The world of trading in cryptocurrency can be quite exciting, but it can also become time-consuming and stressful to many investors. This is the point where Coinrule is able to help. Coinrule is an automated trading tool that can help traders adhere to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It is easy to use, even for those with no programming experience, and offers a variety of options to boost your trading to the next level.
Coinrule was founded in 2017 in London by a team of blockchain and cryptocurrency enthusiasts. The company aims to make trading in cryptocurrencies more efficient by providing an automated platform for trading which can be integrated safely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, more than 200% above its target.
One of the main aspects of Coinrule is the easy-to-use automated trading system. The markets for cryptocurrency can be extremely volatile, and it is often hard for trader to keep up with constantly changing charts. Coinrule lets traders establish trading rules and then monitors the market and makes trades that are compatible with their plan of action. This means that traders can set their cryptocurrency trading to autopilot, and not spend hours poring over charts.
Coinrule also offers integrated trading strategies that traders can choose from. There are more than 150 rules to choose from which makes it simple for both experienced and novice traders to discover an approach that is suitable for them. Additionally, traders can pause rules at any point, and will be sent daily emails with signals for trading to help them adapt their strategies to market conditions.
Another wonderful feature of Coinrule is its backtesting opportunities. Investors can test their trading strategies based on historical market data using TradingView. You can choose the currency they intend to trade and the time frame they want to use, and the trading strategy and see how many trades the strategy has opened and closed in addition to its net profits, percentage of profit maximum drawdown, as well as the profit ratio. This can be an effective 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. So, traders are able to use Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers, Starter, Hobbyist, Pro, and Trader, offering different options to traders of all levels. Prices vary from $0 to $499.99 per month. traders can choose to pay monthly or annually. The yearly plans offer discounts of up to 25 percent.
Overall, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the next level. With features like automated trading, built-in strategies for trading as well as backtesting options, and support for a variety of trusted exchanges, Coinrule can be a powerful instrument that can help you make the most of any trading plan.