The world of trading cryptocurrency is quite thrilling, but it can also become time-consuming and stressful for many traders. This is the point where Coinrule is able to help. Coinrule can be described as an automatic trading tool that can help traders stick to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It’s easy to use even for people with no programming knowledge, and provides many options that will boost you trading experience to highest step.
Coinrule was established in the year 2017 in London by a group of crypto and blockchain enthusiasts. The company aims create a system that makes trading cryptocurrencies easier by offering an automated platform for trading that can integrate safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is over 200% more than the amount it had set for.
One of the main aspects of Coinrule is the easy to use automated trading. The markets for cryptocurrency can be very volatile and it is often challenging for investors to stay up with the ever-changing charts. Coinrule lets traders establish trading rules and then analyzes the market and then makes trades that match their strategy. This means that traders are able to place their cryptocurrency trading on autopilot, and not look over charts for hours.
Coinrule also offers integrated trading strategies that traders can select from. There are over 150 trading rules to pick from which makes it simple for both novice and experienced traders to choose an approach that is suitable for them. Furthermore, traders are able to pause rules at any time, and receive daily emails that contain trading signals to help them adapt their strategy according to the changing market.
Another excellent characteristic of Coinrule is the possibility of backtesting. Traders can test out their trading rules on historical market data using TradingView. They can choose the cryptocurrency they will be trading and the time frame they want to use as well as the strategy for trading, and then determine how many trades that the strategy has opened and closed in addition to profits net, percentage of profit, maximum drawdown, and profit factor. This can be a helpful instrument to increase the trust of traders in their trading strategies they develop.
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 connect Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers that include Starter, Hobbyist Trader, and Pro, with different options for traders at all levels. Prices range from $0 and up to $499.99 per month. traders can choose to pay each month or annually. The annual plans can offer discounts up to 25 percent.
In the end, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the highest level. With features such as automated trading, built-in strategies for trading with backtesting capabilities, as well as support for multiple trustworthy cryptocurrency exchanges Coinrule can be a powerful tool that will aid you in making the most of your trading strategy.