The world of trading in cryptocurrency can be very exciting However, it can be time-consuming and overwhelming to many investors. This is the point where Coinrule comes in. Coinrule is an automated trading tool that helps traders stick to their cryptocurrency strategy without having to constantly keep track of the market. It’s easy to use, even for people with no programming knowledge, and provides a variety of features that can boost your trading to the next level.
Coinrule was established in the year 2017 in London by a group of cryptocurrency and blockchain enthusiasts. The company aims at making trading cryptocurrency more efficient by providing an automated trading platform that is able to integrate securely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than its target.
One of the key advantages of Coinrule is its easy to use automated trading. The markets for cryptocurrency can be very volatile and it is often hard for trader to keep up with ever-changing charts. Coinrule lets traders create trading rules, and then examines the market and make trades that are compatible with their strategy. This allows traders to place their cryptocurrency trading on autopilot and not spend hours poring over charts.
Coinrule also offers integrated trading strategies that investors can choose from. There are over 150 rules to choose from which makes it simple for both novice and experienced traders to choose an approach that is suitable for them. Furthermore, traders are able to pause rules at any time and they will receive free daily emails with signals for trading that can help them adjust their strategy to the market.
Another great characteristic of Coinrule is the possibility of backtesting. Traders can test out their trading strategy on historical market data using TradingView. They can choose the cryptocurrency they intend to trade and the time frame they want to use and trading strategy to determine how many trades that the strategy has opened and closed, as well as its net profits, percentage of profitability, maximum drawdown, and profit factor. This is a useful tool for increasing a trader’s confidence in their trading strategies they develop.
Coinrule also supports multiple trustworthy exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to integrate Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels that include 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 are able to pay monthly or annually. The yearly plans offer discounts up to 25 percent.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the highest level. With features like automated trading, built-in strategies for trading, backtesting opportunities, and support for multiple trustworthy cryptocurrency exchanges Coinrule provides a reliable instrument that can aid you in making the most out of the trading strategies you employ.