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As soon as the price reaches the bottom band, a purchase order is placed without further trailing. When prices are trailing, Gunbot tracks their downward movement and only buys when the trailing stop is reached and the price is still at or below the lower Bollinger Band. Gunbot can be used to sell trailing items for items that you personally purchased. Regular buy orders, Regular sell orders, DCA buy orders are few Order types that permit additional trailing.

• The last step is to choose the coins that you want Gunbot to trade on and the strategy that will be used to each commerce pair.
• 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.
• The triggers for trades are slightly different than in the same strategy for regular trading.SMA crossSMA cross strategy for Margin trading.
• When prices are trailing, Gunbot tracks their downward movement and only buys when the trailing stop is reached and the price is still at or below the lower Bollinger Band.

When using Reversal Trading on Gunbot, the bot keeps on trading profitably when an asset’s price reduces after it has been purchased. Screenshot of the Gunbot trading platform with bots active. I ordered a bunch of GPUs and I can’t wait to get my miner together. With Gunbot, there are no restrictions on customizing your trading strategies and rules.

Configure a Trading Strategy

If you are looking to automate your cryptocurrency trades, our GunBot review will help you decide if it is right for you. The triggers for trades are slightly different than in the same strategy for regular trading.Bollinger BandsBollinger Bands strategy for Margin trading. The triggers for trades are slightly different than in the same strategy for regular trading.Bollinger Bands Bollinger Bands TA strategy for Margin trading. The triggers for trades are slightly different than in the same strategy for regular trading.EMA spreadEMAspread strategy for Margin trading. And do so with an absolute minimum number of settings.GainGAIN strategy for Margin trading. The triggers for trades are slightly different than in the same strategy for regular trading.IchimokuIchimoku strategy for Margin trading.

Gunbot’s one-off fees are denominated in Bitcoin, which may not be suitable for everyone and will fluctuate with the rise and fall of the Bitcoin price. It should be noted that most exchanges connected to Gunbot will charge trading fees. However, some exchanges on Gunbot don’t require an API key to be registered.

Excellent customer support

While Gunbot doesn’t charge a subscription fee or recurring costs, users will have to pay a one-time license fee. Once you get a handle on the settings, it works very well. The author and the community fully support the product and new features are added constantly. Gunbot offers a wide range of customization options that allow traders to adjust their trading strategies according to their specific needs. Note that trading behavior might become unpredictable in shallow volume markets. To keep the trading behavior in check, use the “force step size” option using the stepGrid strategy.

• Although, since the platform installed a client on the users’ PC, it does not have access to users’ funds or information.
• That is, it is not a cloud-service so personal information is not transmitted over the Internet.
• But if the pair has never traded before, the reference price for the steps is the pair’s price when you started running the strategy.
• However, Gunbot is not cloud service based so the application can only function on the user’s computer which means its accessibility is limited.
• This allows traders to tailor their bot to their specific needs and preferences, giving them the freedom to choose the best strategies for their portfolio.
• This means that you can take advantage of market fluctuations across different exchanges, without having to constantly switch between different trading platforms.

Assuming a trend reversal usually takes place close to the https://www.beaxy.com/tom of a price movement, this allows you to buy shortly after a price bottomed. Similarly, selling takes place when an uptrend turns into a downtrend.SpotgridA grid like strategy with dynamic trading targets and integrated trailing for both buying and selling. The idea of this strategy is to always be in a position, use market orders only, average down when prices goes down, take profit when price exceeds break even. And do so with an absolute minimum number of settings.Spotgrid AdvancedA grid like strategy with dynamic trading targets and integrated trailing for both buying and selling.

Below break even, each order is 1x the “Trading Limit” in size. Unlike most other Gunbot strategies, this strategy has only a few options and doesn’t use confirmation indicators. The step grid method behaves this way because it only needs to confirm that the price has moved in a particular direction. The StepGrid strategy capitalizes on the predictability of the crypto markets, following the price range only without any other trading indicator. You only need to enter your API key and secret to link Gunbot to your exchange account. The API secret is only kept on your machine for security purposes.

