The world of trading cryptocurrency can be very exciting, but it can also be time-consuming and overwhelming for many traders. This is where Coinrule comes in. Coinrule can be described as an automatic trading tool that helps traders adhere to their cryptocurrency strategy without having to constantly be on the lookout for market trends. It’s simple to use, even for those without coding expertise, and comes with many options that will help you take trades to the highest step.
Coinrule was founded in the year 2017 London by a team of cryptocurrency and blockchain enthusiasts. The company’s mission is at making trading cryptocurrency less tedious by providing an automated platform for trading that can integrate safely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs. This is more than 200% above the amount it had set for.
One of the key features of Coinrule is its easy to use automated trading. The cryptocurrency markets can be very volatile and it can be challenging for investors to stay track of the constantly changing charts. Coinrule lets traders establish trading rules and then examines the market and make trades that fit into their strategy. This means that traders are able to put their cryptocurrency trading on autopilot and not look over charts for hours.
Coinrule also offers built-in trading strategies that traders can select from. There are more than 150 rules available that make it simple for both novice and experienced traders to find a strategy that works for them. Additionally, traders can pause rules at any time and will be sent daily emails with signals for trading which can assist them in adjusting their strategy according to the changing market.
Another wonderful characteristic of Coinrule is its backtesting capabilities. Investors can test their trading strategy by using historical market data in TradingView. They can select the coin they will be trading, the desired time frame as well as the strategy for trading to determine how many trades that the strategy opened and closed, as well as the net profit, the percentage of profit, maximum drawdown, and profit factor. This can be an effective tool for increasing confidence of traders in the trading rules they design.
Coinrule is also compatible with a variety of reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. This means that traders can integrate Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing levels including Starter, Hobbyist Trader, and Pro, offering different options to traders at all levels. Prices vary from $0 through $499.99 per month, and traders have the option of paying either monthly or annually. The annual plans can offer discounts of up to 25%.
All in all, Coinrule offers a user-friendly and convenient experience that can take your cryptocurrency trading to the next level. With features like automatized trading, integrated trading strategies as well as backtesting options, and the ability to support multiple trusted exchanges, Coinrule is a robust instrument that can aid you in making the most of the trading strategies you employ.