Coinrule Review – How To Use Coinrule Trading Strategies & Templates
Rene Peters
Selecting the right automated trading tool can be a game-changer for both new and seasoned investors. This is where our comprehensive Coinrule review comes into play, offering an in-depth analysis of one of the most talked-about platforms in the cryptocurrency trading sphere.
Coinrule has garnered attention for its user-friendly interface and innovative approach to automated trading, but does it truly live up to the hype? Our detailed Coinrule bot review aims to uncover the facts behind its growing popularity.
As we delve into the specifics, we’ll explore what sets Coinrule apart in a crowded market. From its array of trading strategies to its security measures, our Coinrule trading bot review will provide you with all the information you need to make an informed decision.
Whether you’re considering Coinrule for the first time or seeking a deeper understanding of its features, our analysis is designed to answer your most pressing questions. Stay tuned as we unravel the details in this Coinrule review, helping you navigate the complexities of cryptocurrency trading with greater confidence.
| 🔍 Feature | Description |
|---|---|
| 💰 Pricing | Coinrule offers various plans including Pro, Trader, Hobbyist, and Starter for traders |
| 📋 Features | Templated Strategies: Over 190 trading strategies available; Security: Encrypted API keys, dedicated private keys, and two-factor authentication; Supported Exchanges: Supports over ten cryptocurrency exchanges |
| 👍 Pros | Ease of Use: User-friendly, including a demo exchange feature; Security: Strong security measures, including two-factor authentication and no storage of funds or personal details |
| 👎 Cons | Limited Exchange Support: Fewer supported exchanges compared to competitors; Limited Cryptocurrency Support: Supports only 40 out of 2000+ cryptocurrencies |
| 🌐 Accessibility | Coinrule is accessible to both novice and experienced traders, offering a range of tools suitable for different skill levels |
| 🕒 Trading Availability | Enables cryptocurrency trading 24/7, maximizing profit opportunities for traders |
What you'll learn 👉
What is Coinrule?
Setting up an automated trading bot is challenging. Without a proper trading background, users usually find it difficult to set each parameter of the trading system correctly. Coinrule is a smart assistant that helps to build a trading bot in a few easy steps and is one of the leading trading platforms in the crypto world.
Coinrule’s approach is unique among competitors. Its If-this-Then-That logic embraces the needs of each experienced trader, and its user-friendly interface allows everyone to create a trading bot from scratch.
All you need to do is to connect your exchange to Coinrule via an API connection. There are detailed guides that will guide you through the process with no hurdles.
Main Features On Coinrule
One of the main competitive advantages of Coinrule is the interface which offers a best-in-class user experience. Unlimited template strategies on Coinrule consist of conditions and actions. All the parameters are selected using dropdowns, so all the options are immediately available. The blocks have a clean and intuitive design. The interface does not use complicated trading jargon so even newbies can find their way between the different options.
Users can create advanced trading systems connecting different conditions using intuitive operators. Thanks to the strategy editor, virtually every trading system becomes achievable.
Not sure how to get started? No problem. Over 150 trading templates help users to create a bot in minutes from the very first login. Coinrule’s support team is also extremely responsive via Live Chat and email.
✅ Buy a coin that has experienced a decrease of X percent over a period with consideration that the coin has a MC (700m) and a Volume greater ( 250m) than X.
✅ IF any coin has RSI greater than 80 in a timeframe of 5 minutes
AND IF that coin has MA (9) greater than MA (50) in a timeframe of 5 minutes
BUY 100 % of that coin with my USDT wallet as market order
AND THEN
IF that coin has price crossing below MA (50) in a timeframe of 15 minutes
SELL 100 % of amount bought of that coin to my USDT wallet as market order
Trading Templates
Depending on the selected plan, users can unlock various templates with prefilled parameters for each strategy.
Coinrule ranks them according to their complexity and the investment style so a crypto trader can quickly find the one that fits their needs. These trading bots cover some of the most common trading strategies for cryptocurrencies.
Some examples of templates are:
- Portfolio take profit and re-buy. Taking profit on price spikes and buying back on retracements
- Buy the dips with stop loss and take profit.
- Rebalance trend following. This strategy helps to reallocate the coins in the portfolio according to their performances on the market.
- Accumulate with a take profit. This allows buying periodically taking profit on price spikes giving the possibility of buying more in the long term.
- Golden Cross Trading. The most popular strategy based on Moving Averages.
- Scalping trading.
- RSI-based strategies.
- Range trading. Buying and selling within a preset price range.
One interesting option is to run these crypto trading bots across all coins available on the market, or all the coins held in the user’s exchange wallet. Thanks to this option, it’s possible to build rules that act as a Global Portfolio Stop Loss or a Global Buy-the-Dip, for example. Including more coins at the same time in a single trading bot significantly increases the possibility to catch more market opportunities.
Even if the bot runs heavy calculations when more coins are added to the strategy, that doesn’t seem to slow down the triggers and the executions. Coinrule is connected directly via WebSocket to each integrated cryptocurrency exchange and that translates into low latencies reactions to market moves.
