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Even now I have it between 6- 8. If you are unfamiliar with this term, check out this article on here. Think about it, if you have a gain of like 0.
The answer is a lot. There is one caveat- if say you trade on stable high volume coins only, e. They do not move much, therefore it is reasonable to have gain lower, however I think having it at 1 means you are throwing money away on the table. Timeframe and buy strategy is important too. With one of my clients we analysed his trades and we found that he only traded stable coins with a very high volume. I will explain what we discovered and what we changed:. If you were to graft my settings onto such an account straght away, you would not see an immediate effect, so I told him it was better we phase in some of mine; firstly his DCA log had pairs bought on a completely different timeframe, different strategy and his buy criteria was different to mine.
What we did was make some tweaks on his current settings. We did a spreadsheet analysis to look at his last sales and look at the difference between the price sold and peak price reached in the next 24 hours this is an exercise I conduct with clients , and discovered the Median gain he lost out on was 2. In the end he wanted to keep his coin profile and baseline buy strategy though he added a lot more coins on his whitelist and raised gain to 2. Another conclusion we are able to reach was that his buy zones were in completely different places to mine.
Because I use a large trailing buy, on 30 and 60 minutes- 0. His method was buying and selling quick on the rebound. Being able to trade effectively has nothing to do with picking cookie cutter settings. You actually need to learn how markets work, prices move, the fundamentals of technical analysis like RSI, momentum, price action etc. This is what I teach people to do. I only include a selection of lots of settings with my coaching clients as examples of what has worked with me in the past If you are a treasure hunter, some of my legacy DCA settings have been posted in Discord- hint owning Profit Trailer Feeder is a key to the chest; though I am planning on releasing some of my legacy settings soon to the public for free anyway via Youtube and or Github and because 2.
Adjusting a trailing buy. Very simply, having a tight trailing buy of say 0. Having a very large trailing buy of say 3 or 4 means you will give it more wiggle room before buying- leading to less fakeout reversals, so the quality will be increased but also will lead to a lot less trades.
Hence why I find a decent number to be between 0. One additional feature of Profit Trailer is that it will manage the coins you buy manually yourself. And if you already had alts in the account before the bot started, it will calculate the average price if it is less than 30 days old. Any older and you can input the bought price yourself. If you are happy to let PT trade them it will manage them just like any other pair including DCAing them when required.
So if you wish to practice manual trading with small amounts, PT can help as a safety net! How will trailing work in 2. So you may have gathered in 2. The creator PT Elroy has this to say about how trailing works in 2.
Trailing starts. And will only buy if once trailing triggers the entry price is still below the original price when trailing started.
Risk management is an absolutely vital skill in any form of investing or trading. I regard risk management as the cornerstone of being profitable long term and will teach people how to do it a pragmatic way. The best thing overall with Profit Trailer really is that because of its wide range of monitoring and safety features it can really help as a risk management tool.
For example, once you get more experienced you could also just use it on semi automatic mode which sometimes I do where you do your own buys and it sells or DCAs for you. Because it monitors your portfolio on an exchange you will have seperate instances of PT and monitors on different exchanges. For example if your account grows from 0. This is a good risk management strategy as this means you are reducing the amount of exposure to risk when the market turns. I would use this with caution but it can be very useful once a crash is confirmed, because you can simply save your btc before your alts tank more.
And guess what? After they had panic sold, altcoins and BTC started recovering. To coaching clients I will explain in detail how I determine market bottoms, and at some point I will be either making a Youtube video or another post about this.
Sell only mode triggers will turn off the bot upon certain market conditions. Alts have somewhat of a complex relationship with btc and some alts have almost no correlation to btc whereas others do. DCA Rebuy timeout- this prevents the bot from making another DCA buy within the specified time period, expressed in minutes.
Most PT users seem to ignore this or have it on something very low like 30 minutes. Again it makes no sense from a risk management point of view to have no or a short rebuy timeout. Think about it, how much safer is your account from being ruined by a bag if you are only allowed 1 DCA buy per pair a day or every 2 days?
A lot, and again why my accounts are able to survive harsh market conditions and still be safe unlike the overwhelming majority. A final word about the creator Elroy, who an excellent and very helpful and well organised developer. Many of us have used other bots which had less reliable developers, who ignored bugs or provided poor customer service or we had been left scratching our heads as to why the bot made those buy decisions.
Additionally Elroy constantly adds new tweaks and features. Profit Trailer is constantly evolving and the creator Elroy is getting feedback all the time, from some very experienced botters and traders and inputting it into the roadmap, and it gets bit by bit more advanced with each release. I am now also part of the beta testing team, and we are using the prototype PT 2.
I see this question a lot, and it is well meaning but very niave to assume you can get an exact figure every day. Firstly markets fluctuate a lot.
You may have a month I would say the end of February to early March has been like this where the market is completely choppy and accounts are stable and neither growing much nor losing much. But overall, my accounts have grown far faster than had I had to trade them alone without PT. Is it possible to turn 1k into a million? But on a bull run it will exceed your expectations, possibly beyond your imagination! There is no magic button ultimately, and if someone claims there is, be very sceptical about their claims and dig deeper.
Markets move in cycles and you have to learn to deal with the rough as well as the smooth. Edit: a very important concept to understand with any form of trading is the Wyckoff Market Cycle. If you understand this, it will make you a much better trader, bot or not. The market is an artist, not a computer. It has a repertoire of basic behavior patterns that it subtly modifies, combines and springs unexpectedly on its audience.
A trading market is an entity with a mind of its own. There are no predetermined, never-fail levels where the market always changes. Everything the market does today must be compared to what it did before. I explain this in more detail to any clients. I have recently recorded a video demonstration with a client who came to see me in person to explain this and will upload it once I get the time.
