Trading with ProfitTrailer
So guys, I’ve been observing ProfitTrailer for 3 months now and today, I want to share my experience of using this platform so far. I know some of you might be experts already and don’t really need a trading bot. However, if you’re just starting out with cryptocurrency trading and not sure which bandwagon to hop on, then this review is for you. My ProfitTrailer review is not only based on my experience but also on my search through various crypto bots, and comparing their sell and buy strategies, unique features, benefits and drawbacks.
Right here, you’ll find a detailed breakdown of the ProfitTrailer bot and will be able to decide whether trading with the site will be a good fit for you. As a trader that has had a fair share of both sides — as a beginner and now an expert, I recommend you read through every section of this article as this will set you in the right direction and also help you make major profits off trades. Having said that, let me walk you through the whole process. Let’s go!
What Can It Do for You?
Let me start by telling you about this bot. First, it’s been around for a bit, since 2017. It is a powerful tool and a great player on the cryptocurrency market. This platform advertises 3 main advantages to its users. They include multiple trading strategies, a friendly community of traders and the possibility to trail crypto trends. On the website, traders can try out the live demo option. Since I’m not familiar with how that works, I can’t say for sure if it will help you or whether it’s going to waste your time. The creator and mastermind is Elroy, who has apparently built a good reputation using it. He regularly updates the platform, so from time to time, you’re going to run into new tweaks and features to add to your PT account. Enough about the surface details and back to what I was saying — what this crypto trading bot does for you. If not make trades for you, then at least it shows you how to. But saying it in this manner probably belittles the full range of its abilities. How do I know this? Guys! It’s been 3 months, and I’m going to be very honest with you: there’s rarely any crypto trading bot out there that is better than it. But don’t take my word for it, see for yourself. Follow me into the next section as I unravel ProfitTrailers’ trading weapons - its features. Take a look.
I must confess that the features of this bot are some of the most impressive you can stumble upon. Without further ado, let’s get to what they are.
This feature helps you do 2 important things — watch over multiple buy and sell strategies and customize your settings in real-time. The latter actually depends on certain market conditions like market volatility and how much value a particular coin holds within 24 hours period. In essence, you can move between the different strategies and choose what works best for you. You will also come across it as an add on which you’ll have to include into your profile. Basically, the feeder is what stands in and makes trades for you. Otherwise, it makes up for those loopholes you don’t quite fill up. The current version of ProfitTrailer feeder compared to the previous contains a ton of buy and sell strategies. You can also combine multiple strategies while trading.
I think simplicity the most inviting aspect of trading with ProfitTrailer for beginners. A greater part of the dashboard is completely easy to navigate. All the functional categories are well laid out and visible. Users will be able to spot tools’ icons as soon as they land the website.
Usually, there will be times you’re going to be indecisive about what strategies to pick. Using a volume filter will come handy in such events. Rather than manually backlist coins and block ProfitTrailer from trading, you can simply tap the filter volume button. A good instance where this works would be when your portfolio has become saturated with coins of little or no value. What you can do is write them off. But you must filter with caution! Higher volume coins are less volatile than lower coins, which easily vanish. Definitely, applying discretion in selecting volumes helps a great deal.
Pairing is much like filtering. Other than that you combine strategies in this case whilst blocking out the rest. Pairing keeps you abreast of how much coins you have purchased. By so doing, you’ll know how much coins you can sell and how much profit you can make in turn.
Dollar Cost Averages is described on ProfitTrailer’s website as a very special feature. And I’m guessing it’s because the praise matches the essence of this tool. You can literally slash out all your excesses — those stupid, worthless coins. Alternatively, you can set limits on buy times — can fall within the max (4 or 5) or min (-4) extremes. But the thing is you both ends have their pitfalls. That is why waiting till coins tank or purchasing coins at excessively low rates will perhaps work better.
This is a buy feature that fishes out the lowest possible coin rates. You can either use it or the trailing stop feature which looks out for the highest possible sell. Fair enough, both are integrated into most buy and sell strategies.
Why Go for It?
Here are some of the reasons I will always put it in the top list of the best cryptocurrency trading platforms. Check out these advantages.
Multiple buy and sell modes
PT incorporates a good number of buy/sell strategies. Among them are BB, EMA, SMA, DCA, RSI, STOCH, MACD and others. The significance of having different strategies can’t be overemphasized — they are the heart of all automatic trades made for you while you’re away.
