The world of trading in cryptocurrency is quite thrilling however, it can become time-consuming and stressful for many traders. This is the point where Coinrule comes in. Coinrule can be described as an automatic tool for trading that helps traders stick to their cryptocurrency strategy without having to constantly monitor the markets. It is easy to use, even for those with no programming knowledge, and provides many features that can take trades to the highest level.
Coinrule was established in 2017 , in London by a group of cryptocurrency and blockchain enthusiasts. Its goal is create a system that makes trading cryptocurrency more efficient by providing an automated platform for trading that can integrate safely with several exchanges. In December 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, over 200% more than its goal.
One of the most important aspects of Coinrule is the easy-to-use automated trading system. The cryptocurrency markets can be highly volatile and it is often hard for trader to keep up with the constantly changing charts. Coinrule lets traders set up trading rules and then examines the market and make trades that match their strategies. This allows traders to set their cryptocurrency trading up to run on autopilot and not look over charts for hours.
Coinrule also offers built-in trading strategies that traders can select from. There are over 150 rules to choose from which makes it simple for both novice and experienced traders to find the best strategy for them. Additionally, traders can pause rules at any time and receive daily emails that contain trading signals that can help them adjust their strategy according to the changing market.
Another great aspect of Coinrule is its backtesting opportunities. The traders can test their trading strategies based on historical market data using TradingView. They can choose the cryptocurrency 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 has opened and closed and also profits net, percentage of profitability, maximum drawdown, and profit percentage. This can be an effective tool for increasing a trader’s confidence in the trading rules they design.
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 use Coinrule seamlessly with any of these platforms.
Coinrule offers four pricing levels that include Starter, Hobbyist Pro, and Trader, with a variety of options for traders of all levels. Prices vary from $0 through $499.99 per month. traders have the option of paying monthly or annually. The yearly plans offer discounts 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 next level. With features like automatized trading, integrated strategies for trading as well as backtesting options, and support for a variety of trusted cryptocurrency exchanges Coinrule is a robust tool that can help you make the most of any trading plan.