Example Trading Strategies Setup

For a slideshow presentation of this information Click Here

Overview

  • This section describes the various example trading strategies ProfitTrailer provides.
  • We believe in: Teach a man to fish and he eats for life rather than: Give a man a fish and he eats for a day
  • We provide these example trading strategies for educational purposes only to show the correct usage of the ProfitTrailer product and give our users a good starting point to use with the product.
  • These settings are just a starting point and you should feel free to study and tailor these settings to suit your individual trading budget, trading style, preferred markets and exchanges and your level of risk aversion.

Setup required to use these Example Strategies

  • You must study and tailor these example trading strategies to suit your individual trading style, preferred markets and exchanges and your level of risk aversion before using them for the first time.
  • Please note: Failure to follow any of these setup steps could cost you money.

Step 1. Study what each of the example trading strategy does

  • Before going any further stop and take time out to study each of the example trading strategies.
  • Don't put your hard earned money into any trading strategy until you understand how it all works and whether it is the right strategy for you.
  • Everyone is different, we all have different trading budgets, trading styles and risk aversion levels so its important to understand if a trading strategy will suit you.

Step 2. Setup and run these example trading strategies on a paper trading bot

  • We strongly recommend you run the example trading strategies in test mode until you have them configured the way you want them.
  • Once you have configured and tweaked the strategy to suit you and are happy with those changes you made then trade live.
  • This will save you a lot of money that could have been wasted by having incorrect settings running live.
  • Once you have been running live for a while and want to do some changes to your settings, do those changes in a paper trading bot first to ensure they work they way you want. Then when you are happy with those changes go and make those changes in your live bot.

Step 3. load and save the example trading strategies

Step 4. Tailor the example trading strategies to suit your requirements.

  • Trading is disabled by default to allow you to complete your setup.

Step 5. Enable the bot for Trading

  • Trading is disabled by default on all example trading strategies. You will need to enable this to start trading.
  • When you have finished configuring your specific trading settings then you can enable trading
    • by going to the Basic Configuration GUI screen and clicking the button at the bottom of the screen as follows:
      • click that button. it'll be grey and say “Trading OFF”, you want it to be blue. then hit the save button near the top
    • Or by going to the Advanced Configuration screen and changing this setting as follows:
            DEFAULT_trading_enabled = true

Step 6. You are ready to trade, now please note the following Disclaimer

  • All investment carries risk and you must take ownership of your trading and investments. Only you can make the decision as to how you will choose to spend your hard earned money.
  • Trading in cryptocurrency carries a high level of risk, and is not suitable for all investors.
  • The possibility exists that you could lose some or all of your investment capital and therefore you should not invest money that you cannot afford to lose.
  • You should be aware of all risks associated with investing / trading in cryptocurrency and should seek professional financial advice from an independent, competent, licensed accountant or financial advisor.
  • That portion of your investment capital that you can afford to lose is known as Risk Capital. The first rule of trading is Risk Capital preservation, profits while important are secondary to the first rule.
  • No representation is being made that any trading methodology will or is likely to achieve profits similar to those described here.
  • Past performance of any trading methodology is not necessarily indicative or a guarantee of future results.
  • These settings do not constitute financial advice. We do not and will not provide financial advice.
  • Any information presented is strictly for educational purposes only and should not be construed as investment advice or an offer to buy or sell securities.

  • strategies_overview.txt
  • Last modified: 4 weeks ago
  • by cryptocoyn