Coinrule was designed for novices and advanced traders of cryptocurrency. It is possible to create automatized trading strategies that are able to be used on multiple exchanges , such as Binance, Coinbase. etc.
For those who are interested in automated trading This is an intriguing piece of software because it has many advantages.
What exactly is what is Coinrule bot?
Coinrule bot is a software program that allows you to modify trading rules, allowing for automated trading on exchanges supported by Coinrule.
For those who are new to trading, they can begin at no cost however, with only a few features. Advanced traders are able to explore their trading principles without the need to write algorithms.
They can also pick one of the more than 150 trading templates that are automated. Also, you can find trading books for beginners that can be useful to track trading simulations as well as the performance of backtesting.
Coinrule gives crypto traders the chance to compete with automated trading and hedge funds, both of which require extensive programming knowledge. They are working to create automated trading bots that are simple to use.
What is Coinrule?
Coin Rule crypto bot operates by using APIs to connect to exchanges. It lets users handle their wallets so that they can perform trades automatically once all parameters of the trading bot are met.
Coinrule users can connect to exchanges supported via the API and also set the trading rules parameters depending on the type of trading. For those who are new to trading you can also use trading templates and trading paper that are available to try.
Paper trading Couinrule operates on the Binance platform. This is in the event that the trader is not yet ready to take on risk after connecting to the API to the exchange. Users can avail virtual money of 10, BTC as well as 100 ETC in exchange for the risk-free trading of paper.
Coinrule software runs on a browser and doesn’t have mobile apps, which means it is among the flaws of Coinrule. However, users are able to access their dashboard using the mobile version of their browser.
Coinrule Support Exchange
Coinrule bot is only utilized on exchanges that are centralized and is not compatible with the decentralized exchange, or even Dex. The exchanges currently supported include Binance, Coinbase pro, Okex, HitBTC, BitStamp, Bitpanda Pro, Kraken, Poloniex, and BitMEX.
The API settings of every exchange differ from exchange to the next and the details of these settings are listed within the Exchange guidelines on Coinrule.
Product
Coinrule provides four plans that have various features within each plan.
Starter package that includes features such as 2 live rules 2, 2 demo rules, 7 templates available for strategies and also supports one connected exchange
Up to $3k in monthly Volume trade up to $3k per month.
Hobbyst package with features available seven live rules, seven demonstration rules, forty templates strategies and support for two exchanges that are connected and up to $300k monthly trade volume leverage strategies. Live telegram messages and free access to the traders’ communities, sophisticated indicators and operators.
The Trader package includes 15 live rules with 15 demo rules, unlimited templates, 3 connected exchanges that can handle up to $3 million in monthly trade volume the leverage strategy, live Telegram notification and free access to the trader community, training sessions with a one-on-one trainer advanced indicators and traders, tradingView integration.
Package Pro that comes with the most comprehensive features, including 50 live rules and 50 demo rules. unlimited templates Unlimited exchanges, unlimited volume of trade strategy for leverage, real-time Telegram and texts, no-cost access to the community of traders individual training sessions, extremely fast implementation, an exclusive server high-end indicators as well as operators TradingView integration.
Another product offered by Coinrule is Invest that investors can join as shareholders. as of now 658 investors are enrolled in the event for fundraising.
What is the cost of Coinrule cost?
The cost for using Coinrule is based on the cost of using it. Coinrule bot is dependent on the type of package selected as well as the payment method. If the user pays monthly the basic plan is free. The Hobbyst plan costs $39.99 monthly, while the Plan for Trader costs $79.99 per month, and the Pro plan costs $499.99 per month.
The same applies if the payment is annually made and the cost per month is less. If you opt for the free fixed cost starter plan the price is $359. Hobbyst Plan is paid each year at the amount of $29.99 monthly. The $719 Plan for Trader Plan is paid each year which is equivalent to $59.99 monthly. Plan $5,399 Pro is paid every year which is equivalent to $449.99 per month.
Customers are able to select a plan that meets their requirements and preferences, and they are able to cancel at anytime.
How do I make use of Coinrule
How do I utilize Coinrule to sign up, users need to register first with an email address and then enter the password.
During the registration process first, you will be asked questions about their trading experience. There are beginner, intermediate and expert options.
After that, select the preferred coin. Users could select ETH and BTC. Additionally, Coinrule will provide recommendations on strategies such as Low Volatility Buy and sell, as well as for the Golden Cross Trading, and Maximized Scalping. Users have the option of choosing three.
The user can then modify the settings for the strategy such as employing the Moving Average, and so on.
The following Coinrule will be developed “If this is more than that” basing its strategy on that after connecting the account and to the exchange, will be able to work automatically.
The users can also download templates with hundreds of templates available to select from within a few clicks.
The Connect API can be used to connect with exchanges.
Coinrule Bot is functioning in conjunction with an exchange, and each exchange follows the exact procedures. The first user to login into an exchange accounts then locates the API management process by going the steps step-by-step and copying the API information in Coinrule and pasting it into API of the exchange’s management.
The steps required to connect to the API for management can be found on the Help page.
Coinrule helps support exchange
While some exchanges are not supported by Coinrule The ones that do by Coinrule are the most popular and most prestigious exchanges.
Binance
Binance the largest exchange that manages Bitcoin transactions of more than 5percent daily on average of all exchanges.
Coinbase pro
Coinbase Pro is the third-ranked exchange following FTX with an average 701 liquidity and daily volumes of more than $2 billion.
OKEx
The exchange has a score of 517 for liquidity, with the typical daily turnover of 4 billion dollars. The score on Coinmarketcap is currently below Bybit as of writing.
HitBTC
The average transaction volume for HitBTC amounts to $3 billion. however, it’s not the most popular exchange. HitBTC offers an exchange that has the ability to support over 800 trade pairs.
BitStamp
BitStamp transactions are not tracked, but the exchange is operated by Coinrule.
Bitpanda pro
Bitpanda Pro is designed to cater to experienced traders. It is an exchange located in Europe The platform was developed through the Bitpanda exchange.
Kraken
Kraken is ranked Kraken as fourth after Coinbase and Coinbase, with an average of 723 transactions per day. Kraken boasts an average daily volume of $790 million.
Poloniex
Poloniex scores 6.3 as of the time of writing, and has an average liquidity of 511 with an average daily volume in the range of $46million.
BitMEX
BitMEX is an untracked exchange There isn’t any information about this exchange on Coinmarketcap thus there’s no information on the average daily volume or market transactions.
Template strategy
Different strategy templates can help novices to select a suitable template. Based on experience from users the most popular Coinrule Template strategy is to purchase weak points in the bull market.
These rules employ the RSI indicator when the level is lower than 35 which is an oversold value, in which case it is also using MA 9 and MA 200.
The plotting of all indicators is on the timeframe M15, using rules when the RSI is lower than the 35 levels, and nine MA is higher than the 200 MA that indicates an underlying trend.
In addition to buying and sell dips of the template for bull markets there are other templates like Grid trading within an a-range multi-timeframe RSI scalping Grid trading strategy and more. The template selection is greater than 150.
Coinrule invest
Coinrule has also raised funds via the Seedr platform, with a goal of PS250.002. Coinrule also raises money via the Seedr platform, with a goal of PS250.002. At present, Coinrule is successful in fundraising, having raised PS531,423 from 658 investors.
