Profit Trailer Review – Is it Scam? – Online Broker
Cryptocurrency trading has become increasingly popular in recent years, and with that, the demand for trading bots has also increased. Profit Trailer is one such trading bot that has gained a lot of attention in the market. In this blog post, we will review Profit Trailer, its features, pricing, and whether it is a scam or not.
We will also discuss the different strategies used by Profit Trailer, how to set it up, and its customer support. Additionally, we will compare Profit Trailer with other trading bots in the market, and provide you with a list of pros and cons to help you make an informed decision.
Understanding Profit Trailer
What is Profit Trailer?
Profit Trailer is a cryptocurrency trading bot that operates on the Binance, Bittrex, and Poloniex exchanges. It uses technical analysis to identify profitable trades and executes them automatically. Profit Trailer is designed to work 24/7, allowing traders to take advantage of trading opportunities even when they are not actively monitoring the market.
How does it work?
Profit Trailer uses a variety of technical indicators to identify profitable trades. These indicators include moving averages, Bollinger Bands, and Relative Strength Index (RSI). The bot also uses a variety of trading strategies, including DCA (Dollar Cost Averaging), which helps to reduce risk and increase profits.
Features of Profit Trailer
Profit Trailer has several features that make it stand out from other trading bots in the market. These features include:
- Backtesting – Profit Trailer allows traders to backtest their strategies on historical data to see how they would have performed in the past.
- Customizable – Profit Trailer is highly customizable, allowing traders to fine-tune their strategies to their specific needs.
- User-friendly interface – The interface is easy to use, even for beginners.
- Multiple trading pairs – Profit Trailer supports a wide variety of trading pairs, allowing traders to diversify their portfolio.
Is Profit Trailer a Scam?
Explanation of scam
A scam is a fraudulent activity where someone tries to deceive others by promising them something that is too good to be true. In the context of cryptocurrency trading, scams are prevalent, and traders should be cautious when investing their money.
Why people think Profit Trailer is a scam?
Some people believe Profit Trailer is a scam because it is a trading bot and they do not trust automated trading. Others have had negative experiences with other trading bots and assume that Profit Trailer is similar.
Is Profit Trailer really a scam?
No, Profit Trailer is not a scam. It is a legitimate trading bot that has been in operation since 2017. Profit Trailer has a large user base and positive reviews from traders who have used it.
Profit Trailer Pricing
Different packages offered by Profit Trailer
Profit Trailer offers three different packages:
- Beginner – $35/month
- Trader – $60/month
- Pro – $75/month
Pricing details of each package
The Beginner package allows traders to use one exchange and one trading pair. The Trader package allows traders to use up to three exchanges and up to five trading pairs, while the Pro package allows traders to use unlimited exchanges and trading pairs.
Which package is best suited for you?
The package you choose depends on your trading needs. If you are new to trading or have a limited budget, the Beginner package may be the best option. If you are an experienced trader who needs to trade on multiple exchanges, the Trader or Pro package may be more suitable.
Setting up Profit Trailer
How to set up Profit Trailer?
Setting up Profit Trailer is relatively straightforward. First, you need to create an account with Profit Trailer and link your exchange account. Then, you need to configure your trading settings, such as your trading pairs, the amount you want to trade, and your stop-loss and take-profit orders.
Minimum requirement to run Profit Trailer
To run Profit Trailer, you need a computer or server with at least 2GB of RAM and a stable internet connection.
Troubleshooting common setup issues
If you encounter any issues during setup, Profit Trailer has an extensive knowledge base that provides troubleshooting tips and solutions. Alternatively, you can contact their customer support for assistance.
Profit Trailer Strategies
What are the trading strategies used by Profit Trailer?
Profit Trailer uses a variety of trading strategies, including:
- DCA (Dollar Cost Averaging) – This strategy involves buying more of an asset as its price decreases, which helps to reduce risk and increase profits.
