Cornix is a mobile app and Telegram crypto bot that can trade cryptos for you any place, any time. The main purpose of Cornix is to simplify trading for traders around the world who may have accounts with multiple crypto exchanges that they want to be able to access from one place. In this Cornix Review, I will take a look at the software features and how it works, with a view to helping you decide if it is something that you would like to consider implementing within your daily trading routine.
What is Cornix?
Originally launched in 2019, Cornix is an automated trading robot that is primarily used by traders as a trading tool to follow crypto trading signals that are published in Telegram signal groups or from TradingView alerts. The Cornix bot enables users to manage their crypto portfolio via mobile without needing to log into an exchange every time. This aims to make it more convenient for traders to place, copy and manage trades.
You can take advantage of an advanced suite of trading features including multiple entries, concurrent stop and take-profit orders, split your take profit and entry targets, setting automatic entry and take-profit strategies, default trade size, default stop-loss and trailing stops to try and get the most out of each market movement. There is a proprietary Optimized Configurations feature, you can use your signal channel configurations, and even customize your trading parameters yourself.
How does Cornix work?
You just simply need to connect Cornix to one or more of your favourite Telegram signal channels or TradingView scripts and the Cornix bot will create trades in your exchange account without you lifting a finger.
TradingView Scripts
TradingView is a powerful technical analysis tool for both novice and experienced investors and traders. It is reliable, comprehensive, and has most of what you need day-to-day when trading.
Scripts are trading indicators and strategies built by the TradingView community using the Pine programming language. The elegant and minimalistic nature of Pine has made it incredibly popular. As a result, they have one of the world’s largest curated repository of indicators and strategies, with a vastly impressive 100,000-strong Community Scripts. It allows traders and investors to create their own indicators or strategies, sometimes with just a few simple lines of code.
You can harness the power of TradingView alerts and Pine scripts in Cornix to trade based on custom indicators and strategies while tracking your performance.
Telegram Robots
Telegram is an online messaging app that works just like popular messaging apps WhatsApp and Facebook Messenger. This means that you can use it to send messages to your friends when connected to Wi-Fi or your mobile data.
As Cornix is a cryptocurrency robot based in Telegram, it operates via Telegram commands and remains accessible through the popular instant messaging app. This makes it different from the majority of more traditional crypto bots that are usually available through their web platforms or their desktop terminals. You only need the Telegram app to use Cornix where you can connect to exchanges and plan your customised automated trades.
The Cornix system can analyse an impressive number of signals and configurations based on your Telegram channel of choice and will suggest the best trading configurations for each of them. Whilst this can help to save time, you should make sure that you check all of the configuration and amend accordingly.
Cornix Features
Now we have an idea of what Cornix is and how it works, lets take a look at some of the key features:
Trades
- View and manage open and closed trades across different exchanges and sources in one place
- Track the historic timeline of each trade
- See detailed information like risk/reward ratios
Portfolio
- View how your portfolio performed over time
- See the distribution of your funds across exchanges, accounts and coins
- Check out market data about coins, exchanges and accounts
Markets
- Get lists of coins in each exchange that Cornix support, including trading volume and prices
- Set up a watchlist to keep track of your favourite coins
- Receive detailed information on the different exchanges
Alerts
You can make sure that you stay up to date with Cornix alerts that will send notification via your mobile phone so that you can keep track of your trading activity and take action if and when required.
Order Management
Users can set concurrent take-profits and stop-loss orders. Utilize multiple entries, take-profits and stop orders while applying complex trailing configurations to their trades in one single trade action.
Connect Exchanges
Users you connect their preferred crypto exchanges to view and manage their crypto portfolios. Cornix lets you create trades in all of your exchange accounts with any cryptocurrency from one intuitive platform.
The current crypto exchanges that Cornix support include Huobi and Binance. The company are continuously looking to work with more exchanges so make sure that you check back on the Cornix website to see if they have your favourite exchange listed. If not, there is no harm in reaching out to them and see if they will consider adding it. The support team are friendly and welcome to any user feedback that could help them to improve the Cornix platform.
How safe is Cornix?
Cornix state that they implement some advanced network security architectures. In addition, user funds should always remain directly in the exchange and withdrawal permissions are not needed when connection exchanges to Cornix.
How much does Cornix cost?
They offer a 14-day free trail without requiring any credit card information. This may be enough to help you get a feel for the platform to see if it meets your expectations. Following on from that, you can choose between various plans and prices, starting from $19.90 per month. It is worth noting that you can get a discount if you subscribe to any of the annual plans.
The available Cornix robot plans are as follows:
Beginner
- $19.90/month
- Manual Trading
- Telegram Bot Integration
- Trading Notifications
- Trailing Functionality
- Concurrent Stop/Take Profit Orders
- Customer Support
- Primary API Slots
Intermediate
- $26.90/month
- Manual Trading
- Telegram Bot Integration
- Trading Notifications
- Trailing Functionality
- Concurrent Stop/Take Profit Orders
- Customer Support
- Primary API Slots
- Automatic Signals Following
- Mobile App
PRO
- $38.40/month
- Manual Trading
- Telegram Bot Integration
- Trading Notifications
- Trailing Functionality
- Concurrent Stop/Take Profit Orders
- Customer Support
- Primary API Slots
- Automatic Signals Following
- Mobile App
- Web Interface
- Trading View Integration
- Optimized Channel Configurations
Cornix Conclusion
Cornix is a unique crypto automation tool that lets you automate your trading based on Telegram signal groups or TradingView alerts. You can create custom automated trading strategies including complex trades with multiple entries, take-profits and stop-loss orders. Users can also choose from a wide range of prebuilt trading signals to copy directly into their own exchange.
I would put this cryptocurrency robot up there with some other popular automated crypto trading platforms such as Quadency, Coinrule, Shrimpy, Zignaly, CryptoHero, Mudrex, Centobot, 3Commas, Trality, Bitsgap, ProfitTrailer, HaasOnline, Gunbot, Cryptohopper, Trade Santa, Stoic and Pionex.
Just remember, there is absolutely no guarantee on how good any trading signals will perform. You should be well aware of the significant risks involved with trading online and never risk more than you can afford to lose. I would personally make sure that I thoroughly analyse any trading strategy or signal service and would only start on a demo account to begin with. Of course, historical performance is no indication of results moving forward. Nobody can predict what the markets will do with 100% accuracy.
Cornix
$19.90
Pros
- Telegram bot
- TradingView Signals
- Connect multiple exchanges
- Place & manage trades
- Crypto portfolio management
- Watchlists
- Real-Time market quotes
- Trading signal alert notifications
- Free 14-day trial
- Security features & full support
Cons
- Limited crypto exchanges supported
- Only 2 week trial
- Quite complex to setup
- Steep learning curve
- Not ideal for beginners
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
