The world of trading in cryptocurrency can be quite exciting however, it can become time-consuming and stressful in the eyes of many trader. This is the point where Coinrule comes in. Coinrule is an automated tool for trading that helps traders adhere to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It is easy to use, even for those with no programming expertise, and comes with various features that can take your trading to the next level.
Coinrule was established in the year 2017 , in London by a group of cryptocurrency and blockchain enthusiasts. The company aims at making trading cryptocurrency more efficient by providing an automated platform for trading which can be integrated safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than its target.
One of the most important features of Coinrule is its easy-to-use automated trading system. The markets for cryptocurrency can be highly volatile and it is often challenging for investors to stay track of the ever-changing charts. Coinrule allows traders to set up trading rules and then analyzes the market and then makes trades that are compatible with their strategies. This means that traders are able to set their cryptocurrency trading to autopilot and not have to look over charts for hours.
Coinrule provides built-in trading strategies that traders can choose from. There are over 150 trading rules to pick from which makes it simple for both novice and experienced traders to discover an approach that is suitable 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 strategy according to the changing market.
Another great feature of Coinrule is its backtesting capabilities. Investors can test their trading strategy on historical market data 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 to check how many trades the strategy opened and closed and also its net profits, percentage of profitability as well as the maximum drawdown and profit factor. This can be an effective instrument to increase the trust of traders in the trading rules they design.
Coinrule also supports multiple trustworthy exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to use Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels including Starter, Hobbyist Trader, and Pro, with a variety of options for traders at all levels. Prices vary from $0 and up to $499.99 per month, and traders are able to pay each month or annually. The yearly plans offer discounts of up to percent.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the next level. With features such as automated trading, built-in strategies for trading as well as backtesting options, and support for a variety of trusted cryptocurrency exchanges Coinrule is a robust tool that will assist you in making the most out of your trading strategy.