In the ever-evolving digital world cryptocurrency trading is becoming increasingly well-known and has been used as a means of investing in recent times.
The cryptocurrency used by traders is a security and also as anti-counterfeiting measures make it an extremely secure and safe method to trade and earn money.
It is also a bit overwhelming to keep analyzing and learning about the market, but.
To succeed, a trader should be constantly monitoring the market and its trends but most traders don’t have the chance to be glued to a monitor for a long time.
This is the reason automated trading platforms are put into play, like Coinrule which was founded in 2017 and incorporated in the UK under UK law.
Coinrule is specifically designed to assist novice traders in crypto but it could assist the more experienced.
The company assists traders compete against hedge funds as well as professional crypto traders by using their automated trading bots.
The Advantages of Coinrule
The company assists in increasing profits by focusing on rule of trade development and assists traders to develop strategies using its simple-to-use interface.
Another advantage is that it is managed by highly experienced experts with extensive experience in the field and it is designed to ensure that it is running smoothly.
The presence of this team to offer advice is an additional advantage for users.
Principal features of Coinrule
The main features are all advantages of the service which could convince traders to make use of the service.
A simple interface – The most notable characteristic of Coinrule is its interface accessible from all browsers. It’s easy to navigate, does not use technical jargon, and isn’t cluttered with ads and pop-ups.
Supportive cryptocurrency exchange – This service comes with an impressive collection of exchanges it can connect to via the Automated Programming Interface (API). The most well-known exchanges include Bitmap, BitMex, Binance, Liquid, Kraken and HitBC.
Safety – Traders are able to be secure knowing that their information is safe since Coinrule keeps it safe by using encryption. Also, they are safe from hackers with their private keys that prevent withdraws of money from the exchange.
Tools for technical analysis – The technological tools used to analyze data are readily available and extremely user-friendly.
Indicators for technical analysis – These more advanced technical indicators are used to analyze a specific situation for example, the closing price of the specified time frame.
Strategies templates: The company includes more than 130 templates for strategy that are based on bot trading. The team will send daily emails that help the users modify their strategies, and even create new rules as needed. The strategies are set out in the form of Maximise Profit and Purchase Dip, Buy Dip or Divide and Win. There are a variety of strategies that can be adapted built on the ‘If-This-Then This logic.
Superior customer service real-time customer support is available along with comprehensive guides to assist with any issues.
The Beginner Kit is available to anyone who is just starting their journey into trading. It lets users trade up to $3000 per month and restrict the indicator range, but it can be used for a variety of.
Costs There are three pricing plans available: Hobbyist Tier that costs $29.99 per month, and the trader is able to access additional indicators and can exchange up to $50,000 each year. The Trader Plan cost $59.99 per month, and gives traders access to all strategies templates along with two exchanges, monthly training, and priority assistance. You can trade up to $30,000 per month. The Pro Plan for $449.99 offers the trader the ability to trade with a particular service and unlimited exchanges (though you can only make 50 rules at once).
Demo – At present, there is no backtesting, however the built-in demo makes use of the prices of Binance and lets users to test a policy in the form of a virtual allocation to check how it does.
How Do I Make Coinrule Work?
Once the trader has determined what package they’d like to use and is ready to set the rules and select the strategy template.
As previously mentioned, Coinrule uses the ‘If-This-Then-That approach. In other words, if something happens in the market, then your purchase must be fulfilled.
It’s a smart method to ensure your trader’s completely secured and protected.
To make a rule first, you must decide the exchange you want to join.
Make use of one of the numerous templates to design a strategy that is adaptable in some way.
Set the conditions to execute your order as well as the actions to take after the order is completed.
The rule is now set for launch and the trader has total authority over this rule in order to keep from over or under trading and similar.
Setting Up Your Coinrule Account
It’s relatively easy to establish your account. You will need to input an email address, and then enter your password on the sign up tab.
The email address has to be verified with an encryption code. The conditions of use must be negotiated and signed.
The same procedure can be followed when you log in using social media.
Final Thoughts
Coinrule is an incredibly secure and safe trading bot platform that allows novices to develop automated trading strategies by deciding on rules, and applying the ‘If This-Then That method.
It is run by a team of highly experienced professionals who can assist you in the development and implementation of your plans and strategies. They will also be available for any queries.
Coinrule is a unique company in its service offerings, and is becoming more popular.