The package I have is:. Is it worth it. Am I likely to see any sort of worthwhile returns? First of all there is a difference between an entire market crash, and altcoin but not btc crash and a short pullback i. PT will deal with moderate pullbacks, and even many altcoin crashes quite well so long as your DCA is set to quite cautious levels like I described previously or you panic sell as soon as the crash is confirmed. Let me give you an example, during November and mid December when BTC super-mooned from USD to 10, and then again from 10, eventually to 20, by the end of Dec there was an Altcoin crash initially in November because people were selling their alts quickly to buy BTC as it was shooting up very fast.
There is also a difference between an altcoin crash and an entire market crash. The crash of Jan- Feb was an entire market crash where everything went down. I did use panic sell during that one, because the bad news was relentless and really should have used it earlier, but it was still enough to save myself a fair chunk. Rarely, but only briefly to update to a new version. My account has grown the most on Binance.
However on some days and weeks Bittrex does outperform Binance, and some people have said to me Bittrex is better. If you have the capital you could have bots for both. Also once you have a license exchange you can have multiple bots trading different base currencies e. There was a recent hack attempt on Binance. Luckily the Binance team prevented withdrawals from the fraudsters and are implementing refunds for fake trades.
Most of the people hacked have never used a bot, and there was no PT user I spoke to who had lost funds, Binance has since confirmed that the attack was down to Phishing. There are several things you should do to up your security whatever you do in crypto.
On Bittrex you can restrict IP addresses for trading and withdrawals. Use a phishing blocker such as Metamask, Comodo, Avast, Malwarbytes. These are all free and are good anti virus programmes. I use Avast Sandbox which works on the free version , Comodo has a free sandbox feature too. For example you can access your Remote Desktop VPS using a Sandbox and also setup Microsoft Word and Excel, or for that matter any area of your computer to run in a sandbox only.
Finally, use a hardware wallet to store your coins and profit withdrawals. My preferred choice is the Ledger Nano which is the most popular brand. If you are not using a hardware wallet, you are leaving your money potentially in the open. No one can access your wallet because it is like a physical safe key and without physical access to it and the keycode, no one can take your coins. All the strategies and settings are explained in detail here.
Go here to buy Profit Trailer. Click here to sign up for Binance , the most trustworthy and profitable exchange. Binance has an amazing number of coins with huge potential, and the CEO has appeared in the media he was recently featured on the front page of Forbes printed edition!
Sign up for Tradingview, the best charting service on the internet. Coinigy is also a great charting service. Profit Trailer feeder is a very popular addon to PT which can dynamically adjust your settings in different volatility, market conditions helping you create a system that switches buy and sell strategy according to what the coin or market is doing. I know both the creator Mehtadone we actually live near each other in London! I have recently met Mehtadone in person and we have recorded a tutorial on PTF 1.
I will explain in brief how I and other use PTF, and why it is a significant upgrade :. There is a lot more PTF can do, the list is almost endless. I keep repeating managing risk is vital in trading and PTF allows you to do that to a very detailed level. I believe in quality over quantity and have no interest in releasing half an hour of waffle where you will learn nothing. Edit I just recently created a new thread on Bitcointalk. I was previously a coach for Gunbot, and helped a lot of people make their bot trading profitable so have lots of botting experience.
This will include:. I will show exactly all the methods I use plus their logic, and you can apply it or you can create a hybrid of your own. My belief is that if you take the attitude of wanting to learn everything you possibly can, constant improvement, marrying the technical and the mental that is the way to succeed.
When I started on this journey one of the difficulties I had was finding there was so much noise and contradicting information out there. I set out to learn all this from more experienced people and reading until I got some answers.
That is what I aim to do for anyone who wants to work with me. I will am in discussions with Blitz, Squiggles, and CryptoProfitBot about doing a joint coaching service where we offer a range of advanced users knowledge in a special area the discussions are still at a very early stage so I will be phasing out at least part of my coaching programme and integrating it into a joint offer With Blitz, Squiggles and some others, so that.
Please subscribe to my Youtube channel for more announcements at a later date- I will also be uploading a lot of free premium content on my channel when I finally have the time to edit it- I have hours worth of stuff I recorded with people who did 1 to 1 sessions with me, stay tuned. Please send me email me at ippp gmail. I am also offering some free consulations to explore where you are and- and can arrange a 15—20 chat on Skype in a limited number of countries like UK, some EU, USA, Canada or on the phone by appointment.
Clicking on it takes you to a news story on a third-party page, which seems like a respectable news site for investors. It describes how Meaden and her fellow dragons were impressed with a bitcoin investment scheme on an episode of the show. At the bottom of the page is a web form where you can express interest in joining the investment scheme.
Heeding the warnings that the scheme will soon close to new investors, you submit your name, email address and phone number. Over the coming weeks the value of your bitcoin holdings appears to increase, and your investment manager calls you frequently, encouraging you to buy more.
Reassured, you carry on investing. There were 1, cases of cryptocurrency investment frauds reported in the first six months of alone. In the same period, there were reports of investment fraud where celebrity endorsement was specifically cited by the victim as an enabler of the scam. Bitcoin is a cryptocurrency — a form of digital money which can be bought with other currencies, traded for them and where retailers accept it used to buy goods and services.
Cryptocurrencies such as bitcoin run on a technology called blockchain — essentially a huge online database of transactions. Bitcoin is far from the only cryptocurrency to be targeted by scammers.
Unlike bitcoin, which has achieved some respectability and is accepted by some retailers, there is no guarantee that investors will be able to spend these newly established cryptocurrencies anywhere.