The world of trading in cryptocurrency can be very exciting however, it can be time-consuming and overwhelming to many investors. This is where Coinrule comes in. Coinrule is an automated tool for trading that helps traders stick to their cryptocurrency strategy without having to constantly monitor the markets. It is easy to use, even for those without coding knowledge, and provides various options that will help you take trades to the next step.
Coinrule was established in 2017 in London by a group of blockchain and cryptocurrency enthusiasts. Its goal is at making trading cryptocurrency more efficient by providing an automated platform for trading which can be integrated safely with multiple exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is greater than 200% over its target.
One of the key advantages of Coinrule is its easy to use automated trading. The markets for cryptocurrency can be highly volatile and it can be difficult for traders to keep track of the ever-changing charts. Coinrule allows traders to create trading rules, and then examines the market and make trades that fit into their strategy. This means that traders are able to place their cryptocurrency trading on autopilot, and not look over charts for hours.
Coinrule provides integrated trading strategies that investors can choose from. There are over 150 rules to choose from which makes it simple for both experienced and novice traders to choose an approach that is suitable for them. In addition, traders can stop rules at any point, and receive daily emails that contain trading signals that can help them adjust their strategy according to the changing market.
Another great feature of Coinrule is its backtesting capabilities. Traders can test out 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 as well as the strategy for trading, and then check how many trades were opened and closed in addition to profits net, percentage of profit, maximum drawdown, and profit factor. This is a useful tool for increasing confidence of traders in the trading rules they design.
Coinrule is also compatible with a variety of reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to use Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers that include Starter, Hobbyist Pro, and Trader with a variety of options for traders of all levels. Prices start at $0 and go up and up to $499.99 per month, and traders have the option of paying monthly or annually. The annual plans can offer discounts up to 25%.
In the end, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the highest level. With features such as automated trading, built-in strategies for trading, backtesting opportunities, and support for multiple trustworthy trading platforms, Coinrule provides a reliable tool that will aid you in making the most out of any trading plan.