TOP TRADING BOTS
In a hurry?
The best Coinrule alternative in 2023, as found in our independent testing, is Pionex!
If you are about to step into the world of cryptocurrency, there are two distinctive features of this market that you must brace yourself for.
First, the crypto market never closes; it is always open, all 24 hours a day and 365 days of the year. Second, the market is highly volatile.
Whether it is an increase or decrease, there almost always is a sharp fluctuation in the prices of digital assets.
These two features combined make a constant monitoring of the market crucial for traders. It is paramount for traders to be alert if they wish to make effective and profitable trades.
However, it’s a very laborious task for manual traders or people who trade only as a hobby but need to keep up with their day jobs to earn a living.
The cryptocurrency trading bots hold an important place in this scenario because they help overcome the limitations associated with manual trading.
Essentially, a cryptocurrency trading bot is a software programmed to help automate the trading process for traders by executing some trading strategies or rules predetermined by them.
These trading bots carry out many functions to facilitate traders, such as analyzing and interpreting market data and trends, calculating risks, buying/selling/holding of digital assets, and reacting to changes in the market 24/7.
One such intelligent assistant is Coinrule, which allows cryptocurrency traders to create trading bots without writing a single line of code.
Coinrule is a “Crypto lego toolbox” that will enable users to develop numerous trading strategies, apply them, and keep a check on their performance over time.
It’s a cloud-based platform that lets users automate their trades entirely, allowing them to earn profits even while sleeping.
Users can design their trading tools from scratch or select from over 150 pretested templates for trading rules.
The platform relies on a fundamental principle, called the “If-this-then-that” principle. It is a system that enables users to create conditions that, when met, trigger a specific action.
Users can choose from a wide variety of triggers, including time, events, etc.
This principle simplifies the process of creating trading rules, making the platform more comprehensible to newcomers, frequent traders, and hobbyists.
Supporting 10 different exchanges, Coinrule also offers a demo exchange feature that utilizes real-time data from Binance.
This allows users to test the success of their rules before launching them live.
Despite all the customization tools it provides, if you are looking for a Coinrule alternative that lets you access equally good bots, the following are some of your options:
Best Coinrule Alternatives in 2023
1. Pionex
The rising star in the automated crypto trading world, Pionex, is an excellent Coinrule alternative.
Launched in 2019 and based in Singapore, Pionex is one of the world’s most promising crypto exchanges.
- Price: FREE
- Types of Bots: Arbitrage Bot, Grid Trading Bot, Copy Trading, Social Trading, Martingale Bot, Spot-Futures Arbitrage Bot, Rebalancing Bot, DCA, etc.
- Supported Exchanges: Huobi, Binance, Pionex
- Mobile App: iOS & Android
Pionex has 16 built-in trading bots, unlike standard cryptocurrency exchanges that require you to link a trading bot for automation.
From a trader’s point of view, the crypto trading process is simplified by having an exchange that has its trade automation tools.
Trading Bots Available On Pionex
As mentioned already, Pionex has 16 free bots for users to pick from, each with its own set of features.
Following is the list:
- GRID Trading Bot (Grid Trading Bot)
- Reverse Grid Bot
- Spot-Futures Arbitrage Bot
- Smart Trade Bot
- Leveraged Reverse Grid Bot
- DCA Bot (Dollar-cost averaging)
- Trailing Sell Bot
- Trailing Buy Bot
- TWAP Bot
- Martingale Bot
- Moon Bot (BTC/Moon – ETH/Moon)
- Stop Limit Bot
- Infinity Grids Bot
- Leveraged Grid Bot
- Margin Grid Bot
Pros and Cons of using Pionex Trading Bots
2. Bitsgap
Launched by a group of traders, security experts, and marketers in 2017, Bitsgap is another excellent Coinrule alternative.
To become the all-in-one tool and offer all functionalities that users need to get started on managing their portfolios effectively, Bitsgap has enabled multi-exchange trading through the Tradingview platform.
It has become a trading terminal, allowing traders to switch between 30 different exchanges.
Still, allowing access to automated trading bots has also reduced the time and effort required for consistently earning profits in the cryptocurrency market.
If you don’t want to spend money on buying or renting a ready-made, the option of creating a trading bot may seem highly appealing.
