The world of trading in cryptocurrency can be very exciting However, it can be time-consuming and overwhelming for many traders. This is where Coinrule comes in. Coinrule is an automated trading tool that can help traders adhere to their cryptocurrency strategy without having to constantly monitor the markets. It is easy to use even for those with no programming knowledge, and provides various options to help you take trades to the next level.
Coinrule was founded in 2017 in London by a team of blockchain and cryptocurrency enthusiasts. The company aims to make trading in cryptocurrency 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) on Seedrs, more than 200% above its goal.
One of the most important aspects of Coinrule is the easy to use automated trading. The markets for cryptocurrency can be very volatile and it is often challenging for investors to stay up with the constantly changing charts. Coinrule lets traders set up trading rules and then analyzes the market and then makes trades that fit into their strategies. This means that traders can place their cryptocurrency trading to autopilot and not have to look over charts for hours.
Coinrule also offers integrated trading strategies that traders can select from. There are more than 150 trading rules to pick from which makes it simple for both novice and experienced traders to choose a strategy that works for them. Furthermore, traders are able to pause rules at any point, and will be sent daily emails with signals for trading to help them adapt their strategy according to the changing market.
Another excellent feature of Coinrule is its backtesting capabilities. Traders can test out their trading rules on historical market data using TradingView. You can choose the currency they will be trading and the time frame they want to use and trading strategy to check how many trades the strategy opened and closed in addition to its net profits, 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 also supports multiple trustworthy exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can use Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing tiers, Starter, Hobbyist, Pro, and Trader, with a variety of options for traders at all levels. Prices vary from $0 to $499.99 per month, and traders are able to pay each month or annually. Annual plans provide discounts of up to%.
Overall, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the next level. With features like automated trading, built-in trading strategies as well as backtesting options, and support for a variety of trusted trading platforms, Coinrule provides a reliable instrument that can help you make the most of any trading plan.