The world of trading in cryptocurrency can be very exciting however, it can be time-consuming and overwhelming for many traders. This is the point where Coinrule is able to help. Coinrule provides an efficient tool for trading that helps traders adhere to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It’s easy to use, even for people with no programming expertise, and comes with many features that can boost your trading to the highest step.
Coinrule was established in 2017 in London by a team of cryptocurrency and blockchain enthusiasts. Its goal is create a system that makes trading cryptocurrency easier by offering an automated platform for trading that can integrate safely 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 aspects of Coinrule is the easy to use automated trading. The market for cryptocurrency is very volatile and it is often hard for trader to keep up with the constantly changing charts. Coinrule allows traders to establish trading rules and then monitors the market and makes trades that match their strategy. This allows traders to place their cryptocurrency trading to autopilot, and not look over charts for hours.
Coinrule also offers built-in trading strategies that traders can pick from. There are more than 150 rules to choose from, making it easy for both new and experienced traders to find an approach that is suitable for them. Additionally, traders can pause rules at any point, and receive daily emails with signals for trading to help them adapt their strategies to market conditions.
Another excellent characteristic of Coinrule is the possibility of backtesting. Traders can test out their trading rules on historical market data using TradingView. You can choose the currency they will be trading, the desired time frame and trading strategy to see how many trades the strategy has opened and closed in addition to its net profits, percentage of profit maximum drawdown, as well as profit factor. This is a useful tool for increasing a trader’s confidence in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can connect Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers including Starter, Hobbyist Pro, and Trader, offering different options to traders of all levels. Prices start at $0 and go up through $499.99 per month, and traders have the option of paying monthly or annually. The annual plans can offer discounts of up to 25%.
Overall, Coinrule offers a user-friendly and user-friendly experience that will elevate your trading in cryptocurrency to the highest level. With features like automated trading, built-in strategies for trading, backtesting opportunities, and support for multiple trustworthy exchanges, Coinrule provides a reliable tool that will aid you in making the most of the trading strategies you employ.