The world of trading in cryptocurrency can be quite exciting However, it can be time-consuming and overwhelming 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 constantly be on the lookout for market trends. It’s simple to use even for those without coding knowledge, and provides a variety of features that can take trades to the next step.
Coinrule was established in 2017 in London by a team of crypto and blockchain enthusiasts. The company’s mission is create a system that makes trading cryptocurrency more efficient by providing an automated trading platform that can integrate safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, greater than 200% over its goal.
One of the main advantages of Coinrule is its easy-to-use automated trading system. The cryptocurrency markets can be very volatile and it is often hard for trader to keep up with the constantly changing charts. Coinrule lets traders create trading rules, and then monitors the market and makes trades that are compatible with their strategy. This allows traders to place their cryptocurrency trading up to run on autopilot and not go through charts for hours.
Coinrule has integrated trading strategies that traders can select from. There are more than 150 trading rules to pick from, making it easy for both novice and experienced traders to choose the best strategy for them. Furthermore, traders are able to pause rules at any time and they will receive free daily emails that contain trading signals to help them adapt their strategy to the market.
Another great feature of Coinrule is its backtesting opportunities. The traders can test 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 and check how many trades the strategy has opened and closed, as well as its net profits, percentage of profit, maximum drawdown, and profit percentage. This can be a helpful instrument to increase confidence of traders in the trading rules they design.
Coinrule also supports multiple trustworthy exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can connect Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers including 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 can choose to pay either monthly or annually. The annual plans can offer discounts up to 25%.
Overall, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the next level. With features such as automatized trading, integrated strategies for trading, backtesting opportunities, and the ability to support multiple trusted exchanges, Coinrule can be a powerful instrument that can aid you in making the most out of any trading plan.