The world of cryptocurrency trading is quite thrilling, but it can also become time-consuming and stressful for many traders. This is the point where Coinrule is able to help. Coinrule is an automated tool for trading that helps traders adhere to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It’s simple to use even for people with no programming knowledge, and provides many features that can help you take your trading to the next level.
Coinrule was founded in 2017 in London by a team of blockchain and cryptocurrency enthusiasts. Its goal is at making trading cryptocurrencies easier by offering an automated trading platform that can integrate safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than the amount it had set for.
One of the key advantages of Coinrule is its user-friendly automated trading. The markets for cryptocurrency can be highly volatile and it can be difficult for traders to keep up with the ever-changing charts. Coinrule allows traders to establish trading rules and then analyzes the market and then makes trades that match their strategies. This means that traders can put their cryptocurrency trading on autopilot, and not spend hours poring over charts.
Coinrule has built-in trading strategies that traders can select from. There are over 150 trading rules to pick from that make it simple for both novice and experienced traders to choose an approach that is suitable for them. In addition, traders can stop rules at any time, and receive daily emails with signals for trading that can help them adjust their strategy to the market.
Another wonderful feature of Coinrule is its backtesting opportunities. The traders can test their trading strategy with historical market data by using TradingView. They can select the coin they intend to trade and the time frame they want to use and trading strategy, and then see how many trades the strategy has opened and closed in addition to the net profit, percentage of profitability, maximum drawdown, and profit factor. This is a useful method to boost confidence of traders in the trading rules they create.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can connect Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels, Starter, Hobbyist, Pro, and Trader with a variety of options for traders of all levels. Prices range from $0 and up to $499.99 per month, and traders are able to pay either monthly or annually. The yearly plans offer discounts of up to 25 percent.
All in all, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the next level. With features like automatized trading, integrated strategies for trading as well as backtesting options, and support for a variety of trusted cryptocurrency exchanges Coinrule provides a reliable instrument that can aid you in making the most of the trading strategies you employ.