How to Launch a Rule in Coinrule
Last updated November 3, 2024
Once you have set up your trading rule in Coinrule, the final step to putting your strategy into action is launching the rule. This process is streamlined to ensure ease and efficiency, allowing your rule to start working for you as soon as you're ready. Here’s a detailed guide on how to launch a rule on Coinrule.
Finalizing Your Trading Rule
Before you launch, it’s crucial to ensure that all conditions, actions, and triggers are configured precisely as you want them. This setup is what dictates how the rule will perform in the real market, influencing your trading outcomes.
Naming Your Rule
A clear and descriptive name helps you easily identify the rule later, especially if you have multiple rules running simultaneously. Choose a name that reflects the strategy’s intent, conditions, or specific markets it targets.
Launching Your Rule
Once your rule is configured and named, you’re ready to make it active. Here’s how you can launch your rule:
Step 1: Navigate to the Bottom of the Create Rule Page
Scroll to the bottom of the page where you’ve been configuring your rule. Here, you will find the “Launch” button, which is your final step to set the rule into motion.
Step 2: Launch the Rule
Click on “Launch.” This action will activate the rule within the Coinrule platform. Once clicked, the rule becomes active and the rule engine starts scanning the market based on the defined conditions of your rule.
Step 3: Monitor Your Rule
After launching, monitor the rule’s performance according to the conditions set. Utilize the dashboard and the activity log to make informed decisions about any adjustments or optimizations that might be needed.
What Happens After Launching?
Once activated, your rule will autonomously execute trades according to its configuration whenever the market conditions match your criteria. The rule engine handles all aspects of order execution based on real-time market data, ensuring your trading strategy is implemented accurately.
Conclusion
Launching a rule in Coinrule is the final step in turning your strategic insights into automated trading actions. By carefully preparing, reviewing, and finally launching your rule, you empower your trading portfolio to operate dynamically and efficiently in the cryptocurrency market.