The world of cryptocurrency trading can be very exciting, but it can also be time-consuming and overwhelming for many traders. This is where Coinrule comes in. Coinrule can be described as an automatic tool for trading that helps traders adhere to their cryptocurrency strategy without having to continuously keep track of the market. It’s simple to use even for those without coding expertise, and comes with many options that will take you trading experience to highest level.
Coinrule was founded in 2017 in London by a group of cryptocurrency and blockchain enthusiasts. The company aims at making trading cryptocurrencies more efficient by providing an automated trading platform that is able to integrate securely with various exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, greater than 200% over its target.
One of the main features of Coinrule is its user-friendly automated trading. The cryptocurrency markets can be very volatile and it can be difficult for traders to keep up with the ever-changing charts. Coinrule lets traders establish trading rules and then analyzes the market and then makes trades that match their plan of action. This means that traders are able to set their cryptocurrency trading up to run on autopilot and not have to go through charts for hours.
Coinrule has integrated trading strategies that investors can pick from. There are over 150 rules to choose from that make it simple for both new and experienced traders to find the best strategy for them. Additionally, traders can pause rules at any time and will be sent daily emails that contain trading signals to help them adapt their strategies to market conditions.
Another excellent aspect of Coinrule is its backtesting capabilities. The traders can test their trading rules by using historical market data in TradingView. You can choose the currency they will be trading 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 the net profit, percentage of profit maximum drawdown, as well as profit factor. This can be an effective method to boost the trust of traders 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 connect Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels that include Starter, Hobbyist Pro, and Trader, with a variety of options for traders of all levels. Prices start at $0 and go up through $499.99 per month, and traders have the option of paying each month or annually. The yearly plans offer discounts of up to percent.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the highest possible level. With features like automatic trading and built-in trading strategies with backtesting capabilities, as well as the ability to support multiple trusted exchanges, Coinrule is a robust tool that can aid you in making the most out of your trading strategy.