The world of trading cryptocurrency can be quite exciting, but it can also be time-consuming and overwhelming for many traders. This is where Coinrule is able to help. Coinrule is an automated trading tool that helps traders stick to their cryptocurrency strategy without having to constantly monitor the markets. It is easy to use even for people with no programming expertise, and comes with a variety of options to help you take trades to the highest step.
Coinrule was established in the year 2017 in London by a group of cryptocurrency and blockchain enthusiasts. Its goal is to make trading in cryptocurrency less tedious by providing an automated trading platform which can be integrated safely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is over 200% more than the amount it had set for.
One of the key aspects of Coinrule is the easy to use automated trading. The markets for cryptocurrency can be extremely volatile, and it is often difficult for traders to keep up with constantly changing charts. Coinrule allows traders to establish trading rules and then examines the market and make trades that are compatible with their strategies. This allows traders to place their cryptocurrency trading on autopilot and not look over charts for hours.
Coinrule has built-in trading strategies that traders can select from. There are more than 150 rules available, making it easy for both novice and experienced traders to find a strategy that works for them. Furthermore, traders are able to pause rules at any time, and they will receive free daily emails with trading signals which can assist them in adjusting their strategy according to the changing market.
Another great characteristic of Coinrule is its backtesting opportunities. Investors can test their trading strategy on historical market data using TradingView. They can choose the cryptocurrency they will be trading as well as the timeframe they wish to trade as well as the strategy for trading and check how many trades were opened and closed, as well as its net profits, the percentage of profitability as well as the maximum drawdown and the profit ratio. This is a useful tool for increasing the trust of traders in the trading rules they create.
Coinrule has also been able to work with several reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can use Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels including Starter, Hobbyist Pro, and Trader offering different options to traders at all levels. Prices range from $0 through $499.99 per month, and traders can choose to pay monthly or annually. Annual plans provide discounts of up to 25 percent.
In the end, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the highest level. With features like automated trading, built-in trading strategies as well as backtesting options, and the ability to support multiple trusted cryptocurrency exchanges Coinrule is a robust tool that can aid you in making the most of the trading strategies you employ.