Coinrule is a simple to use trading bot that is automated that is geared towards both experienced traders as well as novice traders too. It was established in the year 2018 and Coinrule is a UK trading bot is accessible all hours of the day, allowing users to maximize the profit they earn through cryptocurrency trading.
Coinrule offers a variety of tools to users, whether they know which trading strategies they would like to implement or select from the 150+ trading templates. The Coinrule Review will help you to determine if this is the right choice for your needs.
Coinrule Overview
Coinrule
Slick U.I. for the first time users of trading bots
Daily emails for free with trading strategies
Option to open a free account
Aims to provide the best trading experience to users who are new
Price Free Price Free $449.99 USD/month
Coinrule Pros & Cons
Pros
A solid interface that is suitable for those who are new to bots that trade crypto
Begin with absolutely no risk, thanks to the no-cost sign-up
Compatibility With Binance, Coinbase, Kraken and more.
Cons
It doesn’t have nearly as many features as rival trading bots
The most expensive Coinrule tier quite expensive
Coinrule review – How to Begin with Coinrule
Coinrule is simple to use for anyone, even beginners. It has simple “If/Then” parameters that allow you to establish your strategies for trading with your bots and if you’re not sure of the strategy you would like to implement, you can select one of its trading patterns. The amount of rules that you can utilize as well as the number of exchanges that you are able to connect to, the volume of your trades and the available trading templates that you can access are contingent on the plan you choose for your account that Coinrule provides. four:
Starter (Free)
2 Live Rules, 2 Demo Rules
7 Template Strategies
1 Connected Exchange
Up to $5k per month in monthly trade volume
Hobbyist ($29.99/month)
7 Live Rules, 7 Demo Rules
30 Template Strategies
2 Exchanges Connected
up to $50k monthly Trade Volume
Text and Telegram Notifications
Access to the Trader Community is free. Trader Community
Advanced Indicators
Trader ($59.99/month)
15 Live Rules, 15 Demo Rules
Unlimited Template Strategies
3 Connected Exchanges
Up to $500k in Monthly Trade Volume
Up to $50k in Monthly Trade Volume
Telegram and Text Notifications
One-to-one Training Sessions
Advanced Indicators
Pro ($449.99/month)
50 Live Rules, 50 Demo Rules
Unlimited Template Strategies
Unlimited Exchanges
Up to $3m in Monthly Trade Volume
Telegram and Text Notifications
One-on-one Training Sessions
Advanced Indicators
A Dedicated Server
Ultra-Fast Execution
Exchanges that are available
After you’ve selected the price plan that you would like to use and have registered an account, you’ll be required for a connection to an exchange with API keys. They can be found in your account for exchange. After you have registered the API Keys you will need return on your Coinrule Dashboard to enter the necessary API details. Coinrule has been able to support the following exchanges in the past:
Bitfinex
Binance
Binance US
BitMEX
Bitpanda Pro
Bitstamp
Bittrex
Coinbase Pro
HitBTC
Kraken
Liquid
Poloniex
Make/Choose Your Rules
Once you are connected to an exchange you are then able to design your crypto strategies trading. Coinrule gives users a comfortable experience, which makes the effects of the option you choose evident. This makes the process of creating your own strategy simple for those who are new to the game. After selecting the parameters you want to use and deciding on your strategy, a tab at the top in the webpage will give you a summary of the market conditions your rules must adhere to after which, once you have verified your plan, you are able to launch your bot, and it will start trading in real-time. You could opt to utilize an established trading strategy that professionals have used and tested, instead of developing your own trading strategy.
Coinrule Features
Coinrule is a host of features that make it among the best crypto trading bots available that are available today:
User Experience
Coinrule is a company that caters to novices and professionals. Their goal is to enable anyone to compete with professionals hedge funds and algorithmic trading. They’re able to achieve that by emphasizing the product’s usability, which is achieved through an intuitive interface , as well as the development of strategies step-by-step that do not require complicated language and jargon, which means that a novice can design a strategy quickly, while an experienced trader can design their own strategy however they want. If the user wants to, they can use templates instead of creating their own guidelines.
Security
Coinrule is clear about their security measures that protect their customers. All API keys for users are secured using sophisticated security protocols, and users’ private keys are stored in separate data storage, which is secured. Additionally to this, API keys that connect your Coinrule account to the exchange API keys that link the Coinrule account Coinrule account to your exchange account are not able to permit withdrawal rights. In other words, even if data is compromised, the funds in the exchange can’t be transferred using the information.
Trading Strategies
Alongside the trading strategies templates Coinrule offers, they send out weekly emails that include free trading signals to assist you modify your strategies and develop new rules. The templates are designed to help users develop strategies for trading across the bot world, including stop loss Buy the Dip and Rebalancing based on price and many more. The templates that are available are based on your pricing plan, however you are free to develop strategies that resemble any of them in the event that you are willing to study and develop your own rules for trading.
There is no way to test backtesting Coinrule at the moment but you are able to use the included Demo exchange. You can test your rules by using an actual allocation in real-time and observe how the strategy could have performed in the market. The Demo exchange makes use of prices straight from Binance to enhance the credibility of the data reported.
With a no-cost account, Coinrule is worth giving the chance if you’re curious about how it works. If you decide that it is a good fit for your needs for trading You can upgrade your account to join additional exchanges and gain access to more advanced trading tools.
Other trading bots to test out:
Apex Trader
GunBot
Zignaly
Trade Santa
