The world of trading cryptocurrency can be quite exciting however, it can become time-consuming and stressful to many investors. This is where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders adhere to their cryptocurrency strategy without having to continuously keep track of the market. It’s simple to use even for those without coding knowledge, and provides various options that will take your trading to the next level.
Coinrule was established in 2017 in London by a group of crypto and blockchain enthusiasts. The company’s mission is to make trading in cryptocurrency easier by offering an automated platform for trading which can be integrated safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than the amount it had set for.
One of the main aspects of Coinrule is the easy-to-use automated trading system. The markets for cryptocurrency can be highly volatile and it is often challenging for investors to stay track of the constantly changing charts. Coinrule lets traders create trading rules, and then analyzes the market and then makes trades that fit into their strategies. This means that traders are able to 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 investors can select from. There are more than 150 trading rules to pick from that make it simple for both experienced and novice traders to choose a strategy that works for them. In addition, traders can stop rules at any point, and receive daily emails that contain trading signals to help them adapt their strategies to market conditions.
Another great aspect of Coinrule is its backtesting capabilities. Traders can test out their trading strategy with historical market data by using TradingView. You can choose the currency they will be trading, the desired time frame and trading strategy, and then determine how many trades that the strategy opened and closed and also its net profits, percentage of profit maximum drawdown, as well as the profit ratio. This can be an effective tool for increasing confidence of traders in their trading strategies they develop.
Coinrule is also compatible with a variety of reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can integrate Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers including Starter, Hobbyist Trader, and Pro, with a variety of options for traders at all levels. Prices start at $0 and go up and up to $499.99 per month. traders are able to pay monthly or annually. The annual plans can offer discounts of up to 25%.
In the end, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the highest level. With features such as automatic trading and built-in strategies for trading as well as backtesting options, and support for multiple trustworthy exchanges, Coinrule provides a reliable tool that can aid you in making the most of any trading plan.