How to increase profit from trading using Coinmatics platform?

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Coinmatics

5 min readFeb 3, 2020

In 2018, the Coinmatics project was launched.

It aimed to provide cryptocurrency traders with all the instruments they might need for profitable trading. There are such analytical and notification services available on the platform as a chart of social sentiments, twitter analytics, Fibonacci index, notifications for arbitrage trading, and currency pairs tracking.

The Coinmatics’ core feature is Copy Trading.

There are three parties involved in it.

Public trader. A user who has added a portfolio to the system and granted access to copying the deals.
Subscriber (also Investor). A user who has subscribed for copying a trading strategy from the ranking.
COINMATICS. The company provides the technological platform and ensures the transparency of the ranking as a framework for the financial success of all the parties.

How does it work?

Traders register on Coinmatics, then add their API keys to the Signal Providers section. Once it is done, they just go on trading, while the system starts reading the signals out and forming their personal rankings.

These rankings are fully transparent, meaning that everybody can see transaction histories, asset allocations, and make sure that the assessment is objective.

How to choose a trader to copy on the Coinmatics platform?

Analyze a public trader’s total profit and the profit for the previous month. Study the charts and the behavior of the trader’s main currency deposit line in a time when the volatility peaks (see the Distribution of assets section).
Evaluate an account’s maximum losses and gains expressed in percentages.
Choosing a trader, you can rely either on a strategy stated in the description or on real performance indicators.

Coinmatics implemented two types of subscriptions, namely manual and automatic.

The manual mode implies that a subscriber receives Telegram alerts containing reports on operations of a copying trader and can copy those operations, changing them as he/she sees fit. It is possible to switch to the automatic mode titled Auto-trading if a copying trader meets the expectations.

The benefits of using Coinmatics in cryptocurrency trading:

All the information regarding transactions of a public trader is freely available. It includes a short description of a strategy in use, a portfolio, and a transaction history. Based on the verifiable statistics, the ranking of traders’ efficiency is in the process of constant formation.
The fact that the COINMATICS company makes a profit by charging fees for profitable deals, — which means that the company benefits from efficient traders only — guarantees the fairness of the ranking.
A public trader can have an unlimited number of followers and set the amount of the fee. Total income gained from subscriptions by a trader can exceed income from the trading manifold.
Unlike in the case of fiduciary management, the assets remain on an investor’s account, which eliminates risks of illicit usage, leaving only the fair risks of trading. Inside the system, the traders risk investors’ assets as much as they do their own.

An additional feature of the ranking that can be seen as a full-fledged function is an opportunity to use it as an audit tool. Having connected to our system, a trader starts receiving independent and objective statistics of their trading results, which can be shown to potential investors.

Crypto Arbitrage

The service provides the information for arbitrage trading from seven exchanges and enables traders to find deals with the highest spreads. Both a manual search and the arbitrage signals on Telegram are available.

Ticker Alerts

The service of instant alerts for tracking cryptocurrency pairs’ volatility. Once the parameters are set, you receive timely alerts about profitable trading deals via the Telegram channel. The majority of cryptocurrency pairs on Bittrex, Poloniex, Bitstamp, Bitfinex, Binance are available.

Portfolio

In the section, you can track the history of your operations, and also enable a daily report on your portfolio.

Tickers

In the section, you can monitor prices on different exchanges. A timeline ranged from an hour to a week is available for analysis of statistics on the volatility.

Price Stats

Here, you can explore and analyze the statistic on cryptocurrency pairs for a particular period. Choose a currency to compare, a period (from 1 to 180 days), and find out how the price was changing.

Analytics

There is a set of instruments for technical analysis in the section.

Twitter analytics. Here, you can track a trend’s direction, sentiments of traders who use Twitter.
Fibonacci retracement. With the help of the instrument, you will be able to find and identify retracement levels, choose the best entry points.
Margin Positions Daily Amount and Margin Positions Quantity. The charts are the basis of the technical analysis of margin trading. With their help, it is easier for a trader to determine the best entry point into a margin position and the best point to exit. The charts are also required for managing limit orders.
BTC Social Volume. Here, you can gauge the level of social media activity (Reddit, Twitter, Facebook, etc.) connected with BTC. The data is inclusive of the current Bitcoin price.
Fear and Greed Index Values. The index is provided against the price of Bitcoin and allows for an assessment of cryptocurrency traders’ sentiments on a scalable chart.