Gunbot is a cryptocurrency trading bot that enables traders to execute trading strategies in a fully-automated fashion. In this Gunbot review, we will explore the features of the popular crypto trading software to help you decide whether this trading bot is right for you.
What is Gunbot?
Most traders spend countless hours placing manual orders. Conversely, automated bot trading allows you to trade at all times and even make money while you sleep. Gunbot is an application that makes it easier for traders to make automated trades.
Gunbot is a cryptocurrency trading bot that can trade BTC with any pairs. It uses the highs and lows, to decide whether to sell or buy. The popular trading bot launched in 2016 by creator, Gunther De Niro.
It currently supports ten of the biggest global cryptocurrency exchanges, including:
The platform supports Windows, macOS, and Linux. In addition, Gunbot has a finite number of licenses that will get exhausted, making the tool unavailable to new investors. The finite number of licenses is to prevent an ‘overcrowded market” and maintain a competitive advantage.
How Gunbot Works
Gunbot allows you to add assets for trades through an API key you receive from your exchange of choice. You will then need to configure the bot based on your trading preferences.
To start trading, you can configure your own trading strategies or choose from existing trading strategies like Step Gain, PingPong, 1000Trades, Supergun, and Bollinger Bands.
After successfully connecting your assets and selecting your trading preferences, the bot runs automatically.
The video above provides a step-by-step guide on how Gunbot works and how you can get started with trading.
Gunbot offers precoded strategies for traders. That is to say, the application comes with trading strategies already embedded. This feature is very useful for beginners who are not used to automated trading. It allows them to try out various strategies combined or alone.
What’s more, Gunbot offers high customisation options. The platform offers you multiple options for trading, using EMA Love, Trend Watcher, Candlesticks, and more. Furthermore, the app allows you to test and set parameters that give you the freedom to try out different strategies.
Users interested in additional features can also purchase add ons. For instance, the Crypto Slight add on allows you to track your profits while the TradingView add-on aids Gunbot to execute selling and buying alerts from traders from TradingView .
In addition, Gunbot has an easy-to-use and intuitive user interface. The platform makes it easy to track your assets and to control trading preferences.
Due to the volatile nature of trading, active support for such applications is very necessary. According to the site, Gunbot.shop provides every user with a personalised support assistant. According to the platform’s site, Gunbot offers personalized 1 on 1 support, including remote support via Teamviewer.
Gunbot is a paid application that comes with different packages. The highest-priced package costs 0.125 BTC and the lowest costs 0.02 BTC.
The Starter package has limitations compared to the standard license. For example, you can use only one trading strategy and the pack does not include the CryptoSight add-on. This package suits absolute beginners who want to try out automated trading. The GunBot Starter package costs 0.02 BTC.
For more experienced traders, Gunbot offers more high-level options. The standard license will allow you to trade on one market only. The pro edition will allow you to trade on three markets while the ultimate version has no limits. These higher-level GunBot licenses will cost you between 0.050 to 0.125 BTC.
Gunbot offers all the bells and whistles that you would expect from a crypto trading bot. It offers an excellent user experience and a suite of tools need to develop and execute automated trading strategies. Whether you are a beginner or an experienced trader, you could use Gunbot to help you execute your trading strategies.
To find out more about Gunbot, click here .
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