The world of trading in cryptocurrency can be quite exciting however, it can become time-consuming and stressful for many traders. This is where Coinrule is able to help. Coinrule can be described as an automatic tool for trading that helps traders stick to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It’s simple to use, even for those without coding expertise, and comes with many options to help you take trades to the highest level.
Coinrule was founded in 2017 in London by a team of crypto and blockchain enthusiasts. The company aims at making trading cryptocurrencies less tedious by providing an automated trading platform which can be integrated safely with multiple exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is over 200% more than its goal.
One of the key advantages of Coinrule is its easy to use automated trading. The markets for cryptocurrency can be highly volatile and it can be hard for trader to keep up with ever-changing charts. Coinrule allows traders to establish trading rules and then monitors the market and makes trades that are compatible with their plan of action. This means that traders are able to place their cryptocurrency trading on autopilot, and not spend hours poring over charts.
Coinrule has integrated trading strategies that traders can select from. There are over 150 rules to choose from which makes it simple for both new and experienced traders to discover an approach that is suitable for them. Furthermore, traders are able to pause rules at any time, and will be sent daily emails that contain trading signals that can help them adjust their strategy to the market.
Another great aspect of Coinrule is the possibility of backtesting. The traders can test their trading strategies based with historical market data by using TradingView. They can select the coin they will be trading as well as the timeframe they wish to trade, and the trading strategy to see how many trades the strategy opened and closed in addition to its net profits, percentage of profitability as well as the maximum drawdown and the profit ratio. This is a useful method to boost a trader’s confidence in the trading rules they create.
Coinrule also supports multiple trustworthy exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can integrate Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers that include Starter, Hobbyist Pro, and Trader offering different options to traders of all levels. Prices start at $0 and go up and up to $499.99 per month. traders have the option of paying monthly or annually. The yearly plans offer discounts of up to 25%.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the highest level. With features such as automated trading, built-in strategies for trading with backtesting capabilities, as well as support for multiple trustworthy exchanges, Coinrule can be a powerful instrument that can help you make the most out of your trading strategy.