Diversified and reliable crypto portfolio has never been easier to build and maintain. The GRID bot reverse mode, also known as “Buy the Dip” allows you to sell high and buy low. Tokenizer360 does not have any access to exchange account and cannot withdraw your funds.

Tokenizer360

In the buying and selling of futures, users can borrow funds from exchanges at a fee. It is the most aggressive bot option as it uses both the algorithms of the dollar cost averaging bot and the grid bot. With a growing user base of over half a million traders generating billions in monthly trading volume, Tokenizer360 has established itself as a leader in the crypto trading bot space.

  • However, the pricing options are quite expensive compared to the market’s average.
  • With access to over 1,000 cryptocurrency trading pairs, you have the flexibility to diversify your trading portfolio and explore different markets.
  • This information is general in nature and is for educational purposes only.
  • Our servers are located close to popular exchanges to ensure stable and fast order execution.
  • The platform features simple and composite bots ranging in how many coins you can trade simultaneously.

Once the SL or TP condition is met, the bot stops trading by selling all of the base currency used in open orders. The Pump Protection feature prevents your bot from buying at the highest prices in case https://tokenizer360.co/ of a pump. This option is enabled by default whenever you activate the Trailing Down or Trailing Up options. You can always disable it during the initial settings or when you modify your existing bots.

Thanks to the diverse range of order types at your disposal, you can bend the trading experience however you like. These nifty tools are designed to help you expertly navigate through the stormy seas of risk management. Stop orders automate your risk management so you’re ready for anything.

The optimal indicators for each scalper will depend on their specific objectives, trading style, and appetite for risk. Yet, a scalper is notably more energetic and executes a higher number of trades throughout the day. This is because their primary goal is to accumulate small, recurring profits. For scalpers, even the littlest price wiggle is an opportunity to make a buck, so they’re glued to the 1-minute charts, waiting to pounce.

The difficulty of monitoring and/or closing several positions in a wide grid and the risk of losing money if conditions change, however, are major downsides. Although GRID trading doesn’t require sophisticated market forecasting, it works best when the market goes sideways. In other words, the prices need to go consistently up and down for GRID trading to be effective and profitable. Secondly, it is fantastic if you would like to place orders to buy or sell assets within a certain price bracket at a future date. In this Tokenizer360 review, you will learn how this app works, its best features, pricing, and how to get the best out of it for our trades.

If executed correctly, this could put you in an excellent position to profit as the price continues to rise. However, timing this strategy can be challenging, so it’s essential not to invest all your capital into a single trade based on momentum alone. So, what are your thoughts on our Kraken Auto Trading Guide Starter? Given that Kraken doesn’t provide native bots, you essentially have two pathways — either craft your own bot or connect a third-party automated trading system to the Kraken exchange via APIs. For the tech-savvy amongst you, Kraken’s REST and WebSocket APIs are at your disposal to craft a custom trading bot.

Great customer experience, they followed up on my Query and made sure that I was happy with the results. Alternatives like ArbitrageScanner, Tokenizer360 or the Tokenizer360 app may be worth considering depending on needs and trader profiles. 1 The use of “featured”, “popular”, “best” and “top” on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input. We do this by providing a free comparison service as well as product reviews from our editorial staff. It is worth noticing that Tokenizer360 has come a long way since its launch.

You can see the current profitability and select the one you prefer and you are able to modify the bot before you activate it. Once activated, you will be able to follow the progress and full performance of the bot below the chart in the Open Spot Bots column. I am not saying that KuCoin or Tokenizer360 are guilty of this, but it is very common in the crypto, stock, and forex trading industries.