The world of trading cryptocurrency can be quite exciting, but it can also become time-consuming and stressful to many investors. This is where Coinrule is able to help. Coinrule can be described as an automatic tool for trading that helps traders adhere to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It’s simple to use even for those without coding knowledge, and provides a variety of options that will take you trading experience to next step.
Coinrule was founded in 2017 , in London by a team of cryptocurrency and blockchain enthusiasts. The company aims to make trading in cryptocurrency easier by offering an automated trading platform that is able to integrate securely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than its target.
One of the main advantages of Coinrule is its easy to use automated trading. The market for cryptocurrency is highly volatile and it is often challenging for investors to stay up with the ever-changing charts. Coinrule allows traders to establish trading rules and then examines the market and make trades that match their plan of action. This allows traders to set their cryptocurrency trading up to run on autopilot and not have to look over charts for hours.
Coinrule provides integrated trading strategies that investors can choose from. There are over 150 rules to choose from which makes it simple for both novice and experienced traders to choose a strategy that works for them. Additionally, traders can pause rules at any time, and will be sent daily emails with trading signals that can help them adjust their strategies to market conditions.
Another excellent aspect of Coinrule is the possibility of backtesting. Investors can test their trading strategy by using historical market data in TradingView. You can choose the currency they intend to trade and the time frame they want to use, and the trading strategy and check how many trades the strategy has opened and closed in addition to the net profit, the percentage of profit as well as the maximum drawdown and the profit ratio. This can be a helpful method to boost confidence of traders in their trading strategies they develop.
Coinrule is also compatible with a variety of reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to integrate Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing levels including Starter, Hobbyist Pro, and Trader, with a variety of options for traders of all levels. Prices range from $0 to $499.99 per month, and traders can choose to pay either monthly or annually. The annual plans can offer discounts of up to percent.
All in all, Coinrule offers a user-friendly and convenient experience that can boost your cryptocurrency trading experience to the highest possible level. With features like automatic trading and built-in strategies for trading as well as backtesting options, and the ability to support multiple trusted trading platforms, Coinrule is a robust tool that will help you make the most of your trading strategy.