The world of trading in cryptocurrency is quite thrilling, but it can also become time-consuming and stressful to many investors. This is where Coinrule comes in. Coinrule is an automated trading tool that helps traders stick to their cryptocurrency strategy without having to constantly keep track of the market. It’s simple to use even for those without coding experience, and offers a variety of options to help you take trades to the next step.
Coinrule was founded in 2017 in London by a group of crypto and blockchain enthusiasts. The company aims at making trading cryptocurrencies less tedious by providing an automated trading platform that is able to integrate securely with multiple exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is over 200% more than its goal.
One of the main aspects of Coinrule is the easy-to-use automated trading system. The cryptocurrency markets can be very volatile and it can be difficult for traders to keep up with constantly changing charts. Coinrule lets traders establish trading rules and then examines the market and make trades that match their plan of action. This means that traders are able to set their cryptocurrency trading up to run on autopilot and not have to go through charts for hours.
Coinrule provides built-in trading strategies that traders can pick from. There are more than 150 trading rules to pick from which makes it simple for both experienced and novice traders to discover an approach that is suitable for them. In addition, traders can stop rules at any time, and will be sent daily emails with trading signals to help them adapt their strategies to market conditions.
Another excellent characteristic of Coinrule is its backtesting capabilities. Traders can test out their trading strategy on historical market data using TradingView. You can choose the currency they will be trading as well as the timeframe they wish to trade, and the trading strategy to check how many trades were opened and closed in addition to profits net, percentage of profit, maximum drawdown, and profit percentage. This can be an effective tool for increasing a trader’s confidence 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 any of these platforms.
Coinrule offers four pricing levels that include Starter, Hobbyist Pro, and Trader offering different options to traders at all levels. Prices range from $0 to $499.99 per month, and traders can choose to pay each month or annually. The annual plans can offer discounts up to 25%.
In the end, Coinrule offers a user-friendly and user-friendly experience that will boost your cryptocurrency trading experience to the highest possible level. With features like automatic trading and built-in trading strategies as well as backtesting options, and support for multiple trustworthy exchanges, Coinrule provides a reliable tool that will assist you in making the most out of any trading plan.