ProfitTrailer claims to be an advanced and efficient crypto trading system. When you trade through this platform, you don’t need to spend hours monitoring your charts. It automates all the repetitive tasks, letting you concentrate on formulating effective trading schemes.
About ProfitTrailer
This is a system capable of operating 24 hours a day, 7 days a week. It is supported by a vast community and lets you maintain full control over your crypto trading operations. ProfitTrailer supports multiple exchanges and also has a monitoring feature that lets you track your holdings.
ProfitTrailer crypto trading bot: how does it work?
This platform runs on a Command Line Interface system. For configuring the trading logic, pairs, DCA settings, and coin settings, you have to enter the right commands. It uses different indicators for placing its trades, such as pivot point, CCI, parabolic SAR, range filter, ATR, MACD, Stochastic RSI, MFI, RSI, XMA, Bollinger Bands, etc.
ProfitTrailer also has a Graphical User Interface (GUI) where you can check the balance, the total current value of your coins, and the weekly and daily profits. You can also check the current price of the chosen market currency and its percentage trend compared to USD. It is possible to test the effectiveness of your strategy in the test mode.
How to set up ProfitTrailer?
This system is compatible with Windows, MacOS, Linux, and Raspberry Pi. The vendor recommends using a VPS for best results. Before installing the software program, you must get Java 8. ProfitTrailer will be downloaded as a ZIP file and you need to extract it. After you run the .cmd file, you will be prompted to complete the rest of the setup process in the web interface.
Key takeaways
This platform has an intuitive dashboard where you can get a full overview of your orders. There is also a section that displays the lucrative trading opportunities. You can easily adjust this in the configuration window. The dashboard also shows you the details of the coins you have bought. In order to attain a greater degree of control, you can switch between basic and advanced editor settings. This platform also lets you use TradingView charts to visualize the indicators.
User interface
The information provided on the website is easily accessible. There is a helpful wiki where you can find installation instructions. However, since the user interface is based on Command Line Interface, it might not be suitable for beginners.
Trading strategy behind ProfitTrailer
There are more than 40 indicators available with this bot and you can combine them to formulate different strategies. It also supports the Dollar Cost Averaging strategy where the total investment amount is divided up in order to reduce the impact of volatility.
How profitable is ProfitTrailer?
Profitability largely depends on the trading strategy and the market sentiment. There are no trading results available for this system.
Safety and security of ProfitTrailer
This system connects to exchanges using secure API keys and it also uses an SSL certificate for added security. However, there is no 2-factor authentication.
Customer support
There is an official Discord group where you can seek assistance for any issues you might face.
Reputation
This platform was launched on September 8, 2017. The headquarters of this company is based in Curacao.
Team members
Unfortunately, the vendor has not revealed the identities of the team members. As such, we don’t know whether they have the required expertise to build an efficient trading platform.
Exchange compatibility
This system is compatible with:
- Binance
- Poloniex
- Bitmex
- Kucoin
- Kucoin Futures
- Huobi, Bybit
- Bybit Futures
- Binance.US
- Coinbase
- Bittrex
- FTX
- FTX Futures
ProfitTrailer pricing: is it worth your money?
The Signals Edition plan costs €30/month and it lets you run 2 bots on multiple exchanges. For the Lifetime plan, you need to pay €799 while the Advanced plan is available for €999. There are free plans for a few exchanges but the paid plans are too expensive.
ProfitTrailer review: upsides and downsides
| Upsides | Downsides |
| Large number of supported exchanges | Lack of vendor transparency |
| Over 40 indicators | Expensive pricing plans |
| 2-factor authentication not available |
ProfitTrailer review: final remarks
This system allows for advanced configurations and is compatible with some of the top exchanges. Nevertheless, the pricing plans are quite expensive compared to other platforms. Beginners might face some trouble with installation since the platform uses a Command Line Interface. Also, it lacks advanced security measures like 2-factor authentication. Last but not the least, there is no information on the team members.
