So, today, you would probably be aware of how the cryptocurrency abundances trade in the crypto-market with artificially intelligent trading bots. On first thought, you would probably say that’s nothing more than just an everyday conspiracy theory! But the fact is that it is one hundred percent true. Big players in the market do trade with trading bots. Their unusual purchase history and orders can backtrack that. In this Gunbot review, we pour in all you need to know of the popular trading bot. Not necessarily the same bot being used by these big whales in the trade, but it is surely one real powerful altcoin/bitcoin trading bot that can get you an autopilot passive income with endless configurable options.
What is Gunbot?
Gunbot is a crypto trading bot that uses an artificially intelligent algorithm to aid in your cryptocurrency trades. It functions on multiple trading exchanges, including the Poloniex trading exchange. The first version of Gunbot, created by Gunther De Niro, was launched in December 2016. Today, Gunbot is widely used as one of the best cryptocurrency trading bots that supports the top 8 cryptocurrency exchanges. It performs trading strategies such as Ping-Pong, TSSL, Ichimoku on a certain trading exchange. Gunbot makes use of multiple APIs to draw data from the cryptocurrency you use.
The bot is created on the RAD(Rapid Application Development) method, meaning that it is more focused on inputs from the user end. The developers lay claim that the major release updates are kept two months ahead, with regular performance updates and bug fixes regularly in between. The codes behind the bot are test-driven by a network of beta testers, and anyone part of the Gunbot community can become a part of the beta testing program. 6000 traders also track Gunbot for performance.
The bot will perform exactly as you choose it to, and can trade Bitcoin with any pairs. The algorithm behind basically understands the highs and lows to sell or buy cryptocurrency. On your end, you need to connect to your currency exchange’s API, set up a strategy to trade, choose your trade pairs, and let Gunbot’s algorithms do the rest. The strategy to trade can also be found pre-defined in the bot algorithms if you are a beginner, or you can configure it backtest yourself if you are experienced in crypto-trading.
Some may argue that even manual trading is equally capable, why spend money on the bot? BUT, consider the fact that the bot also comes with machine intelligence to consider various market factors and make the best prediction for a safe bet. Gunbot regularly assesses your profits to engage in safe trades. And using the bot, you can trade 24/7, even when you’re asleep, which is not possible in manual trading.
Gunbot Review: Features of Gunbot
Here are the main highlights of using Gunbot to prove its excellence.
1) Supports most popular exchanges
Gunbot can be used across most of the top cryptocurrency exchanges inclusive of Kraken, Cryptopia, Binance, Bittrex, and Poloniex. The Cryptopia exchange is only supported on versions higher or the same as v4.0 of Gunbot. Some of the other exchanges Gunbot can run simultaneously on are Bitfinex, Bittrex, CEX, Coinbase Pro, Huobi, and Ku Coin. You can place trades using any of Bitcoin, Ethereum, Litecoin, USDT, and many other cryptocurrencies.
2) Ease of use
Most of the common trading bots require a lot of manual effort. Adding to the effort, everything from starting the bot to making it functional can get a lot more tiring. Gunbot automates the entire process to great levels. You can choose from any of the multiple other precoded trading strategies or configure your own trading style according to your choice by simply modifying certain configuration parameters. The entire trading process gets lag-free and easy to use the bot to earn profits.
3) Precoded strategies
Name your trade strategy, and Gunbot shall do it for you. Whether you want to make multiple trades with a fixed profit margin or wish to use a specific brand strategy or say you want to carry out faster trade rates, everything is covered in here. Gunbot comes inbuilt with multiple trade strategies to make the entire trading process hassle-free. You can also opt for aggressive, risky trades to conservative and moderate trades, or say a combination of two or more of these predefined trading strategies.
Gunbot comes with amazing new add-ons that can improve your entire trading strategy dramatically. For example, the Crypto Slight add-n lets you track your latest profits so that you can act on your future trades accordingly. The TradingView is an add-on provided by TradingView.com that provides Gunbot with sell and buy alerts from traders and potential traders.
