Profit Trailer Review – Is it Scam? – Broker for Bitcoin

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Introduction

Cryptocurrency trading can be a daunting task, especially for beginners. However, with the advent of automated trading bots, the process has become easier and more profitable. In this article, we will be reviewing one of the most popular trading bots in the market – Profit Trailer. We will explore its features, pricing, security, customer support, user reviews, and compare it with its competitors. We will also address common scam claims against Profit Trailer and provide a final verdict on whether it is a scam or not.

What is Profit Trailer?

Profit Trailer is an automated cryptocurrency trading bot that works on various cryptocurrency exchanges, including Binance, BitMEX, Bittrex, and Poloniex. It uses Artificial Intelligence (AI) and Machine Learning (ML) algorithms to execute trades based on certain parameters and indicators. Profit Trailer trades 24/7 and can be customized to fit different trading strategies and risk management protocols.

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How it works

Profit Trailer works by analyzing market data and executing trades based on preset parameters and indicators. The user sets the parameters, such as buy and sell signals, stop-loss, and take-profit levels, and the bot executes trades accordingly. The bot also has a feature called DCA (Dollar Cost Averaging), which allows it to buy more of a cryptocurrency as the price drops and sell when it rises again, thus maximizing profits.

Features of Profit Trailer

• Multiple trading strategies
• DCA (Dollar Cost Averaging)
• Stop-loss and take-profit levels
• Backtesting
• Telegram notifications
• Multiple exchanges

How to Use Profit Trailer

• Setting up an account: To use Profit Trailer, you need to create an account on their website and connect it to your preferred exchange.
• Configuring the bot: The next step is to configure the bot by setting parameters such as trading strategy, risk management, and indicators.
• Choosing a trading strategy: Profit Trailer offers various trading strategies, including Ping Pong, Emotionless, and Gain. Each strategy has its own set of parameters and indicators.
• Setting risk management parameters: Profit Trailer allows you to set parameters such as stop-loss and take-profit levels to manage risks.

Profit Trailer Pricing

Profit Trailer offers three pricing plans – Starter, Basic, and Pro.

• Starter plan: $35 per month – 1 exchange, 2 trading pairs, DCA, and basic support.
• Basic plan: $50 per month – 2 exchanges, 10 trading pairs, DCA, and standard support.
• Pro plan: $100 per month – 5 exchanges, unlimited trading pairs, advanced DCA, and premium support.

Each plan comes with a 30-day money-back guarantee.

Profit Trailer Security

Profit Trailer takes security seriously and uses various measures to secure your account and data. It uses two-factor authentication (2FA), SSL encryption, and API key encryption to prevent unauthorized access.

To keep your account and data secure, it is recommended to use a strong password, enable 2FA, and never share your API keys with anyone.

In case of a security breach, Profit Trailer has a dedicated security team that investigates and takes necessary actions to prevent further damage.

Profit Trailer Scam Claims

There have been many scam claims against Profit Trailer. Some of the common claims are:

• Profit Trailer is a Ponzi scheme.
• Profit Trailer guarantees profits.
• Profit Trailer is a scam because it uses bots to trade.

These claims are baseless and unfounded. Profit Trailer is a legitimate trading bot that uses AI and ML algorithms to execute trades based on preset parameters and indicators. It does not guarantee profits, and the user is responsible for setting the right parameters and managing risks.

Profit Trailer Customer Support

Profit Trailer offers various types of customer support, including email support, live chat, and a dedicated support forum. Response times are generally quick, and the quality of support is good. The Pro plan offers premium support, which includes a dedicated account manager and priority response times.

Profit Trailer User Reviews

User reviews of Profit Trailer are generally positive, with many users reporting significant profits. Some of the pros and cons of Profit Trailer according to users are:

Pros:

• Easy to set up and use.
• Offers various trading strategies.
• DCA feature maximizes profits.
• Good customer support.

Cons:

• Expensive pricing plans.
• Steep learning curve for beginners.
• Not suitable for all cryptocurrencies.

There are also many case studies of successful and unsuccessful use of Profit Trailer, which provide valuable insights into its effectiveness.

Competitor Analysis

Profit Trailer has many competitors, including 3Commas, HaasOnline, and Cryptohopper. Each competitor has its own set of features and pricing plans.

3Commas offers similar features to Profit Trailer, including multiple trading strategies and risk management parameters. Its pricing plans start at $29 per month.

HaasOnline offers more advanced features, such as backtesting and custom indicators. Its pricing plans start at $10 per month.

Cryptohopper offers a user-friendly interface and a wide range of trading strategies. Its pricing plans start at $19 per month.

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Conclusion

Profit Trailer is a legitimate trading bot that offers various features and trading strategies. While its pricing plans may be expensive for some users, it offers good customer support and security features. Its DCA feature is particularly useful for maximizing profits. Profit Trailer is not a scam, and users can use it to make significant profits in the cryptocurrency market.

FAQs

1. What is the best trading strategy to use with Profit Trailer?

• The best trading strategy depends on your risk appetite and market conditions. Profit Trailer offers various trading strategies, and it is recommended to research and backtest them before choosing one.

2. Can I use Profit Trailer on multiple exchanges?

• Yes, Profit Trailer allows you to use it on multiple exchanges, depending on your pricing plan.

3. Will Profit Trailer guarantee profits?

• No, Profit Trailer does not guarantee profits. The user is responsible for setting the right parameters and managing risks.

4. How often does Profit Trailer trade?

• Profit Trailer trades 24/7 and can be customized to trade at different intervals.

5. Is Profit Trailer suitable for beginners?

• Profit Trailer has a steep learning curve and may not be suitable for beginners.

6. How do I set up Profit Trailer to trade automatically?

• To set up Profit Trailer, you need to create an account, connect it to your preferred exchange, and configure the bot by setting parameters such as trading strategy and risk management.

7. Can I use Profit Trailer on my mobile device?

• Yes, Profit Trailer has a mobile app that allows you to monitor and manage your trades on the go.

8. What happens if my internet connection goes down while Profit Trailer is trading?

• If your internet connection goes down, Profit Trailer will stop trading until the connection is restored.

9. Can I backtest my trading strategy on Profit Trailer?

• Yes, Profit Trailer allows you to backtest your trading strategy to test its effectiveness.

10. What is the minimum amount required to start trading with Profit Trailer?

• The minimum amount required to start trading with Profit Trailer depends on the exchange you are using and the cryptocurrency you are trading. It is recommended to start with a small amount and gradually increase it as you gain experience.