Hello Everyone! Unless you’ve been living under a rock, you’ve likely heard all about BitCoin, LiteCoin, Ethereum and a whole host cryptocurrencies. As cryptomining profitability fades underneath increasing difficulties and the rising cost of mining machines, the world is dazzled by the utterly insane profit margins to be made in TRADING cryptocurrencies. This typically leads the average Joe to look into and, likely, invest some money into the cryptocurrency market. And, as time progresses (especially if profits are being made), one inevitably must make a choice to use a trading bot or not.
Now, I’m not trying to sell you one way or the other. My goal here is to take one of the newest and seemingly most profitable of the numerous trading bots out there, Profit Trailer, and break down getting the bot installed and running. There are numerous guides to Profit Trailer Installation and all of them are good. Crypto Gnome has some excellent information at https://github.com/CryptoGnome/Profit-Trailer-Settings/wiki/Setup-Guide
. I’m not trying to knock him or anyone else with a guide out there. BUT………….
There are a few things that, in the course of installing this bot for a family member who has gotten on the crypto wagon in a big way, I noticed were lacking in the main set of guides. This being that not one of them had been designed with the true noob in mind. Each assumed a level of knowledge and discourse that can ( and would) leave a newbie cursing the fact they just spent .03 of a Bitcoin on something that refuses to even start.
Anyway, the point is, if you don’t have a tech savvy person handy, you could be left with, at best, the program downloaded but unable to start it or at worst, out a nice chunk of your crypto because of failing to understand EXACTLY what is needed to make the bot operate. Any suggestions on how to make this guide more complete, such as adding specific exchange instructions would be most appreciated.
Have an account at either Bittrex, Poloniex or Binance ACTIVE! I have read horror stories regarding buying this bot and installing it without having your account open and logged into. Just in case there is truth to them, better to be safe than sorry. Open your account of choice ( we used Binance so that is the exchange that this guide refers to. ) Use the account interface to create TWO(2) sets of API keys. One will be public, one will be secret in each set. You will notice that, at least on Binance, that each set of keys will have 2 permissions checked and one, withdrawals, unchecked. This is as it should be. If for some reason the withdrawals permission is checked, delete the key and start over. I would suggest that, for ease of use sake, you label each of the sets of keys. The first should be labeled (yourexchange)Default and the second should be labeled(yourexchange)Trading. This will help you recognize which keys are which later in the setup process. Copy these into a Notepad file, Word file, write them on your bedroom walls in blood, just keep BOTH SETS OF THESE API KEYS SAFE! Anyone with these keys has access to your exchange account. The first key will be initially used when you buy the Profit Trailer bot. The others will be used when you set up Profit Trailer. Ensure that you have JAVA 8 installed and running on your computer. It is extremely important that it be JAVA 8 and not 9. Profit Trailer WILL NOT WORK WITH THE JAVA 9 JRE. This problem was likely the biggest hurdle with Profit Trailer until I realized what was happening. Download and install Notepad++. Very Important. Some guides make it sound like you can do the settings changes on a regular NotePad file. This may be true, but Notepad++ is an actual IDE (software writing program for the uninitiated) that will give you the same view that all the guys in their YouTube Videos have up when they discuss their settings. Just saying guys, you’ve got people who, while they might know how to trade, might not know squat about IDE’s and their function. Buy the bot. This can be accomplished at https://profittrailer.com/pt/CryptoGnome/
At check out, you will be asked for the FIRST of the API keys you created. This will be the, first PUBLIC key you created. Pay for the bot. Wait for BitCoin to go from wallet to Profit Trailer creators. Have a beer….Smoke a cigarette….watch a movie. Seriously, you’re gonna be waiting awhile. One good idea while you spend hours waiting for the license key to be sent to you is to ensure that, if you have a newly created exchange account, you should place some cryptocurrency/money in the account…otherwise you’ve got another wait. Most guides say to next get a VPS(Virtual Private Server or Cloud Server). I was unable to get a VPS enabled at the time of this installation, so I will be posting another article regarding that process as soon as I can get it up and running on this installation. UPDATE We now have a Windows VPS running. You can visit Profit Trailer And You: A Newbie Guide To Setting Up Profit Trailer Part 2: Windows VPS here. Get Profit trailer Up and Running!!!! Here’s what you’ve been waiting for and trust me, all the other “prep stuff” will make this part a whole lot smoother. First, go to https://github.com/taniman/profit-trailereleases
download the latest version of Profit Trailer. Next, unzip the files and navigate to the new folder. Open the file named application.properties with Notepad++ and then stare at it. I mean… really stare at it. Scary huh? Looks like you’re about to start coding the next Destiny game doesn’t it? Relax. this is a simple IDE that is giving you a series of settings that have to be adjusted manually instead of using a graphics user interface like the ones we’ve all grown to know and love. What you really need to know is what you are looking at. You’re going to see things like “trading.exchange” and “default_apiKey”. Each of these lines will have an equals sign on the end of them. Concentrate on what’s on the right side of the equals sign, cause that’s where your info is going to go. Remember those API keys you made? Well, here’s where they go.
