Algorithmic Trading Market Analysis Product Release

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!