The world of trading cryptocurrency can be very exciting However, it can become time-consuming and stressful for many traders. This is the point where Coinrule comes in. Coinrule can be described as an automatic tool for trading that helps traders stick to their cryptocurrency strategy without having to constantly monitor the markets. It’s easy to use even for those without coding expertise, and comes with various features that can boost your trading to the highest step.
Coinrule was founded in 2017 in London by a group of blockchain and cryptocurrency enthusiasts. Its goal is to make trading in cryptocurrencies less tedious by providing an automated platform for trading that can integrate safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, greater than 200% over its goal.
One of the key features of Coinrule is its easy-to-use automated trading system. The markets for cryptocurrency can be very volatile and it is often hard for trader to keep up with ever-changing charts. Coinrule allows traders to set up trading rules and then analyzes the market and then makes trades that fit into their strategies. This allows traders to put their cryptocurrency trading on autopilot and not go through charts for hours.
Coinrule provides built-in trading strategies that traders can select from. There are more than 150 rules available, making it easy for both new and experienced traders to choose the best strategy for them. Additionally, traders can pause rules at any time and receive daily emails with trading signals to help them adapt their strategy according to the changing market.
Another excellent aspect of Coinrule is the possibility of backtesting. 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 as well as the strategy for trading and determine how many trades that the strategy has opened and closed in addition to its net profits, percentage of profitability maximum drawdown, as well as profit factor. This is a useful tool for increasing 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 use Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels, Starter, Hobbyist, Pro, and Trader, with a variety of options for traders of all levels. Prices vary from $0 and up to $499.99 per month, and traders have the option of paying monthly or annually. The yearly plans offer discounts of up to 25 percent.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the highest level. With features like automatic trading and built-in strategies for trading, backtesting opportunities, and support for multiple trustworthy cryptocurrency exchanges Coinrule provides a reliable tool that will assist you in making the most out of any trading plan.