The world of trading in cryptocurrency can be quite exciting However, it can be time-consuming and overwhelming in the eyes of many trader. This is the point where Coinrule is able to help. Coinrule can be described as an automatic trading tool that helps traders adhere to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It’s easy to use even for those without coding knowledge, and provides many options to take trades to the highest level.
Coinrule was founded in 2017 in London by a team of cryptocurrency and blockchain enthusiasts. The company aims at making trading cryptocurrency more efficient 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. This is over 200% more than its target.
One of the most important advantages of Coinrule is its easy-to-use automated trading system. The market for cryptocurrency is very volatile and it is often challenging for investors to stay up with ever-changing charts. Coinrule lets traders set up trading rules and then monitors the market and makes trades that fit into their strategy. This means that traders can put their cryptocurrency trading to autopilot and not look over charts for hours.
Coinrule provides integrated trading strategies that investors can select from. There are over 150 trading rules to pick from which makes it simple for both novice and experienced traders to discover the best strategy for them. Furthermore, traders are able to pause rules at any point, and will be sent daily emails that contain trading signals to help them adapt their strategies to market conditions.
Another excellent aspect of Coinrule is its backtesting opportunities. Investors can test their trading rules by using historical market data in TradingView. They can select the coin they will be trading as well as the timeframe they wish to trade, and the trading strategy, and then determine how many trades that the strategy opened and closed, as well as profits net, percentage of profit, maximum drawdown, and profit factor. This can be an effective instrument to increase a trader’s confidence 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 tiers, Starter, Hobbyist, Pro, and Trader, offering different options to traders at all levels. Prices start at $0 and go up to $499.99 per month. traders are able to pay monthly or annually. The yearly plans offer discounts of up to 25%.
In the end, Coinrule offers a user-friendly and easy-to-use experience that can take your cryptocurrency trading to the highest level. With features like automatic trading and built-in strategies for trading, backtesting opportunities, and the ability to support multiple trusted cryptocurrency exchanges Coinrule is a robust instrument that can aid you in making the most out of any trading plan.