The world of trading cryptocurrency can be quite exciting, but it can also be time-consuming and overwhelming in the eyes of many trader. This is where Coinrule comes in. Coinrule can be described as an automatic trading tool that can help traders adhere to their cryptocurrency strategy without having to constantly monitor the markets. It’s easy to use, even for those with no programming expertise, and comes with many options to help you take your trading to the next step.
Coinrule was established in the year 2017 in London by a team of blockchain and cryptocurrency enthusiasts. Its goal is to make trading in cryptocurrency more efficient by providing an automated trading platform that is able to integrate securely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, greater than 200% over its goal.
One of the most important advantages of Coinrule is its easy-to-use automated trading system. The market for cryptocurrency is very volatile and it can be challenging for investors to stay up with the constantly changing charts. Coinrule lets traders create trading rules, and then monitors the market and makes trades that fit into their strategies. This means that traders are able to set their cryptocurrency trading up to run on autopilot and not have to look over charts for hours.
Coinrule also offers integrated trading strategies that traders can select from. There are more than 150 rules to choose from, making it easy for both novice and experienced traders to choose the best strategy for them. In addition, traders can stop rules at any point, and receive daily emails with trading signals that can help them adjust their strategy to the market.
Another excellent feature 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 plan to trade and the time frame they want to use, and the trading strategy and see how many trades the strategy has opened and closed and also its net profits, the percentage of profitability, maximum drawdown, and profit percentage. This can be a helpful method to boost confidence of traders in the trading rules they design.
Coinrule also supports multiple trustworthy 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 offers four pricing levels that include Starter, Hobbyist Trader, and Pro, with different options for traders of all levels. Prices start at $0 and go up through $499.99 per month. traders are able to pay monthly or annually. The annual plans can offer discounts up to 25 percent.
All in all, Coinrule offers a user-friendly and convenient experience that can boost your cryptocurrency trading experience to the highest possible level. With features such as automatic trading and built-in trading strategies with backtesting capabilities, as well as support for multiple trustworthy cryptocurrency exchanges Coinrule can be a powerful tool that can aid you in making the most of the trading strategies you employ.