The world of cryptocurrency trading can be quite exciting however, it can become time-consuming and stressful to many investors. This is where Coinrule comes in. Coinrule can be described as an automatic trading tool that helps traders stick to their cryptocurrency strategy without having to constantly monitor the markets. It is easy to use, even for those without coding knowledge, and provides a variety of features that can help you take you trading experience to next level.
Coinrule was founded in 2017 in London by a team of crypto and blockchain enthusiasts. The company aims create a system that makes trading cryptocurrencies more efficient by providing an automated platform for trading that is able to integrate securely with several exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than its target.
One of the most important advantages of Coinrule is its user-friendly automated trading. The markets for cryptocurrency can be highly volatile and it can be hard for trader to keep track of the ever-changing charts. Coinrule lets traders create trading rules, and then analyzes the market and then makes trades that match their strategy. This means that traders can set their cryptocurrency trading up to run on autopilot, and not look over charts for hours.
Coinrule also offers built-in trading strategies that traders can choose from. There are more than 150 rules to choose from, making it easy for both new and experienced traders to discover an approach that is suitable for them. Additionally, traders can pause rules at any point, and receive daily emails with trading signals to help them adapt their strategy according to the changing market.
Another wonderful aspect of Coinrule is its backtesting opportunities. Traders can test out their trading strategies based with historical market data by using TradingView. They can select the coin they intend to trade, the desired time frame, and the trading strategy to check how many trades the strategy opened and closed in addition to profits net, the percentage of profit as well as the maximum drawdown and profit percentage. This can be a helpful tool for increasing a trader’s confidence 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 connect Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers including Starter, Hobbyist Pro, and Trader offering different options to traders of all levels. Prices vary from $0 to $499.99 per month. traders are able to pay each month or annually. Annual plans provide discounts of up to 25 percent.
All in all, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the next level. With features such as automatic trading and built-in strategies for trading with backtesting capabilities, as well as support for multiple trustworthy trading platforms, Coinrule provides a reliable instrument that can aid you in making the most of the trading strategies you employ.