The world of cryptocurrency trading can be quite exciting However, it can become time-consuming and stressful for many traders. This is the point where Coinrule comes in. Coinrule can be described as an automatic tool for trading that helps traders adhere to their cryptocurrency strategy without having to constantly keep track of the market. It’s easy to use, even for those with no programming expertise, and comes with a variety of options that will boost you trading experience to next step.
Coinrule was founded in the year 2017 London by a group of cryptocurrency and blockchain enthusiasts. The company’s mission is to make trading in cryptocurrencies less tedious by providing an automated trading platform which can be integrated safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than its goal.
One of the key aspects of Coinrule is the easy to use automated trading. The markets for cryptocurrency can be very volatile and it can be hard for trader to keep up with the ever-changing charts. Coinrule allows traders to create trading rules, and then examines the market and make trades that are compatible with their strategy. This allows traders to set their cryptocurrency trading up to run on autopilot, and not spend hours poring over charts.
Coinrule has integrated trading strategies that investors can pick from. There are more than 150 rules to choose from that make it simple for both experienced and novice traders to choose an approach that is suitable for them. Additionally, traders can pause rules at any point, and they will receive free daily emails that contain trading signals which can assist them in adjusting their strategy to the market.
Another great feature of Coinrule is its backtesting opportunities. The traders can test their trading rules by using historical market data in TradingView. They can choose the cryptocurrency they will be trading, the desired time frame, and the trading strategy and see how many trades the strategy has opened and closed, as well as the net profit, the percentage of profit maximum drawdown, as well as the profit ratio. This can be a helpful tool for increasing confidence of traders in their trading strategies they develop.
Coinrule is also compatible with a variety of reliable exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can integrate Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers including Starter, Hobbyist Pro, and Trader, with different options for traders at all levels. Prices vary from $0 and up to $499.99 per month. traders have the option of paying either monthly or annually. Annual plans provide discounts of up to 25%.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the next level. With features such as automated trading, built-in trading strategies with backtesting capabilities, as well as support for a variety of trusted trading platforms, Coinrule provides a reliable instrument that can aid you in making the most of your trading strategy.