Update these settings:
trading.exchange = THE EXCHANGE YOU ARE USING e.g. BITTREX (This MUST BE IN ALL CAPS. using lower case letter will give you an error code on startup)
default_apiKey = THE FIRST API KEY YOU CREATED (The key you labeled (yourexchange)Default )
default_apiSecret = THE FIRST SECRET KEY YOU CREATED
trading_apiKey = THE SECOND API KEY YOU CREATED (The key you labeled (yourexchange)Trading )
trading_apiSecret = THE SECOND SECRET KEY YOU CREATED
server.password = PASSWORD HERE (This is a password you create here. it is not tied to any other account)
You with me so far? Keep in mind that, so far the bot IS NOT RUNNING. we haven’t turned on anything yet, so don’t worry.
Most of the other guides say to start the bot up at this point and I would tend to agree, except you may want to look at the default settings in the pairs and DCA files to ensure that they are set the way you want them. DCA settings are a huge factor in Profit Trailer and I would suggest watching several videos regarding them. I do not claim to be a crypto expert and do not pretend to understand all the terms. The Profit Trailer Wiki at https://wiki.profittrailer.io/doku.php/dca.properties
has in depth articles dealing with each of the settings and I suggest getting very familiar with them and understanding exactly what each does before turning the bot on.
Ok, with that being said, if you feel like your settings are just the way you want them, open up the pairs.properties file in Notepad++ and change “ALL_trading_enabled=false” to “ALL_trading_enabled=true” and save the file. Next you will want to click ‘run’ on the ProfitTrailer.cmd file. This will actually start the bot and will open an old style black Windows command line window. Ignore this as it is just the bot starting up, not where you will see what the bot is doing and open your web browser and enter http://localhost:8081/monitoring in the URL field. This will bring up a login page. Use the Password you created in the application.properties file here. This opens the web monitoring dashboard for your bot.
Again, I cannot stress enough the importance of following each step and understanding what each of the settings in Profit Trailer are and what they do. There are several important safety valves in Profit Trailer to keep the bot from chewing through your crypto like cookie monster on a 3 day bender.
One is “ALL_max_cost = x.xxxxx” in pairs.properties. This sets the amount of coin, in BitCoin, that the bot will use for trading. Just because you have have 1.5 BTC in your exchange account doesn’t mean you’ve gotta let the bot play with it all. “ALL_min_buy_balance = x.xx” in the pairs.propertiesfile will accomplish the same thing, just specifying an amount in the account that the bot will not take the account below. There are several important safety triggers in the DCA files as well, one being “min_buy_balance = x.xx” which will keep a specified minimum of BTC in your account, below which NO DCA buys will occur. This is an important distinction from the “ALL_min_buy_balance = x.xx” found in the pairs.properties files; DCA buys will STILL OCCUR even if the account is at or below the minimum specified in the pairs.properties file. Confused yet? It makes sense really, but if you’re like me, DCA really doesn’t mean anything to you. ( It’s Dollar Cost Averaging and it’s a profit mechanism used by Profit Trailer) What it really means is that, if you don’t know or understand what you are doing, it can cause big problems trading. Use your safety triggers and brush up on your trading terms cause soon you’ll be hip deep in EMAGains and Dust Bags…..whatever that means.
Any info on other exchange procedures with reagrds to setting up Profit Trailer would be greatly appreciated. I am not affiliated with or paid by any exchange, developer or site.
