In the world of cryptocurrency trading, staying ahead of the game is crucial. With the rapid pace of the industry, traders are constantly seeking innovative tools to maximize their profits. One such tool that has gained popularity is Profit Trailer, an intelligent crypto trading bot. In this comprehensive review, we will delve into the features, benefits, and drawbacks of Profit Trailer, giving you a clear understanding of its capabilities and how it can enhance your trading experience.
What is Profit Trailer?
Profit Trailer is a crypto trading automation software that aims to simplify and streamline the trading process. Launched in 2017, it quickly gained traction in the market, attracting thousands of traders who were looking for an automated solution to maximize their profits. The software is designed to analyze market trends, execute trades, and manage portfolios, all without the need for constant monitoring.
It is an “advanced and powerful crypto trading bot” designed to help traders and investors find cryptocurrencies to invest in. The trading bot was developed in Curacao in 2017. This trading software also offers real-time market alerts. The bot also allows the integration of TradingView notifications.
Trading across multiple crypto exchanges isn’t easy, especially when you’re doing arbitrage trades. With Profit Trailer, you can be sure that he will do the work for you. Because he is trying to find profitable crypto trades on different crypto exchanges. The trading bot also does this in real-time to make potential small profits before the prices on the crypto exchanges change.
It is understandable that at some points you would want to be in control of the crypto bots. That’s why Profit Trailer offers a Signals Edition subscription option. With a higher accuracy rate, you can use these signals to trade some coins manually while the crypto platform automates most of the rest.
Features and Benefits of Profit Trailer
Automated Trading
One of the key features of Profit Trailer is its ability to automate trades. By leveraging advanced algorithms and predefined strategies, the bot can execute trades on your behalf, eliminating the need for manual intervention. This not only saves time but also ensures that trades are executed at the optimal moment, maximizing your chances of profitability.
Wide Range of Exchanges
Profit Trailer supports a wide range of cryptocurrency exchanges, including Binance, Huobi, Bittrex, BitMex, KuCoin, ByBit, and Poloniex. This extensive exchange compatibility allows you to access a diverse selection of cryptocurrencies, enabling you to capitalize on various market opportunities.
Customizable Strategies
Profit Trailer offers a range of pre-configured trading strategies, such as MACD, BB, EMA, RSI, STOCH, and SMA. These strategies are based on technical analysis indicators and can be customized to align with your trading preferences. Whether you are a beginner or an experienced trader, Profit Trailer provides the flexibility to tailor your trading approach.
Trailing Stops
To minimize potential losses and protect your profits, Profit Trailer incorporates trailing stops. This feature allows you to set stop-loss orders that automatically adjust based on the price movement of the asset. By trailing the price, you can lock in profits while still giving your trades room to grow.
Paper Trading
For those who are new to trading or want to test their strategies, Profit Trailer offers paper trading functionality. This feature enables you to simulate trades using virtual funds, allowing you to refine your trading approach without risking real capital. It is an excellent tool for learning and experimenting with different strategies before diving into live trading.
Trading Signals
Profit Trailer provides trading signals that can be used to inform your trading decisions. These signals are generated based on market analysis and can help you identify potential buying or selling opportunities. By incorporating these signals into your trading strategy, you can enhance your chances of making profitable trades.
Add-Ons and Community Support
Profit Trailer offers a range of add-ons that can enhance your trading experience. These include features such as TradingView integration, advanced notifications, and more. Additionally, Profit Trailer has a dedicated and supportive community where traders can share strategies, discuss settings, and seek assistance from experienced members.
Fees, limits, and payment options
How much does Profit Trailer cost?
Profit Trailer is a trading bot with different subscription tiers, but that doesn’t mean there isn’t a free option too. With the free trial, you can use the demo account.
The free demo account includes two trading bots that you can try on multiple exchanges. For example, some of the supported crypto exchanges are Bybit, Poloniex, BitMex, Bittrex, and Binance DEX.
