The world of cryptocurrency trading is quite thrilling, but it can also be time-consuming and overwhelming for many traders. This is the point where Coinrule is able to help. Coinrule is an automated trading tool that can help traders stick to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It’s easy to use, even for those without coding experience, and offers various options that will take trades to the next step.
Coinrule was founded in 2017 , in London by a team of blockchain and cryptocurrency enthusiasts. The company aims at making trading cryptocurrencies more efficient by providing an automated trading platform that is able to integrate securely with various exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than its target.
One of the most important features of Coinrule is its user-friendly 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 lets traders set up trading rules and then analyzes the market and then makes trades that fit into their plan of action. This allows traders to place their cryptocurrency trading to autopilot and not spend hours poring over charts.
Coinrule also offers integrated trading strategies that traders can pick from. There are more than 150 trading rules to pick from that make it simple for both new and experienced traders to find a strategy that works for them. Furthermore, traders are able to pause rules at any time, and they will receive free daily emails with signals for trading which can assist them in adjusting their strategies to market conditions.
Another wonderful aspect of Coinrule is the possibility of backtesting. Traders can test out their trading rules with historical market data by using TradingView. They can choose the cryptocurrency they plan to trade and the time frame they want to use, and the trading strategy and check how many trades the strategy opened and closed and also profits net, the percentage of profit as well as the maximum drawdown and profit factor. This is a useful method to boost confidence 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. So, traders are able to use Coinrule seamlessly with 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 monthly or annually. The yearly plans 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 highest possible level. With features such as automatic trading and built-in strategies for trading with backtesting capabilities, as well as support for multiple trustworthy cryptocurrency exchanges Coinrule can be a powerful instrument that can aid you in making the most of your trading strategy.