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 can help traders adhere to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It’s easy to use, even for those with no programming knowledge, and provides various features that can help you take your trading to the next step.
Coinrule was founded in the year 2017 London by a group of cryptocurrency and blockchain enthusiasts. The company’s mission is create a system that makes trading cryptocurrencies easier by offering an automated trading platform that is able to integrate securely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, more than 200% above its goal.
One of the key advantages of Coinrule is its 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 ever-changing charts. Coinrule lets traders create trading rules, and then monitors the market and makes trades that match their strategy. This allows traders to set their cryptocurrency trading on autopilot, and not go through 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 novice and experienced traders to discover a strategy that works for them. Furthermore, traders are able to pause rules at any point, and will be sent daily emails that contain trading signals which can assist them in adjusting their strategies to market conditions.
Another great feature of Coinrule is its backtesting capabilities. The traders can test their trading rules with historical market data by using TradingView. They can select the coin they intend to trade and the time frame they want to use as well as the strategy for trading, and then determine how many trades that the strategy opened and closed, as well as profits net, the percentage of profitability maximum drawdown, as well as the profit ratio. This can be a helpful instrument to increase a trader’s confidence in the trading rules they create.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can use Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers including Starter, Hobbyist Pro, and Trader, with a variety of options for traders at all levels. Prices start at $0 and go up through $499.99 per month. traders can choose to pay 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 boost your cryptocurrency trading experience to the next level. With features like automatic trading and built-in strategies for trading, backtesting opportunities, and the ability to support multiple trusted exchanges, Coinrule can be a powerful tool that will help you make the most of any trading plan.