The world of trading in cryptocurrency can be very exciting however, it can be time-consuming and overwhelming in the eyes of many trader. This is where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders stick 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 expertise, and comes with various options that will help you take your trading to the highest step.
Coinrule was established in the year 2017 , in London by a team of blockchain and cryptocurrency enthusiasts. The company aims to make trading in cryptocurrency 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) on Seedrs, greater than 200% over the amount it had set for.
One of the main advantages of Coinrule is its easy-to-use automated trading system. The market for cryptocurrency is very volatile and it can be difficult for traders to keep track of the ever-changing charts. Coinrule lets traders establish trading rules and then monitors the market and makes trades that fit into their strategies. This means that traders are able to place their cryptocurrency trading to autopilot, and not spend hours poring over charts.
Coinrule has integrated trading strategies that traders can choose from. There are more than 150 rules to choose from that make it simple for both experienced and novice traders to find a strategy that works for them. Furthermore, traders are able to pause rules at any time, and they will receive free daily emails with signals for trading which can assist them in adjusting their strategies to market conditions.
Another wonderful characteristic of Coinrule is the possibility of backtesting. Investors can test their trading rules by using historical market data in TradingView. You can choose the currency they intend to trade and the time frame they want to use, and the trading strategy to check how many trades were opened and closed, as well as its net profits, the percentage of profit maximum drawdown, as well as profit percentage. This can be an effective tool for increasing confidence of traders in the trading rules they design.
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 levels including Starter, Hobbyist Trader, and Pro, with different options for traders at all levels. Prices vary from $0 and up to $499.99 per month, and traders have the option of paying monthly or annually. Annual plans provide discounts of up to 25%.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the next level. With features such as automated trading, built-in strategies for trading with backtesting capabilities, as well as support for multiple trustworthy exchanges, Coinrule can be a powerful tool that can help you make the most of your trading strategy.