The world of trading in cryptocurrency is quite thrilling however, it can be time-consuming and overwhelming for many traders. This is where Coinrule is able to help. Coinrule can be described as an automatic tool for trading that helps traders adhere to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It’s easy to use even for those without coding expertise, and comes with many options to take your trading to the next level.
Coinrule was established in 2017 in London by a team of cryptocurrency and blockchain enthusiasts. The company’s mission is at making trading cryptocurrencies less tedious by providing an automated platform for trading that can integrate safely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, greater than 200% over its target.
One of the key features of Coinrule is its easy to use automated trading. The cryptocurrency markets can be highly volatile and it can be challenging for investors to stay up with constantly changing charts. Coinrule lets traders set up trading rules and then analyzes the market and then makes trades that match their strategy. This allows traders to set their cryptocurrency trading to autopilot and not have to go through charts for hours.
Coinrule provides built-in trading strategies that traders can select from. There are more than 150 trading rules to pick from which makes it simple for both novice and experienced traders to choose the best strategy for them. Additionally, traders can pause rules at any time, and they will receive free daily emails that contain trading signals that can help them adjust their strategy to the market.
Another wonderful aspect 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, and the trading strategy to check how many trades the strategy has opened and closed in addition to profits net, the percentage of profit maximum drawdown, as well as the profit ratio. This is a useful instrument to increase confidence of traders in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to use Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels, Starter, Hobbyist, Pro, and Trader, with different options for traders at all levels. Prices range from $0 to $499.99 per month. traders have the option of paying either monthly or annually. The yearly plans offer discounts of up to 25 percent.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the highest possible level. With features such as automatized trading, integrated trading strategies with backtesting capabilities, as well as support for a variety of trusted exchanges, Coinrule can be a powerful tool that can help you make the most out of your trading strategy.