The world of trading cryptocurrency can be quite exciting however, it can be time-consuming and overwhelming to many investors. This is where Coinrule comes in. Coinrule provides an efficient tool for trading that helps traders adhere to their cryptocurrency strategy without having to constantly monitor the markets. It is easy to use, even for those with no programming expertise, and comes with various features that can take your trading to the next step.
Coinrule was founded in 2017 in London by a group of crypto and blockchain enthusiasts. The company’s mission is create a system that makes trading cryptocurrency easier by offering an automated platform for trading that can integrate safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is over 200% more than the amount it had set for.
One of the key advantages of Coinrule is its easy-to-use automated trading system. The markets for cryptocurrency can be very volatile and it can be difficult for traders to keep track of the constantly changing charts. Coinrule allows traders to set up trading rules and then analyzes the market and then makes trades that fit into their strategies. This means that traders are able to place their cryptocurrency trading to autopilot and not have to go through charts for hours.
Coinrule also offers built-in trading strategies that traders can pick from. There are over 150 trading rules to pick from which makes it simple for both novice and experienced traders to discover a strategy that works for them. In addition, traders can stop rules at any time, and will be sent daily emails that contain trading signals to help them adapt their strategies to market conditions.
Another excellent aspect of Coinrule is its backtesting opportunities. The traders can test their trading rules by using historical market data in TradingView. You can choose the currency they will be trading as well as the timeframe they wish to trade and trading strategy, and then see how many trades the strategy has opened and closed, as well as the net profit, percentage of profitability as well as the maximum drawdown and profit percentage. This can be an effective instrument to increase a trader’s confidence in the trading rules they create.
Coinrule also supports multiple trustworthy exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to use Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Trader, and Pro, with different options for traders at all levels. Prices start at $0 and go up and up to $499.99 per month. traders have the option of paying each month 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 take your cryptocurrency trading to the highest level. With features such as automatic trading and built-in trading strategies as well as backtesting options, and the ability to support multiple trusted cryptocurrency exchanges Coinrule is a robust tool that can assist you in making the most of your trading strategy.