So I bought Profit trailer a week ago and want to tell you about it
Profit trailer is a bot that does trading for you, you install it on a virtual server and let it run its thing.
It uses a few interesting strategies like bollinger bands and EMA crossings.
In bollinger bands it will enter a buy trade if the price goes below the bottom line and will sell when the price goes withing the band. (it calculates the width of the band so it wont buy when the band is getting wider) .
I have the bot running a more then week and it seems to do around 0.5% per day, currently.
However I feel that this bot need to be judged in the time frame of 1 year.
My main concern currently is that the bot buy all kinds of coins, (this can be configured) , coins can die unexpectedly which can blow your account.
There is also something called DCA, which means that when the bot buys a trade but the trade goes down, it will buy more on the down trade to avg out the price. This sounds good in principal however if the coin dies or go really low, you just bought a lot of dead coin.
I think the best strategy for me would be to limit the bot for just a few of the major coins and put the DCA on.
