The world of trading cryptocurrency is quite thrilling, but it can also be time-consuming and overwhelming for many traders. This is the point where Coinrule comes in. Coinrule is an automated trading tool that can help traders stick to their crypto strategy without having to constantly keep track of the market. It is easy to use even for those without coding expertise, and comes with various options that will take you trading experience to next step.
Coinrule was founded in 2017 in London by a group of blockchain and cryptocurrency enthusiasts. The company aims to make trading in cryptocurrency easier by offering an automated platform for trading that is able to integrate securely 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. 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 strategies. This means that traders can place their cryptocurrency trading up to run on autopilot, and not go through charts for hours.
Coinrule has integrated trading strategies that investors can select from. There are more than 150 trading rules to pick from which makes it simple for both experienced and novice traders to discover an approach that is suitable for them. Additionally, traders can pause rules at any point, and receive daily emails that contain trading signals that can help them adjust their strategy according to the changing market.
Another great aspect of Coinrule is its backtesting opportunities. Traders can test out their trading strategies based by using historical market data in TradingView. You can choose the currency they intend to trade and the time frame they want to use, and the trading strategy and check how many trades the strategy has opened and closed and also its net profits, percentage of profit maximum drawdown, as well as profit factor. This can be a helpful instrument to increase a trader’s confidence in the trading rules they create.
Coinrule is also compatible with a variety of reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can integrate Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels including Starter, Hobbyist Trader, and Pro, with a variety of options for traders of all levels. Prices range from $0 through $499.99 per month. traders can choose to pay monthly or annually. The yearly plans offer discounts up to 25 percent.
All in all, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the highest possible level. With features such as automated trading, built-in strategies for trading, backtesting opportunities, and support for a variety of trusted trading platforms, Coinrule can be a powerful tool that will help you make the most out of the trading strategies you employ.