The world of trading in cryptocurrency can be quite exciting, but it can also become time-consuming and stressful for many traders. This is the point where Coinrule is able to help. Coinrule can be described as an automatic tool for trading that helps traders stick to their cryptocurrency strategy without the need to constantly monitor the markets. It’s simple to use, even for those without coding expertise, and comes with many options that will help you take trades to the next step.
Coinrule was founded in 2017 , in London by a group of blockchain and cryptocurrency enthusiasts. Its goal is create a system that makes trading cryptocurrencies easier by offering an automated platform for trading which can be integrated safely with multiple exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, greater than 200% over the amount it had set for.
One of the main advantages of Coinrule is its easy to use automated trading. The markets for cryptocurrency can be highly volatile and it can be difficult for traders to keep track of the constantly changing charts. Coinrule allows traders to create trading rules, and then analyzes the market and then makes trades that match their plan of action. This means that traders can put their cryptocurrency trading to autopilot, and not look over charts for hours.
Coinrule has integrated trading strategies that investors can select from. There are more than 150 rules available which makes it simple for both novice and experienced traders to find a strategy that works for them. Additionally, traders can pause rules at any time and will be sent daily emails that contain trading signals that can help them adjust their strategy to the market.
Another great characteristic of Coinrule is its backtesting capabilities. Traders can test out their trading strategy with historical market data by using TradingView. You can choose the currency they intend to trade and the time frame they want to use as well as the strategy for trading to determine how many trades that were opened and closed and also the net profit, the percentage of profitability as well as the maximum drawdown and the profit ratio. This can be an effective method to boost a trader’s confidence in their trading strategies they develop.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to use Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers including Starter, Hobbyist Trader, and Pro, offering different options to traders of all levels. Prices vary from $0 through $499.99 per month, and traders have the option of paying either monthly or annually. Annual plans provide discounts of up to 25%.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the next level. With features such as automatic trading and built-in strategies for trading as well as backtesting options, and the ability to support multiple trusted exchanges, Coinrule can be a powerful tool that can assist you in making the most of your trading strategy.