The world of trading in cryptocurrency is quite thrilling however, it can become time-consuming and stressful to many investors. This is where Coinrule comes in. Coinrule provides an efficient trading tool that helps traders stick to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It is easy to use even for those without coding experience, and offers a variety of options to take your trading to the next step.
Coinrule was founded in 2017 in London by a team of blockchain and cryptocurrency enthusiasts. The company’s mission is to make trading in cryptocurrencies less tedious by providing an automated platform for trading which can be integrated safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, greater than 200% over its target.
One of the most important advantages of Coinrule is its easy to use automated trading. The market for cryptocurrency is extremely volatile, and it is often difficult for traders to keep up with ever-changing charts. Coinrule lets traders create trading rules, and then examines the market and make trades that fit into their plan of action. This allows traders to set their cryptocurrency trading to autopilot and not spend hours poring over charts.
Coinrule also offers built-in trading strategies that traders can choose from. There are more than 150 rules to choose from which makes it simple for both new and experienced traders to discover an approach that is suitable for them. Furthermore, traders are able to pause rules at any point, and receive daily emails that contain trading signals to help them adapt their strategy to the market.
Another wonderful characteristic of Coinrule is the possibility of backtesting. The traders can test their trading strategy on historical market data using TradingView. You can choose the currency they plan to trade and the time frame they want to use as well as the strategy for trading and determine how many trades that the strategy opened and closed in addition to its net profits, percentage of profit maximum drawdown, as well as profit percentage. This is a useful instrument to increase a trader’s confidence in the trading rules they design.
Coinrule also supports multiple trustworthy exchanges, such as 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 tiers that include Starter, Hobbyist Pro, and Trader offering different options to traders at all levels. Prices range from $0 through $499.99 per month. traders can choose to pay each month or annually. The yearly plans offer discounts up to 25 percent.
Overall, Coinrule offers a user-friendly and convenient experience that can boost your cryptocurrency trading experience to the highest level. With features such as automated trading, built-in trading strategies with backtesting capabilities, as well as support for multiple trustworthy trading platforms, Coinrule provides a reliable instrument that can assist you in making the most out of the trading strategies you employ.