The world of trading cryptocurrency is quite thrilling however, it can become time-consuming and stressful to many investors. This is the point where Coinrule is able to help. Coinrule provides an efficient trading tool that helps traders stick to their cryptocurrency strategy without having to constantly monitor the markets. It’s simple to use even for those with no programming knowledge, and provides various options that will take trades to the next level.
Coinrule was founded in 2017 in London by a team of cryptocurrency and blockchain enthusiasts. The company’s mission is create a system that makes trading cryptocurrencies easier by offering an automated trading platform which can be integrated safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than its target.
One of the main advantages of Coinrule is its user-friendly automated trading. The market for cryptocurrency is highly volatile and it is often difficult for traders to keep up with constantly changing charts. Coinrule lets traders establish trading rules and then examines the market and make trades that are compatible with their strategies. This allows traders to set their cryptocurrency trading to autopilot, and not go through charts for hours.
Coinrule has integrated trading strategies that traders can select from. There are over 150 rules to choose from which makes it simple for both new and experienced traders to find an approach that is suitable for them. Furthermore, traders are able to pause rules at any time and will be sent daily emails that contain trading signals to help them adapt their strategy according to the changing market.
Another great characteristic of Coinrule is the possibility of backtesting. The traders 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, and the trading strategy, and then see how many trades the strategy has opened and closed in addition to its net profits, the percentage of profitability maximum drawdown, as well as profit percentage. This can be a helpful method to boost a trader’s confidence in their trading strategies they develop.
Coinrule has also been able to work with several reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can connect Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Trader, and Pro, with different options for traders of all levels. Prices range from $0 through $499.99 per month, and 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 elevate your trading in cryptocurrency to the highest level. With features such as automatic trading and built-in trading strategies, backtesting opportunities, and support for a variety of trusted exchanges, Coinrule provides a reliable tool that will aid you in making the most out of the trading strategies you employ.