Coinrule is an easy to use automated trading bot platform that caters to both experienced traders and novice crypto traders alike. Founded in 2018, the UK based trading bot platform operates 24/7 allowing users to maximize the profits they can make from cryptocurrency trading. Coinrule provides a wide range of tools for users whether they have an idea what trading strategies they want to use or want to choose from 150+ trading templates available. Our Coinrule Review will help you determine if it is the right platform for you.
By: Evan Jones | Sep 4, 2020 | Modified Sep 8, 2020
Coinrule is easy to use even for beginners. They provide easy “If/Then” parameters that make it easy to set up your trading strategy for your crypto bots, and if you are unsure of what strategy you want to use you can choose from their trading templates. The number of rules you can use, number of exchanges you can connect to, your trade volume, and your available number trading templates you have access to depend on your account type/plan, of which Coinrule has 4:
Once you have picked your pricing plan and created an account you will need to connect to a cryptocurrency exchange using API keys, which are located on your exchange account. Once you have created your API Keys you will need to return to the Coinrule Dashboard to enter the required API information. Coinrule currently supports the following exchanges:
Once connected to an exchange you can then create your strategies for crypto trading. Coinrule provides a pleasant user experience that makes the impact of the parameter you choose obvious. This makes creating your own strategy straightforward even for beginners. After choosing your parameters, a tab at the top right of the page will summarize the market conditions that your rules will follow, and once you verify your strategy you can launch your bot and it will begin trading in real time. Of course, you can always choose to use a proven trading template that professional traders have tried and tested instead of creating your own strategy.
Coinrule has a number of features which make it one of the top crypto trading bot platforms on the market today:
Coinrule aims to cater to beginners and professionals, their mission is to allow everyone to compete with professional algorithmic traders and hedge funds. They are able to do this by focusing on product usability in the form of an intuitive interface and step-by-step strategy development that does not involve complicated terminology, meaning that a beginner can create a plan with ease, and a professional can make their strategy any way they like. Should the user wish they can simply use a template rather than create their own rules.
Coinrule is very clear in their security measures to protect their users. All users’ API keys are encrypted with advanced security protocols, and all users’ private keys are stored on segregated data storage that is also encrypted. In addition, the API keys that connect your Coinrule account to you exchange account do not allow for withdrawal rights, meaning even if the data was hacked, funds on the exchange cannot be withdrawn with that information.
In addition to the trading strategy templates which Coinrule provides, they also send out daily emails with free trading signals in order to help you adjust your strategies and create new rules. The provided templates offer users strategies used across the trading bot landscape including stop loss, buy the dip, price-based accumulation, rebalancing and more. The templates available to you are dependent on your pricing plan, but you are free to create a strategy that mimics any of the templates should you be willing to research and build your own trading rules.
You are not able to backtest on Coinrule at this time, but you can use their built-in Demo exchange. The trader can test their rules using a virtual allocation in real-time and see how the strategy would have performed on the market. The Demo exchange uses prices that come directly from Binance to improve the reliability of the reported performances.
With a free account option, Coinrule is worth giving a try if you are interested in seeing how the platform works. If you find that it suits your trading needs, you can always upgrade your plan in order to connect to more exchanges and get access to more powerful trading tools.