The world of cryptocurrency trading is quite thrilling however, it can become time-consuming and stressful to many investors. This is where Coinrule comes in. Coinrule is an automated trading tool that can help traders stick to their crypto strategy without the need to constantly monitor the markets. It is easy to use even for those without coding knowledge, and provides various options that will help you take trades to the next step.
Coinrule was founded in 2017 in London by a group of blockchain and cryptocurrency enthusiasts. The company aims create a system that makes trading 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, more than 200% above its target.
One of the most important aspects of Coinrule is the easy to use automated trading. The markets for cryptocurrency can be extremely volatile, and it is often challenging for investors to stay up with the ever-changing charts. Coinrule allows traders to establish trading rules and then monitors the market and makes trades that are compatible with their plan of action. This means that traders can place their cryptocurrency trading on autopilot and not have to look over charts for hours.
Coinrule also offers integrated trading strategies that traders can select from. There are over 150 trading rules to pick from, making it easy for both experienced and novice traders to choose an approach that is suitable for them. In addition, traders can stop rules at any point, and receive daily emails with signals for trading to help them adapt their strategy according to the changing market.
Another great feature of Coinrule is its backtesting capabilities. Traders can test out their trading rules with historical market data by using TradingView. They can select the coin they intend to trade and the time frame they want to use as well as the strategy for trading and check how many trades were opened and closed, as well as profits net, percentage of profitability maximum drawdown, as well as the profit ratio. This can be a helpful method to boost confidence of traders in the trading rules they design.
Coinrule also supports multiple trustworthy exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can connect Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers that include Starter, Hobbyist Pro, and Trader, with a variety of options for traders of all levels. Prices range from $0 to $499.99 per month. traders are able to pay either monthly or annually. Annual plans provide discounts up to 25 percent.
Overall, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the next level. With features such as automated trading, built-in strategies for trading as well as backtesting options, and support for multiple trustworthy exchanges, Coinrule is a robust instrument that can help you make the most of the trading strategies you employ.