The world of trading cryptocurrency can be quite exciting, but it can also become time-consuming and stressful in the eyes of many trader. This is the point where Coinrule comes in. Coinrule can be described as an automatic trading tool that helps traders stick to their crypto strategy without having to continuously be on the lookout for market trends. It’s easy to use even for those with no programming expertise, and comes with many options that will take your trading to the next level.
Coinrule was founded in 2017 in London by a team of crypto and blockchain enthusiasts. Its goal is create a system that makes trading cryptocurrencies easier by offering an automated trading platform that is able to integrate securely with various exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is more than 200% above its target.
One of the main advantages of Coinrule is its user-friendly automated trading. The cryptocurrency markets can be highly volatile and it can be challenging for investors to stay up with the constantly changing charts. Coinrule allows traders to create trading rules, and then analyzes the market and then makes trades that match their plan of action. This means that traders are able to place their cryptocurrency trading on autopilot and not have to go through charts for hours.
Coinrule provides integrated trading strategies that traders can select from. There are over 150 trading rules to pick from that make it simple for both new and experienced traders to find an approach that is suitable for them. In addition, traders can stop rules at any time and will be sent daily emails with signals for trading to help them adapt their strategies to market conditions.
Another wonderful aspect of Coinrule is the possibility of backtesting. The traders can test their trading rules on historical market data using TradingView. You can choose the currency they intend to trade and the time frame they want to use and trading strategy and see how many trades the strategy has opened and closed and also the net profit, the percentage of profit as well as the maximum drawdown and profit factor. This is a useful method to boost a trader’s confidence in the trading rules they create.
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 integrate Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels including Starter, Hobbyist Pro, and Trader, with a variety of options for traders at all levels. Prices start at $0 and go up and up to $499.99 per month, and traders have the option of paying each month or annually. The yearly plans offer discounts up to 25%.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the next level. With features such as automatic trading and built-in strategies for trading with backtesting capabilities, as well as support for multiple trustworthy trading platforms, Coinrule provides a reliable instrument that can assist you in making the most of any trading plan.