The world of cryptocurrency trading can be very exciting, but it can also become time-consuming and stressful for many traders. This is the point where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders adhere to their cryptocurrency strategy without having to constantly keep track of the market. It’s simple to use, even for those with no programming knowledge, and provides various options that will take trades to the highest step.
Coinrule was established in the year 2017 London by a team of blockchain and cryptocurrency enthusiasts. The company aims create a system that makes trading cryptocurrencies more efficient by providing an automated platform for trading that can integrate safely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than the amount it had set for.
One of the most important features of Coinrule is its easy to use automated trading. The cryptocurrency markets can be very volatile and it is often hard for trader to keep up with ever-changing charts. Coinrule lets traders set up trading rules and then monitors the market and makes trades that match their plan of action. This means that traders can put their cryptocurrency trading to autopilot and not look over charts for hours.
Coinrule also offers built-in trading strategies that traders can choose from. There are over 150 trading rules to pick from, making it easy for both experienced and novice traders to find an approach that is suitable for them. In addition, traders can stop rules at any time and receive daily emails with signals for trading to help them adapt their strategy to the market.
Another excellent characteristic of Coinrule is its backtesting opportunities. Traders can test out their trading rules on historical market data using TradingView. You can choose the currency they will be trading and the time frame they want to use and trading strategy, and then determine how many trades that were opened and closed and also profits net, percentage of profit maximum drawdown, as well as profit factor. This can be a helpful instrument to increase a trader’s confidence in the trading rules they design.
Coinrule also supports multiple trustworthy 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 including Starter, Hobbyist Pro, and Trader, with different options for traders at all levels. Prices start at $0 and go up and up to $499.99 per month. traders can choose to pay each month or annually. The annual plans can offer discounts up to 25 percent.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the highest possible level. With features like automatic trading and built-in strategies for trading, backtesting opportunities, and support for a variety of trusted exchanges, Coinrule can be a powerful tool that will help you make the most of your trading strategy.