Introducing Automated Trading For Stocks

We are thrilled to announce our new feature: Automated stock trading through Alpaca, encompassing the entire range of NASDAQ stocks. This article will provide you with a comprehensive understanding of this feature, its benefits, and how to get started.

In short, the NASDAQ is a US based stock exchange that focuses on technology stocks such as Apple, Microsoft, Meta or Netflix.

The NASDAQ was launched in 1971 and is famous for enabling the first electronic trading system.

Automated stock trading is a method where buying and selling orders of stocks are automatically placed based on pre-set rules. These rules can be based on various factors like price, volume, and other market indicators. Coinrule’s integration with Alpaca allows you to automate your stock trading strategies on the NASDAQ, providing a hands-free approach to stock trading.

1. Follow this guide to connect your Alpaca account to Coinrule

2. Create Your Automated Rule For Stocks: Visit the "Create Rule" page. Once you select Alpaca as your preferred exchange, all Nasdaq listed stocks become visible on the asset list dropdown, choose between the specific stock you are interested in or "any asset".

3. Define Your Strategy: Set your conditions for buying and selling. Whether it's based on price targets, technical indicators, or other criteria, Coinrule lets you craft complex strategies with ease.

4. Launch Your Rule: Once you’re satisfied with your rule, launch it. Coinrule will automatically execute trades on your behalf based on your set conditions.

The below rule is an example of how to create your automated stock trading rule on the rule page:

A significant point to note for all stock traders, especially those in the US, is the pattern day trader (PDT) rule. This rule stipulates that if a trader makes four or more day trades (buying and selling a stock within the same day) in a five-business-day period, they are considered a pattern day trader and must maintain a minimum equity balance of $25,000 in their account.

We understand the intricacies of this rule and the potential pitfalls for traders. That's why we've incorporated error mapping for the PDT limitation on Coinrule. This ensures that users remain compliant and are alerted if they approach the threshold, thereby circumventing potential account restrictions. If you ever encounter this error while setting your rules, Coinrule will alert you, ensuring you stay informed and avoid potential account restrictions. The below image is an example of the PDT limitation error:

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For users leveraging Coinrule for automated stock trading, please note that rules will execute in accordance with US stock market trading hours. The standard trading hours for major U.S. stock exchanges, such as the New York Stock Exchange (NYSE) and the Nasdaq, are from 9:30 a.m. to 4:00 p.m. Eastern Time (ET) on weekdays, excluding public holidays. It's essential to be aware of these timings to effectively monitor and manage your automated trading strategies on Coinrule.

Automated stock trading on Coinrule via Alpaca is a groundbreaking feature that merges the worlds of crypto and traditional stock trading. This integration empowers you to diversify your portfolio and tap into a broader market. As always, remember that trading stocks carries risks, and it's essential to do thorough research and consult with professionals if needed.

If you have any questions about this new feature or need help setting it up, don’t hesitate to reach out to our dedicated customer support team via [email protected].
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​Create your Automated Stock Trading rule on Coinrule today!

Happy trading!