The world of cryptocurrency trading can be very exciting, but it can also become time-consuming and stressful in the eyes of many trader. This is where Coinrule comes in. Coinrule can be described as an automatic trading tool that can help traders stick to their cryptocurrency strategy without having to continuously monitor the markets. It’s simple to use even for those without coding knowledge, and provides many options to help you take trades to the next step.
Coinrule was established in the year 2017 , in London by a team of crypto and blockchain enthusiasts. Its goal is at making trading cryptocurrencies less tedious by providing an automated platform for trading which can be integrated safely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, more than 200% above its goal.
One of the main aspects of Coinrule is the easy to use automated trading. The market for cryptocurrency is extremely volatile, and it can be difficult for traders to keep track of the ever-changing charts. Coinrule allows traders to create trading rules, and then analyzes the market and then makes trades that fit into their plan of action. This allows traders to put their cryptocurrency trading on autopilot and not have to look over charts for hours.
Coinrule also offers integrated trading strategies that traders can choose from. There are more than 150 rules to choose from which makes it simple for both experienced and novice traders to discover an approach that is suitable for them. In addition, traders can stop rules at any point, and they will receive free daily emails with signals for trading to help them adapt their strategy to the market.
Another wonderful aspect of Coinrule is its backtesting capabilities. Investors can test their trading strategies based on historical market data using TradingView. They can select the coin they will be trading, the desired time frame as well as the strategy for trading, and then see how many trades the strategy opened and closed, as well as profits net, percentage of profit as well as the maximum drawdown and the profit ratio. This can be an effective instrument to increase a trader’s confidence in the trading rules they design.
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 integrate Coinrule seamlessly with these platforms.
Coinrule offers four pricing levels including Starter, Hobbyist Trader, and Pro, offering different options to traders at all levels. Prices start at $0 and go up through $499.99 per month, and traders are able to pay either monthly or annually. Annual plans provide discounts of up to 25 percent.
In the end, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the highest level. With features such as automatized trading, integrated trading strategies with backtesting capabilities, as well as support for a variety of trusted cryptocurrency exchanges Coinrule is a robust instrument that can help you make the most out of any trading plan.