The world of cryptocurrency trading 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 can be described as an automatic trading tool that can help traders adhere to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It is easy to use even for those with no programming expertise, and comes with many features that can help you take you trading experience to highest level.
Coinrule was established in the year 2017 London by a group of blockchain and cryptocurrency enthusiasts. The company aims at making trading cryptocurrencies less tedious by providing an automated trading platform that can integrate safely with various exchanges. In December 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 main aspects of Coinrule is the easy-to-use automated trading system. The market for cryptocurrency is very 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 fit into their strategy. This allows traders to put their cryptocurrency trading to autopilot and not have to spend hours poring over charts.
Coinrule also offers integrated trading strategies that investors can select from. There are over 150 rules available which makes it simple for both new and experienced traders to find the best strategy for them. Furthermore, traders are able to pause rules at any time, and receive daily emails with trading signals that can help them adjust their strategies to market conditions.
Another great feature of Coinrule is the possibility of backtesting. Traders can test out their trading strategy with historical market data by using TradingView. They can select the coin they intend to trade and the time frame they want to use and trading strategy to determine how many trades that the strategy opened and closed in addition to the net profit, the percentage of profitability, maximum drawdown, and profit factor. This is a useful method to boost confidence of traders 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 that include Starter, Hobbyist Pro, and Trader, offering different options to traders at all levels. Prices range from $0 and up to $499.99 per month, and traders are able to pay either monthly or annually. Annual plans provide discounts up to 25 percent.
All in all, Coinrule offers a user-friendly and convenient experience that can boost your cryptocurrency trading experience to the highest level. With features like automated trading, built-in trading strategies, backtesting opportunities, and support for a variety of trusted exchanges, Coinrule can be a powerful instrument that can assist you in making the most out of any trading plan.