The world of cryptocurrency trading can be very exciting However, it can become time-consuming and stressful in the eyes of many trader. This is the point where Coinrule comes in. Coinrule is an automated tool for trading that helps traders stick to their crypto strategy without having to constantly be on the lookout for market trends. It’s simple to use even for those without coding knowledge, and provides many options to help you take your trading to the next level.
Coinrule was established in the year 2017 London by a group of cryptocurrency and blockchain enthusiasts. The company aims create a system that makes trading cryptocurrencies 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) through Seedrs, greater than 200% over the amount it had set for.
One of the main aspects of Coinrule is the easy to use automated trading. The market for cryptocurrency is extremely volatile, and it is often difficult for traders to keep up with constantly changing charts. Coinrule allows traders to set up trading rules and then analyzes the market and then makes trades that fit into their strategy. This allows traders to put their cryptocurrency trading up to run on autopilot and not look over charts for hours.
Coinrule provides 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 an approach that is suitable for them. Furthermore, traders are able to pause rules at any time, and receive daily emails that contain trading signals which can assist them in adjusting their strategy to the market.
Another excellent characteristic of Coinrule is its backtesting capabilities. Traders can test out their trading strategies based by using historical market data in TradingView. You can choose the currency they intend to trade, the desired time frame, and the trading strategy to determine how many trades that the strategy opened and closed, as well as the net profit, percentage of profitability as well as the maximum drawdown and profit factor. This is a useful instrument to increase a trader’s confidence 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. This means that traders can connect Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers that include Starter, Hobbyist Pro, and Trader, offering different options to traders of all levels. Prices start at $0 and go up and up to $499.99 per month, and traders are able to pay either monthly or annually. The annual plans can offer discounts of up to 25 percent.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can elevate your trading in cryptocurrency to the highest possible level. With features such as automated trading, built-in trading strategies as well as backtesting options, and support for multiple trustworthy exchanges, Coinrule can be a powerful tool that can assist you in making the most out of any trading plan.