The world of cryptocurrency trading can be quite exciting, but it can also be time-consuming and overwhelming in the eyes of many trader. This is where Coinrule is able to help. Coinrule is an automated tool for trading that helps traders stick to their cryptocurrency strategy without having to continuously monitor the markets. It is easy to use even for those without coding experience, and offers various options to help you take trades to the next step.
Coinrule was established in 2017 in London by a group of blockchain and cryptocurrency enthusiasts. Its goal is to make trading in cryptocurrencies less tedious by providing an automated trading platform which can be integrated safely with multiple exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, over 200% more than the amount it had set for.
One of the key aspects of Coinrule is the easy-to-use automated trading system. The cryptocurrency markets can be very volatile and it is often difficult for traders to keep track of the constantly changing charts. Coinrule allows traders to establish trading rules and then monitors the market and makes trades that fit into their strategies. This means that traders are able to place their cryptocurrency trading on autopilot and not have to go through charts for hours.
Coinrule also offers integrated trading strategies that traders can choose from. There are over 150 rules to choose from that make it simple for both novice and experienced traders to discover the best strategy for them. In addition, traders can stop rules at any point, and they will receive free daily emails with trading signals that can help them adjust their strategy according to the changing market.
Another wonderful aspect of Coinrule is its backtesting capabilities. Traders can test out their trading rules with historical market data by using TradingView. They can choose the cryptocurrency they intend to trade and the time frame they want to use, and the trading strategy and see how many trades the strategy opened and closed in addition to the net profit, the percentage of profit, maximum drawdown, and profit factor. This can be a helpful tool for increasing confidence of traders in their trading strategies they develop.
Coinrule is also compatible with a variety of 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 levels that include Starter, Hobbyist Trader, and Pro, with different options for traders at all levels. Prices vary from $0 to $499.99 per month, and traders are able to pay either monthly or annually. Annual plans provide discounts up to 25 percent.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the highest possible level. With features such as automatized trading, integrated trading strategies as well as backtesting options, and support for a variety of trusted exchanges, Coinrule can be a powerful tool that can assist you in making the most of any trading plan.