The world of trading in cryptocurrency can be quite exciting, but it can also be time-consuming and overwhelming to many investors. This is where Coinrule comes in. Coinrule can be described as an automatic trading tool that helps traders stick to their crypto strategy without the need to constantly keep track of the market. It’s simple to use, even for those without coding knowledge, and provides various options to take your trading to the highest step.
Coinrule was established in the year 2017 , in London by a team of blockchain and cryptocurrency enthusiasts. Its goal is create a system that makes trading cryptocurrencies less tedious by providing an automated trading platform that can integrate safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is greater than 200% over its goal.
One of the main advantages of Coinrule is its user-friendly automated trading. The markets for cryptocurrency can be very volatile and it is often difficult for traders to keep up with the constantly changing charts. Coinrule allows traders to create trading rules, and then monitors the market and makes trades that match their strategies. This allows traders to put their cryptocurrency trading to autopilot, and not go through charts for hours.
Coinrule provides built-in trading strategies that traders can pick from. There are more than 150 trading rules to pick from which makes it simple for both new and experienced traders to choose a strategy that works for them. Additionally, traders can pause rules at any time and receive daily emails that contain trading signals to help them adapt their strategy to the market.
Another great feature of Coinrule is the possibility of backtesting. Traders can test out their trading strategies based with historical market data by using TradingView. You can choose the currency they will be trading and the time frame they want to use, and the trading strategy, and then check how many trades the strategy opened and closed in addition to profits net, percentage of profit as well as the maximum drawdown and profit factor. This can be an effective instrument to increase a trader’s confidence in the trading rules they design.
Coinrule also supports multiple trustworthy exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to connect Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels that include Starter, Hobbyist Pro, and Trader, with different options for traders of all levels. Prices range from $0 through $499.99 per month, and traders are able to pay each month or annually. The annual plans can offer discounts of up to 25%.
Overall, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the next level. With features like automatic trading and built-in strategies for trading with backtesting capabilities, as well as support for a variety of trusted cryptocurrency exchanges Coinrule is a robust tool that will assist you in making the most of any trading plan.