The world of trading in cryptocurrency is quite thrilling however, it can be time-consuming and overwhelming for many traders. This is the point where Coinrule comes in. Coinrule can be described as an automatic trading tool that helps traders adhere to their cryptocurrency strategy without having to constantly monitor the markets. It is easy to use even for people with no programming knowledge, and provides many options to take your trading to the highest level.
Coinrule was established in 2017 in London by a team of blockchain and cryptocurrency enthusiasts. The company aims to make trading in cryptocurrency less tedious by providing an automated platform for trading that is able to integrate securely with multiple exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than its target.
One of the key aspects of Coinrule is the user-friendly automated trading. The market for cryptocurrency is highly volatile and it is often challenging for investors to stay track of the ever-changing charts. Coinrule lets traders set up trading rules and then examines the market and make trades that match their strategies. This allows traders to place their cryptocurrency trading to autopilot, and not go through charts for hours.
Coinrule has built-in trading strategies that traders can choose from. There are more than 150 rules to choose from that make it simple for both new and experienced traders to find a strategy that works for them. In addition, traders can stop rules at any time and receive daily emails that contain trading signals that can help them adjust their strategies to market conditions.
Another wonderful characteristic of Coinrule is the possibility of backtesting. The traders can test their trading rules on historical market data using TradingView. You can choose the currency they plan to trade as well as the timeframe they wish to trade and trading strategy, and then check how many trades the strategy opened and closed and also profits net, percentage of profitability, maximum drawdown, and the profit ratio. This can be an effective instrument to increase a trader’s confidence in the trading rules they design.
Coinrule is also compatible with a variety of reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can use Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Pro, and Trader offering different options to traders at all levels. Prices start at $0 and go up to $499.99 per month. traders have the option of paying monthly or annually. The annual plans can offer discounts of up to percent.
In the end, Coinrule offers a user-friendly and convenient experience that can boost your cryptocurrency trading experience to the next level. With features such as automated trading, built-in strategies for trading, backtesting opportunities, and support for a variety of trusted cryptocurrency exchanges Coinrule is a robust instrument that can assist you in making the most out of any trading plan.