Trading on crypto and stock exchanges requires vigilance. Prices constantly change and opportunities are available at all hours. For many traders, this means they spend long hours trying to monitor the market and catch the right moment for a move. Trading automation has made it possible for traders to keep track of their investments without being glued to screens all day.
In this article, you’ll learn how Coinrule’s automated trade tools eliminate the need for constant monitoring of the markets, allowing the traders to focus solely on their strategies and not be tied to the fluctuation of the market.
What is Trading Automation?
Trading automation involves the use of software or algorithms that execute trades based on predefined rules and strategies. Coinrule is an automated trading system that allows you, instead of manually placing orders to buy or sell, to create a series of conditions – such as price level or technical indicators – that trigger a trade once they are met. It means that you don’t need to constantly monitor the market. Instead, the platform takes care of it for you by executing trades whenever your conditions have been met.
Coinrule’s automation works
Coinrule’s Trading Automation Platform is designed to help novice and advanced traders automate their strategies, without the requirement of technical or coding expertise. Its intuitive user interface allows users the ability to create rule-based strategies for both crypto and stock markets.
Coinrule eliminates the need to constantly monitor your account.
1. Predefined Trading rules
Coinrule’s automated system is built around customizable trading rules. Users can set up rules with an “if”-then format. In other words, you can choose in advance what conditions should trigger a transaction. You can set rules to buy crypto when its value drops below a given level or to make a sale once the asset reaches a target profit.
Once the rules are defined, the system continually monitors the market to execute trades once the conditions have been met. You can step away knowing that the system is executing your strategies according to plan.
2. 24/7 Monitoring
For most traders, being online 24/7 is not an option. Coinrule’s automation eliminates this problem, allowing you to continue your strategy even while sleeping or taking care of other tasks. The platform is constantly monitoring the markets and executing trades according to the rules set by you, even if it’s in the middle night or day.
The 24/7 monitoring ensures that you are never left out of opportunities or caught by unexpected market changes.
3. Elimination of emotional trading
Coinrule can also eliminate the emotional side of trading. When traders are actively following the market, they may be tempted into making decisions based on emotions like fear or excitement. These emotional trades can result in irrational decisions, such as panic selling when the market is at a low or chasing a sudden surge.
Coinrule uses an automated system that executes trades according to rules and predefined data. Emotions are not involved. This allows you to remain disciplined, stick with your strategy, and not let market fluctuations affect your judgment. In this way, you can take a step back, knowing that your trading will be done logically.
4. Simple Strategies Templates
Coinrule’s pre-built template strategies are ideal for beginners or those who want to take a simpler route. These templates use common trading techniques, like trend following or risk management. Users can choose the template that best aligns with their objectives and customize it for their needs.
By using these templates you can quickly and easily set up automated strategies. There is no need to constantly monitor or develop new strategies. The platform takes care of the execution, which allows you to concentrate on the overall picture and not micromanage each trade.
5. Risk Management Tools
In volatile markets, managing risk is essential. Coinrule comes with built-in management tools to help you manage risk, such as stopping loss and taking profit orders. These tools are designed to ensure that you minimize your losses when the market moves away from your position and maximize profits when you reach targets.
This platform allows you to reduce your risk without needing to be constantly on the market. The platform will execute the protective measures set by you, giving you peace of mind that your portfolio is being managed responsibly.
Why Less Monitoring Leads Better Trading
The constant monitoring of the market is both time-consuming and stressful, particularly in volatile environments such as cryptocurrency. Coinrule can automate your trading, which will reduce the stress of constant market monitoring.
Automation helps traders be more disciplined. They can adhere to their strategies and avoid the emotional distractions that come with manual trading. Traders who stop over-monitoring often make more rational and better decisions.
Conclusion
Coinrule’s automated platform is ideal for traders who are looking to save time while maintaining discipline in their trading strategies. Coinrule allows traders to trade more effectively and confidently with customizable rules and 24/7 monitoring. It also offers advanced risk management and advanced risk control tools.
Coinrule has the tools that you need to get consistent results without spending too much time watching the markets.
