If you're looking for an easy and convenient way to increase your wealth through automated trading, there are several options out there. Two of the most popular services are 3Commas and Coinrule. Both have their strengths, but which one is the best for you?
Let me explain. 3Commas is a great service with a variety of features that allow traders to set up automated strategies with relative ease. It also offers backtesting for those who want to play around with historical data before diving in. However, Coinrule offers even more features that appeal to experienced and beginner traders alike.
Coinrule has an easy-to-use product design user experience with highly intuitive features such as advanced indicators, TradingView integration, demo wallet, free plan, trailing orders, futures trading and one on one trading sessions. It also has a gamelike platform which allows traders to hone their skills in simulated scenarios before entering the real world of trading. So if you're serious about taking your trading game to the next level then here are some advantages of using Coinrule over 3Commas that you should keep in mind.
What Is Automated Trading?
Do you want to know what automated trading is all about? If you're looking for a way to make money from the markets without being tied to your computer all day, it's definitely something you should look into. Automated trading is where a computer algorithm places trades for you based on your predetermined criteria. This means that, with the help of an automated trading bot, you can set up parameters, such as when to buy and sell certain stocks or currencies and how much to invest in each one.
The two most popular automated trading bots are 3Commas and Coinrule. 3Commas is a simple yet powerful platform that lets users build their own automated strategies, complete with backtesting, paper trading and more. Coinrule is a game-like platform that helps investors increase their profits by making it easier to set up complex rule-based trades.
Coinrule has several advantages over 3Commas. For example, its product design and overall user experience are more modern, while its features—such as the Any Coin Scanner, Advanced Indicators and Demo Wallet—make the process of creating profitable trading strategies simpler and more efficient.
In addition, Coinrule's Free Plan allows users to get started without spending any money upfront and its Trailing Orders feature helps protect profits from sudden market dips or swings. Finally, with its Futures Trading option and One on One Trading Sessions with experienced professionals, Coinrule provides an even more comprehensive way of making money from the markets quickly and safely.
Comparing 3Commas and Coinrule Features
When it comes to automated trading software, there are two big players in the game: 3Commas and Coinrule. While both are powerful tools, they each have different features and applications.
3Commas does offer some features that Coinrule does not—like 4 bots for Market Making, which offers an opportunity for traders to make profits from market volatility by buying and selling repetitively—but its overall design is more outdated. It can also be more expensive than Coinrule, depending on the plan you choose.
But when it comes to user experience and product design, there's no denying that Coinrule is the winner. With a sleek interface and game-like feel, it's easy to use even for first-time traders. It also offers many advanced features like Any Coin Scanner (which finds the most profitable markets), demo wallets (so you can test strategies without any financial risk), and one-on-one trading sessions with experts who will help steer you in the right direction.
Furthermore, Coinrule offers a free plan so you can get a taste of their automated trading software for free before committing to a subscription.
The icing on the cake? Coinrule has trailing orders and futures trading capabilities added to their platform making it even better than before!
How Is Coinrule Better Than 3Commas?
You might be wondering how Coinrule is different from 3Commas, and why you should switch. Let's take a look at some of the features that make Coinrule stand out from the crowd.
Product design & user experience: Coinrule offers an easy to use game-like platform, with a friendly and inviting interface. You don't have to be an experienced trader to understand it—Coinrule is set up so anyone can dive in to trading quickly and easily.
Any Coin Scanner: Coinrule's Any Coin Scanner lets you track prices on over 2,000 coins, so you never miss out on a good investment opportunity. Plus, it's powered by Trading View, so you know you're getting the latest up-to-date info. Advanced indicators & TradingView integration: Coinrule allows advanced traders to access powerful tools like MACD and Stochastic Oscillators that let you dive deeper into the numbers behind the trades. Plus, with its seamless integration with TradingView, getting in and out of trades quickly is a breeze!
Demo Wallet & Free Plan: For those who are just getting started in trading, Coinrule offers a demo wallet that lets you test out your strategies without having to risk real money. And even better—there's a free plan available that gives traders all of the basic features they need to start building wealth!
What Are the Pros of Using Coinrule?
Coinrule has a lot of great features to offer its users. It has an easy-to-navigate product design that makes it easy to understand and use. Even if you're a beginner in automated trading, you don't have to worry—Coinrule's user experience is designed for both novice and experienced traders.
One of the unique features is the Any Coin Scanner. It quickly searches for cryptocurrency trends, whether it be trading alerts or details about a particular coin, and gives you the insights you need in real-time. It’s truly a great tool for traders who want to stay updated on market conditions.
Coinrule also offers Advanced Indicators, which can help traders make more accurate predictions about price movements and other market trends. For example, these indicators can be used to create charts with technical analysis tools such as moving averages and MACD.
What’s more is Coinrule offers a Trailing Stop Loss feature — this lets users set trailing orders that will execute when predefined conditions are met — thereby minimizing losses while providing protection against volatility in the crypto market. With this feature, users can trade with confidence even in the face of market uncertainty or volatility.
Finally, Coinrule’s Futures Trading feature allows traders to take advantage of price fluctuations without actually buying any coins upfront — hence giving them exposure to potential profits without having to own any assets! This makes it easier for traders who are just starting out since they don't have to worry about managing large investments straight away.