The world of trading cryptocurrency can be quite exciting however, it can become time-consuming and stressful to many investors. This is where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders adhere to their cryptocurrency strategy without having to constantly monitor the markets. It’s easy to use even for those with no programming expertise, and comes with many options to help you take trades to the next level.
Coinrule was established in 2017 in London by a group of crypto and blockchain enthusiasts. The company aims at making trading cryptocurrency less tedious by providing an automated trading platform that can integrate safely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, more than 200% above the amount it had set for.
One of the main aspects of Coinrule is the easy to use automated trading. The markets for cryptocurrency can be very volatile and it is often hard for trader to keep up with the ever-changing charts. Coinrule allows traders to set up trading rules and then monitors the market and makes trades that are compatible with their strategies. This means that traders are able to put their cryptocurrency trading to autopilot, and not spend hours poring over charts.
Coinrule has integrated trading strategies that traders can choose from. There are over 150 rules available, making it easy for both new and experienced traders to discover a strategy that works for them. Additionally, traders can pause rules at any time, and will be sent daily emails with trading signals that can help them adjust their strategy according to the changing market.
Another great aspect of Coinrule is its backtesting capabilities. The traders can test their trading strategy by using historical market data in TradingView. They can choose the cryptocurrency they will be trading and the time frame they want to use as well as the strategy for trading to check how many trades were opened and closed and also the net profit, the percentage of profit, maximum drawdown, and profit percentage. This can be an effective method to boost confidence of traders in their trading strategies they develop.
Coinrule also supports multiple trustworthy exchanges, including 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 tiers that include Starter, Hobbyist Pro, and Trader, with a variety of options for traders of all levels. Prices start at $0 and go up to $499.99 per month, and traders have the option of paying monthly or annually. Annual plans provide discounts of up to 25 percent.
Overall, Coinrule offers a user-friendly and convenient experience that can boost your cryptocurrency trading experience to the next level. With features like automatized trading, integrated trading strategies, backtesting opportunities, and support for multiple trustworthy cryptocurrency exchanges Coinrule provides a reliable tool that will help you make the most of any trading plan.