The world of cryptocurrency trading can be very exciting, but it can also become time-consuming and stressful for many traders. This is the point where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders adhere to their cryptocurrency strategy without the need to constantly keep track of the market. It is easy to use even for people with no programming expertise, and comes with various options that will boost trades to the next level.
Coinrule was founded in the year 2017 London by a team of crypto and blockchain enthusiasts. The company aims at making trading 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) on Seedrs. This is greater than 200% over its target.
One of the key advantages of Coinrule is its user-friendly automated trading. The cryptocurrency markets can be very volatile and it can be challenging for investors to stay up with the constantly changing charts. Coinrule allows traders to create trading rules, and then examines the market and make trades that fit into their plan of action. This means that traders can set their cryptocurrency trading to autopilot and not spend hours poring over charts.
Coinrule provides integrated trading strategies that investors can select from. There are more than 150 rules available that make it simple for both novice and experienced traders to find the best strategy for them. Additionally, traders can pause rules at any time, and receive daily emails that contain trading signals that can help them adjust their strategies to market conditions.
Another wonderful feature of Coinrule is its backtesting opportunities. Investors can test their trading strategies based by using historical market data in TradingView. They can select the coin they will be trading as well as the timeframe they wish to trade, and the trading strategy and determine how many trades that the strategy has opened and closed in addition to the net profit, percentage of profitability as well as the maximum drawdown and profit factor. This can be a helpful instrument to increase a trader’s confidence in their trading strategies they develop.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to integrate Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers, Starter, Hobbyist, Trader, and Pro, with different options for traders at all levels. Prices vary from $0 to $499.99 per month, and traders can choose to pay monthly or annually. Annual plans provide discounts of up to 25 percent.
All in all, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the next level. With features such as automatic trading and built-in trading strategies as well as backtesting options, and the ability to support multiple trusted exchanges, Coinrule is a robust tool that can help you make the most out of any trading plan.