Purchase the most advanced Crypto Trading Bot Now. Dec 01, · This is why buying bitcoin on an exchange can be a simpler way to make a profit. However, when done efficiently it is possible to end up with more bitcoin from mining than from simply hodling. One of the most important variables for miners is the price of Bitcoin itself. If, like most people, you are paying for your mining hardware, and your. Profit Trailer is the most popular crypto trading bot there is as of yet. It was launched in the middle of the last big bull market, in September The company behind the bot is based on Curacao, which is a quite common place for company registrations in the crypto area. According to their LinkedIn profile the company occupies seven employees.
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Hi Patrick — thanks for your comment. I am not promoting any trading system, nor am I selling anything as you claim. I suggest you have a closer read again, then it will become clear. I was in for dollar. Then the account manager called me and said i had to start trading again and the money would be freed again.
Now a month later they took the remaining 80 dollar. Now i got a call from the manager again and she told me that i needed to invest another dollar to release the money which is mine. The money was kept by the capital market. Which is nonsense. Apparently phone no.
I am getting around 20 calls a day from different locations in Europe Switzerland, Sweden, Germany, etc. Problem is that in the background the same music is running. So must be re-routed calls from the same call center.
Yep, I use a burner phone when I investigate these scams… After entering the phone number they blow off like crazy. Hopefully it dies down for you soon. I was just surfing at random when suddenly I was directed to Profit Bitcoin and of course the initial temptation evolves. He did not convince me and because of Easter he is trying again tomorrow.
In between, numerous calls from similar concerns. I sent them all back to USA before the epidemic is over. Also, never a land address, neither an e mail, prior to paying. Beware well before. Hi Dino, thanks for your comment. Yep, the URL is always a giveaway but unfortunately, very few people actually pay attention to the URL shown in their browser. Hi Dale! Then he hung up, and good riddens! I have deposited funds into a Bitcoin Profit after hounding by email, My funds are still sitting in the Trading Room and I have had no support at all.
I have messaged them 5 times with no response. I think i have fallen for a crytocurrency scam. Called, clear save. I requested a withdrawal and he called back asking for me to download Anydesktop remote so he could find my coinbase address, and this was the only way he could complete my transaction. No chance i said. Well thats exactly what he is…a thief! I hope the info i have supplied helps others to steer clear of these souless thieves and, may even lead them straight into jail time, tho i doubt that but the thought is nice.
Yep, that definitely sounds like a scam. Just count yourself lucky that you did not lose much more as I have heard of people losing thousands to similar scams in the past.
Also, I would advise against making any further contact with them as if you give them too much information, they could end up scamming you again. Hi Dale another scam you may wish to investigate is 44Tradeoptions.
These guys promise to get you huge profits daily and when you join they ask you to increase your initial amount in order to get more money on Bitcoins trading. After making the initial deposit they tell you to wait days for your trade to hit. When that days comes, they contact you and advice you to withdraw. When you want to withdraw they tell you to pay Tax Clearance fees. Thank you for sharing the info. This website is reader-supported. 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. Risk management is an absolutely vital skill in any form of investing or trading.
I regard risk management as the cornerstone of being profitable long term and will teach people how to do it a pragmatic way. The best thing overall with Profit Trailer really is that because of its wide range of monitoring and safety features it can really help as a risk management tool.
For example, once you get more experienced you could also just use it on semi automatic mode which sometimes I do where you do your own buys and it sells or DCAs for you. Because it monitors your portfolio on an exchange you will have seperate instances of PT and monitors on different exchanges. For example if your account grows from 0. This is a good risk management strategy as this means you are reducing the amount of exposure to risk when the market turns.
I would use this with caution but it can be very useful once a crash is confirmed, because you can simply save your btc before your alts tank more. And guess what? After they had panic sold, altcoins and BTC started recovering.
To coaching clients I will explain in detail how I determine market bottoms, and at some point I will be either making a Youtube video or another post about this. Sell only mode triggers will turn off the bot upon certain market conditions. Alts have somewhat of a complex relationship with btc and some alts have almost no correlation to btc whereas others do. DCA Rebuy timeout- this prevents the bot from making another DCA buy within the specified time period, expressed in minutes.
