That Hopper has found a market arbitrage opportunity that includes the coins Ethereum and Litecoin. Picking up a new tool can often be daunting as it usually involves a learning curve. The first monkey to pick up a stick probably couldn’t play golf on his first day. The same principle also applies to cryptocurrency trading. When using Binance, we recommend using the “convert dust to BNB” setting instead of the Walletscrubber.
Market Arbitrage works best on exchanges with lower trading volumes. Therefore, when the fast moving average crosses the slow one upwards, the price is more likely to be bullish and it generates buys. When the opposite happens, the fast moving https://tokentact.net/ average crosses the slow one downwards, the bears are more present, which gives a sell signal. In this way, when the fast moving average crosses the slow one upwards, the price can be starting a bullish trend and it generates a buy signal.
Click here to check the minimum trade amounts on Kraken. If you haven’t already, go to Kraken’s website and create an account. Users can see how much they would have earned in the past and adjust their bots to gain a greater https://privatobank.com/tokentact-bot-review/ understanding of just how everything works while still learning the ropes. As a result, new users are able to converse with and learn from more experienced users from around the world, and continue to learn around the clock.
Let’s recall that you own USD and EOS on both exchanges. As we know, the goal is to keep the same amount of EOS while increasing your total USD amount. The arbitrage bot on TokenTact does not send funds among different exchanges (as you might expect from Arbitrage).
By the end of this guide, your Hopper will show and use your real funds. This page shows you per exchange how to connect it to your Hopper. Copy the API Keys shown on Binance and paste them into TokenTact. Then, save the changes on both Binance and TokenTact. Allow a moment for the bot to link everything together, and your balance should become visible. Next, go back to Binance and paste the IP addresses into the “Restrict access to trusted Ips Only” field, as shown in the screenshot above.
- For example, the Parabolic SAR can be used to find the overall trend on the larger timeframe, and an oscillator on a smaller timeframe can find the pullbacks of the overall trend.
- The Elder Ray is an oscillator that combines components of trend and momentum indicators to measure the strength of the bullish and bearish trends.
- Welcome to TokenTact’s Copy Bot, your gateway to automated trading made easy.
Oversold zones are the opposite; they are areas where the price suddenly decreased. It is an oscillator that measures the momentum of the price. When the RSI is increasing, the bulls are taking over the market. Just like the MACD, the PPO sends a buy signal when the blue line (here it is called the Fast Moving Average) crosses above the yellow line (here it is called the Slow Moving Average). For percentage change, it’s important to be careful when you make the value positive or negative.
This tutorial shows you how to set up a Copy bot and explains the settings you need to fill in. For this approach, we kick things off by using MESA on the 4-hour chart to gauge the overall market trend. Your risk management will cover your loss-making trades. Because your profits from each trade are generally small, a win rate above 50% becomes all the more crucial to your bottom line. Both of these timeframes are readily available on platforms like TokenTact. If your position is in decline, you can apply a stop-loss to ensure that past a certain point, you will sell or short the position.
You can easily combine the Momentum with other indicators in the section Strategy. HMA is only available for users with a Hero subscription. ADX is only available for users with a Hero subscription. The Average Directional Movement (ADX) is a useful indicator invented by J.
For example, you can combine a Simple Moving Average with an Exponential Moving Average to make a unique strategy. Sell a position automatically and let the price go down. Your Hopper will automatically buy the position back once the price goes up again, protecting you from further losses.
