Coinrule Review: How to Automate Your Crypto Trading in 2024

In this Coinrule review, we’ll find out if Coinrule lives up to its promise of making crypto trading easier. I wanted to see if it could really help simplify things for beginners without requiring coding skills or spending all day staring at charts.

Cryptocurrencies definitely open up some exciting opportunities – but let’s be honest, the crypto markets are complex and extremely volatile most of the time. It doesn’t take long before checking coin prices and trying to time your trades right becomes exhausting.

The big sell seems to be that you don’t need any technical skills to use Coinrule. There are pre-built templates for common trading approaches that you can just plug and play. But does it actually work that well in practice? Can it react fast enough to secure profits in fast-moving crypto markets?

In this hands-on Coinrule review, I’ll take you through the key features, options, pricing, and see how it stacks up for both rookie and experienced crypto traders. Let’s dive in and find out if Coinrule is the solution to simplifying crypto trading once and for all!

What is CoinRule?

Coinrule is a cryptocurrency trading platform that allows you to create your own automated trading rules, or follow 200+ templated strategies without having to use code. The platform syncs directly with most of the top centralized exchanges, so when the rules you define are met, trades execute automatically. Coinrule is designed for both beginners and advanced traders, and it offers a free account to paper trade, backtest and make a limited amount of trades.

In other words, it is a web application that lets you set up trading rules for your cryptocurrency portfolio, using a simple and intuitive interface. You can choose from a variety of conditions, actions, and indicators to create your own rules, or use one of the pre-built templates that are based on popular trading strategies. Coinrule works with over 20 exchanges, including Coinbase, Kraken, Binance, Bitstamp, Bitfinex and more. Coinrule also has a mobile app for iOS and Android devices, so you can monitor and manage your trades on the go.

Key Features and Tools

Coinrule has several features and tools that make it a powerful and user-friendly platform for automated crypto trading. Some of the key features and tools are:

• • No-code interface: Coinrule uses a simple and intuitive interface that lets you create trading rules without writing any code. You can drag and drop the elements of your rule, and see a plain-English summary of what your rule does.
  • Pre-built templates: Coinrule offers over 200 templates that are based on popular trading strategies, such as trend following, breakout trading, mean reversion, arbitrage, market making and more. You can use these templates as they are, or modify them to suit your preferences.
  • Multi-exchange support: Coinrule works with over 20 exchanges, including Coinbase, Kraken, Binance, Bitstamp, Bitfinex, and more. You can connect multiple exchange accounts to Coinrule, and create rules that trade across different exchanges.
  • Live Telegram notifications: This refers to the feature of Coinrule that sends real-time alerts and updates to the users via the Telegram messaging app.
  • One-to-one training sessions: This refers to the personalized coaching and guidance that Coinrule offers to its users to help them improve their trading skills and strategies.
  • Demo exchange: Coinrule has a demo exchange that lets you test your rules without risking any real money. You can run your rules on the demo exchange, and see how they perform on simulated data.
  • Backtesting: Coinrule allows you to backtest your rules on historical data, to see how they would have performed in the past. You can choose from different time periods, and see the results in terms of profit, loss, win rate, drawdown, and more.
  • Notifications: Coinrule can send you notifications via email, SMS, or Telegram when your rules execute, when your portfolio reaches a certain value when the market conditions change, or when there are any issues with your rules or your exchange accounts.
  • Security: Coinrule uses military-grade encryption to protect your data and your exchange API keys. Coinrule does not access your private keys and does not store your funds. You can also enable two-factor authentication for your Coinrule account.

CoinRule Tradingview Signals – Execute Trades Based on Expert Analysis

Tradingview is a popular platform for technical analysis, charting, and trading signals for various markets, including cryptocurrencies. Tradingview signals are alerts that are generated by Tradingview users or indicators, based on certain criteria or conditions. Coinrule allows you to integrate Tradingview signals into your rules, so that you can execute trades automatically based on the signals you receive.

