The world of trading in cryptocurrency can be very exciting, but it can also be time-consuming and overwhelming for many traders. This is where Coinrule is able to help. Coinrule is an automated tool for trading that helps traders stick to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It’s simple to use even for those with no programming experience, and offers various features that can take trades to the next level.
Coinrule was established in 2017 , in London by a group of crypto and blockchain enthusiasts. The company’s mission is create a system that makes trading cryptocurrency less tedious by providing an automated trading platform that is able to integrate securely with several exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is 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 market for cryptocurrency is highly volatile and it is often hard for trader to keep track of the constantly changing charts. Coinrule lets traders set up trading rules and then analyzes the market and then makes trades that match their strategy. This means that traders are able to put their cryptocurrency trading on autopilot and not have to look over charts for hours.
Coinrule has integrated trading strategies that investors can pick from. There are more than 150 rules to choose from, making it easy for both new and experienced traders to choose an approach that is suitable for them. Additionally, traders can pause rules at any point, and receive daily emails that contain trading signals that can help them adjust their strategy according to the changing market.
Another excellent characteristic of Coinrule is its backtesting capabilities. Traders can test out their trading strategies based with historical market data by using TradingView. They can choose the cryptocurrency they plan to trade, the desired time frame, and the trading strategy and determine how many trades that were opened and closed in addition to its net profits, percentage of profitability as well as the maximum drawdown and profit percentage. This is a useful instrument to increase a trader’s confidence in the trading rules they design.
Coinrule is also compatible with a variety of reliable 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 offers four pricing tiers that include Starter, Hobbyist Pro, and Trader offering different options to traders at all levels. Prices start at $0 and go up through $499.99 per month. traders are able to pay each month or annually. The yearly plans offer discounts up to 25%.
All in all, 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 a variety of trusted exchanges, Coinrule can be a powerful instrument that can aid you in making the most of any trading plan.