- BB (Bollinger Bands) – This strategy involves buying when the price is below the lower Bollinger Band and selling when the price is above the upper Bollinger Band.
- RSI (Relative Strength Index) – This strategy involves buying when the RSI is oversold and selling when the RSI is overbought.
How to implement your own trading strategies?
Profit Trailer allows traders to create their own trading strategies using their custom strategy editor. The editor is user-friendly and does not require any programming knowledge.
Can you modify the existing strategies?
Yes, you can modify the existing strategies to suit your trading needs. Profit Trailer provides a strategy editor that allows traders to customize the existing strategies or create their own.
Profit Trailer Support
Types of customer support offered by Profit Trailer
Profit Trailer offers several customer support options, including email support, a ticketing system, and a community forum.
How to contact Profit Trailer support?
You can contact Profit Trailer support via email or their ticketing system. They also have an active community forum where you can ask questions and get help from other traders.
Response time for support queries
Profit Trailer aims to respond to support queries within 24 hours.
Profit Trailer Alternatives
Other trading bots available in the market
There are several other trading bots available in the market, including:
Comparison of Profit Trailer with other bots
Profit Trailer has several unique features that make it stand out from other trading bots, such as its backtesting and customizable strategies. However, other trading bots may be more suitable depending on your trading needs.
Why choose Profit Trailer over other bots?
Profit Trailer is a highly customizable trading bot that is easy to use, even for beginners. It has an active community forum that provides helpful tips and advice, and it has a proven track record of success.
Pros and Cons of Profit Trailer
Advantages of using Profit Trailer
- Highly customizable
- User-friendly interface
- Backtesting feature
- Active community forum
- Proven track record of success
Disadvantages of using Profit Trailer
- Requires some technical knowledge
- May not be suitable for all trading styles
- Monthly subscription fee
How to make the best of Profit Trailer?
To make the best of Profit Trailer, it is essential to have a good understanding of the cryptocurrency market and trading strategies. It is also important to monitor your trading bot regularly to ensure that it is performing as expected.
Overall, Profit Trailer is a legitimate trading bot that has several unique features that make it stand out from other trading bots in the market. While it may not be suitable for all trading styles, it is an excellent option for traders who want to automate their trading and take advantage of trading opportunities 24/7.
What is the minimum balance required to start trading with Profit Trailer?
There is no minimum balance required to start trading with Profit Trailer. However, it is recommended to have a balance of at least $500 to ensure that you can cover any potential losses.
Can Profit Trailer be used for day trading?
Yes, Profit Trailer can be used for day trading. It is designed to operate 24/7, allowing traders to take advantage of trading opportunities at any time.
Does Profit Trailer offer a free trial?
No, Profit Trailer does not offer a free trial. However, they do offer a 30-day money-back guarantee if you are not satisfied with the service.
Is Profit Trailer safe to use?
Yes, Profit Trailer is safe to use. It uses secure API keys to link with your exchange account, and it does not have access to your funds.
Can Profit Trailer be used with any broker?
No, Profit Trailer can only be used with the Binance, Bittrex, and Poloniex exchanges.
How much profit can one expect from using Profit Trailer?
The amount of profit one can expect from using Profit Trailer depends on several factors, such as the trading strategy used, the amount invested, and the market conditions.
What is the success rate of Profit Trailer?
The success rate of Profit Trailer depends on several factors, such as the trading strategy used and the market conditions. However, Profit Trailer has a proven track record of success.
Does Profit Trailer require any programming knowledge?
No, Profit Trailer does not require any programming knowledge. It has a user-friendly interface and a custom strategy editor that allows traders to create their own trading strategies.
Can Profit Trailer be used on mobile devices?
No, Profit Trailer cannot be used on mobile devices. It is designed to be run on a computer or server.
How often does Profit Trailer update its strategies?
Profit Trailer updates its strategies regularly to ensure that they are up-to-date with the latest market conditions. However, the frequency of updates depends on market conditions and other factors.