The world of trading in cryptocurrency is quite thrilling however, it can become time-consuming and stressful for many traders. This is the point where Coinrule comes in. Coinrule is an automated trading tool that can help traders adhere to their cryptocurrency strategy without having to constantly monitor the markets. It’s simple to use even for those without coding expertise, and comes with many options to take trades to the highest level.
Coinrule was established in the year 2017 in London by a team of blockchain and cryptocurrency enthusiasts. The company aims at making trading cryptocurrencies easier by offering 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, more than 200% above the amount it had set for.
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 challenging for investors to stay up with the ever-changing charts. Coinrule allows traders to create trading rules, and then monitors the market and makes trades that match their strategies. This allows traders to put their cryptocurrency trading up to run on autopilot and not look over charts for hours.
Coinrule provides integrated trading strategies that traders can pick from. There are over 150 rules available that make it simple for both new and experienced traders to choose the best strategy for them. Furthermore, traders are able to pause rules at any point, and will be sent daily emails with trading signals to help them adapt their strategy according to the changing market.
Another great feature of Coinrule is its backtesting opportunities. Investors can test their trading strategy on historical market data using TradingView. You can choose the currency they will be trading as well as the timeframe they wish to trade as well as the strategy for trading, and then see how many trades were opened and closed and also its net profits, percentage of profitability as well as the maximum drawdown and the profit ratio. This is a useful tool for increasing the trust of traders in the trading rules they create.
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 use Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels, Starter, Hobbyist, Trader, and Pro, with a variety of options for traders at all levels. Prices start at $0 and go up to $499.99 per month, and traders are able 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 elevate your trading in cryptocurrency to the highest possible level. With features like automated trading, built-in trading strategies with backtesting capabilities, as well as the ability to support multiple trusted exchanges, Coinrule is a robust instrument that can help you make the most out of any trading plan.