Detailed CoinRule Comparison
The term “trading bot” refers to software programs which monitor the markets and make automated trade decisions on your behalf. CoinRule is a dedicated cryptocurrency trading bot.
Even though many cryptocurrency exchanges provide a web interface for personal accounts, there is still a substantial quantity of data that has to be watched in real-time that isn’t always easily accessible on exchanges.
There are more than a hundred markets available to trade in when using cryptocurrency exchanges, and there are over thousands of instruments that may be traded globally.
To be able to keep across of all of the markets, prices, technical indicators, and chart patterns simultaneously, one would need either a large team of analysts or many screens that each focus on a different time period.
Because of this, the usage of trading bots is becoming a preferred approach by a large number of traders!
While care was taken preparing this review, and points were accurate at the time of writing, we wholeheartedly encourage submissions if you are aware of any discrepancy.
– TradeLab Team
What are CoinRule’s Strengths?
Considering that cryptocurrency has only existed since 2009, many automated trading bots struggle to create reliable market forecasts. Therefore, investors must weigh the costs of low liquidity, inadequate protection, and high transaction costs while considering a crypto asset.
Coinrule has made an effort to alter this situation by focusing just on cryptocurrency rather than other trading assets. In practice, it has shown to be the superior choice for algorithmic trading professionals.
In order to help their customers establish trading rules, they provide a library of pre-made trading methods. For instance, in the event that A occurs, B will inevitably follow.
Here, ‘A’ is a rule or precondition that is supplied as part of a template, and transactions only take place if those predefined conditions are consistent with the current market circumstances.
You may set the rules to execute as rapidly as you want. The platform also receives updates that include new trading indicators on a regular basis. When a pre-existing rule set for a certain trading technique is not readily accessible, one has some options to create their own.
Before engaging in any trades, it is essential that you do your own research and understand all applicable security measures. Though it’s beneficial to rely on well-known trading methods as a starting point, creating your own template will mean that you are not simply following the herd.
Where does TradeLab shine?
TradeLab is also an automated trading platform that eliminates the need for programmers to code sophisticated trading logic. Unlike other platforms, TradeLab may aggregate signals from a variety of sources, including TradingView, Tuned, TradingSpider, Crypto Alerting, Twitter, Telegram, and Discord.
When you utilize the free version of TradingView’s bot builder, you may use TradeLab’s bot builder to create a trading strategy that meets your individual needs. TradeLab may be used instantly without the requirement for previous coding experience.
TradeLab users get access to a YouTube channel where they may gain trading information. Users of the website have access to a variety of educational resources for learning about trading, including articles, a huge number of trade videos, and tutorials.
The platform offers a Discord community where users may discuss trade and ask inquiries of other community members.
Availability
Coinrule
Coinrule is compatible with Cloud, Windows, Mac, Linux, iPhone, iPad, Android, and Chromebook operating systems.
TradeLab
TradeLab is accessible through a web browser and a mobile application is in the roadmap. There is even an option under development that will allow users to run their own server.
Pricing
Coinrule
Coinrule is easy for novices. It offers automatic crypto trading, a strategy finder, and free trading signals. Your account type and plan define the number of rules, exchanges, market trade volume, and trading templates you may use, which Coinrule offers:
Starter
Trading platforms are free with the Starter Plan. Three action criteria, two Live Rules, two Demo Rules, one Connected Exchange, seven Template Strategies, and up to three thousand dollars in monthly trading volume.
This approach lets newbie crypto traders test the crypto trading bot in real-time. Users must buy a premium subscription for additional exchanges. For Coinrule online platform usage, register a sample exchange account.
Hobbyist
The Hobbyist plan offers 3 conditions per action, 7 Live Rules, 7 Demo Rules, 40 Template Strategies, 2 Connected Exchanges, Up to $100k Monthly Trade Volume, and Binance Futures for $29.99 per month (paid annually as $359).
Hobbyists may trade up to $100,000 each month. Subscriptions include Advanced Indicators and the Trader Community. Professional traders should follow it.
Trader
The Trader Plan costs $59.99 a month and includes these features and benefits:
- 15 Live Rules
- 15 Demo Rules
- Unlimited Template Strategies
- 5 Connected Exchanges
- Up to $3M Monthly Trade Volume
- Leverage Strategies
- Live Telegram Notifications
- Free Access to Trader Community
- One-to-one Training Sessions
- Advanced Indicators and Operators
- TradingView Integration
If the crypto trader package doesn’t satisfy, advanced traders might choose the pro plan. This package analyzes bear markets.
Pro
The $449.99 Pro Plan includes one-on-one training courses, and other features which are as follows:
- 50 Live Rules
- 50 Demo Rules
- Unlimited Template Strategies
- Unlimited Exchanges
- Unlimited Trade Volume
- Leverage Strategies
- Live Telegram + Text Notifications
- Free Access to Trader Community
- One-to-one Training Sessions
- Ultra-Fast Execution
- Dedicated Server
- Advanced Indicators and Operators
- TradingView Integration
TradeLab
The prices for TradeLab are as follows:
Free 14 Day Trial
Pro: $49 Per Month Billed Annually – UNLIMITED
Strategy Builder
Coinrule
A winning market strategy is a blueprint that adheres to the tenets of technical analysis and market trading volume without ignoring the fundamentals behind a project. For each transaction, traders may refer to a predefined set of rules and actions outlined in a trading strategy template.
Consistency and order may be maintained in trading by following a predefined strategy and using a pre-made template for trades.
Constructing trading strategies on Coinrule is a breeze. To begin, go to the “Create Rule” tab in the top right corner of the Dashboard. You may quickly get started trading and take advantage of any shifts in the market by creating an “If/Then” trading strategy.
TradeLab
Utilizing TradeLab’s built-in builder, you are able to create your own trading strategy. Because TradeLab is powered by a robust and user-friendly framework, it enables practically any trading strategy to be implemented.
In all seriousness, if you can dream it up, and there is an API available TradeLab can make it a reality. You have complete autonomy to develop a trading method that caters specifically to your needs when you use TradeLab.
Furthermore, due to the impressive strength of our rule engine, you are free to let your creative juices flow uninhibitedly. TradeLab is like no other solution, it is literally automated trading re-imagined.
Take Away
If you are looking for an automated trading platform for cryptocurrencies that gives you the ability to execute more complicated strategies… both TradeLab and CoinRule provide an ideal environment.
Should you wish to work with advanced custom strategies, your investment into TradeLab will be invaluable will likely save you hundreds of dollars a month with our unlimited Pro account.
Join our community of people who share similar values, and work with us to create the cryptocurrency trading platform of your wildest imagination. We can ensure that the trading platform caters to the requirements and preferences of all traders if we get feedback from you.