The world of trading cryptocurrency is quite thrilling, but it can also be time-consuming and overwhelming in the eyes of many trader. This is where Coinrule is able to help. Coinrule is an automated tool for trading that helps traders adhere to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It’s simple to use, even for those without coding knowledge, and provides many features that can help you take trades to the next level.
Coinrule was established in 2017 , in London by a group of blockchain and cryptocurrency enthusiasts. The company’s mission is at making trading cryptocurrencies more efficient by providing an automated platform for trading that can integrate safely with various 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 aspects of Coinrule is the easy-to-use automated trading system. The markets for cryptocurrency can be very 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 plan of action. This means that traders can put their cryptocurrency trading up to run on autopilot, and not look over charts for hours.
Coinrule has built-in trading strategies that traders can pick from. There are over 150 rules available which makes it simple 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 they will receive free daily emails with trading signals which can assist them in adjusting their strategy according to the changing market.
Another excellent characteristic of Coinrule is its backtesting opportunities. Traders can test out their trading rules on historical market data using TradingView. They can choose the cryptocurrency they plan to trade, the desired time frame as well as the strategy for trading and determine how many trades that the strategy opened and closed and also the net profit, the percentage of profit, maximum drawdown, and the profit ratio. This can be an effective method to boost a trader’s confidence in their trading strategies they develop.
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 these platforms.
Coinrule offers four pricing tiers that include Starter, Hobbyist Pro, and Trader, with a variety of options for traders at all levels. Prices vary from $0 through $499.99 per month, and traders have the option of paying monthly or annually. The annual plans can offer discounts of up to 25 percent.
In the end, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the highest level. With features such as automated trading, built-in strategies for trading, backtesting opportunities, and the ability to support multiple trusted exchanges, Coinrule provides a reliable tool that can help you make the most of any trading plan.