We start by checking MESA on both the daily and 4-hour charts to ensure the trend is favoring us. And remember, these indicators won’t always sync up, so we’ve designed the strategy to keep the Williams %R signal active for 5 candles. It allows you to buy or sell templates or strategies from other users. If you’ve got no idea how to conduct Technical analysis, you may need to buy a strategy from another user. Of course, only select an exchange that works with TokenTact, you can see that here.
- These indicators can be divided in four different types.
- In this way, when the OBV crosses its moving average upwards, it means that the price and volume are increasing and a buy signal is generated.
- When the fast moving average crosses the slow one upwards, a buy signal will be generated since the price can be starting a bullish trend.
The way we offer it, it is exclusively available on TokenTact, making it unique. Select the currency you want to buy, You don’t need to choose your quote currency, because the bot knows what your quote currency for the selected bot. Explore all of the features of TokenTact like auto trading, paper trading, trailing features, algorithm intelligence (AI) and more. This infrastructure is specifically developed for developers and organisations seeking to utilise blockchain technology for innovative applications. Its quick reaction to price movements is produced by assigning greater weight to the most recent periods and prices. To illustrate it, it reacts faster to price changes than the SMA and EMA.
The amount of time between scans is based on your subscription. Keep in mind that if you select “greater than” or “less than,” the Williams %R will send sticking signals. This means that it will keep sending buy/sell signals as long as the Williams %R is above or below a certain value. This feature makes the Williams %R a great indicator to combine with others. The classic way of trading with the Williams %R is to buy when the Williams %R is oversold and to sell when it is overbought.
We recommend building and testing your strategy in the Strategy Builder. You can choose to disable strategies and follow signals only. You can also configure the strategy you bought on the Marketplace, select the one you have built yourself or select the Algorithm Intelligence you trained. When a strategy is enabled your bot will scan the markets with the configured indicators.
Similarly, when the line crosses below 0 it means the shorter moving average crossed below the long moving average, which triggers a sell signal. The platform is well positioned to serve both new and more experienced traders and incorporates a number of features that all its members can look to benefit from. It is well designed, easy to use and has developed an excellent reputation over the years and as such we recommend you check them out. https://www.scammerwatch.com/tokentact-trading-bot-review/ has also developed an active community, and for new entrants to cryptocurrency trading this should prove to be immensely useful. There are active Discord and Telegram groups, in addition to a special forum for members that is available in English, French, Spanish, Dutch, and Portuguese.
DCA and Shorting cannot be used together and can be used for Manual Buy, Strategy, and Signalers. For a more in-depth overview of TokenTact’s trading bot subscriptions, please click here. Reach out to support and let us assist in which subscription you need. In the next few weeks we will be diving deeper into technical analysis, new trends in crypto and many other new changes in the crypto space. When to buy or sell an asset- that really is the billion dollar question. Most traders apply technical analysis to buy the coins that are increasing in price.
You can set the Williams %R to send a buy/sell signal when the indicator is below, 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, making it work like a trend following indicator. It’s important to note that if you select “greater than” or “less than,” the UO will send sticking signals.
Do not click “Save” yet, as there is one more step to complete. Navigate to the Base config in https://tokentact.co/ and select “Exchange” then “Binance.” Click on “Generate IP Addresses” and copy the displayed IP addresses. Whenever the hopper displays the “searching” message it means that it is checking your current TA for every coin you have allowed. Stay in control of your portfolio no matter where you are!
Buying extra on a loss making position will lower the average buying price. Markets change fast, so you need to be able to change your order price faster. Easily create buy/sell orders, then drag and drop them to the desired place in the order book when things change. One of the most exciting developments in automated trading is our A.I.