Coinrule is a simple to utilize automated trading bot platform which caters to experienced traders as well as novice traders too. It was established in the year 2018 and Coinrule is a UK trading bot platform is available all hours of the day, allowing traders to make the most of the money they make through cryptocurrency trading.
Coinrule provides a broad range of tools available to users whether they know which trading strategies they would like to implement or pick from the hundreds of trading templates. This Coinrule Review will help you decide if it’s the right choice for your needs.
Coinrule Overview
Coinrule
Slick U.I. for the first time users of trading bots
Free daily emails that include trading strategies
Option to open a free account
Aims to provide high-quality trading for new users
Price Free Price Free $449.99 USD/month
Coinrule review – Pros & Cons
Pros
Excellent interface that works for those who are new to trading bots for crypto
Begin with absolutely no risk, thanks to the registration for free
It is compatible With Binance, Coinbase, Kraken and many more.
Cons
There aren’t as numerous features as other trading bots
The most expensive Coinrule tier quite expensive
How to Begin with Coinrule
Coinrule is simple to use for anyone, even beginners. It provides simple “If/Then” parameters which make it simple to create a trade strategy to your cryptocurrency bot and if you’re not sure about the best strategy to implement, you can select one of the trading template they provide. The amount of rules that you can utilize and the number of exchanges you are able to connect to, your trading volume and the available trading templates that you can access will depend on the type of account you have 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
Telegram and Text 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 Available
After you’ve selected the pricing plan you want and then established an account, you’ll have be able to join a crypto exchange by using API keys. They can be found in your account for exchange. Once you’ve created an account with your API Keys you will need to go back onto Coinrule’s Coinrule Dashboard to enter the necessary API details. Coinrule is currently compatible with the following exchanges
Bitfinex
Binance
Binance US
BitMEX
Bitpanda Pro
Bitstamp
Bittrex
Coinbase Pro
HitBTC
Kraken
Liquid
Poloniex
Make/Choose Your Rules
After connecting to an exchange, you are then able to design your crypto strategies trading. Coinrule gives users a comfortable experience that makes the effect of the option you choose evident. This makes the process of creating your own strategies easy for those who are new to the game. After selecting the parameters you want to use in the first step, a tab on the top on the screen will give you a summary of the market conditions you will be following after which, once you have verified your plan, you are able to launch your bot, and it will start trading in real-time. Naturally, it is possible that you could opt to utilize an established trading strategy that professionals have used and tested rather than creating your own strategies.
Coinrule Features
Coinrule offers a variety 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 both professionals and beginners, their objective is to let all users to compete against professional hedge funds and algorithmic traders. They’re able to achieve it by placing emphasis on the product’s usability, which is achieved through an easy-to-use interface and the development of strategies step-by-step that do not require complicated language which means that anyone who is new can design a strategy easily, while an experienced trader can design their plan 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 procedures to safeguard users. The API keys of all users are encrypted using the most advanced security protocols and all private keys are kept on separate data storage, which is secured. Additionally to this, those API keys that link to your Coinrule account to your exchange account don’t provide withdrawal rights. In other words, even if your data were compromised, the funds in the exchange are not able to be taken out using that information.
Trading Strategies
Alongside the trading strategy templates that Coinrule offers, they send daily emails with trading signals for free to assist to adjust your strategies or develop new rules. The templates provided to users offer strategies for trading across the bot world, including stop loss buy the dip and Rebalancing based on price and many more. The templates you can download depend on the pricing plan, however you can create strategies that resemble any of them in the event that you are willing to study and develop your own trading guidelines.
There is no way to test backtesting Coinrule currently however, you can make use of the included Demo exchange. You can test your rules by using the virtual allocation of funds in real time and observe how the strategy performs in the marketplace. The Demo exchange utilizes prices direct from Binance to enhance the credibility of the performance reports.
With a free account, Coinrule is worth giving the chance if you’re looking to see how the platform functions. If you decide that it meets your trading requirements it is possible to 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
