The world of trading cryptocurrency can be very exciting, but it can also become time-consuming and stressful in the eyes of many trader. This is where Coinrule comes in. Coinrule is an automated trading tool that can help traders stick to their crypto strategy without the need to constantly monitor the markets. It’s simple to use, even for people with no programming experience, and offers a variety of options to help you take trades to the next step.
Coinrule was founded in the year 2017 London by a team of crypto and blockchain enthusiasts. The company aims create a system that makes 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 user-friendly automated trading. The cryptocurrency markets can be very volatile and it is often challenging for investors to stay up with ever-changing charts. Coinrule lets traders 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 up to run on autopilot and not look over charts for hours.
Coinrule provides integrated trading strategies that traders can choose from. There are more than 150 rules available which makes it simple for both new and experienced traders to choose an approach that is suitable for them. Additionally, traders can pause rules at any point, and receive daily emails that contain trading signals which can assist them in adjusting their strategies to market conditions.
Another wonderful aspect of Coinrule is its backtesting opportunities. Investors can test their trading strategies based on historical market data using TradingView. They can choose the cryptocurrency they plan to trade, the desired time frame, and the trading strategy to see how many trades the strategy has opened and closed, as well as the net profit, the percentage of profit as well as the maximum drawdown and the profit ratio. This can be an effective instrument to increase a trader’s confidence in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can connect Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels, Starter, Hobbyist, Pro, and Trader, with a variety of options for traders at all levels. Prices start at $0 and go up through $499.99 per month. traders have the option of paying monthly or annually. The yearly plans offer discounts up to 25 percent.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the highest possible level. With features like automated trading, built-in trading strategies as well as backtesting options, and the ability to support multiple trusted exchanges, Coinrule provides a reliable tool that can help you make the most of your trading strategy.