The world of trading cryptocurrency is quite thrilling, but it can also be time-consuming and overwhelming in the eyes of many trader. This is where Coinrule is able to help. Coinrule can be described as an automatic trading tool that can help traders adhere to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It is easy to use even for those without coding expertise, and comes with a variety of options to help you take your trading to the next step.
Coinrule was established in 2017 in London by a group of crypto and blockchain enthusiasts. Its goal is to make trading in cryptocurrencies less tedious by providing an automated trading platform that can integrate safely with various exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on 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 system. The markets for cryptocurrency can be extremely volatile, and it is often hard for trader to keep track of the ever-changing charts. Coinrule lets traders set up trading rules and then analyzes the market and then makes trades that match their strategies. This means that traders are able to set their cryptocurrency trading up to run on autopilot and not go through charts for hours.
Coinrule has integrated trading strategies that traders can select from. There are more than 150 rules to choose from, making it easy for both new and experienced traders to find the best strategy 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 according to the changing market.
Another excellent characteristic of Coinrule is the possibility of backtesting. Traders can test out their trading strategies based on historical market data using TradingView. They can select the coin they intend to trade, the desired time frame and trading strategy and determine how many trades that the strategy opened and closed and also its net profits, the percentage of profitability as well as the maximum drawdown and profit factor. This can be an effective tool for increasing confidence of traders in the trading rules they design.
Coinrule also supports multiple trustworthy exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can connect Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Pro, and Trader with a variety of options for traders of all levels. Prices range from $0 to $499.99 per month. traders are able to pay each month or annually. The yearly plans offer discounts up to 25%.
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 automatic trading and built-in trading strategies, backtesting opportunities, and support for multiple trustworthy exchanges, Coinrule can be a powerful instrument that can help you make the most of any trading plan.