The world of trading cryptocurrency is quite thrilling, but it can also be time-consuming and overwhelming to many investors. This is the point where Coinrule is able to help. Coinrule can be described as an automatic tool for trading that helps traders adhere to their cryptocurrency strategy without having to constantly monitor the markets. It is easy to use, even for those without coding experience, and offers various features that can take your trading to the highest step.
Coinrule was established in the year 2017 , in London by a team of cryptocurrency and blockchain enthusiasts. The company’s mission is to make trading in cryptocurrency more efficient by providing an automated trading platform that is able to integrate securely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than its target.
One of the key advantages of Coinrule is its user-friendly automated trading. The markets for cryptocurrency can be very volatile and it is often difficult for traders to keep up with constantly changing charts. Coinrule lets traders set up trading rules and then monitors the market and makes trades that fit into their plan of action. This allows traders to set their cryptocurrency trading to autopilot and not have to go through charts for hours.
Coinrule also offers built-in trading strategies that traders can choose from. There are more than 150 rules to choose from that make it simple for both novice and experienced traders to discover a strategy that works for them. Additionally, traders can pause rules at any time, and will be sent daily emails with signals for trading to help them adapt their strategies to market conditions.
Another great characteristic of Coinrule is the possibility of backtesting. The traders can test their trading strategies based with historical market data by using TradingView. You can choose the currency they intend to trade and the time frame they want to use and trading strategy, and then see how many trades the strategy opened and closed in addition to profits net, the percentage of profitability as well as the maximum drawdown and the profit ratio. This can be an effective tool for increasing the trust of traders in the trading rules they create.
Coinrule has also been able to work with several reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to integrate Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing levels that include Starter, Hobbyist Pro, and Trader with a variety of options for traders of all levels. Prices range from $0 through $499.99 per month, and traders can choose to pay monthly or annually. The annual plans can offer discounts of up to percent.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the next level. With features such as automatized trading, integrated trading strategies with backtesting capabilities, as well as the ability to support multiple trusted exchanges, Coinrule provides a reliable tool that can aid you in making the most of the trading strategies you employ.