Several users commended the bot as an intuitive and resourceful platform. For an even better insight into how your bot performs, you might want to test it against specific market conditions, which often give birth to popular candlestick chart patterns. Once the bot operates as you imagined it to, you are ready to put it into practice using real money. With a mobile-responsive design, Tokenizer360 ensures that users can manage their trades and monitor their portfolios from anywhere, at any time. These crypto coins have their own blockchains which use proof of work mining or proof of stake in some form. They are listed with the largest coin by market capitalization first and then in descending order.

Tokenizer360

However, the reliance on such external factors makes predicting Ethereum’s (ETH) price trajectory complex, balancing cautious optimism with realistic assessments of market-driven volatility. Create your rules with TradingView signals today with Tokenizer360. Additionally, you can select the type of margin mode you prefer. Selecting “cross” allows you to share your margin across all positions. This aids in avoiding liquidation; however, in the event you are liquidated, you risk losing all your funds.

Tokenizer360 is the finest for day and swings cryptocurrency traders experimenting with automated trading for the very first time. The bot will use prices of the BTCUSDC trading pair on the exchange to verify if a condition is met or not. Using this method allows the trading bot to align the prices in the condition with the price that will be traded when the order reaches the market. To be able to connect Tokenizer360 with your Binance account, you will need to create an API Key that will allow you to create an automated trading bot on Binance. Perhaps most importantly, Tokenizer360 does not handle your crypto assets. Instead, it integrates with a select number of crypto exchanges.

Importantly, the API access does not give Tokenizer360 the right to withdraw, transfer or access the user’s private keys. Another interesting option is to run the rules across multiple coins at the same time. For example, the trader can include in one rule for all the coins traded on the market or only those that he holds in his wallet.

You can then call the API secret as well as click “Create New Key”, before confirming your 2FA code and finishing the key creation process by complying with all the directions in the confirmation e-mail. To sign up for an account, you simply need to enter an e-mail address as well as create a password prior to consenting to the Terms of Use. To create an account, just click the “Sign Up” tab on the top right of the home page.

Basically, you want to buy on reversing weakness in the longer term but only when you get sufficient signs of strength on the lower term. To achieve this, you can look at the moving averages on the shorter timeframe and to the RSI on the longer timeframe. The purpose of this strategy is to be contrarian on a longer timeframe and simultaneously be trend-following on a shorter timeframe. This combined, multi-timeframe strategy gives you a great signal to buy just when a longer trend is beginning to reverse. In the above rule, the first condition will be checked, if the condition is NOT met, the rule will continue by checking the condition after the OR. If the condition is NOT met, the rule will continue by checking the first condition.

  • Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms.
  • Automated stock trading is a method where buying and selling orders of stocks are automatically placed based on pre-set rules.
  • You only require to choose the coin to purchase or sell and the base wallet to use for the deal, the bot picks the trading pair instantly and also sends the direction as a market order.
  • Tokenizer360 is the most user-friendly way to create your automated trading strategy.

From there, you can make an informed decision before paying for the solution. The team can boost their safety and security by including 2FA verification as well as alerting customers of account task via email/SMS. When it comes to payments, Tokenizer360 procedures your purchases by using Stripe, and also transactions are noted as a Merchant-Initiated Transaction (MIT) by Stripe. That’s likewise relevant to people as well as locals of those regions, or any other specific, entity, or team provided on the United Nations Security Council Consolidated List. The Hobbyist plan sets you back $29.99 each month as well as enables you to trade as much as $50,000 each month. All the strategies are billed from your credit card, and also the settlement is processed with Stripe.

For the rule to trigger, the price would now need to increase by 10% from the new Trailing Order Price of $1,150 and reach a price of $1,265 before the order triggers. Assuming the price now drops 10% from $1,400, reaching $1,260, the rule will sell. Certain rule structures with Trailing functionality are possible but should not be used unless you have a very specific strategy in mind. This move will have increased your Trailing Stop limit to $46,200 – maintaining a distance of $250 from your new position. Your stop distance will continue to move up every time BTC moves up. Finally, you have to copy/paste both the API Key and the Secret Key in the “Exchanges” section of your Tokenizer360 account.

The job itself requires advanced knowledge in mathematics, statistical models and algorithms. This is highlighted in the plethora of online reviews from third-party sites like Trustpilot. For instance, the Trustpilot review shows that 78% of users gave Tokenizer360 a 5-star rating, with only 11% having negative feedback. A huge portion of the reviews commended the support team for their prompt response. Moreover, the platform encrypts all API keys using 256-bit Advanced Encryption Standard (AES) encryption coupled with Transport Layer Security (TLS) 2.0.

However, if BTC continues to go up, the Trailing Stop will follow. Let’s assume the price of BTC reaches $45,000, the sell price would be $44,750. You set your trailing stop at $250 below the current market level, so at $45,200. It follows your position when the market is moving in your favor and will take profits if the market moves against you and trigger your Trailing Order. In the case of Moving Averages and the RSI, the timeframe is used to define how to aggregate data for calculation. For example a MA(9) in a timeframe of one day stands for the average of 9 daily prices.

As you might have already heard, significant coins like Bitcoin (BTC) are currently experiencing declines due to mining challenges. Recent forecasts indicate a substantial decrease in Bitcoin (BTC) mining difficulty, the largest since the collapse of FTX in late 2022. This drop in difficulty, combined with a declining network hash rate, has substantially reduced miners’ revenues, pushing them to sell their Bitcoin (BTC) holdings to stay solvent.