In today’s world, cryptocurrency has become one of the most well-known mediums of trade. Traders are gaining huge profits by trading cryptocurrencies. However, there are some problems faced by traders while performing the trades. Trading-bots help the traders to solve these problems.
The best trading bots are automated trading platforms that help create different trading strategies and implement them on your behalf. Gunbot is one of the most reliable trading bots in the world. Here is a Gunbot review for you.
Since the market remains open throughout the day and night, you may miss out on various vital details as no one can be available 24*7. Another major problem is that the conditions of the market are always changing, so you have to change your strategies according to the trends of the market.
What is Gunbot?
Gunbot is a popular crypto trading platform that was founded in December 2016 by Gunther De Niro. It works based on computer algorithms. The most commonly used trading exchange in this platform is Poloniex. However, it supports many other transactions also.
This bot has been created by using the Rapid Application development method, where the focus is on the users and their inputs. It stores the data locally, which means no one will have access to your data or trading strategies. The interface of Gunbot is impressive. It can be customized according to the needs of the traders.
It is one of the most popular trading platforms in the market. It supports eight of the most popular cryptocurrency exchanges. It comprises of many precoded trading strategies such as ADX, ATR, Ichimoku, BB, etc. However, according to the founders, the BB strategy is the most active trading strategy available on the platform. The traders also have the liberty to combine the strategy according to their wishes.
There are no limitations regarding the trading pairs. It allows traders to trade BTC with any pairs of their choice. It is entirely dependent on the price of Bitcoins. There are many technical tools available on the platform, such as Bollinger Bands, which look into many factors while buying and selling.
The system requirements for running Gunbot are 2GB RAM, 10GB free disk space, and 64 bit CPU. It can be used on any platform such as Windows, Linux, or Mac. You can use it from any device of your choice.
Gunbot is not ideal for beginners. You need to possess some necessary skills to use this software. Some of the skills required to operate Gunbot are basic computer skills, file editing skills, knowledge about market trading, a basic understanding of cryptocurrency trading, the configuration of bots, etc. You are required to configure the software by yourself. Therefore, you should have some experience in making strategies.
Here is a Gunbot review for you to help you know about the different features, advantages, disadvantages, pricing, etc. of Gunbot.
Gunbot Review: Features of Gunbot
Have a look at the Gunbot review to know about the different impressive features of this trading bot.
1. Supports the most popular exchanges
Gunbot can work on multiple exchange services. Some of the well-known exchange services supported by Gunbot are Bittrex, Kraken, Bianance, Cryptopia, and Poloniex. Cryptopia can be used only in versions 4.0 or above.
Another useful feature of Gunbot is that you can trade on multiple exchanges on a single installation. It means there is no need to install the software whenever you choose a different exchange. Furthermore, you will have unlimited access to bots.
It also supports other exchanges like Bitfinex, CEX, Huobi, Ku coin, Coinbase Pro, etc. The premium version of Gunbot will allow you to use unlimited trading pairs and trade with any cryptocurrency of your choice. Some of the popular cryptocurrencies that can be used for trading in Gunbot are Litcoin, Bitcoin, Ethereum, USDT, etc.
2. Precoded strategies
Gunbot offers traders with some of the most active trading strategies. Those strategies are precoded and are backtested. You can use these strategies to buy and sell cryptocurrencies, confirm indicators, trail, DCA, etc.
You can also make your own strategy. There are at least fifteen different trading options present on the platform, which will help you to make your strategies. If you want, you can also combine two or more trading strategies.
3. Easy to use
Cryptocurrency trading bots are introduced to make the trading experience of the traders better. It has a simple interface that is easy to use. There are trading strategies available for you. You can also change the trading strategies as per your choice by altering some parameters. The platform is designed in such a way that the traders will receive the response to their doubts faster.
4. Free software updates
Gunbot offers free software updates at zero cost to the traders. You need to pay only at the time of creating your account. No additional charges are required to be paid in case of upgrades.
The upgrade includes software changes and upgrades to new versions. It is a straightforward task to update or configure the software. You can use a single JSON to perform these functions.
5. Can be operated from any device
Gunbot has been created in such a way that it can be used from any device such as a laptop, desktop, or even a mobile. You can track your trades at any time or any place of your choice.
6. Helps to keep you updated with notifications and charts
This trading platform provides charts that allow you to review the performance of the trading bots. CrytoSight Telegram, a bot present in Gunbot, enables you to check the trades by providing you with detailed statistics. It also provides you with the best notification services that will help you to know about the happenings in the trading market.
7. Add ons
There are several add ons present on Gunbot that makes this trading platform is one of the best in the market. Some of the additional features are lifetime license by paying once, supports several meaningful exchanges, works on Windows, Linux, and Mac comprises an active community of more than 2000 traders.
It also offers Trading View add on that enables you to perform trades based on email alerts, and the backtesting add on will help you to check your strategies without investing in real.
Advantages of Gunbot
Here are some of the benefits of Gunbot.
