If you are looking to try out trading strategies without putting your asset at risk, Coinrule has you covered!
With our demo exchange, you can simulate real trading conditions to test your strategies.
The Demo exchange provides a virtual starting allocation to help you test out your strategies. Your rules will run in paper trading on Binance, properly mirroring actual trades.
In the demo exchange, you have access to a virtual allocation of 10 BTC and 10000 USDT that can be used to execute trades in real market conditions. Even if you decide to trade with coins that are not available in this allocation, you are free to adjust your allocations by placing direct orders for new coins. You can also read more about allocations here.
Paper Trading on Binance with real-time Prices
When you create a rule on the rule page, select Demo Exchange to check the allocation of your Demo Wallet.
The demo exchange provides what is obtainable when using paper trading on Binance.
This means that you can trade with the provided allocation, in the same conditions as live trades, giving a proper overview of your likely results when you use live trades.
The Demo exchange is connected to Binance, which means that you can test your strategies with all the available coins on the exchange.
However, it is important to be certain of the pairs available to trade with as the pairs available are those on Binance.
You can check this page to confirm that you can trade your preferred pair.
The Advantages of Using Demo Rules
With the demo exchange, you can create countless rules and strategies. Trading with paper balances allows you to test out your strategies and tweak existing ones to increase returns.
Usually, the major difference between the demo and live trades is the emotions associated. With Demo rules, you have the luxury of making right or wrong trading decisions and learning from them without hurting your asset.
What is the Difference Between Demo and Live Rule
For the Demo, the execution price is simulated to be equal to the price that triggered the condition.
For now, we don’t account for the impact which the bid/ask spread of the coins may have on the results of your strategies, and the difference in results between the live and demo trades is rooted in this.
When you execute a trade on the market, the execution price will be the ask price if you are buying, and the bid price when you sell. You can see how this is important to your rules here.
Also, if you are trading more liquid coins, the bid/ask spread will likely be tighter, so that the effect on your performances will be limited.
On the other hand, low-volume coins can have less liquidity, and execution prices could be less accurate. Including an additional condition for volume or market cap could help reduce the differences between paper trading and real trading.
Trading with the Demo Exchange is the perfect way to start automated trading.
Start trading with some level of confidence in your results today!