The world of trading cryptocurrency can be quite exciting however, it can become time-consuming and stressful to many investors. This is the point where Coinrule comes in. Coinrule is an automated trading tool that helps traders stick to their crypto strategy without having to constantly be on the lookout for market trends. It’s easy to use, even for those without coding knowledge, and provides many options to help you take your trading to the next step.
Coinrule was founded in 2017 in London by a group of crypto and blockchain enthusiasts. The company aims create a system that makes trading cryptocurrencies more efficient by providing an automated trading platform that can integrate safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than its target.
One of the key features of Coinrule is its easy-to-use automated trading system. The cryptocurrency markets can be highly volatile and it can be difficult for traders to keep track of the constantly changing charts. Coinrule lets traders set up trading rules and then analyzes the market and then makes trades that are compatible with their plan of action. This means that traders are able to put their cryptocurrency trading up to run on autopilot and not spend hours poring over charts.
Coinrule has built-in trading strategies that traders can choose from. There are more than 150 rules to choose from, making it easy for both new and experienced traders to choose a strategy that works for them. Furthermore, traders are able to pause rules at any time and will be sent daily emails with signals for trading which can assist them in adjusting their strategy according to the changing market.
Another excellent aspect of Coinrule is its backtesting capabilities. The traders can test their trading strategy by using historical market data in TradingView. They can choose the cryptocurrency they plan to trade as well as the timeframe they wish to trade and trading strategy and see how many trades the strategy opened and closed and also profits net, percentage of profitability maximum drawdown, as well as profit factor. This can be a helpful instrument to increase a trader’s confidence in their trading strategies they develop.
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 provides four pricing levels that include Starter, Hobbyist Pro, and Trader, offering different options to traders at all levels. Prices vary from $0 through $499.99 per month. traders have the option of paying monthly or annually. The yearly plans offer discounts up to 25%.
All in all, Coinrule offers a user-friendly and user-friendly experience that will take your cryptocurrency trading to the next level. With features such as automated trading, built-in trading strategies, backtesting opportunities, and support for multiple trustworthy trading platforms, Coinrule can be a powerful tool that will help you make the most of your trading strategy.