The world of cryptocurrency trading is quite thrilling 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 trading tool that helps traders adhere to their cryptocurrency strategy without the need to constantly monitor the markets. It is easy to use even for those without coding experience, and offers various features that can boost you trading experience to next step.
Coinrule was founded in 2017 in London by a team of crypto and blockchain enthusiasts. The company’s mission is to make trading in cryptocurrencies less tedious by providing an automated platform for trading that can integrate safely with several exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is more than 200% above the amount it had set for.
One of the key features of Coinrule is its user-friendly automated trading. The markets for cryptocurrency can be extremely volatile, and it can be hard for trader to keep up with the constantly changing charts. Coinrule allows traders to set up trading rules and then monitors the market and makes trades that fit into their strategy. This allows traders to set their cryptocurrency trading to autopilot and not go through charts for hours.
Coinrule also offers integrated trading strategies that investors can choose from. There are more than 150 trading rules to pick from that make it simple for both novice and experienced traders to discover the best strategy for them. In addition, traders can stop rules at any time and receive daily emails with signals for trading that can help them adjust their strategy according to the changing market.
Another great feature of Coinrule is the possibility of backtesting. The traders can test their trading strategies based on historical market data using TradingView. You can choose the currency 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 the net profit, percentage of profitability, maximum drawdown, and profit percentage. This can be an effective instrument to increase confidence of traders in their trading strategies they develop.
Coinrule has also been able to work with several reliable exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to integrate Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels, Starter, Hobbyist, Pro, and Trader offering different options to traders at all levels. Prices vary from $0 to $499.99 per month, and traders can choose to pay each month or annually. The annual plans can offer discounts up to 25 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, backtesting opportunities, and support for a variety of trusted trading platforms, Coinrule is a robust tool that can help you make the most out of any trading plan.