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Cryptocurrencies have become a preferred asset for traders across the world. As a new asset in the market, software developers have moved quickly to create and develop solutions and products to improve trading efficiency and success.
The three main target area for improvement in this new asset is volatility, emotional trading, and operation time. The cryptocurrency market is extremely volatile. Trading bots provides an all-in-one solution. The bots work automatically and find trading opportunities. These bots also send trading signals to the investor. They can implement manually. However, not all that is called trading bot is effective. Among the effective and most popular bots is Gunbot.
An emotionless crypto trading bot that allows you to trade your preferred cryptocurrencies on a variety of exchanges.
Gunbot developers had a determination of making a crypto trading bot that would be user-friendly. Better still; the project was to have advanced trading features to suit the hectic market demands. As a result, this bot came out to be beneficial to both the beginners and the veterans.
This software uses many individual strategies that you can customize to suit your trading preferences. Also, the software works on a choice of exchanges such as Binance, Bittrex, Kraken, Bitmex, and GDAX.
You also need to select your trading pairs and then let the algorithm conduct the trade. You can either select an algorithm to use from a list of strategies or backtest yours. The latter option calls for an experienced trader.
However, if you are a new user, there is an abundance of tried and tested strategies that is available for you from the platform.
Gunbot Wiki contains documentation explaining all the parameters of the bot. The user interface is also intuitive. There are also a large number of parameters one can tune to configure the bot as per their preference. Such a degree of freedom and control is useful to the user.
However, as a beginner, there is a lot to learn. Beginners need to make an effort to research before they begin to understand the strategies. Beginners also need to understand how parameters influence factors such as the number of trades per day.
More examples of strategies and an explanation of how users can tune the parameters to affect the strategy may be helpful to beginners. Those who need help may interact with customer support through the telegram.
Gunbot integrates with the supported exchanges API. The exchanges generate API keys that give the bots restricted access to the user's account.
The bots can only execute trade but cannot withdraw funds. This makes the user's money safe. Besides, this project has a team of highly qualified developers and support that help in managing the bot.
Gunbot team ensures that the bot is safe from cyber-attack. According to the developers, every new piece of code is run through a network of dedicated testers. Any community member can join the team by simply joining Gunbot’s beta channel.
CryptoDROIMay 1, 2020 at 9:24 am
Gunbot is the Ultimate “crypto trading bot” giving you the ability to customize every config, it comes with pre-made configs and also has a Marketplace with Free ready to go configurations, plus the ability to upgrade anytime using the Gunthy Token system and take advantage of bitRage or Market Makers bot, also have autoconfig setups for any market either Spot, Margin or Futures… I can go for hours talking about Gunbot Features but let me just leave you with the smartest benefit: One Time Payment!
ACB AdminFebruary 27, 2020 at 11:32 am
One of the oldest trading bots in the crypto market. Some users may not like the fact that they have to own Gunthy token to sign up and trade with the bot. However, it offers a variety of tools and solutions for traders to build their success.