The world of trading cryptocurrency can be quite exciting, but it can also become time-consuming and stressful to many investors. This is where Coinrule comes in. Coinrule can be described as an automatic trading tool that can help traders adhere to their cryptocurrency strategy without having to continuously monitor the markets. It’s easy to use, even for those with no programming expertise, and comes with many options to take you trading experience to next step.
Coinrule was established in the year 2017 in London by a group of blockchain and cryptocurrency enthusiasts. The company aims to make trading in cryptocurrency more efficient by providing an automated platform for trading that can integrate safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is more than 200% above its target.
One of the main aspects of Coinrule is the user-friendly automated trading. The market for cryptocurrency is extremely volatile, and it is often challenging for investors to stay track of the ever-changing charts. Coinrule allows traders to establish trading rules and then analyzes the market and then makes trades that fit into their strategies. This means that traders are able to place their cryptocurrency trading on autopilot, and not look over charts for hours.
Coinrule has integrated trading strategies that investors can select from. There are more than 150 rules available, making it easy for both novice and experienced traders to find the best strategy for them. In addition, traders can stop rules at any point, and they will receive free daily emails with trading signals to help them adapt their strategy according to the changing market.
Another excellent characteristic of Coinrule is its backtesting capabilities. Traders can test out their trading rules by using historical market data in 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 and also the net profit, percentage of profitability, maximum drawdown, and profit percentage. This can be a helpful tool for increasing confidence of traders in the trading rules they create.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to connect Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels that include Starter, Hobbyist Pro, and Trader with different options for traders at all levels. Prices start at $0 and go up through $499.99 per month. traders have the option of paying either monthly or annually. Annual plans provide discounts of up to 25 percent.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the highest possible level. With features such as automated trading, built-in trading strategies as well as backtesting options, and support for multiple trustworthy exchanges, Coinrule is a robust tool that can assist you in making the most out of the trading strategies you employ.