Gunbot Review 2023: Bot Features, Limits & Pricing

So, when a coin price keeps dropping or going sideways at a lower level than the initial order, the bot can keep accumulating profits by continuously buying and selling. When the price rises, it sells the accumulated amount for profit. There’s a close knit community sharing their knowledge, skills, and abilities as well.

• Gunbot supports different operating systems including Windows, Mac, Linux and ARM.
• The overall number of active trading-pair services that can be added in this crypto trading software installation is unlimited.
• In addition, investors can evaluate the performance of cryptocurrencies and trading pairs on the exchanges before deciding to buy or sell.
• The platform allows traders to connect with exchanges using API keys with secrets.
• Users can reach the team via email support tickets to help them navigate the app or solve whatever issue they may have when using the app.

Unless the target group is not serious traders but computer nerds. Although we faced many times disconnections of the license server, which caused non availability of the tool. We are not sure if this is the real reason, at least this is what we are told. Compared to normal software standards the GUI needs to improved. #Gunbot Santa is here – the #GunbotXmas promo starts now Celebrate the holiday season with our exclusive Xmas promo! #GunbotSanta has arrived, bringing with him an opportunity to save on all new licenses.

The Gunbot Shop

Works as advertised, great gunbot guide and ongoing development. Although I would avoid Kraken for now, too many outages when the exchange gets congested , but other exchanges are fine. For a novice like me, it was easy to get setup and running. Found all kinds of support documents and lots of resources to help me with learning. Jeepers 6.7% up on the first day, I should have bought this bot a looong time ago.

Full disclosure, I am writing this review because they give you a discount coupon for future purchases. This can be especially useful for traders who need to be updated on the latest market developments and trade activities. Keep in mind that not all combinations of buy/sell methods are a good match to use together with trailing or certain confirming indicators. When you toggle on the watch mode your GunBot will simulate execute trades and you can see if your strategy is good or not. When the price hits that exact % down from your averaged entry point it will sell at lost. Now that you’ve got editor template installed, it’s time to configure it to fit your needs.

Gunbot Overview

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. That means users can access the platform from any computer because the software is not particularly licensed for any specific device. However, Gunbot is not cloud service based so the application can only function on the user’s computer which means its accessibility is limited. There are many add-ons and extra features that users can benefit from using Gunbot, and backtesting is one of them.

Regular strategies Spot Strategies DescriptionADXThis strategy is based on ADX, enabling Gunbot to buy when prices are moving up and ADX indicates a strong uptrend. Sell orders are placed when prices move down and a strong downtrend is measured.ATRTSThe Average True Range is an indicator that measures volatility. Selling takes places when prices start moving down again, indicated by the spread decreasing again.EmotionlessThe Emotionless strategy is fully tuned and ready to use, even for novice traders!

Gunbot Review

With this plan, switching to a different exchange or API key is simple and cost-free. Additionally, you get access to AutoConfig, a special function that enables you to automate configuration changes such as adding pairings and altering strategy settings. In most cases, it is the best option for a feature-complete bot if you’re unsure about which bundle to purchase.

The DOGE installation was a bit annoying, but awesome gunbot provided good support to make gunbot work. They responded within several hours of my query and successfully solved the issue. Everything You Need to Know About Gunbot Check Out and Learn Everything You Need To Know about it. Everything You Need to Know About Gunbot – new date Check Out and Learn Everything You Need To Know about it.

The ‘Stop after next ‘ option can be useful to pause the bot after the next complete sell order, so you can adjust settings afterwards. Hit the Start Trading button to start executing the trading strategy you’ve just configured. Give it a few seconds to fully load and you’ll see the trading chart appearing.

ATR is used to determine the auto step size; the default is setting is to use a 50-period ATR. Using lower values might cause the step size to swing too fast. Here are a few extra settings you can implement with the step grid strategy. You can choose between two-step size options — Auto and Manual, while the trailing price is fully automatic and takes place on every step, either up or down. The automatic trailing from the SpotGrid strategy family is now available on the Gunbot StepGrid strategy, too, on both buy and sell orders.

On average, trading about 20 pairs starting with .6 btc and bam! I like being able to choose between the buy and sell trading algorithm. From a trading bot perspective, it is about when to enter and exit the market and how to forecast the market for better entries and exits. Another key part is to plan your exit from a bad trade either via stop loss or DCA in the crypto market.

Suppose you want to make https://www.beaxy.com/ in crypto trading in the long run. In that case, your trading strategy must give you an edge because without an advantage, even if you have the best risk management, discipline, and psychology, you’ll still be a losing trader. Gunbot executes trade alerts supplied by tradingview.com because of the TradingView add-on.