The world of cryptocurrency trading is quite thrilling however, it can be time-consuming and overwhelming to many investors. This is where Coinrule is able to help. Coinrule can be described as an automatic trading tool that can help traders stick to their cryptocurrency strategy without the need to constantly monitor the markets. It’s simple to use even for those without coding experience, and offers many options that will take trades to the next level.
Coinrule was established in the year 2017 London by a group of cryptocurrency and blockchain enthusiasts. Its goal is create a system that makes trading cryptocurrency less tedious by providing an automated platform for trading which can be integrated safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is more than 200% above its target.
One of the most important advantages of Coinrule is its user-friendly automated trading. The cryptocurrency markets can be extremely volatile, and it is often difficult for traders to keep up with ever-changing charts. Coinrule lets traders create trading rules, and then analyzes the market and then makes trades that fit into their plan of action. This means that traders are able to put their cryptocurrency trading up to run on autopilot and not have to look over charts for hours.
Coinrule provides built-in trading strategies that traders can select from. There are over 150 trading rules to pick from, making it easy for both novice and experienced traders to discover an approach that is suitable for them. Additionally, traders can pause rules at any point, and they will receive free daily emails with trading signals to help them adapt their strategy to the market.
Another wonderful aspect of Coinrule is the possibility of backtesting. Traders can test out their trading rules on historical market data using TradingView. They can select the coin they intend to trade as well as the timeframe they wish to trade and trading strategy, and then see how many trades the strategy opened and closed and also its net profits, the percentage of profit as well as the maximum drawdown and profit factor. This can be an effective instrument to increase confidence of traders in their trading strategies they develop.
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 integrate Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers, Starter, Hobbyist, Pro, and Trader with a variety of options for traders at all levels. Prices start at $0 and go up to $499.99 per month, and traders have the option of paying either monthly or annually. The yearly plans offer discounts of up to 25 percent.
All in all, Coinrule offers a user-friendly and user-friendly experience that will take your cryptocurrency trading to the highest possible level. With features like automated trading, built-in trading strategies, backtesting opportunities, and the ability to support multiple trusted exchanges, Coinrule is a robust tool that will assist you in making the most of your trading strategy.