Bitcoin Trading Bots? — An Introduction to Profit Trailer & How it Works.

4 stars based on 67 reviews

Trading bots have grown quite popular in recent months, with Profittrailer profit trailer trading bot the way by far - they now have over 11, users and rising. Given a lot of their nearest competitors charge almost 3 times as much and with the recent dip in BTC value this may be a good time to buy if you are interested in getting into a trading bot. It has an excellent user interface GUI - you can see a running demo here: I initially started with 0. I have been running the bot for 12 days and made about 1.

I am running a strategy called Profit trailer trading bot DCA which in effect buys double if the price drops below a certain loss percentage which means your buy price is kept as low as possible and gives you a greater chance of getting a profit quickly. Virtually every setting can be tinkered with and adjusted to your taste and there are lots of other strategies for both buying and selling as well as the one mentioned above.

Profittrailer will switch to sell only mode during a downturn or fast spike in the market, again according to your settings. Profittrailer does not have secret mystical powers that will save you in profit trailer trading bot event of a total market crash like the last few days.

Here are a few of my 'bags' currently held. So in situations like the last few days, you can expect ZERO profit days with a low balance because you do not have enough money profit trailer trading bot allow the bot to DCA multiple times to keep your negative profit reasonable. The only thing to do is wait it out, until the market corrects. The bigger your balance to play with the better as always, right?

I think the absolute minimum to get the best out of Profittrailer is 0. If you want to check it out and I am not an affiliate you can do so at: Feature any Steemit post using resteemit. Now for the downside Authors get paid when people like you upvote their post. Still using it yes Thanks for your point on minimum capital to be successful.

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21 comments Bit bot v28

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Installing Profit Trailer v2 is very simple. I have the steps below to install it yourself, or you can use my script to install it automatically and quickly. Now my script is setup assuming you will be running multiple bots. If you are not, that is OK, it will still work either way. If you do choose to run another bot, you are already to go. It makes it much. Let the script run. It should only take a few minutes to run. The first time will be the longest as it will update your Ubuntu as well.

Now there are a few things in this file you need to add for Profit Trailer to work. This is the bare minimum. You are free to customize anything else that fits your needs. If you are using Putty, you can right click where you want to paste it. This will save the file. Once you do that, it wll take you to the login screen. Enter in your password and you are all set. If you ever have issues with your bot and you want to stop, restart or look at the log files below are the commands to do it.

This is good for troubleshooting any issues if they arise. If you want to manual install Profit Trailer v2 you can copy and paste the commands below. They are the same I used in the script. Copy one line at a time and press enter after each line.