The platform allows users to combine any method into a custom trading strategy. For example, traders can configure the bot to create a buy order according to the lower Bollinger Band and sell them according to the trailing stop/stop-loss method. The Gunbot platform also offers specifics of their pricing plans, and to trade, you can select from six different types of licenses. This can also be good for larger traders who want to spread their orders out, and reduce the chance they will influence the market price of a token noticeably. Whilst these options can be used for some interesting trading strategies, not every imaginable scenario can be handled with the pre-set options. First you would generate your RSI data, once for a 10 period and once for a 20 period RSI.
What is the most successful trading strategy?
Scalping is one of the most popular strategies. It involves selling almost immediately after a trade becomes profitable. The price target is whatever figure means that you'll make money on the trade.
Monitor Trades – to easily view all trading actions and filter by pairs. Gunbot Robot StatisticsPlease keep in mind that there can be absolutely no guarantee to how these strategies will perform. There are always significant risks involved with trading online. The Ethereum Merge and ETH Triple Halving are the hottest topics in the crypto community. In case you wanted to create your own Tradingview indicators, try these Pine Script learning resources.
As a price action trader, price is king, and everything else is secondary. As ATR does not provide information about price direction, it is strongly recommended to use an additional momentum indicator like RSI. A sell order is placed when the bid price crosses under ATR short and price is above the break-even point. Like every other strategy, this can be combined with other indicators. The whatstrat object is a merged object of all parameters in a Gunbot strategy and pair overrides, where pair overrides always take precedence over strategy values.
The Gunbot software offers you tested crypto trading strategies based on well-known trading indicators, so you don’t have to worry or be an expert technical analyst.
— CryptoDROI (@CryptoDroi) November 8, 2021
gunbot strategies 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 short pair is only there to collect data and visualize trades.
Our Review of Gunbot – Quick Verdict
gunbot strategies went through a lot of iterations, almost all features are the way they are because this is what power users want from a trading bot. Double up, commonly known as dollar cost averaging or DCA, is a Gunbot technique for automatically averaging down assets. This enables traders to achieve a lower average price per unit as prices decline, resulting in a lower potential exit price that is lucrative.
For the majority of order types, price trailing can be utilized to determine the best entry and exit locations. For instance, let’s say you’ve established a purchase strategy that calls for buying when prices reach the lower Bollinger band. 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.
What is the best way to use Gunbot?
Unlike the stock https://www.beaxy.com/, which closes during the weekends, the crypto market never sleeps. We may earn affiliate commissions from buying links on this site. When autocomplete results are available use up and down arrows to review and enter to select. Linux and ARM and it has a web-based interface although it can be run from command line. First, go to the Trading Settings page and select the new strategy.
You can configure your own step size or let Gunbot choose for you. Gunbot will trade every meaningful price movement, taking advantage of small steps upward to sell parts of a bag that are profitable compared to their corresponding orders. Just like other grid strategies, there are only a handful of configurable options. Gunbot delivers on its promises as a community-made crypto trading bot, however, there are certain limitations that will deter beginners in particular. Worthy alternatives that include in-built automatic trading bots with a simpler user experience include Pionex, KuCoin X, and Coinrule. Gunbot’s DCA crypto bot automatically averages the price of an asset when its price drops after a buy order.
Gunbot will open a long position when the price is below komu and tankan crosses down the candle body. Once the same happens again at a price at least ‘DCA spread’ below the previous order, a DCA order is placed . To close a trade, the opposite condition of opening must happen, and the ROE scalper must finish trailing.
The bot handles setting up the connection to the exchange, gathering information, and providing trading strategies. You are allowed to make an infinite number of unique tactics and even incorporate NPM modules into your own programs. There are no restrictions on the number of trading pairs or the number of execution times for a particular strategy. Gunbot seems to be a legit automated crypto trading bot that gives users access to pre-made trading strategies to maximize profits.
Gunbot strategy presets in 2023 part 1: fast and balanced grid trading
Its a more conservative very safe strategy and was backtested on 21 days with a profitability of 100%. This is a out of the box Gunbot TSSL margin strategy for XBT-USD perpetual contract on Kraken Futures. You can email the site owner to let them know you were blocked. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.
The overall number of active trading-pair services that can be added in this crypto trading software installation is unlimited. When it encounters a sell step below the average entry price , it will execute a trade on the short side. Spotgrid essentially wants to be in a position at all times, averaging down when prices fall and profiting when prices exceed break-even.
While you concentrate on how to ADA maximize your market profit, let Gunbot handle the tedious work. Gunbot’s inventive methods, quickness, incredible versatility, and fantastic user community set it apart from other bots. Unlike cloud service, you need to install crypto software on your machine. Gunbot supports crypto trading on a variety of platforms, including Windows platform, mac OS, Linux, and ARM-based platform devices.
- For example, traders can configure the bot to create a buy order according to the lower Bollinger Band and sell them according to the trailing stop/stop-loss method.
- They can track gains and obtain profit/loss information for all of your trading pairings with a Telegram profile.
- You are allowed to make an infinite number of unique tactics and even incorporate NPM modules into your own programs.
- The „grid” strategies come with their own built-in protections, these are generally not configurable.
- When using moving averages there is usually a trade-off between lag and smoothness.
- Typically, traders will download a code from the developer of a bot after discovering the bot that will be useful to them.
It is a state-of-the-art graphical user interface that you can use to build your trading bot’s logic by simple drag-and-drop indicators and strategies. With this tool, you can backtest ideas and new trading strategies, monitor and manage custom trades, and use a trading view or the manual system to send signals directly. The bots run in the cloud over the secure enterprise network that removes the necessity of downloading and installing the platform.
Again, feel free to check the Gunbot wiki if you have any doubts. The bot will continue to accumulate until it reaches the “Max Buy Count” or when it runs out of available funds. Calculate your Trading Limit so you never run out of money, or your bot gets stuck because you got useless bags. Copyright © 2017 CryptoDailyTrading Inc. – Authorized Gunbot Reseller. The upper limit, called ATR long, is calculated by adding the result of ATRX to next rounds ask. The lower limit, called ATR short, is calculated by substracting the result of ATRX from next rounds bid.
While conducting research for this Gunbot review, we discovered that this trading software operates flawlessly on all devices regardless of platform. This crypto software also features a pleasing user interface that is not just ideal for novice traders but also for experienced traders. With this strategy, Gunbot trades when the price moves more than a defined step size.