The world of cryptocurrency trading can be very exciting however, it can become time-consuming and stressful for many traders. This is the point where Coinrule comes in. Coinrule is an automated tool for trading that helps traders adhere to their cryptocurrency strategy without having to constantly monitor the markets. It’s simple to use even for those without coding experience, and offers many options to take your trading to the next step.
Coinrule was founded in 2017 in London by a group of crypto and blockchain enthusiasts. The company aims at making trading cryptocurrencies less tedious by providing an automated trading platform that can integrate safely with several exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is more than 200% above its goal.
One of the most important advantages of Coinrule is its user-friendly automated trading. The market for cryptocurrency is very volatile and it is often difficult for traders to keep up with the ever-changing charts. Coinrule lets traders establish trading rules and then examines the market and make trades that match their plan of action. This means that traders are able to put their cryptocurrency trading to autopilot and not have to spend hours poring over charts.
Coinrule has integrated trading strategies that investors can select from. There are over 150 rules to choose from which makes it simple for both novice and experienced traders to find the best strategy for them. Furthermore, traders are able to pause rules at any time and receive daily emails with signals for trading that can help them adjust their strategy according to the changing market.
Another great aspect of Coinrule is its backtesting opportunities. Traders can test out their trading rules with historical market data by using TradingView. They can select the coin they intend to trade as well as the timeframe they wish to trade, and the trading strategy to determine how many trades that the strategy has opened and closed and also its net profits, percentage of profitability as well as the maximum drawdown and profit percentage. This is a useful instrument to increase confidence of traders in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can use Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels, Starter, Hobbyist, Pro, and Trader offering different options to traders at all levels. Prices start at $0 and go up through $499.99 per month, and traders can choose to pay either monthly or annually. The annual plans can offer discounts of up to%.
Overall, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the next level. With features like automatized trading, integrated trading strategies with backtesting capabilities, as well as support for a variety of trusted exchanges, Coinrule can be a powerful tool that will assist you in making the most out of any trading plan.