The world of trading in cryptocurrency can be quite exciting however, it can become time-consuming and stressful to many investors. This is the point where Coinrule is able to help. Coinrule can be described as an automatic trading tool that can help traders adhere to their cryptocurrency strategy without having to continuously monitor the markets. It’s easy to use even for those with no programming expertise, and comes with many options to take trades to the next level.
Coinrule was established in the year 2017 London by a group of blockchain and cryptocurrency enthusiasts. The company aims create a system that makes trading cryptocurrency easier by offering an automated platform for trading that is able to integrate securely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is over 200% more than its target.
One of the main features of Coinrule is its user-friendly automated trading. The cryptocurrency markets can be very volatile and it can be hard for trader to keep up with the constantly changing charts. Coinrule lets traders create trading rules, and then analyzes the market and then makes trades that fit into their strategies. This allows traders to place their cryptocurrency trading up to run on autopilot, and not go through charts for hours.
Coinrule has integrated trading strategies that traders can pick from. There are more than 150 trading rules to pick from, making it easy for both novice and experienced traders to choose a strategy that works for them. Additionally, traders can pause rules at any point, and receive daily emails with trading signals to help them adapt their strategy to the market.
Another great feature of Coinrule is its backtesting capabilities. Investors can test their trading rules on historical market data using TradingView. They can choose the cryptocurrency they will be trading and the time frame they want to use as well as the strategy for trading to check how many trades the strategy opened and closed and also the net profit, percentage of profitability as well as the maximum drawdown and profit factor. This can be an effective method to boost confidence of traders in their trading strategies they develop.
Coinrule is also compatible with a variety of reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to connect Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels including Starter, Hobbyist Trader, and Pro, with different options for traders of all levels. Prices vary from $0 through $499.99 per month, and traders are able to pay either monthly or annually. The yearly plans offer discounts of up to 25 percent.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the next level. With features like automatized trading, integrated trading strategies, backtesting opportunities, and support for a variety of trusted trading platforms, Coinrule is a robust tool that can assist you in making the most of any trading plan.