In the fast-moving world of cryptocurrency trading, prices can change rapidly across exchanges in minutes or seconds. These price fluctuations create volatility – and opportunity. Savvy traders try to capitalize on temporary price differences through arbitrage, buying assets on one platform and selling quickly on another before the window closes.
But constantly monitoring dozens of exchanges manually is nearly impossible. This is where automated trading bots like ProfitTrailer come in. ProfitTrailer is an intelligent trading assistant that scans markets in real-time, identifying profitable opportunities and executing trades with lightning speed.
Launched in 2017 in Curacao, ProfitTrailer leverages complex algorithms, statistical models, and machine learning to analyze market data across exchanges 24/7. When the bot’s systems detect price divergences likely to offer substantial upside, they automatically trigger buy and sell orders to lock in gains.
ProfitTrailer’s automated trading is enhanced by sophisticated trailing stop-loss capabilities. Trailing stops allow the bot to ride positive trends while dynamically adjusting sell orders to secure profits if the market shifts. This reduces downside risk substantially compared to regular stop losses. Even in bearish conditions, ProfitTrailer’s adaptive strategies aim to generate returns.
For traders who prefer being more hands-on, ProfitTrailer also provides trading signals and alerts in real time. Integrations with Telegram and Discord allow users to receive notifications on high-probability trading opportunities identified by the bot’s analytics. Traders can then execute their manual orders based on ProfitTrailer’s insights.
Between fully automated trading and AI-powered signal services, ProfitTrailer offers solutions for passive income seekers and active crypto traders. Its platform aims to maximize upside across both bull and bear markets while limiting risk – a decisive advantage in volatile crypto markets.
Overview of ProfitTrailer
ProfitTrailer classifies itself as a Bitcoin Robot, highlighting its focus on automated cryptocurrency trading. Let’s look at some key details on offerings, features, and use cases:
Robot Type and Minimum Deposit
- 🤖 Robot Type: Bitcoin Robot
- 💸 Minimum Deposit: $250
The minimum deposit is in line with other popular crypto bots. This allows traders to start small and scale up as they gain experience.
Legitimacy and Claimed Win Rate
- ✅ Is It a Scam or Legit? Legit
- 🚀 Claimed Win Rate: 85%
With thousands of active users and generally positive sentiment online, ProfitTrailer appears legitimate. Its high claimed win rate signals the potential profitability of the bot’s trading algorithms and signals. However, promises of any win rate should be taken cautiously, as past performance does not guarantee future results.
Trading and Account Fees
- 💰 Trading Fees: None
- 💰 Account Fees: None
- 💰 Deposit/Withdrawal Fees: None
A significant advantage offered by ProfitTrailer is no trading commissions or hidden account fees. Users only pay the monthly or lifetime subscription costs. Exchanges may impose small trading fees.
Supported Cryptocurrencies and Withdrawal Timeframe
- 💱 Supported Cryptocurrencies: BTC, ETH, USDT
- ⌛ Withdrawal Timeframe: 24 Hours
The bot focuses on high-volume coins like Bitcoin, Ethereum, and Tether, where liquidity and volatility create frequent short-term opportunities. Withdrawals are processed quickly, within 24 hours.
Customer Support and Verification Requirements
- 🎧 Customer Support: Live chat, Online Form
- ✅ Verification required: KYC
ProfitTrailer offers two customer support options via chat and help desk tickets. User accounts undergo KYC verification, ensuring full regulatory compliance.
Pros and Cons
No trading solution is perfect for everyone. Assessing the key upsides and downsides of ProfitTrailer can help determine if it aligns with your risk profile and goals:
Advantages of ProfitTrailer
- Free demo account – Test drive the platform risk-free
- Connects with top exchanges – Access liquidity across markets
- Numerous indicators – Make informed trading decisions
- Active community – Learn from other users
- Customizable bots – Automate trading strategies
- Trading signals – Leverage AI analytics for manual trading
- Trailing stop losses – Limit downside without capping the upside potential
Disadvantages of ProfitTrailer
- No money-back guarantee – Lack of refund policy
- Steep learning curve – Taking full advantage has a learning curve
- Requires monitoring – Bots need oversight to maximize returns
- High monthly cost – Subscription fees are substantial
ProfitTrailer offers a significant upside but lacks a risk-free trial period or money-back guarantee. The platform also requires active bot management and has a relatively high monthly cost. However, for disciplined traders, the benefits may warrant expenditures.
