The world of cryptocurrency trading can be very exciting However, it can become time-consuming and stressful in the eyes of many trader. This is where Coinrule comes in. Coinrule is an automated trading tool that can help 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 various options that will take trades to the highest step.
Coinrule was established in the year 2017 in London by a group of cryptocurrency and blockchain enthusiasts. The company aims at making trading cryptocurrency more efficient by providing an automated platform for trading which can be integrated safely with various exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, greater than 200% over its goal.
One of the main advantages of Coinrule is its easy to use automated trading. The markets for cryptocurrency can be extremely volatile, and it can be hard for trader to keep up with the constantly changing charts. Coinrule allows traders to create trading rules, and then monitors the market and makes trades that are compatible with their strategy. This allows traders to place their cryptocurrency trading to autopilot and not have to go through charts for hours.
Coinrule provides built-in trading strategies that traders can pick from. There are more than 150 trading rules to pick from that make it simple for both experienced and novice traders to discover a strategy that works for them. Additionally, traders can pause rules at any time and they will receive free daily emails with signals for trading which can assist them in adjusting their strategy to the market.
Another wonderful aspect of Coinrule is its backtesting capabilities. Investors can test their trading rules on historical market data using TradingView. They can select the coin they intend to trade and the time frame they want to use as well as the strategy for trading, and then determine how many trades that the strategy has opened and closed in addition to the net profit, percentage of profit, maximum drawdown, and the profit ratio. This can be a helpful method to boost a trader’s confidence in the trading rules they design.
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 use Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels that include Starter, Hobbyist Pro, and Trader with different options for traders of all levels. Prices vary from $0 through $499.99 per month, and traders are able to pay either monthly or annually. The yearly plans offer discounts of up to 25%.
In the end, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the next level. With features like automatic trading and built-in strategies for trading as well as backtesting options, and the ability to support multiple trusted exchanges, Coinrule provides a reliable tool that can assist you in making the most out of your trading strategy.