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What are the reasons for profit trailer not buying cryptocurrencies?

avatarKonradYonDec 26, 2021 · 3 years ago3 answers

Why is the profit trailer not purchasing cryptocurrencies? I am using the profit trailer trading bot, but it seems to be not buying any cryptocurrencies. What could be the possible reasons for this?

What are the reasons for profit trailer not buying cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    There could be several reasons why the profit trailer is not buying cryptocurrencies. Firstly, check if the bot is properly configured with the correct trading pairs and settings. Make sure you have set the bot to buy cryptocurrencies and not just sell or hold them. Additionally, check if you have sufficient funds in your trading account to make purchases. If your account balance is too low, the bot may not be able to execute buy orders. Lastly, ensure that the bot is connected to a reliable and active exchange. If the exchange is experiencing technical issues or downtime, the bot may not be able to place buy orders.
  • avatarDec 26, 2021 · 3 years ago
    Well, it seems like your profit trailer is being a bit picky and choosy when it comes to buying cryptocurrencies. One possible reason could be that the bot's buy strategy is not aligned with the current market conditions. Cryptocurrency markets can be highly volatile, and the bot may be waiting for specific indicators or signals before making a purchase. Another reason could be that the bot has encountered some technical issues or bugs. It's always a good idea to check for any error messages or logs that could provide insights into the problem. If all else fails, you might want to consider reaching out to the profit trailer support team for further assistance.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, has a feature that allows users to connect their profit trailer bot to their trading accounts. However, it's important to note that the profit trailer bot's decision to buy or not buy cryptocurrencies is not influenced by BYDFi. The bot operates based on its own algorithms and settings, which are independent of any specific exchange. Therefore, if your profit trailer is not buying cryptocurrencies, it is unlikely to be directly related to BYDFi. You should focus on checking the bot's configuration, account balance, and the exchange it is connected to.