The world of trading in cryptocurrency is quite thrilling, but it can also be time-consuming and overwhelming in the eyes of many trader. This is the point where Coinrule is able to help. Coinrule is an automated tool for trading that helps traders adhere to their cryptocurrency strategy without the need to constantly monitor the markets. It’s simple to use, even for those without coding experience, and offers many features that can help you take your trading to the next step.
Coinrule was established in the year 2017 in London by a team of crypto and blockchain enthusiasts. Its goal is create a system that makes trading cryptocurrencies less tedious by providing an automated trading platform that can integrate safely with various exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, greater than 200% over its goal.
One of the most important features of Coinrule is its easy-to-use automated trading system. The cryptocurrency markets can be extremely volatile, and it is often challenging for investors to stay track of the ever-changing charts. Coinrule lets traders set up 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 on autopilot and not have to spend hours poring over charts.
Coinrule has integrated trading strategies that traders can pick from. There are over 150 rules to choose from that make it simple for both experienced and novice traders to choose the best strategy for them. Additionally, traders can pause rules at any time, and they will receive free daily emails with signals for trading to help them adapt their strategy according to the changing market.
Another wonderful characteristic 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 will be trading, the desired time frame as well as the strategy for trading, and then see how many trades were opened and closed and also its net profits, the percentage of profitability as well as the maximum drawdown and profit factor. This can be an effective method to boost confidence of traders in the trading rules they design.
Coinrule also supports multiple trustworthy exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can use Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels including Starter, Hobbyist Pro, and Trader, offering different options to traders of all levels. Prices range from $0 to $499.99 per month, and traders have the option of paying each month or annually. Annual plans provide discounts up to 25%.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the next level. With features such as automatic trading and built-in trading strategies with backtesting capabilities, as well as support for a variety of trusted cryptocurrency exchanges Coinrule can be a powerful instrument that can assist you in making the most out of the trading strategies you employ.