The world of trading in cryptocurrency can be very 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 stick to their crypto strategy without the need to constantly monitor the markets. It’s simple to use even for people with no programming knowledge, and provides many options that will help you take trades to the next step.
Coinrule was established in the year 2017 London by a group of blockchain and cryptocurrency enthusiasts. The company’s mission is create a system that makes trading cryptocurrencies easier by offering an automated trading platform which can be integrated safely with several exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, greater than 200% over its target.
One of the most important advantages of Coinrule is its easy-to-use automated trading system. The markets for cryptocurrency can be highly volatile and it can be difficult for traders to keep track of the constantly changing charts. Coinrule allows traders to set up trading rules and then examines the market and make trades that are compatible with their strategies. This means that traders can place their cryptocurrency trading to autopilot and not look over charts for hours.
Coinrule provides built-in trading strategies that traders can select from. There are more than 150 trading rules to pick from, making it easy for both new and experienced traders to choose the best strategy for them. Furthermore, traders are able to pause rules at any point, and will be sent daily emails with signals for trading 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 strategy by using historical market data in TradingView. You can choose the currency they will be trading, the desired time frame and trading strategy, and then check how many trades were opened and closed in addition to its net profits, the percentage of profit maximum drawdown, as well as profit factor. This can be a helpful instrument to increase a trader’s confidence in their trading strategies they develop.
Coinrule has also been able to work with several reliable exchanges, such as Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex and BitMEX. This means that traders can integrate Coinrule seamlessly with any of these platforms.
Coinrule provides four pricing levels that include Starter, Hobbyist Trader, and Pro, with different options for traders at all levels. Prices start at $0 and go up through $499.99 per month, and traders are able to pay monthly or annually. The annual plans can offer discounts of up to 25%.
All in all, Coinrule offers a user-friendly and easy-to-use experience that can boost your cryptocurrency trading experience to the next level. With features such as automatized trading, integrated trading strategies, backtesting opportunities, and support for multiple trustworthy cryptocurrency exchanges Coinrule provides a reliable tool that will assist you in making the most out of your trading strategy.