One or more trading pairs may be assigned different strategies. There are a ton of free trading strategy presets included with Gunbot that can be used right away with just a few little adjustments, such as setting the limit on how much it can spend. An infinite number of unique strategies can be developed.

Buy & Sell Methods

gunbot guide 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. 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. Gunbot is an ideal platform for crypto traders that want to automate aspects of their trading using built-in algorithms and bots. The platform integrates with 100+ exchanges, including industry giants like Binance and Coinbase Pro.

When you use price action to time your entries and exits, you’ll be faster than someone who relies on indicators. The same principle works on basically any situation the step Grid can encounter. It fires an order in the direction that is either profitable or will not incur a loss by firing the order. The included AutoConfig jobs must handle all pairs on the exchange. The bot will continue to accumulate until it reaches the “Max Buy Count” or when it runs out of available funds.

For both novice and experienced traders, Gunbot with lifetime licenses is the top crypto trading bot. Due to its superior customer support, Gunbot stands out among the other cryptocurrency bots. You can use the contact form or send an email with your questions to They strive to offer absolutely awesome support without charging more. Their customer service system is responsive and helpful, and it is almost always accessible worldwide for any sort of investment advice. Even the most recent reviews give its customer service a high grade.

Gunbot Interface & User Experience

Due to the platform’s complexities, it’s more suitable for experienced traders. When prices decline, Gunbot can automatically acquire quote currency without making any additional investments beyond the initial buy order. Reversal trading is a characteristic that can assist in lowering the investment’s break-even point. This cycle may continue if prices decline further or even when the cryptocurrency markets turn sideways following a decline.

Gunbot provides 20 various ways to execute orders, and you can combine any of them to create unique trading strategies. For instance, you could configure Gunbot to buy an asset at a percentage from the lower Bollinger Band and sell it using the trailing stop/stop-loss method. There are no limitations on the total number of active pairs that can be included in a Gunbot installation.

Gunbot can be configured to overlook “dust,” or small holdings below the exchange’s minimum free trade size. To reserve a fixed amount of base money at all times, use the funds reserve feature. A collection of guidelines that specify how Gunbot will trade is a strategy. A single trading style can be used for all crypto pair systems. Different trading approaches can be used with various pairs. Buy and sell methods, which specify when the bot is permitted to place orders, are the essential elements of a strategy.

It is normally advised to select pairs whose price fluctuations regularly range by 2% or more. Gunbot will be able to benefit from many of these market changes as a result. Any coin pair that is offered for trading on your exchange by Gunbot. You may trade BTC-ETH, USDT-BTC, or ETH-XMR, for instance. There is no restriction on how many pairs you can trade at once. Gunbot’s DCA crypto bot automatically averages the price of an asset when its price drops after a buy order.

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. For example, the bot can buy $250 worth of bitcoin every time the price drops $500 in value and sell $250 worth of bitcoin every time the price rises $500 in value. Price action trading is about understanding the imbalance between buying and selling pressure so you can identify trading opportunities and make a profit.

There are many features of Gunbot that we will explore in this review, which include pre-made bots, trading signals, and market analysis. A strategy in Gunbot is a collection of settings that can be assigned to one or more trading pairs. These pairs will then trade according to the assigned settings. The most important factors of a strategy are the buy and sell methods, these define the logic for buy and sell LINK orders.

All of Gunbot’s spot and futures trading strategies are available to traders. The primary features included in the bundle are Plug & Play and Auto Config. You can trade as many trading pairs as you want at once, such as USD-BTC and BTC-LTC. Basically, the bot uses traders’ existing buy orders to accumulate more units of the quote currency after prices have moved downwards.

This is almost a mandatory feature that should be offered on all crypto bot platforms. Gunbot’s backtesting mode will benefit users to test the bot’s profitability before using it on the real market. Moreover, there is even a crypto simulator account with virtual funds.