The world of cryptocurrency trading is quite thrilling however, it can become time-consuming and stressful to many investors. This is the point where Coinrule comes in. Coinrule can be described as an automatic trading tool that helps traders stick to their crypto strategy without having to constantly keep track of the market. It is easy to use, even for those with no programming expertise, and comes with a variety of options to take trades to the next step.
Coinrule was established in the year 2017 in London by a team of blockchain and cryptocurrency enthusiasts. The company’s mission is to make trading in cryptocurrencies more efficient by providing an automated platform for trading that can integrate safely with several exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is over 200% more than its goal.
One of the main aspects of Coinrule is the easy to use automated trading. The cryptocurrency markets can be highly volatile and it is often hard for trader to keep up with the constantly changing charts. Coinrule allows traders to set up trading rules and then analyzes the market and then makes trades that match their strategies. This means that traders are able to place their cryptocurrency trading on autopilot and not have to look over charts for hours.
Coinrule has built-in trading strategies that traders can select from. There are over 150 rules available which makes it simple for both experienced and novice traders to discover a strategy that works for them. Furthermore, traders are able to pause rules at any time, and will be sent daily emails with trading signals which can assist them in adjusting their strategy according to the changing market.
Another great characteristic of Coinrule is the possibility of backtesting. Investors can test their trading rules with historical market data by using TradingView. They can choose the cryptocurrency they intend to trade, the desired time frame as well as the strategy for trading and see how many trades the strategy opened and closed, as well as its net profits, the percentage of profitability as well as the maximum drawdown and the profit ratio. 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, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can connect Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Trader, and Pro, with a variety of options for traders at all levels. Prices start at $0 and go up to $499.99 per month, and traders are able to pay either monthly or annually. The yearly plans offer discounts up to 25%.
In the end, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the highest level. With features such as automatic trading and built-in strategies for trading, backtesting opportunities, and the ability to support multiple trusted exchanges, Coinrule provides a reliable tool that can aid you in making the most out of your trading strategy.