Topic: Profit Trailer & my experiences with it. **Huge growth of Binance account**!! (Read 630 times)

Do you use BOT to trade?
But race is very dangerous because BOT doesn't have feelings.

It's better if you trade with yourself, if you lose, you won't blame the BOT that you have to pay to buy the BOT system.

Bots like this will only make a profit in bull markets, and the profit they make then is less than a buy and hold strategy would do.

In bear markets like this, bots bleed worse than not trading.

You're not going to make money off a couple of mass-produced bots with simple technical analysis algorithm. Only super-fast trading on fiber optics cables with tiny profits on a massive volume of millions can make meaningful money with a bot, like Goldman Sachs or JP Morgan do.

These things are just toys for playing / experimenting with automated trading.

If you get into Monte Carlos, AI using Tensorflow and Keras with Q-learning, etc, you still won't profit, and you certainly won't beat the big guys (I've done this and more), but you won't lose money either, your account will slowly dribble.

Small investors aren't going to do anything but lose money with a bot. You can only make money reliably as a small investor with long-term trades based on fundamental value research.

These threads are to sell bots. Some people, like the poster here, run these during straight up bull markets and don't realize, as they say, "Everyone's a genius in a bull market."

Profit Trailer doesn't look to be profitable at all.

Why does Profit Trailer lose BTC and the profits it shows keep going up? Actual BTC amount goes down while daily profit percentage seems to be going up.

Can someone please help me understand Profit Trailer trading strategy? It seems to only lose money.

Using BTC as a base coin (not even comparing to USD yet) then the object is to earn more BTC by trading alts. Only you get bagged up if BTC goes UP OR DOWN! I understand settings are important and you have to stay on top of them adjusting all the time. I am not talking about that.

In order not to get bagged up you have to keep only a small amount in Profit Trailer trading at any given time. Which means, if you can get it to profit, those profits are very small. And you could just buy and hodl BTC instead and come out ahead without Profit Trailer.

It seems Profit Trailer could only make money if BTC is going sideways on any settings. There are people who publish their earngings all the time. And their BTC amounts just keep going down while their daily earnings showing on the Profit Trailer are going up. That simply doesn't make sense.

I guess I just don't understand how Profit Trailer could ever be profitable?

1) Is anyone really making a profit on Profit Trailer over a few months time (not just the first two weeks they turn it on)?

2) And where/how do I get those settings? I have already tried several different settings on multiple bots over the last few months.

Can anyone help with something better than, "Yes, I profit. You just have to figure out good settings on your own by tweaking Profit Trailer yourself."

Otherwise, if you have to keep adjusting Profit Trailer all the time on your own then you might as well just trade BTC manually. It would be easier.

It's good that you share your successes. Please tell us how growing your account since the beginning of this year?

Isn't this a bit misleading? Because this is a period that is almost the super bull run and normal trading would've gotten you really great gains during this time period similar or better than this.

I'd more like to know the profits during the current bear market because this is where traders should shine.

Larry,

Great article btw I found it extremely useful.

I missed out on the great bull run of late 2017 and just got into crypto shortly after. I'm an avid PT user like yourself.

Like a lot right now ive jumped on the "ETH is safer" bandwagon but am wondering whether i'm better off weathering the BTC volotility for better gains and greater longevity? I know youve said you'd tested some ETH trading with PT but have you found it to be any different honestly?

Currently using some of the advice you've shared in your article and keen to learn more.

Aggressive (aka dangerous and silly) DCA settings are explained in detail my article.

Okay I've now updated the article so that it has my uploaded pictures from my sales log, take a look and see the sales I made from Dec 15th to Jan 15th where I turned 0.15btc to 0.85 btc

Yes btc volume vs eth volume on pairs is a good point, though I know people who do ETH and have told me they are happy with their results

Another good point. In my article I also explain how to use the minimum buy balance% feature so it locks up a % of your btc balance so you preserve profits as time goes on and it dynamically adjusts according to the value and size of your overall holdings, another excellent feature.

