The world of trading cryptocurrency can be very exciting However, it can be time-consuming and overwhelming to many investors. This is 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 is easy to use even for those without coding experience, and offers many features that can help you take you trading experience to highest step.
Coinrule was founded in 2017 in London by a team of blockchain and cryptocurrency enthusiasts. Its goal is to make trading in cryptocurrency less tedious by providing an automated platform for trading which can be integrated safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, more than 200% above its target.
One of the key aspects of Coinrule is the easy to use automated trading. The market for cryptocurrency is very volatile and it can be challenging for investors to stay up with constantly changing charts. Coinrule allows traders to establish trading rules and then monitors the market and makes trades that are compatible with their strategies. This means that traders are able to set their cryptocurrency trading up to run on autopilot and not go through charts for hours.
Coinrule has integrated trading strategies that investors can select from. There are more than 150 trading rules to pick from, making it easy for both novice and experienced traders to find an approach that is suitable for them. In addition, traders can stop rules at any time, and will be sent daily emails that contain trading signals which can assist them in adjusting their strategies to market conditions.
Another great characteristic of Coinrule is its backtesting capabilities. Traders can test out their trading strategies based on historical market data using TradingView. You can choose the currency they intend to trade as well as the timeframe they wish to trade and trading strategy, and then see how many trades the strategy opened and closed, as well as its net profits, the percentage of profit as well as the maximum drawdown and profit factor. This can be a helpful method to boost a trader’s confidence in the trading rules they create.
Coinrule also supports multiple trustworthy exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to use Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Pro, and Trader, with different options for traders at all levels. Prices vary from $0 and up to $499.99 per month, and traders can choose to pay either monthly or annually. The annual plans can offer discounts up to 25 percent.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the highest possible level. With features like automatized trading, integrated strategies for trading, backtesting opportunities, and the ability to support multiple trusted cryptocurrency exchanges Coinrule can be a powerful instrument that can aid you in making the most of the trading strategies you employ.