The world of trading in cryptocurrency is quite thrilling However, it can become time-consuming and stressful for many traders. This is where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders stick to their cryptocurrency strategy without the need to constantly monitor the markets. It’s simple to use, even for people with no programming experience, and offers various features that can take your trading to the next step.
Coinrule was founded in 2017 in London by a team of crypto and blockchain enthusiasts. The company’s mission is create a system that makes trading cryptocurrency easier by offering an automated platform for trading that is able to integrate securely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than its target.
One of the key advantages of Coinrule is its user-friendly automated trading. The cryptocurrency markets can be highly volatile and it can be challenging for investors to stay track of the constantly changing charts. Coinrule lets traders establish trading rules and then examines the market and make trades that fit into their strategy. This means that traders are able to put their cryptocurrency trading on autopilot and not have to spend hours poring over charts.
Coinrule has built-in trading strategies that traders can select from. There are over 150 trading rules to pick from which makes it simple for both novice and experienced traders to choose the best strategy for them. Additionally, traders can pause rules at any time and receive daily emails with trading signals which can assist them in adjusting their strategies to market conditions.
Another great characteristic of Coinrule is its backtesting opportunities. The traders can test their trading rules by using historical market data in TradingView. They can choose the cryptocurrency they intend to trade as well as the timeframe they wish to trade, and the trading strategy and determine how many trades that were opened and closed and also its net profits, the percentage of profitability as well as the maximum drawdown and profit percentage. This can be a helpful instrument to increase the trust of traders in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to integrate Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels, Starter, Hobbyist, Pro, and Trader with a variety of options for traders of all levels. Prices start at $0 and go up and up to $499.99 per month, and traders can choose to pay either monthly or annually. Annual plans provide discounts up to 25 percent.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the highest level. With features such as automated trading, built-in strategies for trading as well as backtesting options, and the ability to support multiple trusted exchanges, Coinrule is a robust tool that can assist you in making the most out of your trading strategy.