>>Yes, but dont use many trading pairs

Unlike most bot users I'm using settings that I actively manage, I know how to react to market and trend changes and have tested significantly and have based upon looking at many Coinigy and Trading View price movements. On default settings it will do fine when market is okay or uptrend but may become unstuck when the market turns, so if you are saying if you just left as it is for ages then yes your account will fluctuate wildly, but that's where I differ because I have thought a lot about the defence as much as offence, hence why of course some people get better results than others. It's also about adapting a style of trading that is effective to the bot and I've pretty much found it, but not everyone will of course hence why I also offer a service for advanced settings and coaching, though if you just followed the advice and settings examples I give in my article you will do well too. At the end of the day it's a tool and the smarter and more perceptive you are, and the more you know about price action, trends, wht the buy and sell strategies do etc all the trad trading tools the more you will know about how best to use the bot, you will be able to trade as well as someone who has far more experience because PT will automate it.

You also have to understand PT has an enormous number of safety features to help you manage risk unlike most other bots I've used and if you know how to set them up effectively you can shield yourself from a whole manner of unpredictable situations, and help mitigate the risk. Therefore you can have varying degrees of semi automatic usage of PT, and even as an experienced trader it is an excellent way to manage your portfolio dut to its monitoring systems, trailing buy, trailing sell, Sell only mode, DCA, panic sell, adjusting of buy and sell levels, and stop loss features etc.

Looking forward to seeing the results after six months.

In my experience, no automatic trading bot works long term in the alt space, because alts behave so oddly, there are all the pump and dump teams, the exchanges listing and delisting, the scandals. All of which make the market incredibly hard to predict automatically.

1)Better btc, more volume
2)Yes
3)Yes
4)--
5)Yes, but dont use many trading pairs

1) Assume you mean BTC or ETH? I've only ever run it on BTC pairs but I think BTC is more profitable (but also more wild) with ETH it's probably more stable, albiet with potentially smaller gains but less prone to fluctuations.
2) No you don't as PT will either trade them on your behalf or if you bought them ages ago e.g. more than 30 days it won't calculate an average price, plus you can stop PT manually from trading on specific pairs if you just want to hodl your coins there or you can have a copletely seperate Binance account for the bot
3) Yes, hence why it's best to have a VPS, I use Contabo
4) It might be, but I managed to set it up myelf, it might be confusing if you haven't done it before.
5) Obviously it's a small amount but I would just compound all the profits for most of the year and by the end of this year, it could be worth a lot more

Also I'm going to update my article later to include your questions and my answers to them

Just a quick question ( or five) from a complete novice. Hope someone can help.
Gonna buy PT for Binance.
1) Is it better to run it on bcc or eth?
2) Do I need to get rid of all the existing alt coins I’m currently holding on binance before I start using it?
3) If I don’t use a vps does my computer need to be on all the time for it to work?
4) The PT wiki is currently offering a vps with PT preinstalled for $20\month. Is this worth it for someone that wouldn’t have a clue how to link the 2 otherwise?
5) I’m only going to have a starting balance of $500. Is it worth it. Am I likely to see any sort of worthwhile returns?

If you’re still reading this (lol) I would really appreciate your advice.

Thanks

I'm just in the process of screenshotting my sales from December to January, may just edit original post and put images in there as well as on site, just wait till you see it! PT also calculates the USD profit of each sale as well so you'll get an idea of how mean this thing is when the market turns green

During boom times, e.g. last spring and last winter some experienced Gunbot users were doubling their accounts in a matter of weeks. I've had the odd 10% day here and there. As Larry says, this will of course not happen every month because it depends on the market, but PT/GB if you know how to use them properly will exponentially grow your account during boom times quicker than you might expect. During the bear periods your entire account will stagnate or not grow of course. Profit Trailer works a bit differently to Gunbot but they are sort of cousins.

Well I'm hardly going to show exact details of my account am I, However, I can show a screenshot of a period sales from around December if you want proof. Compared to some articles and videos I've seen saying you can turn 1k into 1 million, I think my words are modest. And if you read the article I said it's unlikely you'll see such a huge gain every month because during December there was both an altcoin and bitcoin boom and PT took advantage of that, but during normal times it will still grow consistently.

Bookmarking this thread for later as your article looks like an interesting read.

Just had a quick glance through it and couldn't find any direct evidence that you turned such a small amount into almost 1BTC, seems like something you would want to back up with data, otherwise it will be seen at best as an exaggeration, or at worst a flat out lie.

Good to hear it! How long have you been a user for yourself?

Support it, i agree with that