Crypto Autopilot as a Coinrule alternative
Are you trying to decide which tool to use to invest in crypto? This page will help you do just that. Below you'll find a concise comparison between the OSOM Crypto Autopilot and Coinrule, to help you choose a better tool for your needs.
Is Osom App a good Coinrule alternative?
Coinrule is a very robust and easy-to-use automated trading bot platform. It aims to create a space for both inexperienced and professional traders alike. The platform boasts a very intuitive interface and a step-by-step trading strategy development tool. It operates on a monthly subscription fee, with a free plan with which you can set up limited free trading bots.
Coinrule offers over 150 various trading strategy templates for automated trading. These vary from stop-loss, short and long strategies, scalping, DCA, to grid trading strategies. These templates are a great way for beginners to easily start with automated trading bots. They can also serve more experienced crypto traders who would modify them in accordance with their crypto trading strategies. Coinrule also sends daily emails containing trading signals to all the paying customers. This lets users adjust their crypto trading strategies on a daily basis. Users of Coinrule have the ability to backtest their trading strategies using TradingView. Although it's not a bulletproof solution, it may help increase confidence in your automated trading strategies.
If you are a new trader or don’t plan on trading high volumes each month, a free Coinrule plan might be worth a try. However, if you’re a more serious trader you may have to pay up to $500 each month to keep using the trading platform. If you don’t want to be trading and would rather enjoy life, OSOM might be a better alternative.
With Coinrule you will need to decide what coins you invest in and when to stop. You will need to monitor the market to make sure to exit positions at the earliest sign of trouble. With OSOM, you leave it up to the team to review the investable universe daily and the algorithm to decide what portfolio to build.
Trading bots on 3Commas are highly customizable, giving users a lot of freedom to build their trading strategy
The abundance of different trading tools unfortunately comes at the price of being overwhelming to many inexperienced traders. Not all users may understand the differences between a grid trading bot and a DCA one, as well as when and how to use them effectively. Not only that but there are also smart trading tools features and purchasable trading signals.
This is why 3Commas lets users view other crypto trading bots' settings on the platform and copy them for themselves. This option allows inexperienced users to copy the trading strategies of professional traders for themselves.
3Commas works on a subscription model and offers a lifetime free account with limited options to set up free trading bots.
However, they require a lot of knowledge and time to set up properly. If you're looking for something that's set up "straight from the box", the Osom Autopilot might be a better fit for you.
Because even copying the trading strategies of others is risky. If they abandon their account, get locked out, get ran over by a car or go on vacation, you might keep following a dead strategy without knowing it.
If you don’t choose to blindly follow someone, to use 3Commas effectively you will need to research what coins to take positions in, and when to stop. You will need to research trading signals and follow the 24/7/365 crypto markets closely.
With OSOM, you leave it up to the team to review the investable universe daily and the algorithm to decide what portfolio to build. If you don’t want to be trading and would rather enjoy life, OSOM might be a better alternative
| Feature | OSOM | Coinrule |
|---|---|---|
| Ease Of Use | ||
| Trading Experience Required | ||
| Monitoring And Management | fully automatic | partially automatic, when configured |
| Performance History | full | Only back testing available |
| Head Office In | Estonia | United Kingdom |
| Trustpilot Rating | 4.1 | 4.4 |
| Affiliate Program Available |
OSOM Feature highlights
Full transparency
See monthly reports of your crypto basket holdings on our blog and our actual historical performance on the Autopilot Page