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Coinrule’s “DO NOT” Operator can be used for several purposes.  This article will outline the many benefits of the function and situations to increase the control you have over your rules. 

The “DO NOT” Operator is a function that can be incorporated into your rules to prevent it from buying or selling certain coins.  There are default pre-set options available when you choose the “DO NOT” Operator.  

.”  You can also specify the coins you do not want your Rule to buy or sell.

The "DO NOT" Operator will always be placed 

 a buy or sell action.  As illustrated in the image below.  

There are many reasons why you may not want your Rule to buy or sell specific coins. For example, if you do not want two rules trading the same coins to interfere with one another.  

For example, if one rule is accumulating BTC and ETH, you could choose the “DO NOT” operator on another one and select “DO NOT sell BTC and ETH.”  This will prevent the rule from checking BTC or ETH values when looking for potential trades and resultantly not affecting your current wallet balance of those coins. You can choose up to 

 coins to exclude from your Rule using this function.  The example provided above demonstrates how you could construct this rule. 

Operator will take a reading of all the coins you have in your wallet when the condition is met.  This may include coins that are being used in other rules.  It will exclude these coins from being bought.  Once the rule, or another rule, sells the coin it can then be rebought as the coin is no longer in your wallet. 

 function is only available when buying coins.  

The image below is an example of the “DO NOT 

If you want your rule to only have one open position for a coin at any given time, you can use 

“DO NOT buy same coin twice until sold.”

 This will prevent the rule from buying a coin again 

. Once the open trade has been closed through a sell, the rule will then buy the same coin again should it meet the conditions you have set up.  

For example, if your Rule bought BTC, it would not buy BTC 

, even if the conditions were met, as long as it has not sold the BTC position. Once your rule 

BTC, the rule would buy BTC again should it meet the condition.

Do NOT buy the same coin twice until sold

 has been improved such that rules will now buy the coin again even if there is a small "open" amount left due to exchange fees.

 operator will prevent the rule from buying the same coin after its been sold. Once the rule closes and open trade for a specific coin through a sell, the rule will never buy the same coin again in its lifetime irrespective of the conditions of the rule being met. 

, even if the conditions were met. Once your rule 

ETH, the rule would not buy ETH again should it meet the predefined conditions of the rule.

The 'Do not buy contracts with open position' operator ensures that a rule won't purchase contracts that already have an open position. 

This applies whether the position was initiated by the same rule, a different rule, or even if it was opened manually or externally by the user on the exchange.

The do not buy any contract with open position exception has been added to "Trading exceptions" in settings and enabled by default.

Same Contract Twice Until Position Closed

“DO NOT buy same contract twice until position closed”

 operator will prevent the rule from buying a contract again 

. Once the open trade has been closed through a sell (in case of a long position) or buy (in case of a short position), the rule will then continue to short/long the same contract again should it meet the conditions you have set up. 

'Do not buy same contract twice until position closed' operator only applies to contracts bought by the same rule while 'do not buy contracts with open position' applies to any contract with an open position regardless of whether the position was initiated by the same rule, a different rule, or even if it was opened manually or externally by you.

Another reason you may want to use the “DO NOT” Operator is when you are trading on an exchange that has certain coins banned in your region.  An example of this is Kraken, where users within the US cannot trade MATIC and several other coins. For more context, you can refer to 

 as your exchange and MATIC met the Conditions of your rule, causing your Rule to buy or sell it, the Rule would not trigger, and you would receive the error message “Exchange rejected trade.” 

The “DO NOT” Operator can be used to exclude MATIC, and other restricted coins, from being traded by your Rule - preventing this error message from occurring.  The image below features our 

 We recommend you always review what coins 

 be traded on your chosen exchange within your region.  This information can be accessed on exchanges' websites. 

There can be instances when your rule, if the Conditions are met, may trade a stablecoin for a stablecoin. An example of this may be your rule buying BUSD on Binance using your USDT wallet. Stablecoins experience very little volatility, often resulting in not being profitable to trade. 

To prevent this from happening, you can use the “DO NOT 

” function.  This will exclude all Stablecoins from the rule when it looks for potential trades.

