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How Do I Set Up Paper Trading In Coinrule

The world of cryptocurrency trading can be quite exciting, but it can also become time-consuming and stressful to many investors. This is where Coinrule comes in. Coinrule provides an efficient tool for trading that helps traders stick to their crypto strategy without having to constantly be on the lookout for market trends. It’s easy to use, even for those without coding experience, and offers a variety of features that can take your trading to the highest level.

Coinrule was founded in 2017 , in London by a group of blockchain and cryptocurrency enthusiasts. The company aims at making trading cryptocurrencies more efficient by providing an automated platform for trading which can be integrated safely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, more than 200% above its target.

One of the main advantages of Coinrule is its easy-to-use automated trading system. The market for cryptocurrency is very volatile and it can be hard for trader to keep up with constantly changing charts. Coinrule allows traders to establish trading rules and then examines the market and make trades that match their strategies. This allows traders to set their cryptocurrency trading on autopilot and not look over charts for hours.

Coinrule has integrated trading strategies that investors can select from. There are more than 150 rules available that make it simple for both new and experienced traders to choose the best strategy for them. Furthermore, traders are able to 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 capabilities. Investors can test their trading rules by using historical market data in TradingView. They can select the coin they will be trading, the desired time frame as well as the strategy for trading, and then see how many trades were opened and closed, as well as profits net, the percentage of profit, maximum drawdown, and the profit ratio. This can be a helpful tool for increasing a trader’s confidence in the trading rules they create.

Coinrule also supports multiple trustworthy exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to integrate Coinrule seamlessly with any of these platforms.

Coinrule offers four pricing levels, Starter, Hobbyist, Pro, and Trader with different options for traders at all levels. Prices vary from $0 and up to $499.99 per month, and traders can choose to pay either monthly or annually. The annual plans can offer discounts of up to 25 percent.

All in all, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the highest possible level. With features such as automatized trading, integrated strategies for trading, backtesting opportunities, and support for multiple trustworthy cryptocurrency exchanges Coinrule provides a reliable instrument that can help you make the most out of the trading strategies you employ.