Credit & Thanks for this guide by: https://steemit.com/@demonsthenes
How to run a Bitcoin Lightning Node on Raspberry Pi. This simple guide shows you step by step how to setup, run and monitor your Bitcoin node. To help with scalability and performance of the Bitcoin network they have introduced the Lightning Network. This allows "off chain" transactions. This guide walks you through the steps in running a full ... A Bitcoin wallet is as simple as a single pairing of a Bitcoin address with its corresponding Bitcoin private key. Such a wallet has been generated for you in your web browser and is displayed above. To safeguard this wallet you must print or otherwise record the Bitcoin address and private key. It is important to make a backup copy of the private key and store it in a safe location. Bitcoin & Crypto Guide; How to Use MetaMask For Uniswap- Part I. MetaMask is a browser plugin that is used as an Ethereum wallet. In this first article of a three-article series, we will focus on MetaMask installation, importing wallets into MetaMask, and various activities that you can do with this platform. For example connecting to localhost with user "bitcoin", password "bitcoin" and schema "bcex", run the command. bitcoinexchangefh -mysql -mysqldest "bitcoin:[email protected]:3306" -mysqlschema bcex -instmts subscription.ini CSV. No further setup is required. Just define the output folder path. I've had bitcoin for years and I'm now looking to get a trezor for more secure storage, based off of your response my question is this: once I use my trezors address in coinbase to send btc from coinbase to my trezor, is that address saved and used from then on? Or do I need to generate a new address and use it every time I transfer money from coinbase to trezor or vice versa. Sorry if this is ... Gunbot is a crypto trading bot for Bitcoin and Cryptocurrency trading. Start automating trades on markets like Bitmex, Binance .. and more! Buy GUNBOT; Crypto Shop; About; Why Us; Reviews; FAQ; Blog; GUNBOT - the Profit Generator A automated crypto trading bot Get GUNBOT while available. Works on Bitmex #NEW, Binance / Coinbase / Bittrex / Poloniex / Cex.io / Kraken / Bitfinex / KuCoin / Huobi ... Gehen Sie dann zu Ihrem Bitcoin-Client-Netzwerk-Einstellungen und legen Sie die Verbindung zum SOCKS-Proxy, Adresse 127.0.0.1 (auch bekannt als “localhost”) über Port 9050 (der Standardanschluss im Tor) oder Port 9150, (falls Sie das Tor-Browser-Paket installiert haben). Tor ist natürlich langsamer als Ihre direkte Internet-Verbindung, so dass wenn Sie einen vollständigen Client für ... Download CGMiner 4.9.2 (GPU miner for FPGA/ASIC) CGMiner v4.11.1 (NoDevFee): GPU/FPGA/ASIC mining. Download XMRig 3.2.0 (RandomX, CryptoNight and Argon2 CPU miner) Download XMRig 2.14.6 – Monero AMD (OpenCL) miner. Download Z-Enemy 2.00 (Nvidia GPU Miner) BFGMiner: CPU/GPU/FPGA/ASIC miner for Linux/Windows. Awesome Miner Firmware for Antminer (Download Antminer Firmware for ASIC ... Buying crypto like Bitcoin and Ether is as easy as verifying your identity, adding a payment and clicking "Buy". Sign up for our Wallet today. Create Wallet. Trade Crypto at the Exchange. Integrated with the Blockchain Wallet, our Exchange is a one-stop shop where you can deposit funds and place trades seamlessly in minutes. Get Started . Dive Deeper. Buy Crypto. Bitcoin $ USD. Your Email ... Binance Websocket Api Example
In this video, I walk you through how to buy bitcoin on Binance step-by-step. I show you how to deposit bitcoin to Binance exchange and then how to trade bit... CryptoRobert's quick and easy tutorial on how easy it is to send Bitcoin or Ethereum to Binance using GDAX. You read that correctly. ANYONE can use GDAX to quickly fund not just your Binance ... In this video I show you how to setup a CryptoHopper automated Bitcoin crypto trading bot strategy on the BINANCE Exchange. Get Your Free Trail Cryptohopper ... !!👨💻 SET UP A BINANCE US ACCOUNT 👩💻 !! https://www.binance.us/?ref=35000644 Binance US now allows you to use a Debit card to make purchases ... In this video I show you how to setup a CryptoHopper automated Bitcoin crypto trading bot MACD strategy on the BINANCE US Exchange. Get Your Free Trail Crypt... Puedes comprar BITCOIN con pesos en Colombia, México y Argentina y recibir los fondos en Binance para operar a través de Paxful Registro en Paxful: https:/... 🚨 MEGA BITCOIN BLUEPRINT SALE 🚨 https://www.btcblueprint.com 🔥 Up To $600 Discount - Limited Time 🔥 🔲 My Top 3 Recommended Exchanges 🔵 Phemex http ... Do you want to learn how to set a stop loss on Binance and the proper way to use stop limit order? This 2018 Binance tutorial is for beginners already invest... •Local Bitcoins - localbitcoins.com •Payeer : https: ... How to Set a Stop Loss on Binance - Proper Way to Use Stop Limit Order (Live Ripple Example) - Duration: 11:17. Satoshi Scope 76,166 ... Learn more at: 1. Follow us on Twitter: @dennilovejoy @heytaizen @leoncfu 2. Subscribe To Our Newsletter at: https://cryptocurrency.market/newsletter 3. ...