Profit Trailer- Bitcoin Cryptobot that makes lots of money!
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Unless you've been living under a rock, you've likely heard all about BitCoin, LiteCoin, Ethereum and a whole host cryptocurrencies. As cryptomining profitability fades underneath increasing difficulties and the rising cost of mining machines, the world is dazzled by the utterly insane profit margins to be made in TRADING cryptocurrencies. This typically leads the average Joe to look into and, likely, invest some money into the cryptocurrency market.
And, as time progresses especially if profits are being madeone inevitably must make a choice to use a trading bot or not. Now, I'm not trying to sell you one way or the other. My goal here is to take one of the newest and seemingly most profitable of the numerous trading bots out there, Profit Trailer, and break down getting the bot installed and running. There are numerous guides to Profit Trailer Installation and all of them are good. Crypto Gnome has some excellent information at https: I'm not trying to knock how to setup profittrailer trading bots or anyone else with a guide out there.
There are a few things that, in how to setup profittrailer trading bots course of installing this bot for a family member who has gotten on the crypto wagon in a big way, I noticed how to setup profittrailer trading bots lacking in the main set of guides. This being that not one of them had been designed with the true noob in mind.
Each assumed a level of knowledge and discourse that can and would leave a newbie cursing the fact they just spent. Anyway, the point is, if you don't have a tech savvy person handy, you could be left with, at best, the program downloaded but unable to start it or at worst, out a nice chunk of your crypto because of failing to understand EXACTLY what is needed to make the bot operate.
Any suggestions on how to make this guide more complete, such as adding specific exchange instructions would be most appreciated. I have read horror stories regarding buying this bot and installing it without having your account open and logged into. Just in case there is truth to them, better to be safe than sorry.
Open your account of choice we used Binance so that is the exchange that this guide refers to. One will be public, one will be secret in each set. You will notice that, at least on Binance, that each set of keys how to setup profittrailer trading bots have 2 permissions checked and one, withdrawals, unchecked. This is as it should be.
If for some reason the withdrawals permission is checked, delete the key and start over. I would suggest that, for ease of use sake, you label each of the sets of keys. The first should be labeled yourexchange Default and the second should be how to setup profittrailer trading bots yourexchange Trading.
This will help you recognize which keys are which later in the setup process. Anyone with these keys has access to your exchange account. The first key will be initially used when you buy the Profit Trailer bot. The others how to setup profittrailer trading bots be used when you set up Profit Trailer. Ensure that you have JAVA 8 installed and running on your computer. It is extremely important that it be JAVA 8 and not 9.
This problem was likely the biggest hurdle with Profit Trailer until I realized what was happening. Some guides make it sound like you can do the settings changes on a regular NotePad file.
Just saying guys, you've got people who, while they might know how to trade, might not know squat about IDE's and their function. This can be accomplished how to setup profittrailer trading bots https: Pay for the bot.
Wait for BitCoin to go from wallet to Profit Trailer creators. Seriously, you're gonna be waiting awhile. I was unable to get a VPS enabled at the time of this installation, so I will be posting another article regarding that process as soon as I can get it up and running on this installation.
You can visit Profit Trailer And You: How to setup profittrailer trading bots Profit trailer Up and Running!!!! Here's what you've been waiting for and trust me, all the other "prep stuff" will make this part a whole lot smoother.
First, go to https: Next, unzip the files and navigate to the new folder. Open the file named application. Looks like you're about to start coding the next Destiny game doesn't it? What you really need to know is what you are looking at. You're going to see things like "trading. Each of these lines will have an equals sign on the end of them.
Concentrate on what's on the right side of the equals sign, cause that's where your info is going to go. Remember those API keys you made? Well, here's where they go. You with me so far? Most of the other guides say to start the bot up at this point and I would tend to agree, except you may want to look at the default settings in the pairs and DCA files to ensure that they are set the way you want them.
DCA settings are a huge factor in Profit Trailer and I would suggest watching several videos regarding how to setup profittrailer trading bots. I do not claim to be a crypto expert and do not pretend to understand all the terms.
The Profit Trailer Wiki at https: Ok, how to setup profittrailer trading bots that being said, if you feel like your settings are just the way you want them, open up the pairs. Next you will want to click 'run' on the ProfitTrailer.
This will actually start the bot and will open an old style black Windows command line window. Ignore this as it is just the bot starting up, not where you will see what the bot is doing and open your web browser and enter http: This will bring up a login page.
Use the Password you created in the application. This opens the web monitoring dashboard for your bot. Again, I cannot stress enough the importance of following each step and understanding what each of the settings in Profit Trailer are and what they do. There are several important safety valves in Profit Trailer to keep the bot from chewing through your crypto like cookie monster on a 3 day bender.
This sets the amount of coin, in BitCoin, that the bot will use for trading. Just because you have have 1. It makes sense really, but if you're like me, DCA really doesn't mean anything to you. It's Dollar Cost Averaging and it's a profit mechanism used by Profit Trailer What it really means is that, if you don't know or understand what you are doing, it can cause big problems trading. Any info on other exchange procedures with reagrds to setting up Profit Trailer would be greatly appreciated.
I am not affiliated with or paid by any exchange, developer or site. Thanks for filling the gaps in the wikis and other places. I'm quite technically minded but find geeks often are not the best teachers: You have that talent sir, and it's most appreciated. This bot is profitable, provided you can get a good understanding of the settings.
Crytpo Gnome not affiliated with steemit is likely the best guy to talk to about settings. This bot has given me and my family member, who bought it, some trouble, mainly due to the current market conditions we think. I'll be adding the instructions on setting up a VPS with it later tonight as we have decided to go ahead and how to setup profittrailer trading bots that done to see if a VPS connection speeds make any difference in the bot's reaction times.
I'll let you all know how it goes. Thanks for this article, very informative. How has profit trailer been working for you during this retracement? Would be interesting to hear how it has performed in a bear market. In terms of settings, have you been using Crypto Gnomes? It does not do well in the type of correction atmosphere we've had recently.
I'm working on something right now that would be helpful to a trader but in a different way. Great information in your post, as one of those non super techy people How to setup profittrailer trading bots thank you. I will follow to learn more before pursuing a license myself. I have installed but i'm still figuring out good settings because there's a lot of things which i have no clue That's the big question right there my friend.
Crypto Gnome has settings he usually updates on GitHub fairly regularly Here but we haven't had real good luck in the current market with any settings. There are people out there right now selling their settings for PT Although getting something to work in the current market is a charge we have yet to overcome. I'll make another post soon when I can give more definitive answers or when I can say I'll never understand it, one or the other.
Qualified account Who will sign up under my Binance Refferal code will get a latest Settings configuration. Gnome actually told me if i didnt get how to get my bot running i shouldnt be into it. Tried to ask a question in his live -stream, and he and his 2 friends he does his online thing he does just think they are the shit and they make fun of the questions people have unless they deem the questions from one of they're ilk.
Profit Trailer and You: Authors get paid when people like you upvote their post. I hope this is helpful. Updated the post to include new links and information.