This is the guide room of PT. Here you are introduced into various features to get started with, manage ProfitTrailer setting, catch up on the first steps to buy and sell, and gain support from both Discord and open ticket.
A Very Helpful Community
It is home to thousands of crypto traders and botters. Trading while staying in a connected nest will help the newbies to soar higher on the market. Likewise in this space, some great ideas can be shared, opinions could be exchanged and conversations about settings and strategies may hold.
Bots don’t sleep! They don’t take vacations. Humans do. One of the prominent edge you will have over non-hands-off traders is making trades when no one is watching. Sometimes, even the most lucrative sells take place in most ungodly hours of the day. Surprising, isn’t it? You could wake up to some great sales!
Although I never ran a demo account, I’m almost hopeful you’d learn a thing or more if you did. Between, not many trading media offer trial accounts for free, so you can a well enjoy the generosity.
The live support team is available and responsive. All your questions and challenges will be addressed on this side. You will also be supported with PT Discord and open ticket, and a Discord guide to set up a Discord account.
Less Appealing Possibilities of Trading with It
Guys, let me say this right now: no bot is an Island!
I repeat: no bot is an Island!
The most we traders can do is make the best out of what we have.
My pet peeves happen to be the following:
A very cliche ‘about us page’
On their site, they hardly set light on the company, the exact time it was launched ( was it 2017 or 2018) and the full services they provide. I felt at loss of these reading their home page. In my opinion, it’s somewhat unethical.
A Potential Scam Bot?
Yes, it proclaims itself (in retrospect) as the cryptocurrency storm. However, there are a few worries as to how real this trading platform is. A ProfitTrailer review has also accused this site of perpetuating scam bot activities. P.S.: these are only hearsays without any real evidence. The only problem is that due to this kind of ProfitTrail review ( I tell if it is true or false), I’d advise beginners to strictly scrutinize every aspect of PT’s services before fully signing up.
No Free Trial
I know they offer demo live. But then, is it an efficient test trade environment before starting the real thing? No one can answer yes or no to this until they really get on board. Nonetheless, I still think it will be great creating short trials for potential clients….just saying.
Can Beginners Use It?
Quick Question: What inspires you to trade crypto? I know what you’re thinking — to get rich. And what if you don’t get rich? Do you quit? Let’s admit it guys, we’ve all been there. In that trance where we ask things like, what if I fail, what if I lose my money, what if don’t earn as much as I expect? You see, such ‘what if’ moments are what I refer to as the ‘beginners dilemma’. Here’s why: Truly, without having an exclusive knowledge about a particular process, you’re likely going to fail the first time. But it is OKAY. Taking little baby steps at a time is really what has molded the most seasoned and successful traders. Most importantly, having a positive mindset and attitude will help on rainy days.
Again, ask yourself: would I rather take the easy way out and fail or do I stick to steady growth till success? The answer is obvious. Overall, ProfitTrailer bot is a premium among the many you will find along your cryptocurrency trading experience. After all, it’s your call to choose what works best for you.
Here, prices continuously vary depending on how much goodies that are in store in one plan. At the moment, there are five subscription plans for users. Let’s briefly go through the list.
Signal Editorial (25$/month)
Basic + VPS (54$/month)
Advanced + VPS (99$/month)
Each of the plans is unique and has one or more features that may attract users. The best plans are of course those that come with a VPS. ProfitTrailer Wiki further explains these plans, how they work and their features.
Sneak Peak into Commonly Asked Questions
There are other questions that will most likely come up. You might equally see another ProfitTrailer review that trashes out similar questions. Here you are:
Do I have to get a ProfitTrailer TradingView plan?
You don’t have to. They can provide you a direct subscription into their signals.
Does my VPS have to stay active at all times?
Yes. But, to save your time, they can run their signals and send directly into your bot.
How much can I really start with?
Most guys go for over a thousand bucks. However, this is no obligation. Only thing is having more base coins at fîrst helps you expand your profit margin.
My Best Words Yet
Despite having some serious scam scares, I still believe and recommend this bot as a must-have crypto investment, particularly if you are keen on doing well from the start. Furthermore, I hope my ProfitTrailer review helps you understand the key concepts to set you on the right track. On this note, for more crypto bot reviews, updates from ProfitTrailer Wiki, stay glued to our website. We promise very detailed and appealing doses of reviews. See you again.