Getting started with Awesome Signals on Profit Trailer
Tags: Trading Signals, Cryptotradingbot, Bitcoin, Profittrailer

Awesome Signals on Profit Trailer

In this post, I aim to go through the basic steps to get you started with using Awesome Signals with Profit Trailer. A lot of this information is also on the Profit Trailer Wiki

Purchase a voucher from the Profit Trailer shop. This is hopefully an easy one. Each subscription includes Binance, Huobi, Bittrex, Poloniex and Kucoin and every market (BTC, ETH, USDC, PAX, BNB, USDT, TUSD for example). Once you have completed your purchase, you will receive a voucher code in your email which you need in step two. If you do not receive this within 15 minutes, check your spam and then contact Profit Trailer support. Go to the PT Assistant Discord bot, and here you need to attach your voucher to your Profit Trailer license. You will need to use the !redeemsignal command. Screenshots on how to do this can be found here. There is an extra step which we think is quite useful. You can configure Profit Trailer to send a Discord message whenever a signal is received. (Provided you have a discord bot setup). You can do this by going to your Profit Trailer application.properties file, and adding this line:

discord.new_signal_notification = true

This also works if you use telegram notifications.

4. Now it’s time to setup your bot. Firstly we need to setup our buying strategy. We do this by setting the buy strategy to SIGNAL. Our signals are STRATEGY mode which means all other config in your Profit Trailer config files will still be applied. It is recommended that you don’t use any other strategy with our signals, but if you want to confirm them with something else, you can do. Our signals are also sent on an uptrend, so we recommend you do not use a trailing buy.

DEFAULT_A_buy_strategy = SIGNAL

5. Because we only send BUY signals, you need to setup a SELL strategy. The most basic sell strategy you can use is GAIN. This will sell when this profit percentage is reached. We test our signals to provide at least 1% profit as quickly as possible, so we do recommend you don’t set anything too much higher. This could be a few seconds or a few days depending on the market. Within the sell strategy, you can however use all the other sell methods including trailing, take profit and trailing stop loss. In fact, we encourage it. This is just a basic guide so you get an idea but doesn’t show off the power of Profit Trailer at all!

DEFAULT_A_sell_strategy = GAIN

DEFAULT_A_sell_value = 1

6. Then for everything else, that’s where you can get creative and use any other Profit Trailer feature you like, including a DCA strategy. You could use one of the Profit Trailer example strategies to build off if you like. We like using take profits, combining our SELL strategies with something like RSI and adding some extra securities like min buy volumes, maximum spreads and sell wall detection.

That’s it.

So for a really really simplistic and basic config file, this is what your PAIRS config could look like:

market = BTC

​

DEFAULT_trading_enabled = true

​

start_balance = 0.5

keep_balance = 0.0

keep_balance_percentage = 0

​

enabled_pairs = ALL

hidden_pairs = ALL

max_trading_pairs = 5

​

DEFAULT_min_buy_volume = 0

DEFAULT_initial_cost = 0.002

​

DEFAULT_DCA_enabled = false

​

DEFAULT_A_buy_strategy = SIGNAL

DEFAULT_trailing_buy = 0

​

DEFAULT_A_sell_strategy = GAIN

DEFAULT_A_sell_value = 1

DEFAULT_trailing_profit = 0.15

BNB_trading_enabled = false

And you need something in DCA or Profit Trailer doesn’t like it.

# THIS COMMENT NEEDS TO BE COPIED INTO DCA

And also indicators.

# THIS COMMENT NEEDS TO BE COPIED INTO INDICATORS

That is it, now you are ready to go. Watch the signals come in and profit!

Common Questions