The world of trading cryptocurrency can be very exciting However, it can become time-consuming and stressful for many traders. This is where Coinrule comes in. Coinrule provides an efficient trading tool that helps traders adhere to their cryptocurrency strategy without the need to constantly keep track of the market. It’s simple to use, even for people with no programming knowledge, and provides a variety of options that will take trades to the highest step.
Coinrule was established in the year 2017 in London by a group of cryptocurrency and blockchain enthusiasts. The company aims to make trading in cryptocurrency less tedious by providing an automated trading platform that can integrate safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than its goal.
One of the main advantages of Coinrule is its user-friendly automated trading. The cryptocurrency markets can be extremely volatile, and it can be challenging for investors to stay up with the constantly changing charts. Coinrule allows traders to establish trading rules and then monitors the market and makes trades that match their plan of action. This means that traders can set their cryptocurrency trading on autopilot, and not look over charts for hours.
Coinrule has integrated trading strategies that investors can choose from. There are more than 150 rules to choose from, making it easy for both novice and experienced traders to choose an approach that is suitable for them. In addition, traders can stop rules at any point, and will be sent daily emails with signals for trading that can help them adjust their strategies to market conditions.
Another great feature of Coinrule is its backtesting opportunities. Traders can test out their trading rules on historical market data using TradingView. They can select the coin they intend to trade, the desired time frame and trading strategy, and then check how many trades the strategy opened and closed in addition to its net profits, the percentage of profitability, maximum drawdown, and the profit ratio. This is a useful instrument to increase a trader’s confidence in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can use Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers, Starter, Hobbyist, Pro, and Trader, with a variety of options for traders at all levels. Prices start at $0 and go up to $499.99 per month. traders are able to pay each month or annually. The annual plans can offer discounts up to 25%.
All in all, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the highest level. With features like automated trading, built-in strategies for trading with backtesting capabilities, as well as support for a variety of trusted cryptocurrency exchanges Coinrule is a robust instrument that can aid you in making the most of any trading plan.