The world of trading cryptocurrency can be quite exciting, but it can also become time-consuming and stressful in the eyes of many trader. This is where Coinrule comes in. Coinrule is an automated trading tool that can help traders stick to their crypto strategy without the need to constantly monitor the markets. It is easy to use, even for those without coding expertise, and comes with various options to take your trading to the highest step.
Coinrule was founded in the year 2017 London by a team of cryptocurrency and blockchain enthusiasts. The company’s mission is to make trading in cryptocurrency 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 main features of Coinrule is its easy to use automated trading. The cryptocurrency markets can be very volatile and it is often difficult for traders to keep up with the ever-changing charts. Coinrule lets traders create trading rules, and then analyzes the market and then makes trades that are compatible with their strategies. This allows traders to set their cryptocurrency trading on autopilot and not look over charts for hours.
Coinrule has built-in trading strategies that traders can choose from. There are over 150 rules available that make it simple for both novice and experienced traders to choose an approach that is suitable for them. Furthermore, traders are able to pause rules at any time and will be sent daily emails with trading signals to help them adapt their strategy to the market.
Another excellent feature of Coinrule is its backtesting capabilities. Traders can test out their trading rules with historical market data by using TradingView. They can choose the cryptocurrency they will be trading and the time frame they want to use, and the trading strategy and determine how many trades that the strategy opened and closed, as well as profits net, percentage of profitability, maximum drawdown, and profit factor. This can be a helpful instrument to increase the trust of traders in the trading rules they design.
Coinrule also supports multiple trustworthy exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to use Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers including Starter, Hobbyist Pro, and Trader offering different options to traders at all levels. Prices range from $0 to $499.99 per month. traders can choose to pay each month or annually. The yearly plans offer discounts up to 25%.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the next level. With features like automated trading, built-in trading strategies as well as backtesting options, and the ability to support multiple trusted exchanges, Coinrule provides a reliable tool that can assist you in making the most of the trading strategies you employ.