You can also try your hand at the Binance crypto exchange. Here you have access to 5 configurations, advanced statistics, live support via Discord, and advanced notifications.
In the paid version of Profit Trailer, you get access to a wide range of tools that automate your crypto trading. These are the available subscriptions:
- Basic: The most basic subscription costs €49 per month and €799 for a lifetime. Subscription supports signals, live support via Discord, advanced demo account, and up to 40 buy and sell indicators. Forex trading pairs are also available at OANDA.
- Signals Edition: This account type starts at €30 per month. This is ideal for traders who just want access to profitable signals for trading cryptocurrencies and forex pairs. Included in the package is access to all crypto exchanges that work with Profit Trailer, 2 months of free signals, live support via Discord, access to signal indicators, and 3 store configurations.
- Advanced: This is the most advanced account type that Profit Trailer offers. It costs €69 per month. You can also opt for the one-off payment of €999. This includes access to all crypto exchanges, access to 2 trading bots for the monthly package, and up to 3 trading bots for the lifetime package. Also, you get advanced notifications, 10 saved configurations, a signal subscription, an advanced demo account, and up to 40 trading indicators.
What forms of payment does Profit Trailer accept?
A wide range of payment methods are accepted. These include credit cards, cryptocurrencies such as Bitcoin and PayPal, among others.
Does Profit Trailer also charge fees and commissions?
There are no additional fees and hidden costs. What you see on the pricing page is what you pay.
However, the crypto exchanges you partner with often charge maker and taker fees for the trades executed on the platforms.
Profit Trailer: Trade Amount and Limits
Profit Trailer has not stated if there are any limits on the number of trades you can make using the trading bots.
One of the most outstanding features is the blacklist option, which allows you to remove or blacklist cryptocurrencies you don’t want to trade.
Profit Trailer’s trading platform
How does Profit Trailer work?
Remember: This is not a get-rich-quick trading bot. Just like any other crypto trading automation tool, the trading bot scans the market for buying and selling opportunities. He can lose in some places, but the winning margin can potentially make up for that.
Now let’s look at how the trading software works. Profit Trailer follows the programmed settings of the existing crypto bots. These settings help to execute both buy and sell orders in various crypto market conditions. The automatic execution of the trades allows you to accumulate multiple crypto coins at lower prices and you have a chance to make money on them when the price shoots up.
What devices can I use Profit Trailer on?
Profit Trailer claims to be “available on all devices,” but it seems to be missing one thing: the mobile app. So you have to be content with the web-based trading platform.
The supported devices are Linux, macOS, and Windows.
Is Profit Trailer Right for You?
While Profit Trailer offers a range of features and benefits, it is important to consider whether it aligns with your trading goals and preferences. Here are some factors to consider:
Trading Experience
Profit Trailer can be a valuable tool for both experienced traders and beginners. If you are new to trading, the bot’s automation and paper trading features can help you learn the ropes and develop your skills. For experienced traders, Profit Trailer offers customization options and advanced features to fine-tune your trading strategy.
Risk Tolerance
Like any investment, trading cryptocurrencies carries risks. Profit Trailer can help mitigate some of these risks through its trailing stops and risk management features. However, it is important to understand that no trading bot can guarantee profits, and there is always a risk of loss. It is important to assess your risk tolerance and trade responsibly.
Technical Aptitude
Profit Trailer requires some technical knowledge to set up and configure. While the user interface is designed to be user-friendly, it may still be intimidating for those who are not familiar with trading software. If you are comfortable with technology and willing to invest time in learning the platform, Profit Trailer can be a powerful tool in your trading arsenal.
Conclusion
Profit Trailer is a comprehensive crypto trading bot that offers a range of features and benefits. From automated trading to customizable strategies, the platform provides traders with the tools they need to maximize profits and streamline their trading process. While it may not be suitable for everyone, Profit Trailer is a valuable asset for those looking to enhance their trading experience and capitalize on the dynamic world of cryptocurrencies. Remember to always conduct your research and exercise caution when trading.