Crypto Bot Settings: Why you should never pay for them!
Tags: Crypto Trading, Cryptocurrency, Bitcoin, Crypto Trading Bot, Profittrailer

Setting up ProfitTrailer and PT-Feeder needs some time. Especially for beginners, the learning curve is quite steep. There are not a lot of colorful buttons to click (at least not yet). Instead you need to dig into config files, and it’s understandable that this is challenging. But: I haven’t yet seen someone that doesn’t get into that quite quickly with some effort.

Additionally, you need to get your settings right — you need to find a way to make the bot buy at the right point so it can sell for profit. Finding the right way to trade also can be challenging in the beginning.

And here it becomes intimidating to get someones else’s settings, especially when they promise to make you BIG MONEY.

5 Reasons why you should never pay for Bot Settings

There are quite a few people out there that offer to sell you their settings. And while first, you might think “well why not pay someone if they help me reach my goals” I have a list of reasons for you why this is a terrible idea.

Sidenote: While I’m talking a lot about ProfitTrailer here, this is the same for nearly every other bot.

1. You’re buying a pig in a poke — and I promise it’s an ugly one.

All of these setting sellers promise to give you their ‘perfect money making’ settings. From what I have seen so far none of them even bothered to create some settings themselves. Most of them are using settings that other people give away for free or ones that are coming out of tools like PT-Feeder.

Not a single paid-for package that I have seen so far, contained settings that were anything close to good.

2. You’re funding scammers

It’s quite clear. Someone that promise to sell you settings with a profit guarantee and then only gives you some common, and freely available ones, is a scammer. With you throwing your money at them, you are funding scammers and this is probably not what you want.

3. Markets are constantly changing

Markets don’t behave the same every day. There are no general settings that work in all markets. Even though these scammers promise to update you regularly with new settings, most of them don’t or send you some other crappy settings as an update.

You’re better off using tools like PT-Feeder to adjust your settings based on market events. Of course you should also not pay for PT-Feeder settings for the same reasons.

4. There are free alternatives out there

If you think you need to get other peoples settings, feel free to do so. And by saying feel free, I really mean don’t pay for them. There are a lot of people in the community sharing their settings. Here are some links to these people, sign up for my Newsletter above to get regular updates on these.

CryptoGnome [Github, Discord, YouTube]

CryptoCoyns [Discord]

Also, the official ProfitTrailer Discord chat has a lot of great people that are able and willing to help you find your own way. You only need to bring the will to learn and your friendly self. Try it out!

5. There are no general perfect settings

Sure, some settings are better than others but as we said market change a lot and there are a lot of other factors coming into the game (Exchange, Base Currency, your balance, your risk awareness). So there are no generally right settings. Even if you use free settings from someone else, you should always be aware that they likely work best if you modify them to your need and taste. Just take them as a starter to run from and try to make up your own.

In the end, if everyone would run the same “perfect” settings, you can easily imagine that this wouldn’t work very long.