Trend-following Scalping With Dynamic Protection Template

In your rule, there may be instances where the conditions are met and the rule may trade a stable coin for a fiat coin. An example of this may be your rule buying EUR on 

 using your USDT wallet. Fiat currencies are controlled by governments and central banks while cryptocurrencies are essentially decentralized, which may result in them not being very profitable to trade. 

” operator.  This will exclude all fiat coins from being bought by the rule when it checks for potential trades.

 to prevent all your rules from buying "same coin twice until sold", "stablecoins", "fiat currencies" and "contracts with open position". 

The Do Not operator allows for a greater level of control over the coins the rule will trade. This way, you can optimize further how every single rule works, increasing the overall returns of your wallet.

Disclaimer: Please note that this article contains affiliate links.

The Different Uses and Functions of The "DO NOT" Operator.

The DO NOT Operator

Once you have identified the initial condition, you can use the 

 operator to create a sequence. You can add another 

and actions to make a rule Buy and Sell, among other ways to customize the sequence. An example can be seen below. 

In this case, by adding the THEN operator, the rule can now run sequentially according to pre-defined steps. The rule can only perform a 

When you use the THEN operator the bot will only 

This tool is a great addition, allowing you to run 

 bringing your strategy to life automatically. By adding extra steps to your initial condition, you can set a 

Using the THEN operator you can add several conditions within one rule.

The THEN Operator

One of the most tricky aspects of a trading strategy is to make sure the signal set to trigger a certain order is 

In some cases, the signal may be temporary and you could jump too early into the trade which would lead to loss. 

Avoiding false signals of breakouts helps to improve the results of a trading system significantly. 

You can use the Wait operator to add a confirmation before sending the order to the market. 

If you have ever traded cryptocurrencies, you know that the price can be highly volatile, especially in anticipation of significant moves or trend reversal. The best trading opportunities arise in these circumstances.

However, you may be waiting for that breakout for buying or selling, but unfortunately, remain trapped in a loss if the trend reverses immediately after.

For example, suppose you want to buy an asset when two moving averages cross. In that case, you can avoid buying when the trend is not strong enough by adding a confirmation that the signal is still valid after a certain period.

There are two versions of the 'Wait' Operator: Wait For and Wait Once.

The 'wait for' will start once the previous action is executed or condition is met. The rule will now 'wait for' 5 minutes and then check the following condition. If the condition is met, the rule continues to run. If the following condition is 

met, the rule will start the 'wait for' 5 minutes again and then check the condition after the 'wait for' part of the rule. 

This will continue to run in a loop until the condition after the 'wait for' is met. 

This is particularly useful if you are looking for a confirmation of a trend. For example, the below rule will check for a coin to have a price increase of 5%, it will then wait for 1 hour and check if the price has gone up by at least another 0.1% as confirmation before proceeding.

The 'Wait Once' option of the Wait operator will wait for the designated time and then execute an Action or check the following condition exactly once. If the condition is 

met, the rule will ignore the following Action block and either continue with the next Block or return to the beginning of the rule 

In this example, the rule would buy BTC if the price is >$43,000, then wait for 1 hour and sell BTC if it has RSI greater than 75 in a timeframe of 1 hour. If BTC does 

meet this condition, the rule would continue with Step 1 and buy BTC if the price was greater than $43,000

When using the 'Wait Once' option, your trade might 

close. If your first action triggers and your rule buys a coin, the second action would only trigger if the condition is met when the Wait time-period has run its course. If the condition is not met, the position will not be sold. 

How to use the Wait operator to avoid false signals.

The WAIT Operator

By selecting the Any Time operator,  the first condition set in the rule can restart as soon as the first action is executed. The rule won't wait for the second action to complete so you will allow the rule to 

open multiple trades at the same time in parallel

A basic example of this would be the Bitcoin DCA-accumulation strategy. 

As long as the first condition is met, the rule will keep open new trades (A).

For each trade executed in the first part of the rule (A), the bot creates a new parallel (B) one connected to the first one.

When using the ANY TIME operator as shown in the rule above, it's strongly advisable to set up how often you want the rule to execute block A to avoid over-trading. You can set it using the option "no more than once..." (C).

Using the ANY TIME operator allows your rule to run several times in parallel

The ANY TIME Operator

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