Coinrule Review 2021: The Automated Trading Bot
The world of finance is constantly changing, digital currencies are becoming more popular and acceptable. There is a growing need to democratize finance making it accessible to everyone and creating opportunities for millennials and people less knowledgeable to participate in investing and making wealth. This change in the finance world necessitates innovation and creativity in creating financial products.
Coinrule overview
Coinrule is at the forefront of this change with its automated trading bot that helps people to trade cryptocurrency without learning a single line of code. Coinrule is built on the If-This-Then-That (IFTTT) principle. With this principle you can build trading rules for specific conditions: ‘If the price of Bitcoin goes up 3% and volume goes up 5% within 3 hours, buy $500 of BTC with my USDC wallet’.
Users can pick 'building blocks' via a simple interface to create trading strategies. These rules are then executed automatically via crypto exchanges such as Binance whenever a certain condition as per the rule is triggered. It is safe, easy and makes a trader's life ten times easier.
How does coinrule works
A user can visually create an automatic trading rule based on the If-this-then-that logic that would react to the market or to certain predefined conditions.
A user can select from a number of triggers such as Time, Events. In the conditions part, the user can select from coins available on the selected exchange, coins currently in the user’s wallet on the exchange or any coin that meets a specific criteria. The user has then a number of different customisable options available as well as a set of template rules and defaults to pick from.
Coinrule Features
Coinrule supports about ten different exchanges such as Binance, Coinbase Pro, Okex, HitBTC, Bitstamp, Bitpanda pro, Kraken, Bitfinex, Liquid, Bitmex. It also offers a demo platform to give its users the chance to test and experiment with their trading strategies before implementing them in the live exchange.
Also, there is 24/7 support through the chat interface for technical assistance and help with navigating through the platform. Also, they give users personalized support and periodically arrange calls to give them better understanding of the platform, helping them optimize their strategies.
Also, they have in-house trading specialists who are always available to suggest strategies to beginners and help users encountering issues with their strategies. Coinrule also has a telegram community where professional traders and beginners interact and share strategies.
Coinrule Pricing
Next is the Hobbyist plan, which costs $29.99 per month. You can trade up to $50,000 per month and use more technical indicators with the option of adding two exchanges to your account.
Following this is the Trader plan, which costs $59.99 per month with a trading volume of $300,000 per month. You have access to all the template strategies, can connect three exchanges and get one on one monthly training.
The final plan is the Pro plan at $449.99 per month. You can connect to an unlimited number of exchanges and create 50 rules at a go.
Final Thoughts
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