For example, you can create a rule that says “Buy 1 BTC when Tradingview signal is bullish, and sell when Tradingview signal is bearish”. Tradingview signals are useful because they can help you identify trading opportunities, confirm your own analysis, or follow the strategies of other traders.

Read more in Autotrading in TradingView.

Coinrule’s Tailor-Made Advanced Indicators

Tailor-made advanced indicators are custom indicators that are created by Coinrule’s team of experts, based on the feedback and requests of Coinrule’s users. Tailor-made advanced indicators are designed to provide more accurate and reliable signals, based on the latest market trends and data. Coinrule allows you to use tailor-made advanced indicators in your rules, so that you can create more sophisticated and effective strategies.

For example, you can create a rule that says “Buy 1 ETH when the Coinrule RSI is below 30, and sell when the Coinrule MACD crosses above the signal line”. Tailor-made advanced indicators are beneficial because they can help you improve your trading performance, gain an edge over the market, and discover new opportunities.

Discover the top 10 crypto telegram bots for trading, analysis, investing and more.

Should You Let Coinrule Take Control of Your Crypto Portfolio? The Pros and Cons

Coinrule has many advantages, but also some drawbacks, that you should consider before using it. Here are some of the pros and cons of Coinrule:

CoinRule Pros Review:

• • Easy to use: Coinrule has a simple and intuitive interface that lets you create trading rules without writing any code. You can also use the pre-built templates, or the mobile app, to make your trading easier.
  • Works with most exchanges: Coinrule works with over 20 exchanges, including Coinbase, Kraken, Binance, Bitstamp, Bitfinex and more. You can connect multiple exchange accounts to Coinrule, and trade across different exchanges.
  • Offers demo and backtesting: Coinrule lets you test your rules on the demo exchange, or backtest them on historical data, before running them live. This way, you can optimize your strategies and reduce your risk.
  • Secure and reliable: Coinrule uses military-grade encryption to protect your data and your exchange API keys. Coinrule does not access your private keys, and does not store your funds. You can also enable two-factor authentication for your Coinrule account.

CoinRule Cons Review:

• • Trades only on centralized exchanges: Coinrule does not support decentralized exchanges (DEXs), such as Uniswap, Sushiswap, PancakeSwap and more. This means that you cannot trade some of the newer or more exotic coins that are only available on DEXs.
  • Limited free plan: Coinrule’s free plan only allows you to create up to 2 rules and execute up to 7 live trades per month. This is not enough for most traders, especially if you want to use multiple strategies or trade frequently.

Expanding Options for Advanced Coinrule Traders

For expert crypto traders who have maxed out Coinrule’s capabilities, Finestel offers additional tools to further customize and scale your trading. Finestel provides both copy trading as a bot and fully white-labeled social copy trading platforms.

Gain More Control with White Labeled Trading

Finestel’s white label social copy trading software lets you completely customize and brand your own automated trading service. Attract investors by promoting your unique crypto strategies and track detailed performance analytics. Finestel’s back office tools also enable managing billing, fees structures, Telegram notifications and more.

Utilize More Advanced Telegram Bots

Finestel offers an innovative Telegram bot for tracking portfolios, mirroring orders, scheduling reports and customizing branding. This consolidates key information flows into Telegram for smoother operations. For Coinrule power users, Finestel’s Telegram automation helps regain efficiency.

Monetize Top Strategies via Marketplace

Skilled traders can monetize proprietary strategies by listing them on Finestel’s Private Strategy Marketplace. You set your own fee percentage while expanding access to new audiences through Finestel’s network of white label platforms. More platform integration means more earning potential.

Create Your Own MLM Program

Finestel facilitates building customized multi-level marketing affiliate structures with up to 7 tiers. Set your own referral reward rates and equity percentages on subscription or performance fees. The MLM dashboards help manage and track networks.

For advanced crypto traders who have pushed Coinrule to its limits, exploring Finestel’s customizable toolset for copy trading, Telegram automation and monetization may offer new opportunities worth evaluating. The platforms aim to scale specialized trading infrastructure.

Read more about Finestel and its cutting edge features in our “what is Finestel” article.

