The world of trading in cryptocurrency can be quite exciting however, it can become time-consuming and stressful in the eyes of many trader. This is the point where Coinrule is able to help. Coinrule is an automated trading tool that helps traders adhere to their cryptocurrency strategy without the need to constantly monitor the markets. It is easy to use even for those without coding knowledge, and provides a variety of options that will take your trading to the next level.
Coinrule was established in the year 2017 London by a group of cryptocurrency and blockchain enthusiasts. Its goal is to make trading in cryptocurrencies easier by offering an automated platform for trading which can be integrated safely 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 most important features of Coinrule is its easy-to-use automated trading system. The markets for cryptocurrency can be very volatile and it can be hard for trader to keep track of the constantly changing charts. Coinrule lets traders create trading rules, and then examines the market and make trades that match their strategy. This means that traders can place their cryptocurrency trading up to run on autopilot and not go through charts for hours.
Coinrule provides integrated trading strategies that traders can select from. There are more than 150 trading rules to pick from that make it simple for both experienced and novice traders to choose an approach that is suitable for them. Additionally, traders can 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 the possibility of backtesting. The traders can test their trading strategy with historical market data by using TradingView. You can choose the currency they plan to trade as well as the timeframe they wish to trade and trading strategy and see how many trades the strategy has opened and closed and also the net profit, the percentage of profit as well as the maximum drawdown and profit factor. This is a useful tool for increasing confidence of traders in the trading rules they create.
Coinrule also supports multiple trustworthy exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can integrate Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers that include Starter, Hobbyist Trader, and Pro, with different options for traders of all levels. Prices start at $0 and go up and up to $499.99 per month, and traders are able to pay monthly or annually. Annual plans provide discounts up to 25%.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the highest level. With features such as automated trading, built-in trading strategies with backtesting capabilities, as well as the ability to support multiple trusted exchanges, Coinrule can be a powerful tool that can help you make the most out of the trading strategies you employ.