Via the general settings, users can manage the basic settings of Tokenizer360. Such as trade notifications, buy and sell settings and strategies, exchange platform integrations, and more. There are no best Tokenizer360 settings, as everything really boils down to individual preference and how one likes to approach their trades. This would include setting up exchange accounts as well as digital wallets.
This ensures that your automated bot has sufficient levels of liquidity to achieve its pre-programmed objectives – 24 hours per day. Connect your Poloniex account to your trading bot and start automating your trades, copy experts, trade using AI or manage your portfolio for free. Connect your OKX account to your trading bot and start automating your trades, copy experts, trade using AI or manage your portfolio for free. Connect your KuCoin account to your trading bot and start automating your trades, copy experts, trade using AI or manage your portfolio for free.
Additionally, capabilities may differ based on the geography of the exchange. There may be localized restrictions that could impact your ability to open multiple positions, especially when it comes to market arbitrage. Restrictions and limitations will depend on the exchange to which you are connecting.
Connect your Crypto.com account to your trading bot and start automating your trades, copy experts, trade using AI or manage your portfolio for free. Connect your trading bot to Coinbase Advanced seamlessly with Tokenizer360. Use Fast Connect (OAuth) to trade automatically and manage your crypto portfolio.
- Nevertheless, the Tokenizer360 bot is currently compatible with eight leading cryptocurrency exchanges.
- Tokenizer360 prioritizes user security and employs stringent measures to safeguard user funds and personal information.
- The platform enables users to mirror the trades of more well-rounded and experienced investors.
- Buying extra on a loss making position will lower the average buying price.
The bot will merrily go along 24 hours a day, following your instructions, until you decide to turn it off. This gives you back your time, and still allows you to profit from your strategy all week long. That means you need to give it a good strategy if you expect it to be profitable. However, there are many ways to program this tool, and ways to test your strategies before putting them out into the wild. And these can mean the difference between profits or losses.
Navigating the Tokenizer360 platform is a seamless experience, thanks to its user-friendly interface and design. This strategy allows you to periodically invest in a position over time to limit risks. Essentially, you are increasing your stake but doing this at varying price points. So if the market falls, and you buy low, then there is an uptrend your profitability will be higher.
I might miss out on good returns that way but the trailing stop which is basically a stop that trails the price allows me to catch some great signals or pumps. If the price drops by 1.3% a sell signal is sent to the trading platform. So in the event, a price moves to 25% or more the trailing stop will follow and only sell if the 1.3% drop happens. When you expect that the price of a position will go down and sell a position based on the settings, “always short instead of sell” or “open short based on strategy”, you initiate the short. These funds will be reserved to buy back the same amount of the coin for less.
Then, once you become more familiar with the markets, you can build your own process, which could replace the one you are copying. One of the last major features is the “Pro Tools” typically only reserved for high net-worth and professional investors. These include market making, arbitrage, and dollar cost averaging (DCA). The Tokenizer360 bot also allows you to set limit orders before putting it to work. Firstly, the stop loss limit allows you to predetermine the amount you are willing to lose on any given position. The same can be said for securing gains, and you can also set these limits using a “Take Profit” order.
Did you know that the basic functionality of Tokenizer360 is free? Connect all your exchanges by creating Hoppers and linking them to your exchange accounts. Copy trading involves mimicking the trades of experts on our platform.
It’s a kind of Unique Value Proposition (UVP) of the platform. Tokenizer360 is a crypto trading platform that allows manual trading along with automated trading with the help of trading bots. Like Tokenizer360, it supports integrations with 18 popular crypto exchanges such as Binance, FTX, Bittrex, Bitstamp, Kraken, Coinbase and more. Tokenizer360 provides several advanced trading tools for professional crypto traders. However, it also helps out the newbies with different types of tutorials and user-friendly options.
Hiring writers has given her a new insight into the writing process, and she understands both sides of the agreement when it comes to creating a project. She likes to travel and explore the world and gain an understanding of the world economy. In the future, Suchetana plans to create simplified content for everyone so that the barriers of complicated financial jargon can be broken. Your Hopper will automatically buy the position back once the price goes up again, protecting you from further losses. 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 Tokenizer360 does not send funds among different exchanges (as you might expect from Arbitrage).