Most PT users seem to ignore this or have it on something very low like 30 minutes. Again it makes no sense from a risk management point of view to have no or a short rebuy timeout. Think about it, how much safer is your account from being ruined by a bag if you are only allowed 1 DCA buy per pair a day or every 2 days?
A lot, and again why my accounts are able to survive harsh market conditions and still be safe unlike the overwhelming majority. A final word about the creator Elroy, who an excellent and very helpful and well organised developer. Many of us have used other bots which had less reliable developers, who ignored bugs or provided poor customer service or we had been left scratching our heads as to why the bot made those buy decisions.
Additionally Elroy constantly adds new tweaks and features. Profit Trailer is constantly evolving and the creator Elroy is getting feedback all the time, from some very experienced botters and traders and inputting it into the roadmap, and it gets bit by bit more advanced with each release.
I am now also part of the beta testing team, and we are using the prototype PT 2. I see this question a lot, and it is well meaning but very niave to assume you can get an exact figure every day. Firstly markets fluctuate a lot. You may have a month I would say the end of February to early March has been like this where the market is completely choppy and accounts are stable and neither growing much nor losing much.
But overall, my accounts have grown far faster than had I had to trade them alone without PT. Is it possible to turn 1k into a million? But on a bull run it will exceed your expectations, possibly beyond your imagination! There is no magic button ultimately, and if someone claims there is, be very sceptical about their claims and dig deeper. Markets move in cycles and you have to learn to deal with the rough as well as the smooth.
Edit: a very important concept to understand with any form of trading is the Wyckoff Market Cycle. If you understand this, it will make you a much better trader, bot or not. The market is an artist, not a computer. It has a repertoire of basic behavior patterns that it subtly modifies, combines and springs unexpectedly on its audience. A trading market is an entity with a mind of its own.
There are no predetermined, never-fail levels where the market always changes. Everything the market does today must be compared to what it did before.
I explain this in more detail to any clients. I have recently recorded a video demonstration with a client who came to see me in person to explain this and will upload it once I get the time. The package I have is:. Is it worth it. Am I likely to see any sort of worthwhile returns? First of all there is a difference between an entire market crash, and altcoin but not btc crash and a short pullback i.
PT will deal with moderate pullbacks, and even many altcoin crashes quite well so long as your DCA is set to quite cautious levels like I described previously or you panic sell as soon as the crash is confirmed. Let me give you an example, during November and mid December when BTC super-mooned from USD to 10, and then again from 10, eventually to 20, by the end of Dec there was an Altcoin crash initially in November because people were selling their alts quickly to buy BTC as it was shooting up very fast.
There is also a difference between an altcoin crash and an entire market crash. The crash of Jan- Feb was an entire market crash where everything went down. I did use panic sell during that one, because the bad news was relentless and really should have used it earlier, but it was still enough to save myself a fair chunk. Rarely, but only briefly to update to a new version. My account has grown the most on Binance. However on some days and weeks Bittrex does outperform Binance, and some people have said to me Bittrex is better.
If you have the capital you could have bots for both. Also once you have a license exchange you can have multiple bots trading different base currencies e. There was a recent hack attempt on Binance.
Luckily the Binance team prevented withdrawals from the fraudsters and are implementing refunds for fake trades. Most of the people hacked have never used a bot, and there was no PT user I spoke to who had lost funds, Binance has since confirmed that the attack was down to Phishing.
There are several things you should do to up your security whatever you do in crypto. On Bittrex you can restrict IP addresses for trading and withdrawals. Use a phishing blocker such as Metamask, Comodo, Avast, Malwarbytes. These are all free and are good anti virus programmes. I use Avast Sandbox which works on the free version , Comodo has a free sandbox feature too. For example you can access your Remote Desktop VPS using a Sandbox and also setup Microsoft Word and Excel, or for that matter any area of your computer to run in a sandbox only.
Finally, use a hardware wallet to store your coins and profit withdrawals. My preferred choice is the Ledger Nano which is the most popular brand. If you are not using a hardware wallet, you are leaving your money potentially in the open.