What is Profit Trailer?
Profit trailer is a trading bot that runs on your PC which trades cryptocurrency coins for you on various exchanges. It does this by continuously pulling and pushing data to and from the exchange to “watch” the market there. It uses this information to make decisions automatically for when to buy new coins and when to sell. Profit Trailer makes buying and selling decisions based on various settings that can be adjusted in the configuration files on your computer. In practice, the trading bot follows the age-old market rule of buy low, sell high.
Profit Trailer Review.
It goes without saying a lot of traders don’t use trading bots or like the idea of using bots. Is it true that an experienced expert trader could potentially trade better than any bot? Of course. Also, there are definitely a lot of bad bots out there, and really there is only a handful that actually works. So always be careful when choosing a Bot. Make sure to check out the reviews beforehand. Profit Trailer is one of them and a star performer. People who are successful traders will have their own methods and don’t need to change their system. However, for the majority of people starting out in crypto learning the required knowledge can be daunting. (and costly if you are rash or don’t know how to manage risk)
The advantages of Profit Trailer.
However, using Profit Trailer has distinct advantages. Especially for someone who is not very experienced in picking manual trades. Profit Trailer is also a very handy tool/compliment for intermediate traders.
- A human cannot be awake 24/7. A bot can run on a Virtual Private Server (VPS) and monitor hundreds of currencies and trade without ever stopping. Some of the best sales come in the middle of the night when you are asleep and the Asian markets are alive and you wake up to see some amazing sales.
- A bot is emotionless. Once you give it parameters, it sticks to them. A human will have emotions. All but the best traders who have honed years of discipline and stick to the rules will not be able to do this and make rash decisions rather than logical ones. The bot will consistently do what you tell it to without fail.
- Consistent steady profits. Unless you are a truly experienced expert trader you will most likely make bad decisions. You may lose money or fluctuate your trading balance a lot.
- A big supportive community all with the same goal of making decent money. Profit trailer has thousands of active users and people share tips, strategies to help newbies, the development team is also excellent and open to new ideas and works to make the bot better consistently. You can learn so much from talking to other experienced traders and botters. Some people who use completely different strategies do just as well as you might do proving there is more than one way to win.
- Detailed monitoring of profits and account balances. Profit Trailer has a very detailed log of your buys and sells including a calculation of the USD of your account, sales, daily, weekly profit amongst many other things. There is also a possible buy list, which are Alts getting within buy range. Your current buys will be listed so that you can see at what% up or down they are since purchase price. Profit Trailer will show you the exact buy trigger prices and thus shows a strong level of transparency. You can exactly see how it works as you can tweak settings live and see what difference your tweaks make.
Knowing how to set the bot up, optimize it and what precautions to take in different circumstances is vital in achieving success. You do have to understand the different ways a bot will trade. Leave your Profit Trailer Review below and share your successes with others.