1) Offers customization
Gunbot provides users with great customization options. There are no limitations on trading pairs. After installing Gunbot, you can use as many trading pairs as you want on the platform. However, trading Bitcoin with LSK, ARK, and BAT is more effective and tradeable.
One of the most critical features of Gunbot is that it is efficient and consistent while trading. It never makes any bad or illogical trades. It works on the principle of buying at lower prices and selling them when the price rises. It analyses the markets based on algorithms and charts, which are very useful. Most of the users get consistent gains while using this trading platform.
3) Freedom to users
The users are allowed to set the parameters according to which they want to trade and can test them. It provides freedom to the users to try their strategies, combine different approaches, or offer a flexible working bot. It is hugely beneficial for beginners.
4) Available trading strategies
One of the problems faced by novice traders is that they cannot make effective trading strategies. However, while using Gunbot, you do not have to create your own plan. There are more than 15 strategies available on the platform. You can use them alone or can combine them to make a custom strategy.
Some of the popular strategies present in the platform are the Average Directional Index (ADX), Average True Range (ATR), EMA Spread, Ichimoku, Gain, Bollinger Bands, Time-series analysis, Step gain, etc.
5) Supports multiple exchanges
It supports several popular exchanges. Some of them are Kraken, Cryptopia, Binance, Huobi, Bitfinex, Bittrex, Bitmex, Poloniex, Coinbase Pro, etc.
It works on all major platforms like Linux, Windows, Mac, etc.
7) Multiple options
This trading platform provides several options to traders like Trend Watcher, BB’s, Candlesticks, etc. It features a highly technical tool that looks into various factors while trading, which makes Gunbot one of the most accurate trading bots.
Disadvantages of Gunbot
Let us have a look at the disadvantages of Gunbot.
Gunbot relies on the price of the cryptocurrencies. Cryptocurrency markets are one of the most volatile markets in the world. The price may rise or fall at any time. Therefore, you can gain profits from Gunbot only when the costs of the Bitcoins are stable and reliable.
2) No USD or USDT
Gunbot does not allow the users to hedge with USDT or USD. However, it is said that the new versions will comprise of this feature.
3) Strong hardware and software requirements
Another major disadvantage of Gunbot is that it requires powerful hardware and software. After installing it, you are required to buy a virtual private server in case you do not want to use it on your personal computer. Your computer requires a minimum of 4GB RAM and a quad-core processor to run this software; otherwise, you can face lags.
4) Low profit
You can gain minimal amounts of profit by using Gunbot since the number of trades done per day is very less.
Can we make money with Gunbot?
Yes, you can make money with Gunbot, but you have to know the different ways of making money through trading platforms. Gunbot is not a suitable trading platform for beginners. It works based on the instructions provided by you. Thus, before starting with Gunbot, you have to learn about cryptocurrency trading.
Another vital advantage of Gunbot is that it has a robust online community of active users. They share strategies and tips, which can be of great help to the beginners. It also provides many precoded strategies for traders to use.
An essential characteristic of Gunbot that will help you to make money is that it is consistent and efficient in terms of trading. It never takes any bad or illogical decisions regarding trading. It buys when the prices are low and sells them when the price rises. Thus, you can entirely rely on Gunbot to make money.
There are six plans available at Gunbot. All of them offer different features. Let us have a look at the ideas and their respective functions.
1. Gunbot Standard
It comes for 0,050 BTC. The features offered in this pack are a one-time payment, lifetime license, lifetime updates, no add-ons, and profit trackers not included. You can use any one platform from Poloniex, Binance, Gdax, Bittrex, etc.
2. Gunbot Pro
The price of this pack is 0,075 BTC. It provides the lifetime license, one-time payment, lifetime updates, license for three exchanges, support via telegram, backtesting add-on, and profit tracker.
3. Gunbot Ultimate
It comes for 0,125 BTC. The plan offers one-time payment, lifetime license, lifetime updates, license for all exchanges, premium support, TradingView add-on, and Backtesting add-on, and Crypto Sight profit tracker.
4. Gunbot Starter
The price of this plan is 0,020 BTC. It offers a one-time payment, Gunbot starter lifetime license, lifetime updates for free, support via Telegram group, emotionless, BBTA, and gain strategies available. You can trade on one exchange at the same time.
5. Premium Support
The price of this plan is 0,025 BTC. It offers one-time payment, personalized support during the first installation and configuration, premium telegram support group access, personalized installation and configuration via TeamViewer, and access to Gunbot’s VIP zone.
6. Gunbot Settings Pack
It comes for 0,035 BTC. It provides one-time payment, “Golden Bands” and “The Hybrid” strategies for Gunbot, minimal sales, original, aggressive and conservative versions included, and six premade settings in total.
Gunbot Review – Conclusion
Gunbot has an excellent reputation as a crypto trading platform because of its consistency in trading. Though this platform is not suitable for beginners, it offers a vast number of features that make trading a lot easier for the traders. Go through this Gunbot review before buying a plan here.