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 can be described as an automatic trading tool that can help traders stick to their crypto strategy without having to continuously keep track of the market. It’s easy to use, even for those without coding experience, and offers a variety of options that will take trades to the next level.
Coinrule was established in the year the year 2017 London by a group of blockchain and cryptocurrency enthusiasts. The company aims at making trading cryptocurrencies less tedious by providing an automated trading platform that can integrate safely with several exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, more than 200% above its target.
One of the key aspects of Coinrule is the user-friendly automated trading. The cryptocurrency markets can be very volatile and it can be difficult for traders to keep track of the ever-changing charts. Coinrule lets traders establish trading rules and then examines the market and make trades that match their strategies. This means that traders can put their cryptocurrency trading up to run on autopilot, and not spend hours poring over charts.
Coinrule also offers integrated trading strategies that investors can select from. There are more than 150 trading rules to pick from that make it simple for both novice and experienced traders to discover a strategy that works for them. In addition, traders can stop rules at any point, and will be sent daily emails with trading signals which can assist them in adjusting their strategy to the market.
Another excellent characteristic of Coinrule is its backtesting opportunities. Investors can test their trading rules by using historical market data in TradingView. They can select the coin they will be trading and the time frame they want to use, and the trading strategy to see how many trades the strategy has opened and closed, as well as profits net, the percentage of profitability maximum drawdown, as well as profit factor. This can be an effective instrument to increase the trust of traders in their trading strategies they develop.
Coinrule also supports multiple trustworthy exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to use Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Pro, and Trader with different options for traders of all levels. Prices start at $0 and go up to $499.99 per month, and traders are able to pay each month or annually. Annual plans provide discounts of up to 25 percent.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the highest possible level. With features like automated trading, built-in strategies for trading, backtesting opportunities, and support for multiple trustworthy exchanges, Coinrule provides a reliable instrument that can help you make the most of your trading strategy.