The world of cryptocurrency trading is quite thrilling however, it can be time-consuming and overwhelming for many traders. This is the point where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders adhere to their cryptocurrency strategy without having to constantly keep track of the market. It’s simple to use even for those without coding knowledge, and provides a variety of options that will take your trading to the next step.
Coinrule was founded in the year 2017 London by a team of cryptocurrency and blockchain enthusiasts. Its goal is to make trading in cryptocurrency less tedious by providing an automated trading platform that can integrate safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is greater than 200% over its goal.
One of the key aspects of Coinrule is the user-friendly automated trading. The market for cryptocurrency is very volatile and it can be difficult for traders to keep track of the constantly changing charts. Coinrule lets traders set up trading rules and then examines the market and make trades that are compatible with their strategies. This means that traders are able to place their cryptocurrency trading up to run on autopilot and not have to look over charts for hours.
Coinrule has built-in trading strategies that traders can select from. There are more than 150 rules to choose from which makes it simple for both new and experienced traders to discover a strategy that works for them. In addition, traders can stop rules at any time and they will receive free daily emails that contain trading signals to help them adapt their strategy according to the changing market.
Another excellent aspect of Coinrule is its backtesting capabilities. Traders can test out their trading rules on historical market data using TradingView. You can choose the currency they plan to trade as well as the timeframe they wish to trade and trading strategy to determine how many trades that the strategy has opened and closed, as well as the net profit, the percentage of profit maximum drawdown, as well as the profit ratio. This is a useful tool for increasing the trust of traders 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 any of these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Pro, and Trader, offering different options to traders at all levels. Prices vary from $0 and up to $499.99 per month, and traders can choose to pay each month or annually. The yearly plans offer discounts up to 25%.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the highest level. With features such as automatic trading and built-in strategies for trading, backtesting opportunities, and the ability to support multiple trusted cryptocurrency exchanges Coinrule can be a powerful instrument that can aid you in making the most of the trading strategies you employ.