The world of trading cryptocurrency can be very exciting, but it can also be time-consuming and overwhelming to many investors. This is the point where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders stick to their cryptocurrency strategy without having to constantly keep track of the market. It’s easy to use even for those without coding expertise, and comes with many options that will take trades to the next level.
Coinrule was established in the year 2017 in London by a team of cryptocurrency and blockchain enthusiasts. The company’s mission is at making trading cryptocurrencies more efficient by providing an automated trading platform that is able to integrate securely with several exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is over 200% more than the amount it had set for.
One of the key aspects of Coinrule is the easy to use automated trading. The markets for cryptocurrency can be extremely volatile, and it is often hard for trader to keep track of the constantly changing charts. Coinrule allows traders to create trading rules, and then examines the market and make trades that are compatible with their strategies. This means that traders can place their cryptocurrency trading up to run on autopilot and not have to look over charts for hours.
Coinrule has built-in trading strategies that traders can pick from. There are over 150 trading rules to pick from that make it simple for both experienced and novice traders to choose an approach that is suitable for them. Additionally, traders can 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 wonderful characteristic of Coinrule is the possibility of backtesting. Investors can test their trading strategy on historical market data using TradingView. They can select the coin they intend to trade as well as the timeframe they wish to trade as well as the strategy for trading, and then check how many trades the strategy opened and closed, as well as the net profit, the percentage of profitability as well as the maximum drawdown and profit percentage. This is a useful instrument to increase a trader’s confidence in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can connect Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels, Starter, Hobbyist, Pro, and Trader, offering different options to traders of all levels. Prices range from $0 to $499.99 per month. traders can choose to pay either monthly or annually. The yearly plans offer discounts of up to 25%.
In the end, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the next level. With features such as automatized trading, integrated trading strategies with backtesting capabilities, as well as the ability to support multiple trusted trading platforms, Coinrule is a robust tool that can aid you in making the most of the trading strategies you employ.