The world of trading cryptocurrency is quite thrilling however, it can be time-consuming and overwhelming in the eyes of many trader. 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 continuously be on the lookout for market trends. It’s simple to use, even for those without coding experience, and offers a variety of options to help you take your trading to the next step.
Coinrule was founded in 2017 in London by a team of blockchain and cryptocurrency enthusiasts. The company aims to make trading in cryptocurrency easier by offering an automated platform for trading that is able to integrate securely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than the amount it had set for.
One of the most important aspects of Coinrule is the user-friendly automated trading. The markets for cryptocurrency can be extremely volatile, and it is often challenging for investors to stay up with constantly changing charts. Coinrule allows traders to set up trading rules and then analyzes the market and then makes trades that fit into their strategy. This allows traders to put their cryptocurrency trading up to run on autopilot and not have to look over charts for hours.
Coinrule provides integrated trading strategies that investors can choose from. There are over 150 rules available which makes it simple for both experienced and novice traders to choose the best strategy for them. Additionally, traders can pause rules at any time, and they will receive free daily emails with trading signals which can assist them in adjusting their strategy to the market.
Another excellent aspect of Coinrule is the possibility of backtesting. Investors can test their trading strategies based with historical market data by using TradingView. You can choose the currency they will be trading as well as the timeframe they wish to trade and trading strategy and check how many trades the strategy has opened and closed in addition to the net profit, the percentage of profitability maximum drawdown, as well as the profit ratio. This can be an effective tool for increasing confidence of traders in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to integrate Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Pro, and Trader with different options for traders at all levels. Prices vary from $0 to $499.99 per month, and traders are able to pay either monthly or annually. The annual plans can offer discounts of up to%.
All in all, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the highest possible level. With features like automatized trading, integrated strategies for trading, backtesting opportunities, and support for multiple trustworthy trading platforms, Coinrule is a robust tool that can assist you in making the most of the trading strategies you employ.