The world of trading in cryptocurrency is quite thrilling, but it can also be time-consuming and overwhelming to many investors. This is where Coinrule is able to help. Coinrule can be described as an automatic trading tool that can help traders adhere to their cryptocurrency strategy without the need to constantly monitor the markets. It is easy to use, even for people with no programming knowledge, and provides many options that will take your trading to the next level.
Coinrule was founded in 2017 , in London by a team of blockchain and cryptocurrency enthusiasts. The company aims at making trading cryptocurrency less tedious by providing an automated platform for trading that is able to integrate securely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, greater than 200% over its target.
One of the key aspects of Coinrule is the easy to use automated trading. The markets for cryptocurrency can be extremely volatile, and it can be hard for trader to keep up with constantly changing charts. Coinrule allows traders to set up trading rules and then examines the market and make trades that match their strategies. This allows traders to place their cryptocurrency trading to autopilot, and not spend hours poring over charts.
Coinrule provides built-in trading strategies that traders can choose from. There are more than 150 rules available, making it easy for both novice and experienced traders to find an approach that is suitable for them. Additionally, traders can pause rules at any time and they will receive free daily emails that contain trading signals that can help them adjust their strategies to market conditions.
Another excellent aspect of Coinrule is the possibility of backtesting. Investors can test their trading strategy with historical market data by using TradingView. They can select the coin they intend to trade, the desired time frame and trading strategy to see how many trades the strategy has opened and closed and also the net profit, percentage of profitability as well as the maximum drawdown and profit factor. This can be a helpful instrument to increase 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 integrate 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 range from $0 to $499.99 per month, and traders can choose to pay either monthly or annually. Annual plans provide discounts up to 25 percent.
All in all, Coinrule offers a user-friendly and user-friendly experience that will elevate your trading in cryptocurrency to the next level. With features like automatic trading and built-in trading strategies with backtesting capabilities, as well as the ability to support multiple trusted cryptocurrency exchanges Coinrule is a robust instrument that can help you make the most out of the trading strategies you employ.