Seddon Associates

Unless you have a subscription plan, the paper trading feature is off by default. However, new users get a top-tier PRO plan for 3 days at no charge, which means you can test it out. Your decided safety trades count gives the trading bot information about the number of safety trades it may execute before halting. The maximum active safety trades count tells the number of active safety trades the trading bot is permitted to do at any moment.

Using the example of Binance, visit Binance, and sign in to your account. Hover over the user account icon on the top right as shown below and select the [API Management] link from the drop-down list. At this point, you have successfully created a CryptoTact account and been awarded a 3-day Pro trial offer. Use Split Targets to sell coins in intervals as the price rises – use Trailing Take Profit to follow the price and automatically sell in the event of a reversal.

  • At this point, you have successfully created a CryptoTact account and been awarded a 3-day Pro trial offer.
  • A CryptoTact trading bot offers users strategic support in placing successful trades.
  • Continuous Learning and Growth Trading is an ongoing journey of learning and adaptation.
  • Trader’s diary is another cool feature of this tool where you get a consolidated report of the trades that you have made on all the linked exchanges through CryptoTact.
  • The CryptoTact software that provides an advanced interface for multiple major cryptocurrency exchanges.

And how all of that adds up as a holistic trading experience is what we will explore in this CryptoTact review. CryptoTact offers a feature rich trading terminal + offers various trading strategies that works in different market conditions. It also offers a working mobile app which one can use to open a smart trade or even start an automated bot trading strategy. Throughout this article, we’ve presented various reasons why paper trading is a worthwhile endeavor. From mastering technical analysis to exploring new trading strategies, paper trading serves as a versatile tool for traders of all levels.

Although the Risk Reduction feature is located in the Stop Loss section, it will work even if a trade is closed manually or through a signal rather than via the Stop Loss. So you need to turn on the Stop Loss feature, set it far away, like 99%, and Risk Reduction will be applied after CryptoTact the trade is closed manually or with the signal. As we can see, Strategy 2 generates a significantly higher profit of $986.55 compared to $365 for Strategy 1, due to the effect of compounding. Therefore, reinvesting the profits into the next day’s trade is a more profitable strategy.


It’s easy to execute trades, check your total portfolio value, gains, rebalances and anything else you need to do right from the dashboard. Keep in mind, the onboarding process can seem overwhelming for beginners due to the variety of parameters that need to be set up. If you haven’t done much trading before this, you might feel unsure when it asks you which type of bot to add. If the subscription is paid in cryptocurrency, this payment will not be automatically renewed.

On top of that, CryptoTact offers a copy portfolios feature that allows you to see what coins are inside other traders’ portfolios. If you want to copy another trader’s portfolio, you can do so in just a one-click transaction. Just as you can now automatically reinvest profits, you can also set DCA bots to automatically protect your funds from further losses when the market’s going against you. In December 2022, CryptoTact users reported unauthorized transactions on their exchange accounts, resulting in unauthorized trading and there were claims of stolen funds.

Аctivates if set price value is reached.When activated it begins to monitor price decreasing for Smart Trade and price increasing for Smart Cover. The trailing level always differs from the price to constant set value. If price outbreaks the level, Smart Trading buying, and Smart Cover selling started. Protect your position in the face of unforeseen market volatility by executing a strategy of selling coins at current value when the market starts dropping and then repurchasing them at a lower price.

Together with traders, we will shape and determine the future of the CryptoTact service. Any references to trading, exchange, transfer, or wallet services, etc. are references to services provided by third-party service providers. For every market condition, there’s a trading strategy that can take advantage of it. CryptoTact trade bots happen to be really good at reducing average acquisition costs, directly increasing your positive margins from each trade. I have been experimenting with the CryptoTact grid bot, and my experience has been profitable.

An important feature of CryptoTact that should 1,000% be utilized and taken advantage of is the ability to do what is known as paper trading, also known as demo account trading. Every brand is different, some brands release a regular CryptoTact coupon code, some don’t release any and some release them at special times of the year. The team at USA TODAY Coupons spend hours every day looking for an offer code and if have offers available, they will try and list them here. Users can choose the live chat function and email support or connect with them over other social media channels like Instagram, Facebook, Telegram, and Twitter. The platform also has comprehensive FAQ and Blog pages that are enough to solve the primary issues the users face. For example, a user has $5000 for trading and invests $1000 monthly.

Take time to compare the pricing of each plan to the activity in your portfolio. Advanced traders can afford to (and should) spend a little extra money to get the services they need. Start small, only invest money you can afford to lose and increase spending as your portfolio expands. CryptoTact is constantly changing and improving, keeping up with the development of the crypto industry. But no matter what, users will always remain our main priority and the number one driver for improving the software.

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