How to Exit Your Trades

By this point, you now possess the knowledge and insights to create a foundational, rule-based approach that will serve as an objective basis for generating, testing, and implementing trading ideas. By considering the difference between an asset’s or portfolio’s peak and trough, maximum drawdown is a critical risk measure, providing valuable insights into potential maximum accumulated losses as well as the time it takes before recovery or recuperation. A low maximum drawdown is preferred, since this indicates that losses from the investment were small.

Building algorithmic trading bots with TokenTact’s state-of-the-art technology is seamlessly intuitive and straightforward. Even if you can’t code, you can still build trading bots with our unique Rule Builder, a one-of-a-kind graphical user interface that allows you to construct your trading bot’s logic by simply dragging and dropping indicators and strategies. Algo trading, on the other hand, is widely available to both beginners and experienced traders, with trading platforms such as TokenTact offering the ideal gateway into the many advantages of automated trading. And getting started with copy trading crypto couldn’t be easier with TokenTact’s Marketplace, which has the most advanced automated crytpo trading bots at your fingertips. This Austrian company was founded in 2019 by Christopher Helf and Moritz Ptzhammer.


We understand better than most that creating a trading bot is by no means an easy feat, we’ve been there ourselves so we’re in a great position to push you in the right direction. Each Marketplace bot must pass a rigorous screening process by TokenTact’s in-house team of experts, who collectively have decades of industry experience. It’s this uncompromising commitment to a transparent bot evaluation process that distinguishes TokenTact’s Marketplace from generic alternatives providing merely “black-box signals.” At the same time, the Marketplace needs to be easy-to-use. Simply browse the bot listings, review the corresponding performance data and bot creator profiles, and select the appropriate bot. Before starting arbitrage, it is important to check that there is enough volume for you to execute the trade effectively on the respective exchange. Cryptocurrencies can and are often de-listed from exchanges due to low trading volume.

Many of these featured the same types of unusual or dysfunctional guests who would later become popular as cast members of reality shows. Producer George Schlatter capitalized on the advent of videotape to create Real People, a surprise hit for NBC, and it ran from 1979 to 1984. The success of Real People was quickly copied by ABC with That’s Incredible, a stunt show produced by Alan Landsburg and co-hosted by Fran Tarkenton; CBS’s entry into the genre was That’s My Line, a series hosted by Bob Barker. The Canadian series Thrill of a Lifetime, a fantasies-fulfilled reality show, originally ran from 1982 to 1988.

Just as with entries, the golden rule to creating good exits is to use a single rule at first. Cryptocurrencies with a high market cap provide us with a deep and liquid market. With a low-volume cryptocurrency, you’ll find it hard to get in at your entry point and even worse, you might be stuck in a trade when you want out. Our goal here is to avoid ad hoc strategies (which aren’t really strategies) or short cuts by developing a foundational, rule-based approach that will serve as an objective basis for generating, testing, and implementing trading ideas in the future. If we were to think of a Venn diagram with quant and algo trading, there would be a significant area of overlap.

The quoted asset represents the currency that all trades are being executed against. I’ve been with for around 3 months and the Code Editor is what saves me a ton of time to write and optimize my algos.The recent feature ‘the Optimizer’ is a game changer for me. Being able to do unlimited backtests and automatically optimize parameters, AND even deploy for live trading directly from the platform is just amazing. Currently you can only trade crypto on their platform but from what I heard they are planning on adding stocks in the future as well. Mark has a background in high-frequency trading and machine learning as a quantitative analyst and trader in various hedge funds.

  • TokenTact provides a platform for bespoke bot creation, with easy access for everyone.
  • As their name suggests, signals simply initiate or “signal” buying or selling points for any given asset, signposting entry and exit positions for your trading algorithm.
  • When a cryptocurrency price goes up but the volume is decreasing, this indicates to us that traders are undecided on whether they want to buy that cryptocurrency.
  • Leverage trading is a double-edged sword that can dramatically increase both your profits and losses.

The incorporation of a simple API enables programmers to use financial data. Additionally, the editor makes it easier for programmers to backtest directly in the browser. Although time-consuming, optimization is important in coding to improve performance. Experienced traders can get the best results for their trading bot with the editor’s built-in optimizer. A zero learning curve in crypto trading bots is always welcome among beginners.

Leverage trading is a double-edged sword that can dramatically increase both your profits and losses. Here are some suggestions for managing the risks of leverage trading and leveraging it to your advantage (see what we did there). Newer traders frequently attempt to raise a losing position to recover their losses. It’s a trap that can ensnare even the best of us, since we’re working with borrowed money.

Yet this answer ignores such problematic entities as electrons, the recession and the number 5, which we cannot sense but which are very real. Both can appear vividly real, but we would like to say that these are not part of reality. More recently there has been so-called PBR theorem (which has nothing to do with hipster beer but, instead, was named after its creators Matthew Pusey, Jonathan Barrett and Terry Rudolph).

That still does not guarantee that it will continue to perform well after it has been deployed live. You should monitor its performance very closely in order to ensure that the bot continues to perform as expected. There is always room for improvement, from tweaking parameter settings to fine-tuning your original strategy. A bot is simply an automated program that operates on the Internet and performs repetitive tasks more efficiently than humans. In fact, some estimates suggest that more than half of internet traffic is made up of bots that interact with web pages and users, scan for content, and perform other tasks.

Arnout van Kempen