The world of trading in cryptocurrency is quite thrilling however, it can become time-consuming and stressful to many investors. This is the point where Coinrule comes in. Coinrule can be described as an automatic tool for trading that helps traders stick to their cryptocurrency strategy without having to constantly keep track of the market. It is easy to use, even for those with no programming expertise, and comes with a variety of options to take your trading to the highest step.
Coinrule was established in 2017 in London by a group of blockchain and cryptocurrency enthusiasts. The company aims at making trading cryptocurrencies easier by offering an automated platform for trading that is able to integrate securely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, more than 200% above its goal.
One of the key aspects of Coinrule is the easy-to-use automated trading system. The market for cryptocurrency is highly volatile and it can be difficult for traders to keep track of the constantly changing charts. Coinrule lets traders create trading rules, and then monitors the market and makes trades that match their plan of action. This means that traders can place their cryptocurrency trading to autopilot, and not spend hours poring over charts.
Coinrule also offers integrated trading strategies that investors can pick from. There are over 150 trading rules to pick from which makes it simple for both experienced and novice traders to discover the best strategy for them. Furthermore, traders are able to pause rules at any time and will be sent daily emails with signals for trading which can assist them in adjusting their strategies to market conditions.
Another wonderful characteristic of Coinrule is its backtesting capabilities. The traders can test their trading rules with historical market data by using TradingView. You can choose the currency they intend to trade, the desired time frame as well as the strategy for trading and see how many trades the strategy has opened and closed in addition to its net profits, the percentage of profitability, maximum drawdown, and the profit ratio. This is a useful method to boost a trader’s confidence in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges, such as 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, Starter, Hobbyist, Pro, and Trader offering different options to traders at all levels. Prices vary from $0 through $499.99 per month. traders have the option of paying each month or annually. The yearly plans offer discounts up to 25%.
Overall, Coinrule offers a user-friendly and user-friendly experience that will boost your cryptocurrency trading experience 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 trading platforms, Coinrule provides a reliable tool that will help you make the most out of any trading plan.