ProfitTrading App for Android — How to make profits with signals and the trading bot
Check how to make profits easily with ProfitTrading bot and your favorite Telegram/Discord signal group. There are many different possible configurations but this is one of the most used. This example is based on Binance app, but is valid for every ProfitTrading apps, Bittrex, Huobi, Cryptopia, Coinbase, Kraken, Bithumb, etc. You can download them all on GooglePlay.
Get the coin signal from a Telegram/Discord group
Choose a Telegram/Discord that provides good crypto signals. There are plenty of them, some of them are free and some other are premium with a monthly fee. Premium groups offer much better signals and usually is worth to pay a little fee to get more profits.
Here you can see an example of one signal from a Telegram group:
The signal steps are clear:
1. Buy MTL at any price between 0.00021434 and 0.00021866 (current price 0.00022760)
2. Sell when the price reaches 0.00024000 (▲10.29%)
3. Stop loss when the price downs to 0.00019052 (▼12.44%)
So without the app, you would have to:
1. Place a buy order for 0.00021800
2. Wait until your buy order is filled. You would have to check every few time if your order is filled. The price could change at any moment, when you are at work, while sleeping, etc. If your buy conditions are fulfilled and your buy order is executed you should have to place immediately a sell order and a stop loss order, or you may lost your chance to get the signal.
3. Wait for the sell order to be filled
Configure the signal with Profit Trading bot
With ProfitTrading App you will configure all operations once and the bot will do the work for you checking the prices 24 hours a day and placing the orders at the best moment. Let’s see how simple is to do it:
1a. Write MTL as coin and press ‘+’ button to add an operation. Then select BUY
1b. Write as Trigger Price and Buy Price the entering price from the signal: 0.000218, then enter the units you want to purchase.
2a. Once you have added your BUY operation, let’s add the SELL operation. For that press again the ‘+’ button and select SELL. Place 0.00024 as Trigger Price and Sell Price. Enter the units you want to sell.
2b. Now let’s add the STOP LOSS operation. Once again we take it from our signal, so we place 0.00019 as Trigger Price. We don’t need to set the units to be sold as they will be taken from our SELL operation.
We got it! Just press SAVE and the bot will start checking the coin price and place orders at the best moment. You can check the bot status at anytime.
You can place several bots at the same time with different signals and coins, the possibilities are infinite, this is just one example of a configuration you can do with the app.
You can also edit your bot whenever you want, pause it, get notified when each operation finished and set the bot to restart when it finishes so you can keep getting profits from price repeating cycles.
That’s all, you can go to sleep, go to work or whatever, because you don’t need you worry about checking prices and placing orders, the bot will do it for you so you won’t miss any profit opportunity.
You can check more about ProfitTrading app on our website https://profittradingapp.com. The app is available for Binance, Bittrex, Huobi, Coinbase, Kraken, HitBTC, Poloniex, Bithumb, Cryptopia and Yobit. More exchanges are coming!
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Other related posts:
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- Get notified when an order is filled with ProfitTrading App
- Take advantage of Bitcoin fluctuation to get profits with ProfitTrading App
- ProfitTrading App for Android — How to use Trailing Stop orders
- ProfitTrading App for Android — How to place Split Sell orders
