Blog

These can be freely combined, where one is being used for buying and another for selling. Based on our Gunbot review, the platform appears relatively complex. Beginners may have difficulty adapting to the platform initially, but experienced users will become more comfortable with the app over time to get the most out of it. One of the main areas that Gunbot does great in, is user support. They have an abundance of information freely available on the official Gunbot website. You can quickly and easily reach the support team via live chat and email tickets.

The equivalents to this for gunbot strategies trading are called “Long level” and “Short level”. For those that want to try using crypto bots with a free plan, alternatives to Gunbot include Bitsgap and TradeSanta. A computer with 2GB RAM storage, 10GB free disk space, and a 64-bit CPU is required to run the bot. Self-confessed Forex Geek spending my days researching and testing everything forex related.

Custom strategies

The https://www.beaxy.com/ uses the same order triggers as stepGrid does on spot markets but differently. Remember that this strategy works with Stop Loss, so when a stop-loss is used in this setup, it can sometimes lead to lost sell orders. Due to how compounding operates, it is difficult for the bot to combine trades with different limits on the same account.

It enables investors to execute transactions automatically and earn income while dozing off. We have examined a number of cryptocurrency trading bots, and we can claim that Gunbot is among the most thorough and reliable. As we write this Gunbot trading review, the company has 15 distinct automatically executing trading strategies available, and it is constantly striving to expand its selection. If you want to automate your Bitcoin trading, our review of Gunbot can help you decide if it’s the best option for you.

Support

Gunbot has specific trading strategies for SPOT trading and also for MARGIN trading. When you use price action to time your entries and exits, you’ll be faster than someone who relies on indicators. Always make sure to have the short pair before the long trading pair. Long periods of sideways trading are the main enemy of this strategy because there is a risk of accumulating too much around similar prices.

The crypto market is very volatile, the Average True Range is an indicator that measures it. Gunbot uses it to calculate trailing stops and provide buy and sell signals when volatility changes and crosses the trailing stop. ATR reflects the degree of interest or disinterest in a market move. Strong interest moves often come with high volatility, giving the trader good insight into where the market is going. Gunbot will be able to buy when prices are going up and ADX indicates a strong uptrend.

Once you’ve decided on your plan and exchange, the procedure is rather straightforward. Choose your login details, verify ownership, launch the software, specify your API keys for the exchanges you wish best crypto trading bots to work on. Choose the trading pairs you want to use, set up your trading strategy using presets or custom parameters, and Gunbot will begin trading around-the-clock using those settings.

Moreover, they can leverage its video courses from the Gunbot school or talk to the expert members of the growing user community to solve common issues. A self-service option allows users to set up their API keys for trading easily. The Gunbot website and built-in tools can function on multiple computer platforms and operating systems. The app can run on ARM, Windows, mac OS, or Linux-based devices.

Cryptohero

I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! As the name rightly suggest, this is the ultimate all-in-one Gunbot package. It has all of the features that Gunbot has to offer with no compromises. This includes no maximum number of API slots and access to all exclusive add-ons. The add-on can be used in a mixed mode too, where a Gunbot strategy is executed and TradingView alerts are being executed simultaneously.

Botcrypto is a free bot trading platform that gives you 24 hours support with a visual editor. Mizar is the only trading bot that is 100% subscription-free and comes with unlimited use of all features to scale your trading and diversify your portfolio. Mizar is backed by notable investors such as Nexo, KuCoin, Huobi, and WooX. One can start by connecting their exchange’s API keys and selecting the preferred trading strategy. Trading in the crypto market requires that you leave emotions at the door.

Always make sure to parseFloat() inputs where you expect a number, because the GUI saves these as string value. To make the GUI display custom notifications, place one or more notifications in an array of objects in pair ledger. Once shown, the GUI automatically clears out the displayed notifications in pair ledger. If you set any of the following targets to a price, it’s automatically drawn on the chart. Note that every custom strategy will require testing on your side.

• The platform allows traders to connect with exchanges using API keys with secrets.
• Gunbot Robot StatisticsPlease keep in mind that there can be absolutely no guarantee to how these strategies will perform.
• This is a unique platform that has a website, mobile app, and a beautiful user experience.
• When enabled, the price trailing cannot trigger trades at rates lower than the current step size.

This makes it imperative that they find a way to keep an eye on the market. Since traders cannot react quickly enough to take advantage of the changes in price that will help them achieve optimal XRP trade, they need help. Bollinger Bands, and those strategies can be customized and modified by adding trading indicators like RSI, MFI, ADX etc.

All newly added currencies on the exchange are added automatically and available in the bot. Make your crypto investments hassle-free with the united power of AI and automation. A collection of guidelines that specify how Gunbot will trade is a strategy.

The settings for buy and sell are very tight to avoid getting stuck in a position. SG Mutation project was born with the idea of creating a new and improved strategy using Spot Grid strategy as base. The following video shows Gunbot running with one of the v2 SG Mutation variants.

Here are a few extra settings you can implement with the step grid strategy. If you don’t want to run out of money, you have to calculate your TRADING_LIMIT based on your wallet balance and consider the price of bitcoin as if it would have dumped a lot. The new Gunbot V.23 Stable version is out, and a new strategy for you to earn more. Take advantage of this new price action trading method included in all Standard, Pro, or Ultimate Gunbot Editions. Using multiple timeframes, Gunbot can monitor aspects, like trend changes and momentum on different timeframes at the same time.

Use built-in trading methods, candle and indicator data to get started quickly. Gunbot does not offer a free plan which is a major disadvantage to competitor platforms. Therefore, all users must pay a fee before opening an account.

On the fly adjustments can be made, such as enabling or disabling pairs. You can also receive push notifications for each deal that is completed. Additionally, a user can quickly keep track of recent trades and even filter them by pair. There are no limitations on the total number of active pairs that can be included in a ADA Gunbot installation. Users are free to conduct a single pair or even all of the exchange’s commerce pairs. In general, Gunbot can be used with any combination that exchanges offer.

All the system requires to function correctly is written above. If there is any change, this article will reflect the newest info. You can set Buy and Sell “enable” or “disable” in the pair override section, and if you enable “Watch Mode,” the bot won’t buy or sell. There are a few more settings that you can optionally use with this strategy, described below. Gunbot won’t sell if your Quote coin value is lower than your defined amount. The Average True Range is an indicator that measures volatility.

According to our Gunbot review, the platform is better suited for sophisticated investors with a deep understanding of technical analysis and basic coding. This is a downside for beginners that may prefer simpler trading bots. Nevertheless, Gunbot makes up for this with a backtesting account that beginner traders can leverage for a more practical approach before deploying the bot with real funds.

WunderTrading is a crypto automation platform with mirror trading and crypto portfolio management tools. You need to download the app with Gunbot and then configure the bot with the API key that you obtain from the exchange. You’ll then have to customize the bot based on your requirements for trade.