The world of trading in cryptocurrency can be very exciting however, it can be time-consuming and overwhelming in the eyes of many trader. This is the point where Coinrule is able to help. Coinrule is an automated trading tool that helps traders stick to their crypto strategy without having to continuously monitor the markets. It’s simple to use even for those with no programming knowledge, and provides a variety of options that will take your trading to the next level.
Coinrule was established in the year the year 2017 London by a group of crypto and blockchain enthusiasts. The company aims at making trading cryptocurrency easier by offering an automated platform for trading that is able to integrate securely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than its target.
One of the key features of Coinrule is its easy-to-use automated trading system. The markets for cryptocurrency can be extremely volatile, and it can be challenging for investors to stay up with constantly changing charts. Coinrule lets traders create trading rules, and then monitors the market and makes trades that fit into their plan of action. This allows traders to place their cryptocurrency trading on autopilot and not have to look over charts for hours.
Coinrule has integrated trading strategies that investors can pick from. There are over 150 rules available which makes 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 receive daily emails with trading signals to help them adapt their strategy to the market.
Another great characteristic of Coinrule is the possibility of backtesting. Traders can test out their trading rules 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 and trading strategy and see how many trades were opened and closed in addition to its net profits, percentage of profitability maximum drawdown, as well as profit percentage. This is a useful instrument to increase a trader’s confidence 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 these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Trader, and Pro, with different options for traders at all levels. Prices vary from $0 through $499.99 per month, and traders are able to pay either monthly or annually. The yearly plans offer discounts up to 25 percent.
All in all, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading 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 cryptocurrency exchanges Coinrule can be a powerful tool that can help you make the most of your trading strategy.