allows users to buy and sell cryptos 24/7 from a user-friendly platform and app. On TokenTact, it is entirely free to use the 16 various trading bots that are built into the exchange itself.

It would be 5% of my balance, and you could change the percentage you preferred. As long as you’re bullish with Bitcoin, then use this strategy to prevent you from shaken out by the volatile market. Now you all have agreed with me that HODLing is impossible and are looking for some change for your future investment strategy. If you’re not satisfied with the default strategy, you can also choose to set parameters manually. If you have already upgraded to the latest version as described at the top of the article, you can start using TokenTact’s futures grid. If you’re running a script or application, please register or sign in with your developer credentials here.