Let’s explore the assets, products, and trading options available through ProfitTrailer:
Assets and Products Available
The ProfitTrailer website focuses heavily on cryptocurrency trading, given the name Bitcoin Robot. The platform scans for arbitrage and volatility opportunities across significant coins like BTC, ETH, and USDT.
Limited information is provided on forex capabilities, though this is mentioned as an offering. Forex trading opens up additional opportunities in the fiat currency markets.
Overall, the core benefit provided by ProfitTrailer appears to be the automated, algorithmic trading of cryptocurrencies. Scanning liquidity across exchanges allows profits from short-term volatility.
Leverage Trading and Spreads
Details on leverage trading or spreads are not outlined on the ProfitTrailer site. While forex brokers connected to ProfitTrailer may offer leverage, extreme caution is urged when utilizing leverage products, given the magnified risks involved.
Conservative traders focused on steady gains over time may want to avoid leverage entirely. Those comfortable with the risks could amplify the upside but should use prudent limits and stop losses. Thorough research is required to assess any leverage offerings.
Fees and Payment Options
ProfitTrailer aims for transparency on pricing and fees, allowing informed decisions:
Cost of ProfitTrailer
- Free: Trial with paper (demo) trading on the Binance exchange
- Primary: €49/month or € 799-lifetime access. Includes signals, Discord, paper trading, and 40 indicators.
- Signs: €30/month. We are focused on trading signals.
- Advanced: €69/month or €999 lifetime. Full features across multiple exchanges.
The range of plans allows traders to select the optimal level of capability. Lifetime plans offer a one-time cost for unlimited access. The free demo ensures risk-free evaluation before spending money.
Accepted Payment Methods
ProfitTrailer allows payment via multiple methods:
- Credit cards
- Cryptocurrency (BTC, ETH, USDT, etc.)
The ability to pay in significant cryptocurrencies enhances convenience for crypto traders. Transactions are processed securely through trusted payment gateways.
Aside from exchange trading fees, ProfitTrailer does not charge commissions, hidden fees, or additional costs. Pricing is transparent upfront. However, connected exchanges impose small trading commissions that should be researched before trading.
ProfitTrailer aims to offer an intuitive platform that simplifies advanced crypto trading:
How ProfitTrailer Works
The ProfitTrailer bots execute trades automatically based on programmed strategies and algorithms. Critical steps in the process include:
- Scan Markets – ProfitTrailer uses APIs to scan prices and liquidity across multiple real-time exchanges. Historical data is analyzed for insights.
- Identify Opportunities – Profitable trades are identified based on statistical models, machine learning, and backtesting.
- Execute Trades – When pre-set opportunity criteria are met, buy/sell orders are executed to enter and exit positions automatically.
- Trailing Stops – Sophisticated trailing stops lock-in gains while limiting downside exposure if markets reverse.
In addition to automated trading, actionable trading signals are sent to users via Telegram and Discord for manual execution.
Supported Devices and Partner Exchanges
The ProfitTrailer web platform can be accessed on Windows, Mac, and Linux devices through modern web browsers. Mobile apps are not offered currently.
The bot integrates directly with crypto exchanges like Binance, Bittrex, Poloniex, KuCoin, and BitMEX. This allows market scanning and order execution across multiple trading venues.
Availability and Language Support
While country availability is not specified, ProfitTrailer appears globally accessible. However, users should check their local laws regarding cryptocurrency investing and automated trading.
English is the default platform language, but support services may offer additional languages. The website lacks translated content currently.
Ease of Use
For a powerful trading bot, ProfitTrailer offers a surprisingly user-friendly experience:
- Intuitive dashboard – Monitor bot performance and markets at a glance.
- Customizable bots – Tune strategies via pre-set modes and detailed settings.
- Trading signals – Integrate signals into manual trading strategies.
- Paper trading – Test with virtual funds before trading actual capital.
Extensive educational resources help traders optimize results. While a learning curve exists, the core functionality is accessible to most.
A few differentiators make ProfitTrailer an intriguing crypto trading solution:
The dashboard overviews all bots, positions, orders, and performance metrics. Traders can quickly adjust settings and parameters as needed.
Up to 40 technical indicators, such as RSI, MACD, EMA, and Bollinger Bands, are included to augment trade analysis.
Active Discord channels and live chat allow users to get questions answered and learn best practices from each other.
These features provide insightful tools to maximize trading outcomes with ProfitTrailer’s infrastructure.
