The world of trading in cryptocurrency is quite thrilling however, it can be time-consuming and overwhelming for many traders. This is the point where Coinrule comes in. Coinrule is an automated trading tool that can help traders adhere to their cryptocurrency strategy without having to constantly keep track of the market. It’s simple to use even for those with no programming knowledge, and provides various features that can take trades to the next level.
Coinrule was established in 2017 in London by a team of blockchain and cryptocurrency enthusiasts. The company aims at making trading cryptocurrency easier by offering an automated platform for trading which can be integrated safely with various exchanges. In December of 2020, Coinrule raised over PS500,000 ($700,000) on Seedrs, more than 200% above the amount it had set for.
One of the main advantages of Coinrule is its user-friendly automated trading. The markets for cryptocurrency can be extremely 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 fit into their plan of action. This allows traders to put their cryptocurrency trading to autopilot and not have to spend hours poring over charts.
Coinrule provides integrated trading strategies that traders can choose from. There are more than 150 rules to choose from that make it simple for both experienced and novice traders to find a strategy that works for them. Furthermore, traders are able to pause rules at any point, and will be sent daily emails with signals for trading that can help them adjust their strategies to market conditions.
Another wonderful characteristic of Coinrule is its backtesting capabilities. The traders can test their trading rules on historical market data using TradingView. You can choose the currency they intend to trade and the time frame they want to use as well as the strategy for trading and check how many trades the strategy has opened and closed and also its net profits, percentage of profitability as well as the maximum drawdown and profit factor. This can be an effective instrument to increase a trader’s confidence in the trading rules they design.
Coinrule has also been able to work with several reliable exchanges, including Binance, Coinbase, OKLEX, HitBTC, Bitstamp, Bitpanda, Kraken, Poloniex, and BitMEX. So, traders are able to integrate Coinrule seamlessly with these platforms.
Coinrule offers four pricing tiers, Starter, Hobbyist, Trader, and Pro, offering different options to traders at all levels. Prices range from $0 and up to $499.99 per month, and traders are able to pay each month or annually. The yearly plans offer discounts of up to percent.
All in all, Coinrule offers a user-friendly and convenient experience that can elevate your trading in cryptocurrency to the highest level. With features such as automatized trading, integrated trading strategies, backtesting opportunities, and support for multiple trustworthy cryptocurrency exchanges Coinrule provides a reliable instrument that can help you make the most of the trading strategies you employ.