The world of cryptocurrency trading can be very exciting However, it can be time-consuming and overwhelming in the eyes of many trader. This is the point where Coinrule is able to help. Coinrule is an automated trading tool that can help traders stick to their crypto strategy without having to continuously be on the lookout for market trends. It’s simple to use even for those without coding knowledge, and provides various options to help you take trades to the next step.
Coinrule was founded in 2017 in London by a team of blockchain and cryptocurrency enthusiasts. The company’s mission is to make trading in cryptocurrencies less tedious by providing an automated trading platform that is able to integrate securely with various exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, more than 200% above its target.
One of the key advantages of Coinrule is its easy to use automated trading. The market for cryptocurrency is extremely volatile, and it can be difficult for traders to keep up with constantly changing charts. Coinrule lets traders establish trading rules and then analyzes the market and then makes trades that are compatible with their strategies. This allows traders to place their cryptocurrency trading to autopilot and not have to look over charts for hours.
Coinrule also offers built-in trading strategies that traders can select from. There are over 150 rules to choose from, making it easy for both novice and experienced traders to choose the best strategy for them. In addition, traders can stop rules at any point, and will be sent daily emails with trading signals which can assist them in adjusting their strategy to the market.
Another excellent feature of Coinrule is the possibility of backtesting. The traders can test their trading strategy by using historical market data in TradingView. You can choose the currency they plan to trade, the desired time frame as well as the strategy for trading, and then determine how many trades that the strategy has opened and closed and also the net profit, percentage of profit as well as the maximum drawdown and profit factor. This can be an effective tool for increasing confidence of traders in their trading strategies they develop.
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 connect Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels that include Starter, Hobbyist Pro, and Trader with a variety of options for traders at all levels. Prices vary from $0 and up to $499.99 per month, and traders have the option of paying either monthly or annually. Annual plans provide discounts up to 25%.
All in all, Coinrule offers a user-friendly and user-friendly experience that will boost your cryptocurrency trading experience 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 can be a powerful tool that will help you make the most of your trading strategy.