The world of trading in cryptocurrency is quite thrilling however, it can become time-consuming and stressful for many traders. This is where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders stick to their cryptocurrency strategy without the need to constantly monitor the markets. It’s simple to use, even for people with no programming knowledge, and provides various features that can take you trading experience to next step.
Coinrule was founded in the year 2017 London by a group of cryptocurrency and blockchain enthusiasts. Its goal is to make trading in cryptocurrency less tedious by providing an automated platform for trading that is able to integrate securely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, greater than 200% over its goal.
One of the main features of Coinrule is its easy-to-use automated trading system. The market for cryptocurrency is very volatile and it is often challenging for investors to stay track of the ever-changing charts. Coinrule lets traders establish trading rules and then examines the market and make trades that fit into their plan of action. This means that traders are able to put their cryptocurrency trading to autopilot and not go through charts for hours.
Coinrule provides built-in trading strategies that traders can select from. There are over 150 trading rules to pick from which makes it simple for both experienced and novice traders to find a strategy that works for them. In addition, traders can stop rules at any time and they will receive free daily emails with signals for trading that can help them adjust their strategy to the market.
Another excellent characteristic of Coinrule is its backtesting capabilities. Investors can test their trading rules on historical market data using TradingView. You can choose the currency they plan to trade as well as the timeframe they wish to trade and trading strategy, and then determine how many trades that the strategy opened and closed in addition to profits net, the percentage of profitability maximum drawdown, as well as the profit ratio. This can be an effective instrument to increase 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 offers four pricing tiers that include Starter, Hobbyist Pro, and Trader with different options for traders at all levels. Prices range from $0 and up to $499.99 per month. traders can choose to pay monthly or annually. Annual plans provide discounts up to 25%.
All in all, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the highest level. With features such as automated trading, built-in strategies for trading with backtesting capabilities, as well as support for multiple trustworthy cryptocurrency exchanges Coinrule is a robust instrument that can aid you in making the most out of any trading plan.