Skip to main content

Should I Close Short Sell Positions Coinrule

The world of cryptocurrency trading is quite thrilling However, it can be time-consuming and overwhelming for many traders. This is the point where Coinrule is able to help. Coinrule is an automated trading tool that helps traders adhere to their cryptocurrency strategy without having to continuously be on the lookout for market trends. It’s simple to use, even for those without coding experience, and offers a variety of features that can help you take your trading to the next level.

Coinrule was founded in 2017 , in London by a team of crypto and blockchain enthusiasts. The company’s mission is to make trading in cryptocurrency easier by offering an automated trading platform that can integrate safely with various exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) through Seedrs, greater than 200% over its goal.

One of the main aspects of Coinrule is the user-friendly automated trading. The markets for cryptocurrency can be very volatile and it can be hard for trader to keep up with the constantly changing charts. Coinrule lets traders create trading rules, and then examines the market and make trades that fit into their plan of action. This means that traders are able to put their cryptocurrency trading up to run on autopilot and not have to look over charts for hours.

Coinrule has integrated trading strategies that traders can choose from. There are over 150 trading rules to pick from which makes it simple for both experienced and novice traders to choose a strategy that works for them. Furthermore, traders are able to pause rules at any time, and will be sent daily emails with signals for trading that can help them adjust their strategy according to the changing market.

Another great characteristic of Coinrule is its backtesting capabilities. Traders can test out their trading strategies based by using historical market data in TradingView. They can select the coin they plan to trade and the time frame they want to use and trading strategy, and then determine how many trades that were opened and closed, as well as profits net, percentage of profitability as well as the maximum drawdown and profit percentage. This can be a helpful method to boost confidence of traders in their trading strategies they develop.

Coinrule is also compatible with a variety of reliable exchanges, such as 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 that include Starter, Hobbyist Pro, and Trader offering different options to traders of all levels. Prices vary from $0 through $499.99 per month. traders can choose to pay each month or annually. The annual plans can offer discounts of up to percent.

Overall, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the next level. With features such as automatized trading, integrated trading strategies with backtesting capabilities, as well as the ability to support multiple trusted trading platforms, Coinrule provides a reliable tool that will aid you in making the most of any trading plan.