The world of cryptocurrency trading is quite thrilling however, it can become time-consuming and stressful to many investors. This is where Coinrule is able to help. Coinrule is an automated trading tool that can help traders adhere to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It’s easy to use, even for those without coding knowledge, and provides many options that will help you take you trading experience to next step.
Coinrule was established in 2017 in London by a group of crypto and blockchain enthusiasts. The company aims at making trading cryptocurrency less tedious by providing an automated trading platform that is able to integrate securely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is greater than 200% over 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 hard for trader to keep up with the constantly changing charts. Coinrule lets traders set up trading rules and then examines the market and make trades that match their strategy. This means that traders are able to put their cryptocurrency trading to autopilot, and not spend hours poring over charts.
Coinrule provides built-in trading strategies that traders can pick from. There are over 150 trading rules to pick from which makes it simple for both new and experienced traders to choose a strategy that works for them. Furthermore, traders are able to pause rules at any time, and will be sent daily emails with trading signals to help them adapt their strategy to the market.
Another great characteristic of Coinrule is its backtesting opportunities. The traders can test their trading rules on historical market data using TradingView. They can choose the cryptocurrency they will be trading and the time frame they want to use, and the trading strategy and check how many trades the strategy opened and closed and also the net profit, percentage of profitability, maximum drawdown, and profit percentage. This is a useful method to boost a trader’s confidence in the trading rules they create.
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 integrate Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing levels 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 are able to pay each month or annually. The yearly plans offer discounts up to 25 percent.
Overall, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the highest level. With features such as automatic trading and built-in trading strategies with backtesting capabilities, as well as support for a variety of trusted exchanges, Coinrule is a robust tool that will help you make the most out of any trading plan.