The world of cryptocurrency trading can be very exciting, but it can also be time-consuming and overwhelming in the eyes of many trader. This is where Coinrule comes in. Coinrule is an automated tool for trading that helps traders adhere to their cryptocurrency strategy without the need to constantly monitor the markets. It’s simple to use even for those without coding expertise, and comes with many options that will help you take your trading to the highest step.
Coinrule was established in 2017 in London by a group of blockchain and cryptocurrency enthusiasts. The company aims to make trading in cryptocurrencies more efficient by providing an automated trading platform which can be integrated safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, more than 200% above its target.
One of the most important aspects of Coinrule is the user-friendly automated trading. The market for cryptocurrency is very volatile and it can be challenging for investors to stay track of the ever-changing charts. Coinrule lets traders create trading rules, and then monitors the market and makes trades that fit into their strategies. This allows traders to place their cryptocurrency trading to autopilot, and not spend hours poring over charts.
Coinrule also offers built-in trading strategies that traders can pick from. There are more than 150 rules available that make it simple for both novice and experienced traders to find the best strategy for them. Additionally, traders can pause rules at any point, and they will receive free daily emails with trading signals to help them adapt their strategy according to the changing market.
Another great characteristic of Coinrule is its backtesting capabilities. Investors can test their trading rules on historical market data using TradingView. They can choose the cryptocurrency they will be trading and the time frame they want to use as well as the strategy for trading to see how many trades were opened and closed and also its net profits, percentage of profitability, maximum drawdown, and the profit ratio. This can be an effective method to boost confidence 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 use Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels, Starter, Hobbyist, Pro, and Trader, offering different options to traders at all levels. Prices range from $0 through $499.99 per month. traders can choose to pay either monthly or annually. Annual plans provide discounts of up to 25 percent.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the highest level. With features such as automated trading, built-in strategies for trading with backtesting capabilities, as well as the ability to support multiple trusted cryptocurrency exchanges Coinrule is a robust tool that can assist you in making the most of the trading strategies you employ.