Nov 17, · Bitcoin hovering around all-time highs. If a digital asset is backed by something liquid, fungible and tangible, it will track the price of that asset rather than the crypto market as a whole. May 07, · Bitcoin Profit is a trading software created by a man known as John Mayers who described himself as a developer and CEO of the Bitcoin Profit program. He even claims that you will be earning 10 thousand per day using his trading software. Profit trailer ethereum or Bitcoin is letter a new currency that was created In away an unknown person using the also known as Satoshi Nakamoto. proceedings area unit made with no middle men – message, no banks! Profit trailer ethereum or Bitcoin can be misused to book hotels on Expedia, shop for furniture off Overstock and buy Xbox games.
Profit trailer bitcoin talkMost advanced crypto trading bot - ProfitTrailer No. 1 Bot
See more about RSI here:. The bottom of the spikes in the white spaces seen here would probably represent around figures of -2 to Also on longer timeframes you are far less likely to be hit by a heavy bag. Personally my strategy with takeprofit is that on an uptrend amd normal market, I have it switched off by default Why exit a position early when it could still run further?
But in a downtrend, slow or neutral market or if the coin starts tanking suddenly I use a set of overrides they will automatically identify what is going on and act accordingly with PT Feeder and in some scenarios takeprofit will act as a stoploss as you can also set takeprofit as a negative number to act in this way.
It just goes to show there are many ways to profit with the bot, you could test using small amounts until you find a method you like. If you changed it to say seconds 15 mins and EMAs to 20 and 3, you would get much sharper faster movements, which could be good for quick short sharp profits scalpers would use this. Using , this is my personal preference generally and changing the EMAs to 30 and 15 will give you much smoother slower movements which are better at riding downtrends and buying closer to the bottom, but you will get less buys and sells.
With BB buy you can get it to buy within a range of a BB band on a timeframe. The thick red line shows the end of the buy zone. On the flip side I have also used positive BB of between 0 to 25, sometimes the price does not reach the bottom of the BB band before reversing so positive BB does have advantages over negative BB- I suggest you look at a number of candle movements in relation to the BB band on different timeframes to get a sense of how prices go. Because of the way Bollinger bands work, i.
On PT 2. I would not turn DCA on until you understand what it does or how to tweak it. What I do is limit the number of buy times to 4 or 5 max the default is 6- which is fine if you are making very small initial buys, but my buy amounts tend to be a little bigger- I tend to use about 1.
I have through testing and observing price action also devised a method which is as close to only having DCA buy when there is a clear trend change and as prices start passing through the Ichimoku Cloud- for those of you who are unfamiliar with the term it is a master trading strategy where you measure the trend current based on the position and movement of the candles to the cloud, shape and colour of the cloud.
This is something I will explain in detail to any coaching client. To manage risk I would suggest that you do some calculations to work out the amount of your total balance you wish to allocate for a pair to DCA. Of course each pair will be at different stages of the market cycle and I watch each of them individually a small number I may sell at a loss manually. There is also an automatic stop loss feature for PT which can be turned on. My view is that you should not use both DCA and stop loss, use one or the other.
This can be very effective if you know how to use it. Let me give you a big tip, do not put your buy triggers to small numbers like Level 1 -2, level 2 -3, level 3 -4 etc as you will quickly be unstuck during a normal correction, and will be extremely painful during a real crash!
The reason why is that if the market turns, you will quickly run out of btc balance to DCA if you set such small triggers, and you can end up as many newbies who use such settings have done with some disastrously disproportionately large bags. I would set Level 1 to at least or I sometimes have it as high as ! Sometimes I will leave DCA level 1 on Anderson very large say to so that the vast majority of coins only need a single DCA hit before being sold.
Ideally your bag should be gone by the first 1—2 levels and level 3, 4 and 5 should only be kept for last resort , and it will be almost impossible for any coin to even reach level 5 the way I use Anderson. I would encourage you to look at some price charts on Tradingview , and you may notice that when a coin dips especially after it collapses underneath the cloud on the Ichimoku Indicator, and you see a red twist of death showing trend change imminent , it can dip further and longer than than you expect, which is why even your first DCA, in an ideal world should be at the right at the bottom when the coin has stopped tanking.
To me it makes no sense at all and is also suicidal from a risk management point of view to have DCA as quick as 2, 4, even 8. I now also have a special override group using PTF where in extreme market conditions your. Level 4 to -and as you can almost no coins will ever reach as far as L4,5 except for in an extreme crash and I might have panic sold long before that anyway! The wisest thing of course would have been to sell it early of course, but most newbies and even some more experienced PT users- but not me of course, ha decided to keep their DCA settings on aggressive.
Are my figures beginning to make sense now? Take my advice and think about it and ignore anyone who just throws out random settings.
Some of you may have noticed Red Pulse, RPX which as far as I know is a coin with a great future, however it dumped bigtime upon release. When a coin is released to an exchange, typically it has some very unnatural price movements for the first few weeks.
