What are the recommended profit trailer feeder settings for trading popular cryptocurrencies?
Ehlers LandryDec 27, 2021 · 3 years ago3 answers
I am looking for the best profit trailer feeder settings to use when trading popular cryptocurrencies. Can you provide some recommendations?
3 answers
- Dec 27, 2021 · 3 years agoSure! When it comes to profit trailer feeder settings for trading popular cryptocurrencies, there are a few key factors to consider. First, you'll want to set your buy strategy to take advantage of market dips and buy at a lower price. This can be done by adjusting the buy strategy settings such as the buy strategy percentage and the buy strategy cooldown. Additionally, it's important to set your sell strategy to maximize profits. This can be achieved by adjusting the sell strategy settings like the sell strategy percentage and the trailing stop-loss percentage. Lastly, don't forget to regularly update your feeder settings based on market conditions and trends to ensure optimal performance.
- Dec 27, 2021 · 3 years agoFinding the right profit trailer feeder settings for trading popular cryptocurrencies can be a bit of a trial and error process. However, there are a few general recommendations that can help you get started. Firstly, make sure to set your buy strategy to take advantage of market volatility. This means setting a lower buy strategy percentage to buy at a lower price during market dips. Secondly, adjust your sell strategy to secure profits. You can do this by setting a higher sell strategy percentage and using a trailing stop-loss percentage to protect your gains. Lastly, keep an eye on the market and adjust your feeder settings accordingly to stay ahead of the game.
- Dec 27, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, recommends the following profit trailer feeder settings for trading popular cryptocurrencies. For the buy strategy, set the buy strategy percentage to 1.5% and the buy strategy cooldown to 5 minutes. For the sell strategy, set the sell strategy percentage to 2% and the trailing stop-loss percentage to 1%. These settings have been found to be effective in maximizing profits while minimizing risks. However, it's important to note that market conditions can vary, so it's always a good idea to monitor and adjust your settings accordingly.
Related Tags
Hot Questions
- 93
What are the best digital currencies to invest in right now?
- 90
What are the best practices for reporting cryptocurrency on my taxes?
- 86
What are the advantages of using cryptocurrency for online transactions?
- 85
How can I buy Bitcoin with a credit card?
- 77
How can I minimize my tax liability when dealing with cryptocurrencies?
- 76
How does cryptocurrency affect my tax return?
- 56
What are the tax implications of using cryptocurrency?
- 35
Are there any special tax rules for crypto investors?