The world of cryptocurrency trading can be very exciting however, it can become time-consuming and stressful to many investors. This is the point where Coinrule is able to help. Coinrule is an automated tool for trading that helps traders stick to their cryptocurrency strategy without having to continuously monitor the markets. It is easy to use, even for those without coding expertise, and comes with various options that will take your trading to the next step.
Coinrule was established in the year 2017 in London by a group of crypto and blockchain enthusiasts. The company aims create a system that makes trading cryptocurrencies less tedious by providing an automated platform for trading that can integrate safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is more than 200% above its goal.
One of the main features of Coinrule is its user-friendly automated trading. The market for cryptocurrency is very volatile and it can be challenging for investors to stay up with constantly changing charts. Coinrule allows traders to create trading rules, and then monitors the market and makes trades that fit into their plan of action. This means that traders are able to put their cryptocurrency trading on autopilot and not have to look over charts for hours.
Coinrule has integrated trading strategies that investors can choose from. There are more than 150 rules to choose from, making it easy for both novice and experienced traders to discover the best strategy for them. Furthermore, traders are able to pause rules at any time, and will be sent daily emails that contain trading signals to help them adapt their strategy to the market.
Another great characteristic of Coinrule is the possibility of backtesting. The traders can test their trading strategy by using historical market data in TradingView. They can choose the cryptocurrency they will be trading as well as the timeframe they wish to trade, and the trading strategy, and then check how many trades the strategy opened and closed, as well as the net profit, the percentage of profitability, maximum drawdown, and profit percentage. This can be an effective instrument to increase 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 integrate Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers that include Starter, Hobbyist Pro, and Trader, with different options for traders at all levels. Prices start at $0 and go up and up to $499.99 per month. traders have the option of paying each month or annually. Annual plans provide discounts of up to percent.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the next level. With features such as automatic trading and built-in strategies for trading, backtesting opportunities, and the ability to support multiple trusted exchanges, Coinrule can be a powerful instrument that can assist you in making the most out of any trading plan.