The world of trading cryptocurrency can be very exciting However, it can be time-consuming and overwhelming for many traders. This is the point where Coinrule comes in. 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 people with no programming expertise, and comes with many features that can help you take trades to the next level.
Coinrule was established in 2017 , in London by a group of crypto and blockchain enthusiasts. The company aims at making trading cryptocurrencies more efficient by providing an automated trading platform which can be integrated safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, greater than 200% over the amount it had set for.
One of the main advantages of Coinrule is its easy to use automated trading. The cryptocurrency markets can be highly volatile and it can be challenging for investors to stay up with ever-changing charts. Coinrule allows traders to set up trading rules and then analyzes the market and then makes trades that are compatible with their plan of action. This means that traders are able to set their cryptocurrency trading to autopilot and not go through charts for hours.
Coinrule has built-in trading strategies that traders can select from. There are over 150 rules available, making it easy for both novice and experienced traders to discover a strategy that works for them. Furthermore, traders are able to pause rules at any point, and receive daily emails with trading signals to help them adapt their strategies to market conditions.
Another excellent characteristic of Coinrule is its backtesting capabilities. The traders can test their trading strategy on historical market data using TradingView. They can choose the cryptocurrency they will be trading, the desired time frame, and the trading strategy, and then determine how many trades that were opened and closed, as well as its net profits, the percentage of profit maximum drawdown, as well as profit percentage. This is a useful tool for increasing a trader’s confidence in the trading rules they design.
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 integrate Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Pro, and Trader, offering different options to traders of all levels. Prices start at $0 and go up and up to $499.99 per month. traders have the option of paying monthly or annually. Annual plans provide discounts of up to 25%.
All in all, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the highest possible level. With features such as automated trading, built-in trading strategies, backtesting opportunities, and support for a variety of trusted exchanges, Coinrule provides a reliable instrument that can assist you in making the most out of any trading plan.