The world of cryptocurrency trading is quite thrilling However, it can become time-consuming and stressful to many investors. This is where Coinrule comes in. Coinrule is an automated tool for trading that helps traders stick to their crypto strategy without having to continuously be on the lookout for market trends. It is easy to use even for those with no programming experience, and offers various options that will take your trading to the highest step.
Coinrule was established in the year 2017 in London by a group of crypto and blockchain enthusiasts. The company aims at making trading cryptocurrencies easier by offering an automated platform for trading that can integrate safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than its goal.
One of the key aspects of Coinrule is the easy to use automated trading. The markets for cryptocurrency can be very volatile and it is often 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 means that traders are able to set their cryptocurrency trading on autopilot and not have to spend hours poring over charts.
Coinrule has integrated trading strategies that traders can select from. There are more than 150 rules available, making it easy for both experienced and novice traders to choose the best strategy for them. Additionally, traders can pause rules at any time and they will receive free daily emails with signals for trading that can help them adjust their strategies to market conditions.
Another great aspect of Coinrule is the possibility of backtesting. The traders can test their trading strategy by using historical market data in TradingView. They can select the coin they will be trading as well as the timeframe they wish to trade and trading strategy and check how many trades the strategy opened and closed in addition to profits net, the percentage of profit as well as the maximum drawdown and profit factor. This is a useful method to boost a trader’s confidence in their trading strategies they develop.
Coinrule is also compatible with a variety of reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can use Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers that include Starter, Hobbyist Pro, and Trader offering different options to traders of all levels. Prices vary 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 convenient experience that can elevate your trading in cryptocurrency to the highest possible level. With features such as automatic trading and built-in strategies for trading, backtesting opportunities, and support for a variety of trusted exchanges, Coinrule is a robust tool that will assist you in making the most of your trading strategy.