Example rules for your trading ideas

A feature of Coinrule that we are particularly proud of is its versatility that allows many different types of investors and traders to use the platform. Here you will find some examples of rules that you can set up with Coinrule.

Using our Demo Exchange option, you can test your rules without putting your capital at risk: we will provide a virtual allocation for you to run your strategies.

One of the main rules any trader should follow is to have safety thresholds in place in case the market goes against you. Often, the decision to close a trade with a small loss can be a big advantage compared to keeping bags of coins with declining value in your portfolio.

You can consider this “avoided loss” as the gain that you will reinvest in your next trade!

You can easily accumulate your favorite coins via Coinrule. All you have to define are the conditions at which you would like to buy. Coinrule will wait for those conditions to appear before executing your buy orders.

Think long term, often it is better to buy over a longer period of time instead of FOMO-buying during a strong upward price move.

Instead of accumulating a coin across multiple orders, maybe you just want to wait for a breakout to happen. When the price attempts to surpass a certain level for a long time without success, it means that selling pressure is firm (and, from another perspective, buyers are not sufficiently convinced).

The new trend that starts from a long term resistance being finally breached can be very powerful. Coinrule make it easy to catch that opportunity.

At other times it’s not so easy to identify the price level that must be breached to start a new uptrend. One way to try to set up a trend following strategy in this situation is to define a percentage price surge that you consider to be the accurate indicator of the start of a sustainable uptrend.

To enter into a trade on a significant price surge already in place is quite risky because the FOMO trap is always a great concern to take into account. On the other hand, in some situations, the trend that begins following that breakout is so strong that there is still sufficient opportunity to benefit from it.

Consider that “missed gain” as the cost of entering the trade with greater confidence into the underlying strength of the trend.

After breaking upward the “bull pennant” pattern, BNBBTC price spikes around 60% in only few weeks

Altcoins are highly correlated with Bitcoin, that means that Bitcoin’s trend determines their short term moves significantly. If you take appropriate actions considering this aspect, that can provide excellent opportunities for new trades and at the same time can offer protection from downturns that can profoundly affect your bags of coins.

For example, if you would have sold at least part of your altcoins bags when Bitcoin broke the 6000 USD support mark in November, you would have protected your capital, and you would find yourself able to reinvest it in a new position in a new phase of accumulation.

Coinrule flexibility allows you to decide the specific coins you want to sell or buy depending on how the price of Bitcoin will move, or, for example, you can just sell those that are performing better (or worse) at that moment.

Of course, you can select any available coin in the condition, that will add even more versatility to your strategy. You have full control of your rule.

These are some samples of the potentials Coinrule can offer you.
Log in to our platform and create your own rule now!

Trade safe!

E-book: Cryptocurrency Trading 101

7 Articles For Navigating The New Crypto Trading Tools. Welcome to Cryptocurrency Trading!

Today I am introducing a collection of Medium posts published by the Coinrule team in the past few months.

If you are starting to get curious about algorithmic trading and feel the need of automatise your strategy or the simple buy/sell orders, then look no further, this is the read for you.

With topics like Cryptocurrency Bots, Decentralised Exchanges, How to Backtest your strategy, or what is the Perfect Trader Toolkit, we got you covered. Have a look a the content Table:

1. Introduction

2. Cryptocurrency Bots Fighting Monopolies

3. Why Algorithms are so important for trading Cryptocurrencies

4. Trading as a Cryptocurrency Killer App

5. De-centralised Exchanges Are The Real Nasdaq.

6. First Rule of Trading: Risk-management. Our backtesting tool

for your trading strategies

7. The Trading Toolbox

8. About Us

Download The Guide Now, and Happy Trading With Coinrule!

Sign up for a free trial: www.coinrule.io
Follow us on:
Twitter: @CoinRuleHQ
Instagram: @CoinruleHQ

Why Algorithms are so important for trading Cryptocurrencies

As we know here at Coinrule, trading is a tough discipline. Algorithms are just one part of cryptocurrency trading which everyone should know about.

Once one of the most experienced traders I know told me that becoming a good trader also means becoming a better man. That sounded like quite a forced statement, and maybe it was indeed, but one thing that is 100% certain is that Trading needs attitude, commitment, discipline and a lot of study and research.

Nonetheless, every day people all around the world trade financial assets with only one simple goal: BUY LOW, SELL HIGH! And the number of people pursuing this ultimate object is growing fast, thanks to the rise of the new fascinating asset class of Cryptocurrencies. Why?

Because Cryptocurrencies represent the future of Finance and very likely they will disrupt most of the business industries as we know them. Apart from the innovative and revolutionary ideas backing the surge of Cryptocurrencies, this new asset class offers to traders very peculiar features compared to “traditional” financial assets. Modern Financial Markets can be analyzed from two opposite points of view: the Fundamental and Technical. Some traders use only the former, some only the latter, some others use a mix of these two approaches.

Cryptocurrencies are a totally new asset class, there are not enough models or frameworks that can help assign to them not even an estimate of a “real value”, it’s almost impossible to analyze them using classic Fundamental Analysis just because in most cases the economics behind them are too different from traditional companies, and even if there would be similarities in the level of public information about them, it would be often not fully reliable or too weak to formulate a complete assessment of them.

On the other hand, the very same Crypto asset can trade on many different venues and exchanges so that traders can have plenty of price-related data to analyze. Some could say that just from analyzing how a price moves in time, we can infer about the development of the balance of forces between Demand and Offer, which are the ultimate drivers of any price movement. And there comes the great useful implementation of Technical Analysis to trade crypto assets.

The importance of this aspect is often not underlined enough. Since most of the people that trade Cryptocurrencies are involving Technical Assets backed strategies, this makes the likelihood of the unfolding of a price pattern higher. Simply put, most of the time, price goes in one direction only because most of the traders think that it will go in that very direction. If the major part of the traders in one market will start to buy, the price will go up. DEMAND AND OFFER, seen in this way, trading isn’t that difficult, is it?

So what makes trading so difficult? The human nature, emotions and feelings can be the worst enemies for a trader. Every cryptocurrency trader can have a different reaction in front of the same price movement: fear, euphoria, greed and disillusion are feelings that a trader can experience even in the same day and that will have a pretty negative effect on his or her capabilities of taking rational decisions.

That’s why a trading bot has the potential of improving significantly your trading results if you are already an experienced trader, or it can provide an easy way to get into trading as a beginner.

"The market does not know if you are long or short and could not care less. You are the only one emotionally involved with your position. The market is just reacting to supply and demand and if you are cheering it one way, there is always somebody else cheering it just as hard that it will go the other way." Marty Schwartz

This is Coinrule main goal, to make cryptocurrency trading more effective while easier. The markets run 24/7, all around the globe so it’s impossible to fully exploit its potentials without a trading algorithm that takes care of your positions, even when you sleep!

Follow us on

Twitter @CoinRuleHQ

Linkedin https://www.linkedin.com/company/coinrule/

Check out our FREE e-book on cryptocurrency trading – https://coinrule.io/blog/category/ebook/

A collaborative roadmap

Coinrule is a beginner-friendly platform to send automated trading instructions to your favourite exchanges.

Cryptocurrency markets run 24/7, all around the globe, so it’s impossible to fully exploit its potentials without a trading algorithm that takes care of your positions, even when you sleep. 

The Coinrule blog is here to engage with the community around our platform and to communicate product releases straight from our product team.

Stay Tuned!

Coinrule Team