The world of trading in cryptocurrency can be quite exciting, but it can also become time-consuming and stressful in the eyes of many trader. This is where Coinrule comes in. Coinrule is an automated tool for trading that helps traders adhere to their cryptocurrency strategy without the need to constantly monitor the markets. It’s simple to use, even for those with no programming knowledge, and provides a variety of options that will help you take trades to the next step.
Coinrule was founded in 2017 , in London by a group of crypto and blockchain enthusiasts. The company’s mission is to make trading in cryptocurrency easier by offering an automated platform for trading which can be integrated safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than its target.
One of the key aspects of Coinrule is the easy-to-use automated trading system. The markets for cryptocurrency can be extremely volatile, and it is often hard for trader to keep up with constantly changing charts. Coinrule lets traders set up trading rules and then examines the market and make trades that are compatible with their strategy. This means that traders are able to set their cryptocurrency trading up to run on autopilot, and not look over charts for hours.
Coinrule has integrated trading strategies that traders can choose from. There are over 150 rules available which makes it simple for both novice and experienced traders to discover a strategy that works for them. Furthermore, traders are able to pause rules at any point, and will be sent daily emails that contain trading signals to help them adapt their strategy according to the changing market.
Another wonderful aspect of Coinrule is the possibility of backtesting. Traders can test out their trading strategy by using historical market data in TradingView. You can choose the currency they will be trading as well as the timeframe they wish to trade, and the trading strategy and see how many trades the strategy opened and closed in addition to the net profit, the percentage of profitability as well as the maximum drawdown and profit factor. This is a useful tool for increasing a trader’s confidence in the trading rules they create.
Coinrule has also been able to work with several reliable exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to connect Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing levels, Starter, Hobbyist, Pro, and Trader, with different options for traders at all levels. Prices vary from $0 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.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the highest level. With features such as automatized trading, integrated strategies for trading as well as backtesting options, and support for multiple trustworthy exchanges, Coinrule can be a powerful instrument that can aid you in making the most of the trading strategies you employ.