What Real Coinrule Users Are Saying: Trustpilot Coinrule Review

Coinrule has a 4.2 out of 5 rating on Trustpilot, based on 99 reviews. The majority of the reviewers are satisfied with Coinrule, while a minority are unhappy with it.

The positive reviews highlight the following aspects of Coinrule:

It is easy to use and has a simple and intuitive interface. Reviewers find it has a responsive and helpful customer service team that solves any issues quickly. The platform offers a variety of features and options to customize the trading rules and strategies. Users report it has a good performance and delivers consistent results.

The negative reviews point out the following drawbacks of Coinrule:

It has a limited free plan that restricts the trading volume, rule executions, and telegram notifications. Some users encounter technical issues and bugs that affect the accuracy and reliability of the trading rules. Other complaints mention it has a lack of transparency and accountability when something goes wrong with the platform or the exchange. Additionally, some feel it has a high price for the paid plans that may not be worth the value.

To compare other popular trading platforms, read through these independent reviews: Tradestation review, Pocket Option review, and Fairdesk review.

The Coin Community Speaks: Coinrule Reddit review

Coinrule has a subreddit with 1.1k members, but it is not very active. The subreddit is mostly used by the Coinrule team to share news and updates about the platform, as well as to interact with the users and answer their questions. There are also some posts by the users, who share their feedback, requests, and issues. Additionally, there are some posts by other crypto-related projects, who promote their services or collaborations with Coinrule.

The positive posts emphasize the following benefits of Coinrule:

It has a lot of preset trading templates that can be used or modified to suit different trading goals and styles. The platform has a profitable and efficient trading performance that can generate extra income from flipping cryptocurrencies. Users report it has a supportive and friendly telegram community for the paid users, where they can exchange tips and successful rules. The resources also note it has a lot of educational resources and webinars that teach the users how to use the platform and improve their trading skills.

The negative posts complain about the following issues of Coinrule:

It does not have a market order function for Binance Futures, which is a crucial feature for some trading strategies. Some posts claim it is a scam that steals the users’ money and locks them out of their accounts, and does not respond to their complaints or inquiries. Other complaints say it is not regulated or licensed, and does not have any credibility or trustworthiness.

CoinRule’s Fees and Pricing

How to Use Coinrule?

To use Coinrule, start by signing up with your email and choosing your trading experience level (beginner, intermediate or expert). Next, connect your exchange account to Coinrule. Do this by generating an API key from your exchange’s settings and inputting it into Coinrule.

Once connected, you can create your first rule. Select a coin, condition, action and indicator to build the rule logic. For example, create a rule to “Buy 1 ETH when the price drops below $3000 and the RSI is below 30”.

Customize rules further by adding more detailed conditions, actions, indicators, time frames, frequencies, stop losses, take profits and notifications. Or use a premade template from Coinrule’s library of over 200 strategies, like “Low Volatility Buy & Sell.”

After creating a rule, backtest it against historical data to see performance. Or run it live to execute real trades on your connected exchange account. Users can monitor rules and portfolio results on Coinrule’s dashboards showing live data, charts, statistics and logs. Rules can also be edited, paused, resumed or deleted at any time.

Conclusion

In this Coinrule review, we can see that Coinrule is a cryptocurrency trading platform that allows you to create your own automated trading rules, or follow 200+ templated strategies without having to use code. Coinrule has many advantages, such as its easy to use interface, its no trading fees, its multi-exchange support, its demo and backtesting features, and its security and reliability. However, Coinrule also has some drawbacks, such as its lack of support for decentralized exchanges, its no connections with Gemini, and its limited free plan.

Coinrule has a mixed reputation online, with some positive and negative Coinrule reviews from users on Trustpilot and Reddit. Coinrule is a platform that may suit both beginners and advanced traders, who want to automate their crypto trading and optimize their strategies. However, Coinrule is not a perfect platform, and it may have some technical issues, bugs, or losses. Therefore, it is important to do your own research, test your rules before running them live, and use Coinrule at your own risk.