The world of trading in cryptocurrency can be very exciting however, it can become time-consuming and stressful in the eyes of many trader. This is the point where Coinrule comes in. Coinrule can be described as an automatic tool for trading that helps traders adhere to their cryptocurrency strategy without having to constantly be on the lookout for market trends. It’s simple to use, even for people with no programming knowledge, and provides many options to take your trading to the next step.
Coinrule was established in the year the year 2017 London by a group of blockchain and cryptocurrency enthusiasts. The company aims create a system that makes trading cryptocurrency less tedious by providing an automated platform for trading which can be integrated safely with several exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, more than 200% above its target.
One of the main advantages of Coinrule is its user-friendly automated trading. The cryptocurrency markets can be very volatile and it can be difficult for traders to keep up with ever-changing charts. Coinrule allows traders to establish trading rules and then analyzes the market and then makes trades that match their strategies. This means that traders are able to place their cryptocurrency trading to autopilot and not spend hours poring over charts.
Coinrule has integrated trading strategies that traders can choose from. There are over 150 rules available 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 will be sent daily emails with signals for trading that can help them adjust their strategy according to the changing market.
Another wonderful characteristic of Coinrule is the possibility of backtesting. The traders can test their trading strategy by using historical market data in TradingView. They can choose the cryptocurrency they will be trading as well as the timeframe they wish to trade as well as the strategy for trading, and then determine how many trades that the strategy has opened and closed in addition to its net profits, percentage of profit, maximum drawdown, and profit factor. This can be a helpful tool for increasing confidence of traders in the trading rules they create.
Coinrule has also been able to work with several reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to use Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Pro, and Trader, with different options for traders of all levels. Prices vary from $0 to $499.99 per month. traders can choose to pay each month or annually. The yearly plans offer discounts of up to percent.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the next level. With features such as automatic trading and built-in trading strategies as well as backtesting options, and support for multiple trustworthy exchanges, Coinrule is a robust tool that can aid you in making the most out of your trading strategy.