The world of cryptocurrency trading can be quite exciting However, it can become time-consuming and stressful for many traders. This is the point where Coinrule is able to help. Coinrule can be described as an automatic tool for trading that helps traders stick to their cryptocurrency strategy without the need to constantly be on the lookout for market trends. It’s simple to use, even for those without coding knowledge, and provides many options that will boost your trading to the next step.
Coinrule was founded in 2017 , in London by a group of blockchain and cryptocurrency enthusiasts. The company aims to make trading in cryptocurrencies less tedious by providing an automated trading platform that is able to integrate securely with various exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than its target.
One of the key features of Coinrule is its easy to use automated trading. The markets for cryptocurrency can be extremely volatile, and it is often challenging for investors to stay up with ever-changing charts. Coinrule lets traders establish trading rules and then analyzes the market and then makes trades that are compatible with their plan of action. This means that traders can place their cryptocurrency trading on autopilot, and not spend hours poring over charts.
Coinrule provides integrated trading strategies that traders can select from. There are over 150 rules to choose from which makes it simple for both new and experienced traders to choose the best strategy for them. Additionally, traders can pause rules at any time, and will be sent daily emails that contain trading signals to help them adapt their strategy to the market.
Another excellent feature of Coinrule is its backtesting opportunities. Investors can test their trading rules on historical market data using TradingView. They can choose the cryptocurrency they plan to trade and the time frame they want to use and trading strategy, and then determine how many trades that the strategy opened and closed and also profits net, the percentage of profit maximum drawdown, as well as the profit ratio. This can be a helpful tool for increasing a trader’s confidence in their trading strategies they develop.
Coinrule has also been able to work with several reliable exchanges like Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. So, traders are able to use Coinrule seamlessly with these platforms.
Coinrule provides four pricing levels, Starter, Hobbyist, Pro, and Trader offering different options to traders of all levels. Prices start at $0 and go up to $499.99 per month, and traders can choose to pay each month or annually. Annual plans provide discounts of up to 25 percent.
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 such as automated trading, built-in trading strategies, backtesting opportunities, and the ability to support multiple trusted trading platforms, Coinrule is a robust instrument that can help you make the most out of any trading plan.