The world of cryptocurrency trading can be quite exciting however, it can become time-consuming and stressful to many investors. This is the point where Coinrule comes in. Coinrule is an automated tool for trading that helps traders stick to their crypto strategy without the need to constantly be on the lookout for market trends. It’s easy to use even for people with no programming expertise, and comes with a variety of features that can help you take your trading to the next step.
Coinrule was established in 2017 in London by a group of blockchain and cryptocurrency enthusiasts. Its goal is to make trading in cryptocurrency more efficient by providing an automated trading platform that is able to integrate securely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than its goal.
One of the key advantages of Coinrule is its easy to use automated trading. The market for cryptocurrency is very volatile and it can be challenging for investors to stay track of the constantly changing charts. Coinrule lets traders set up trading rules and then analyzes the market and then makes trades that are compatible with their plan of action. This means that traders are able to put their cryptocurrency trading up to run on autopilot and not spend hours poring over charts.
Coinrule has integrated trading strategies that investors can select from. There are over 150 rules to choose from that make it simple for both new and experienced traders to choose an approach that is suitable for them. Additionally, traders can pause rules at any time, and they will receive free daily emails with trading signals which can assist them in adjusting their strategy to the market.
Another excellent aspect of Coinrule is the possibility of backtesting. Investors can test their trading strategy by using historical market data in TradingView. They can choose the cryptocurrency they intend to trade as well as the timeframe they wish to trade, and the trading strategy to see how many trades the strategy has opened and closed and also its net profits, the percentage of profitability maximum drawdown, as well as profit factor. This is a useful method to boost a trader’s confidence in their trading strategies they develop.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to integrate Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels including Starter, Hobbyist Pro, and Trader, offering different options to traders of all levels. Prices range from $0 and up to $499.99 per month. traders have the option of paying either monthly or annually. Annual plans provide discounts up to 25 percent.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the next level. With features like automatized trading, integrated strategies for trading, backtesting opportunities, and support for a variety of trusted cryptocurrency exchanges Coinrule is a robust tool that can aid you in making the most out of any trading plan.