The world of cryptocurrency trading can be quite exciting However, it can become time-consuming and stressful in the eyes of many trader. This is where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders stick to their crypto strategy without the need to constantly keep track of the market. It’s easy to use even for people with no programming expertise, and comes with various features that can help you take your trading to the highest step.
Coinrule was established in 2017 in London by a group of cryptocurrency and blockchain enthusiasts. The company’s mission is at making trading cryptocurrency easier by offering an automated trading platform that is able to integrate securely with various 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 main advantages of Coinrule is its easy to use automated trading. The markets for cryptocurrency can be extremely volatile, and it can be difficult for traders to keep up with ever-changing charts. Coinrule lets traders set up trading rules and then monitors the market and makes trades that match their strategy. This means that traders can set their cryptocurrency trading up to run on autopilot and not have to look over charts for hours.
Coinrule also offers integrated trading strategies that traders can select from. There are more than 150 rules to choose from, making it easy for both novice and experienced traders to discover a strategy that works for them. In addition, traders can stop rules at any point, and they will receive free daily emails with trading signals that can help them adjust their strategy according to the changing market.
Another excellent characteristic of Coinrule is its backtesting capabilities. Traders can test out their trading strategy 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 to determine how many trades that were opened and closed, as well as the net profit, percentage of profitability, maximum drawdown, and profit factor. This can be an effective tool for increasing 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. This means that traders can connect Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Trader, and Pro, offering different options to traders of all levels. Prices range from $0 through $499.99 per month, and traders have the option of paying either monthly or annually. The yearly plans offer discounts of up to 25%.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the next level. With features like automated trading, built-in trading strategies, backtesting opportunities, and support for multiple trustworthy exchanges, Coinrule can be a powerful tool that can aid you in making the most of your trading strategy.