It is doable, but it will take time and maybe beyond the capabilities of novices.
It is possible, but it will take time and maybe beyond the capabilities of beginners.
That’s where the pre-configured, back-tested, and utterly automated trading bots at Bitsgap become the appropriate Coinrule alternative for you.
Trading Bots Available on Bitsgap
The selection of pre-built trading bots, making it an excellent Coinrule alternative, include the following:
- Trailing Up & Down for bots
- Classic Bot
- Grid Bot
- Scalper Bot
- SBOT Bot Strategy
- Arbitrage Bot
- Future Trading bots
Pros and Cons of using Bitsgap Bots
3. Quadency
Another Coinrule alternative is Quadency. It is a trading terminal and holds an important place in the Crypto trade automation domain.
Not only does it unify the different exchange accounts of traders under one roof, but it also hosts a multitude of trading bots.
Ranging from the most simple algorithms to the most advanced ones, these trading bots cater to traders’ needs, goals, and experience levels and execute a variety of different strategies.
Created in 2018, this crypto trading platform supports almost all significant exchanges.
Trading Bots Available On Quadency
Following is the list of some trading bots that can be easily accessed on Quadency to automate the crypto trading process:
- Mean Reversion
- Multi-level RSI
- MACD
- Portfolio rebalance
- Grid Trader
- Accumulator
- Bollinger Bands
Pros and Cons of using Quadency Trading Bots
4. Botsfolio
Created with mainly the risk-averse beginners in mind, Botsfolio is a Crypto trading platform that helps with the efficient portfolio management of Crypto traders.
It designs trading portfolios for traders based on their risk appetite, focusing on protecting their investment from the crypto market’s volatility.
Using the same technique that Hedgefund managers are likely to use, Botsfolio helps traders lower their anxiety levels in the face of market volatility.
Botsfolio users don’t have to bother creating trading strategies or rules because the platform handles everything according to their investment goals and risk tolerance.
Various features of this platform can help users analyze the market, provide more insight into genuine worth, and enable them to purchase assets at meager prices for profit maximization.
Beginner-level traders may find Botsfolio the perfect Coinrule alternative because it doesn’t require users to have any prior knowledge of configuring trading bots to benefit.
Botsfolio claims that the platform may be used by anyone with any level of trading experience.
It assists traders in establishing a trading strategy based on their responses to specific questions following registration.
The bot can figure out their investment goal and how much risk they want to take and then uses that information to design an investment strategy.
Also, it comes with no hidden charges; rather an efficient mobile application.
Trading Bots Available on Botsfolio
Following are the types of bots working on trader’s behalf, executing a different set of strategies:
- Long bot
- Scalper bot
- Swinger bot
- Trendy Bot
- Hedge Bot
Pros and Cons of using Botsfolio Bots
5. Mudrex
Founded in 2018, Mudrex is yet another Coinrule alternative that offers algorithmic trading to its users.
It is an excellent platform for people who are just getting started with cryptocurrency trading bots.
Apart from a simple user interface, it has other innovative features too that help users create bots and strategies tailored to their own trading goals without any coding or programming knowledge.
The platform has a user-friendly strategy builder for crypto trading that allows you to create, test, and implement various trading methods.
The builder even includes a back-testing engine for determining your bot’s efficiency.
Trading Bots Available on Mudrex
Mudrex allows users to develop any bot from scratch or even lets you purchase any kind of bot pre-built by other traders.
Pros and Cons of using Mudrex Bots
Conclusion
It is a well-known fact that investors can use cryptocurrency trading bots to obtain an advantage over other traders.
Automating procedures and actions undoubtedly gives you a better chance to compete with those who want to generate high profits.
Therefore, the 5 best Coinrule alternatives in 2023 have been discussed in this article.
Reading through each Coinrule alternative carefully, you may have realized that Mudrex is a good option, offering all the features that Coinrule does, but with better implementation.
However, our top pick remains Pionex for the following reasons:
- Access to trading bots is free.
- All trading bots are pre-configured, so no coding skills are required.
- Beginners with little or no knowledge of the market or trading bots have access to detailed tutorials.
This, however, is merely an opinion. You are always welcome to carefully weigh all options and choose your favorite Coinrule alternative!
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Written by Jason Wise
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