Below is a quick rundown about the top 3 bots, based on their most prolific properties:
Demo Exchange
Paper trading is a highly requested feature by traders who want to increase their confidence in a specific trading strategy. You can find that on the Coinrule platform. In case you want to test some strategies without the risk of losing your capital, you can try them out with a built-in paper-trading option.
The demo exchange mirrors precisely the market conditions on Binance. All trading pairs available on the exchange can be traded in Demo rules, mode and prices reflect the current market conditions to guarantee more reliable performances of the strategies.
While the rules are running, you can see all the relevant activities and the performances on the activity page. In this way, it’s easy to review how the bot is working and, if needed, you can change some parameters to optimize it.
When you are ready to switch to a live exchange, you can do that in just a few clicks.
Direct orders and dashboard
One typical hurdle for crypto advanced traders is to manage their holdings among different popular exchanges. It’s easy to lose track of the balances of each coin while trading. Coinrule’s unified wallet view helps you with that.
The dashboard has a useful feature to view your balances across all exchanges in a single window. With a single click, you can get a real-time update on the balances and market values of all your coins.
Ready to trade them immediately on the market? Coinrule is not only a platform to develop an automated trading bot but allows you also to buy and sell coins right away, with no need of accessing the exchange where you want to trade.
You only need to select the coin to buy or sell and the base wallet to use for the transaction, the bot selects the trading pair automatically and sends out the instruction as a market order. Each direct order supports up to five trades at the same time. That saves a significant amount of time when you want to rebalance your portfolio manually.
Finally, you can create a trading strategy based on the technical indicators provided by Coinrule.
Security
Coinrule applies advanced protocols of security to protect all the users’ API keys. The company stores the API private keys on separated data storage and encrypts them with the AES-256 standard. Cloudflare protection grants a further layer of security against the risk of DDoS and attacks of different nature.
Most importantly, Coinrule does not accept API keys that have withdrawal right permissions. That represents an additional layer of protection on the user side as there is no risk for the funds to be stolen in case of a malicious attack
Pricing
You can use Coinrule for free with no time limitations with some restrictions in terms of a maximum number of active rules and a few feature constraints. For example, technical indicators are only available on paid subscriptions.
Coinrule offers 4 types of subscription plans and you’ll be charged according to the subscription plan of your choice. We have – Starter Plan, Hobbyist Plan, Trader Plan and Pro Plan.
Here is a break-down of their plans.
Starter Plan
The Starter Plan is completely free and allows you to trade. This contains : 3 conditions per action, 2 Live Rules, 2 Demo Rules, 7 Template Strategies, 1 Connected Exchange and Up to $3k Monthly Trade Volume.
Hobbyist Plan
Hobbyist Plan enables : 3 conditions per action, 7 Live Rules, 7 Demo Rules, 40 Template Strategies, 2 Connected Exchanges, Up to $100k Monthly Trade Volume and access to Binance Futures.
Trader Plan
With the Trader Plan you have access to : 5 conditions per action, TradingView Signals with free 30 day trial for a TradingView paid plan, 15 Live Rules, 15 Demo Rules, Unlimited (190+) Template Strategies, 3 Connected Exchanges, Up to $1m Monthly Trade Volume, Binance Futures, One-to-one Training Sessions.
Pro Plan
The Pro Plan features : 5 conditions per action, TradingView Signals with free 30 day trial for a TradingView paid plan, 50 Live Rules, 50 Demo Rules, Unlimited (190+) Template Strategies, Unlimited Exchanges, Up to $5m Monthly Trade Volume, Binance Futures, One-to-one Training Sessions, Ultra-Fast Execution, Dedicated Server.
The monthly paid plans range between $0 to $449.99 for a Pro version of the platform. All the costs are subject to a discount for those choosing an annual subscription.
Coinrule does not apply any other fee on the trades, so the fixed subscription fee is the total cost you will pay for using the service.
Connected Exchanges
Coinrule supports all the most popular crypto exchanges and more are added regularly. Coinrule currently works on
- Coinbase Pro
- Binance
- Bitstamp
- Binance US
- Kraken
- Bitpanda Pro
- HitBTC
- Okex
- Poloniex
- Liquid
Coinrule.io review – Conclusion
If you wonder is Coinrule legit or is Coinrule safe, we can reassure you that Coinrule is definitely not a scam. It is a UK-based company with its headquarters in London. The company is backed by a group of Angel investors and MKB Bank, a leading financial institution in Hungary.
The customer support is very responsive and provides a handful of useful tips on how to get started. You can reach them using their built-in chat to get assistance in real-time, or posting a request via email or Coinrule’s social networks.
Coinrule offers a great platform for those approaching automated trading for the first time. The user-friendly interface allows building a bot from scratch in a few minutes and the dashboard offers a complete and neat overview of all the activities and performances related to each trading system.
The If-This-Then-That rule logic that backs the platform is a genuinely unique approach that makes the whole experience seamlessly intuitive.
If Coinrule is not to your liking, check out our other guides on its competitors:
- Cryptohopper bot review
- Quadency review
- Bitsgap bot review
- 3Commas cryptocurrency bot review
- Margin bot review
- Gunbot review
- Shrimpy bot review
- Haasbot review