Using stop losses vs DCA. I have at times used the automatic stop loss though most of the time I will DCA intelligently or stop loss manually. One method of using a stop loss I have used is to set it around , set a rebuy timeout- where it will not rebuy after firing the stop loss for a set amount of time you set it to in minutes.
He added he wished he had read my advice first before setting his levels to such tiny triggers! Profit Trailer also has a trailing buy feature which is where it will look for the lowest possible price , which is the inverse of a trailing stop, explained here on Investopedia.
This feature is integrated with most buy and sell strategies. Some people prefer lots of smaller trades and smaller gains but I prefer bigger gains and a smaller number of trades and pairs to manage. Personally I prefer using a larger number- the reason why is that I have observed using a tiny number like 0.
The default at 0. This is the minimum gain you set before PT starts trailing. The reason why is that I suggest you look at some price movements to see how far price goes up further after an initial sale, you may be surprised.
I also trade on longer timeframes than most people- 30 and 60 minutes. All my indicators are 30 or 60 mins. Right now as of March probably not, but even so it will go further than you think. Even now I have it between 6- 8. If you are unfamiliar with this term, check out this article on here. Think about it, if you have a gain of like 0.
The answer is a lot. There is one caveat- if say you trade on stable high volume coins only, e. They do not move much, therefore it is reasonable to have gain lower, however I think having it at 1 means you are throwing money away on the table. Timeframe and buy strategy is important too. With one of my clients we analysed his trades and we found that he only traded stable coins with a very high volume.
I will explain what we discovered and what we changed:. If you were to graft my settings onto such an account straght away, you would not see an immediate effect, so I told him it was better we phase in some of mine; firstly his DCA log had pairs bought on a completely different timeframe, different strategy and his buy criteria was different to mine.
What we did was make some tweaks on his current settings. We did a spreadsheet analysis to look at his last sales and look at the difference between the price sold and peak price reached in the next 24 hours this is an exercise I conduct with clients , and discovered the Median gain he lost out on was 2.
In the end he wanted to keep his coin profile and baseline buy strategy though he added a lot more coins on his whitelist and raised gain to 2. Another conclusion we are able to reach was that his buy zones were in completely different places to mine. Because I use a large trailing buy, on 30 and 60 minutes- 0.
His method was buying and selling quick on the rebound. Being able to trade effectively has nothing to do with picking cookie cutter settings. You actually need to learn how markets work, prices move, the fundamentals of technical analysis like RSI, momentum, price action etc. This is what I teach people to do. I only include a selection of lots of settings with my coaching clients as examples of what has worked with me in the past If you are a treasure hunter, some of my legacy DCA settings have been posted in Discord- hint owning Profit Trailer Feeder is a key to the chest; though I am planning on releasing some of my legacy settings soon to the public for free anyway via Youtube and or Github and because 2.
Adjusting a trailing buy. Very simply, having a tight trailing buy of say 0. Having a very large trailing buy of say 3 or 4 means you will give it more wiggle room before buying- leading to less fakeout reversals, so the quality will be increased but also will lead to a lot less trades. Hence why I find a decent number to be between 0. One additional feature of Profit Trailer is that it will manage the coins you buy manually yourself. And if you already had alts in the account before the bot started, it will calculate the average price if it is less than 30 days old.
Any older and you can input the bought price yourself. If you are happy to let PT trade them it will manage them just like any other pair including DCAing them when required. So if you wish to practice manual trading with small amounts, PT can help as a safety net!
How will trailing work in 2. So you may have gathered in 2. The creator PT Elroy has this to say about how trailing works in 2. Trailing starts. And will only buy if once trailing triggers the entry price is still below the original price when trailing started. Clicking on it takes you to a news story on a third-party page, which seems like a respectable news site for investors.
It describes how Meaden and her fellow dragons were impressed with a bitcoin investment scheme on an episode of the show. At the bottom of the page is a web form where you can express interest in joining the investment scheme.
Heeding the warnings that the scheme will soon close to new investors, you submit your name, email address and phone number. Over the coming weeks the value of your bitcoin holdings appears to increase, and your investment manager calls you frequently, encouraging you to buy more. Reassured, you carry on investing. There were 1, cases of cryptocurrency investment frauds reported in the first six months of alone.
In the same period, there were reports of investment fraud where celebrity endorsement was specifically cited by the victim as an enabler of the scam.
Trends are also the most important lagging indicator. With this information, you will immediately be able to trade binary options with technical indicators. This can be desktop, mobile or website based. In Bitcoin trading network India. The AlgoTrader download enables automation in forex, futures, options, stocks and commodities markets.
This is similar to the Trojan horse in the Greek drama story. Advertise Here. What we like: No hidden fees. New accounts will also get to choose between forex and cfd accounts. Please do let me know whether you succeeded or failed.