The world of cryptocurrency trading is quite thrilling, but it can also become time-consuming and stressful for many traders. This is the point where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders stick to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It’s easy to use even for those with no programming knowledge, and provides various options that will boost you trading experience to next step.
Coinrule was established in the year 2017 London by a group of crypto and blockchain enthusiasts. The company’s mission is to make trading in cryptocurrency less tedious by providing an automated trading platform which can be integrated safely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is greater than 200% over its target.
One of the most important features of Coinrule is its easy-to-use automated trading system. The cryptocurrency markets can be very volatile and it can be hard for trader to keep track of the ever-changing charts. Coinrule lets traders create 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 on autopilot, and not look over charts for hours.
Coinrule has built-in trading strategies that traders can choose from. There are more than 150 trading rules to pick from that make it simple for both novice and experienced traders to choose the best strategy for them. Furthermore, traders are able to pause rules at any time and receive daily emails with signals for trading to help them adapt their strategy to the market.
Another excellent aspect of Coinrule is the possibility of backtesting. Traders can test out their trading strategy on historical market data using TradingView. They can select the coin they will be trading and the time frame they want to use as well as the strategy for trading to check how many trades were opened and closed in addition to the net profit, percentage of profitability maximum drawdown, as well as profit factor. This is a useful method to boost confidence of traders in their trading strategies they develop.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can integrate Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers, Starter, Hobbyist, Pro, and Trader with different options for traders at all levels. Prices vary from $0 through $499.99 per month. traders can choose to pay either monthly or annually. The yearly plans offer discounts of up to percent.
Overall, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the highest 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 cryptocurrency exchanges Coinrule is a robust tool that will aid you in making the most of any trading plan.