Profit Trailer

[rivkavender]

Has anyone used profit trailer trading bot?

Whats your experiences with it?

Good or bad?

[MoonIsBlue]

Yeah its good, need to have some understanding of TA technical terms if you want to configure the bot yourself or you can just use default settings.

[rivkavender]

Yeah its good, need to have some understanding of TA technical terms if you want to configure the bot yourself or you can just use default settings.

I do have a good understanding of TA so are you saying its perfect for me?

[mk4]

Yeah its good, need to have some understanding of TA technical terms if you want to configure the bot yourself or you can just use default settings.

I do have a good understanding of TA so are you saying its perfect for me?

Some people do TA differently; I think there's literally no way of finding out if it's good for you if you don't try it yourself.

[rivkavender]

Yeah its good, need to have some understanding of TA technical terms if you want to configure the bot yourself or you can just use default settings.

I do have a good understanding of TA so are you saying its perfect for me?

Some people do TA differently; I think there's literally no way of finding out if it's good for you if you don't try it yourself.

I hear that! have you used the bot??

[noxpost]

I know it has fallen out of favor a bit lately, but I was a pretty active user of Zenbot for quite a while, and made a fair amount of money. Although it is a different bot, perhaps some of my lessons will still apply.

1) Stake very carefully, until you're very confident that you can trust your strategy
2) Review the automatic trades often, to ensure that they seem reasonable to you and are more-or-less what you would do if you were fast enough and had as much knowledge
3) Pick an exchange to trade on that isn't super high-volume. You don't want a dead one, but you can get acclimated on a lower-volume exchange, and learn a few lessons
4) Understand that TA is good, but news trumps all. Watch the news regularly, and be prepared to alter your bot's behavior. As a result...
4a) Host your bot somewhere that is remotely accessible, or at a minimum, have a remote kill switch for it.
5) Try to come up with 3 or 4 different trading strategies based on market trends - rapid upmarket, sideways market, slow bear, etc etc. and you'll be able to take advantage of changing conditions a lot faster.
6) Watch the bug reports/issue lists as well as the commits on your bot of choice. Remember, you don't want other people to have an advantage over you if you can avoid it.