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 comes in. Coinrule can be described as an automatic trading tool that helps traders stick to their cryptocurrency strategy without having to continuously monitor the markets. It’s simple to use, even for those without coding experience, and offers a variety of options that will boost trades to the next level.
Coinrule was founded in 2017 in London by a group of blockchain and cryptocurrency enthusiasts. The company’s mission is create a system that makes trading cryptocurrencies less tedious by providing an automated platform for trading that is able to integrate securely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, greater than 200% over its target.
One of the most important features of Coinrule is its user-friendly automated trading. The markets for cryptocurrency can be very volatile and it can be challenging for investors to stay up with ever-changing charts. Coinrule allows traders to establish trading rules and then monitors the market and makes trades that match their strategies. This allows traders to place their cryptocurrency trading on autopilot, and not go through charts for hours.
Coinrule has integrated trading strategies that traders can select from. There are more than 150 rules to choose from, making it easy for both experienced and novice traders to choose the best strategy for them. Additionally, traders can pause rules at any time, and will be sent daily emails with trading signals to help them adapt their strategy according to the changing market.
Another excellent feature of Coinrule is its backtesting opportunities. The traders can test their trading strategy on historical market data using TradingView. They can choose the cryptocurrency they will be trading as well as the timeframe they wish to trade as well as the strategy for trading, and then check how many trades were opened and closed and also the net profit, percentage of profitability maximum drawdown, as well as profit percentage. This is a useful tool for increasing a trader’s confidence in the trading rules they create.
Coinrule is also compatible with a variety of reliable exchanges, such as 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 that include Starter, Hobbyist Trader, and Pro, offering different options to traders at all levels. Prices vary from $0 and up to $499.99 per month. traders are able to pay either monthly or annually. Annual plans provide discounts of up to 25%.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the next level. With features such as automated trading, built-in strategies for trading, backtesting opportunities, and the ability to support multiple trusted trading platforms, Coinrule can be a powerful tool that will help you make the most out of your trading strategy.