The CryptoTact trading bot is packed with automatic trading features that empower traders. The application even has a marketplace where users can buy different types of automated strategies and signals from different users. First, let’s cover the very first “Hopper”, or trading bot released by the CryptoTact, and then we’ll dive into other features. In order to serve the large user base of beginners in the marketplace, this service is aimed to bring one up to speed.

In its most basic form, CryptoTact is an online platform that allows you to make full use of an automated trading bot. This means that trades will be placed on your behalf, based on the underlying conditions that the bot has been instructed to implement. With the CryptoTact platform first launched in 2017, the company now claims to have facilitated trades for more than 140,000 people. At CryptoTact, we prioritize helping users verify that their trading bot is correctly configured. The Troubleshooter, accessible in the top menu of your Dashboard, is a recommended tool to periodically check your setup, especially when you’ve just initialized your bot. For in-depth guidance on this feature, refer to our dedicated article.

CryptoTact

The bots can sell the stock if the prices decline and create a purchase order once the price increases again. The automated trading strategy follows the trails of the value of the stock and makes the trade based on these technical indicators. Paper trading, also known as simulated trading, is a feature that allows users to conduct technical analysis on their own strategies and decisions without having to risk any financials. Users can buy/sell orders based on pre-selected parameters set up in the CryptoTact bots without manually doing the transactions. The registered company behind the platform operates out of the Netherlands.

We’ll cover semi-automatic, copy, and fully automatic trading methods. The marketplace also lets you filter for the best CryptoTact strategy. CryptoTact enables you to seamlessly deploy your promising bots from backtesting to your live trading bot. Witness your strategies come to life as you bridge the gap between historical performance and real-world trading.

  • Yes, CryptoTact offers a free membership plan enabling users to use some of the platform’s features.
  • This is usually how the bots can access the funds in your account to trade so this may seem like a vulnerability.
  • Are you looking to start trading the multi-billion dollar cryptocurrency arena, but have little to no experience?
  • In this tutorial, we will explain the key distinctions between Paper Trading and trading with real money.
  • The customers can write to “[email protected]” or “[email protected]” and get queries answered.

For those who face difficulties navigating CryptoTact, the website has a live chat for any pressing issues that arise. There’s also a helpdesk that goes into detail on specific issues, such as solutions for common errors. Protect and monitor your assets, even while you’re logged out. Access your Hopper from any device, including web, phone, tablet and even your smartwatch. Give yourself an edge, and while everyone else sleeps, you’ll never miss a beat.

We’ve covered everything that we think you should know, such as how the bot works, what it can do, pricing, and more. While a number of trading bot platforms are now available in the marketplace, the likes of CryptoTact is often considered to be the most reliable. Connect your Coinbase Advanced account to CryptoTact and start automating your trades, copy experts, trade using AI or manage your portfolio for free. Connect your Bittrex account to CryptoTact and start automating your trades, copy experts, trade using AI or manage your portfolio for free. The cryptocurrency market operates 24/7, making it essential to stay informed and manage your bot efficiently. We recommend using our iOS or Android apps for mobile access.

On the contrary, by programming your CryptoTact trading bot to execute your strategy on your behalf, there is no requirement for you to spend any time monitoring the markets. In fact, your automated bot can operate 24 hours per day, allowing you to execute your strategy for the entire weekend. This is a perfect example of utilizing the benefits of a CryptoTact automated bot.

A bot is as good as you are if your settings are bad so will be your bot. You need to constantly fine-tune an update it according to the market conditions. The bot is not the most advanced in terms of configurability but the signalling service in combination with the bot is really nice. And they also share the best working strategies from others (under backtest strategies). To optimise this bot more the developers should add more features, like price averaging if you get stuck with bags. Or gradual trailing stops whereby the trailing stop % increases with a price increase.

It gives me peace of mind that I know that the hopper will take profit at the moments the prices fall again. The arbitrage bot on CryptoTact does not send funds among different exchanges (as you might expect from Arbitrage). Therefore, we don’t need permission for “withdrawal rights” through the API. Finally, in terms of pricing, we think that all three plans offer excellent value. Even at a price tag of $99 per month, in the grand scheme of things this is a reasonable price to pay if you’re serious about committing to an automated trading system.