Security and Regulation
For an automated trading platform, ensuring security and compliance is crucial. ProfitTrailer implements multiple measures in these areas:
Legitimacy and Safety
- Parent company ProfitTrailer B.V. is registered and licensed in Curacao.
- Positive online sentiment supports the legitimacy of the platform.
- ProfitTrailer follows strict regulations set by the government of Curacao.
- SSL encryption protects user accounts and data.
Protection of User Information and Funds
- SSL encryption secures all data entered into the ProfitTrailer site and dashboard.
- Connected exchanges are generally regulated, providing fund protections.
- Users should enable Two-Factor Authentication (2FA) on exchanges for account security.
- Hardware wallets like Ledger and Trezor provide offline fund storage.
Together these measures create a robust security posture. However, users retain responsibility for exchange account protections.
Regulation and Verification
- ProfitTrailer maintains an active license with the government of Curacao.
- Know-Your-Customer (KYC) rules require user identity verification.
Mandatory KYC ensures full compliance with anti-money laundering regulations in Curacao. This legitimizes ProfitTrailer as a regulated trading platform.
ProfitTrailer provides an extensive Wiki database on its website with guides, tutorials, FAQs, and strategies for its platform. This allows users to optimize utilization and trading performance.
The platform itself does not currently offer technical charting or analysis tools. However, connected exchanges provide robust charting and analytics capabilities that traders can leverage.
Users can access support via live chat or support tickets. The team aims to resolve questions or issues promptly during business hours. An active user community on Discord also provides peer troubleshooting and advice.
Between formal and informal support options, ProfitTrailer traders have resources to help optimize their experience.
Alternatives to ProfitTrailer
ProfitTrailer is far from the only automated crypto trader available. For those interested in comparing options, here are a few top alternatives:
- Well-established crypto trading bot
- Automatic or manual trading modes
- $250 minimum deposit
- Scans markets across major exchanges
- Claims a high accuracy rate
- Trades top cryptos, including Bitcoin
- It uses intelligent algorithms and time leap analysis
- Customizable risk parameters
- Designed for new traders
Each platform has unique strengths and weaknesses to evaluate. Checking fees, supported exchanges, bot features, and security should factor into any decision. ProfitTrailer stacks up well across these criteria.
Getting Started with ProfitTrailer
For traders interested in exploring ProfitTrailer’s automated crypto trading, here is an overview of the step-by-step process to get started:
Steps to Open an Automated Trading Account
- Sign Up – Register a user account with your email address and password. Be sure to use a unique, strong password.
- Verify Identity – Complete KYC verification by providing your full name, DOB, and address and scanning a photo ID.
- Connect Exchange – Link your exchange account(s) to allow ProfitTrailer to trade on your behalf.
- Deposit Funds – Fund your exchange account with an initial deposit via bank transfer, credit card, or crypto deposit.
- Select Plan – Choose the optimal ProfitTrailer subscription plan for your needs and budget. The free trial is a good starting point.
- Configure Trading Bots – Customize bot settings, strategies, indicators, and risk parameters to align with your goals.
- Start Trading – Launch your optimized ProfitTrailer bots to begin automated algorithmic trading.
- Monitor Performance – Check the dashboard regularly to oversee bot status, trades, and performance. Tweak settings as needed.
With these steps completed, the ProfitTrailer bots can run hands-free with trailing stops to limit risk. Just be sure to monitor performance frequently and use care with position sizing.
In summary, ProfitTrailer brings powerful automation to crypto trading across exchanges, capitalizing on short-term opportunities. With intelligent trailing stops and active bot management, the potential exists to generate consistent returns in both bull and bear markets.
The platform offers multiple subscription tiers to match needs and experience levels. While not a risk-free proposition, the free demo account allows new traders to test-drive ProfitTrailer’s capabilities with virtual funds.
No trading bot can guarantee profits, and losses are always possible. However, disciplined users who take the time to understand ProfitTrailer’s offerings may benefit from its cutting-edge trading infrastructure and insights. The bot simplifies advanced strategies like arbitrage that are difficult to execute manually consistently.
Overall, ProfitTrailer warrants consideration for traders seeking automated solutions or trading signals enhanced by AI and machine learning. While evaluating any trading platform thoroughly first is advised, ProfitTrailer has differentiated itself within a crowded field of crypto bots. Its robust infrastructure and focus on intelligent risk management provide a compelling package for active crypto traders worldwide.