Some of the additional features provided by Gunbot are:
- You can set an unlimited number of trading pairs
- Allows to create an unlimited number of bot instances
- The latest update supports a fast and responsive interface
- Supports trading reversal: a system in crypto trading to accumulate during bear markets with a minimal investment equal to the initial buy order
- Option to receive trade notifications on Telegram
Gunbot Review: Advantages
The advantages of using Gunbot that make it the top pick among other trading bots are:
1) One-time investment
Yes, to use Gunbot, you only need to pay a one-time cost, and you get guaranteed lifetime updates. Many other reputable bots need you to opt for a monthly. So, if you are doubtful about trying out this bot for a lifetime, it is the most cost-effective solution.
2) No third party involvement
Gunbot is installed locally on your computer with support for all major OS, Windows, Mac, or Linux. And since the bot runs on a local instance, you don’t need to worry about trusting any other third party with your precious cryptocurrency.
3) Offers Customization
Gunbot offers customized to greater levels. You can choose multiple trade pairs and test them for consistency in performance. Of all pairs, Gunbot specializes in trading Bitcoin with LSK, ARK, and BAT; as the most effective trade pairs.
Gunbot is highly efficient in its prediction and trade decisions. You’ll never find it making illogical decisions and following a consistent trade routinely. Buying low and selling high. The algorithms running behind can be accredited with the efficiency and in-depth market analysis. You can rest assured of consistent profits.
5) Highly configurable
You also get the option to test and configure your own set of parameters according to your sell or buy decisions, quantities, and volume, set risk or loss margins, etc. It allows you the freedom to try upon multiple strategies or a combination of more, thus making Gunbot a highly flexible trading bot.
6) Multiple options
Gunbot also offers you numerous other features to watch your trade bets, like the Trend Watcher, Candlesticks, EMA Love, and BB’s. The trade also accounts for multiple other market factors in automated trades, which makes the results with Gunbot more profitable and consistent.
Gunbot Review: Disadvantages
Gunbot runs on dependent parameters like the latest cryptocurrency pricing. And as is the known fact, the cryptocurrency market is highly volatile. Gunbot can only place effective trades and make profits when the price of Bitcoin is stable and robust.
2) Low Profit
The profits per trade can be as low as 0.1 or 0.2 BTC making only 0.001 or 0.003. So you can make only 7 trades in BTC on a day with 30 pairs. So, it is arguable whether to hold on and watch them for appreciation in value or sell on the same day?
Since the bot runs on your local computer, it requires hardware to download and run it. In comparison to similar others like Algo SIgnals, you need better system configuration and memory to run Gunbot.
Can you Really Make Money With Gunbot?
Jumping to the big question, can we actually make profitable money with Gunbot? To be honest, every new technology and automation aims at making human lives easier, so that you need to put in the minimal possible effort, or rather no effort at all. The internet is a vast ocean of knowledge and opportunities for you to learn new technology, and become aware of your environment. And that where the difference, every automation is useful only when you know to use it best for your purpose. Similarly, trading bots can be profitable, but only when you know how to make use of it both efficiently and optimally.
To be honest, Gunbot is not for absolute beginners, not for people without the basic knowledge about crypto trading, and its working with the use of trade bots. However, if you are willing to put in the extra time and effort to learn the skill set required, you can make a lot of money with Gunbot. There are way more reasons why and how you can make a lot more money, simply by using it right.
Gunboat is backed by a big supportive community, with the common goal to pocket in maximum decent money. With over 2000 active users, Gunbot provides lots of tips and strategies to onboard new users. Remember, there isn’t only one single way to win; different strategies can help you equally good. You can learn the tips and strategies used by these 2000 active users. Gunbot on itself has numerous hardcoded strategies that make it one of the strongest trading bots. You can pick up on trading pairs or set filters according to the volume.
When compared to multiple other bots available in the market with unreliable developers, Gunbot is a great experience with quick bug fixes and an excellent customer care service. Not only is Gunbot stable and consistent, but you can also make it do things according to your instructions. You just need to be familiar with its working. Even if you find some bug in it, you can report it, and the team will make sure that the next release fixes it. You won’t find a similar experience with any other trading bot. So yes, with a good understanding of crypto trading, you can pocket-in a lot of money with Gunbot.
Gunbot Reviews – Conclusion
We live in a world of automation. And if we want to stay profitable with our cryptocurrency trades, it becomes important to learn and adopt the latest technology. It not only helps relieve extra efforts but also eliminates the chances of human errors.
Trading bots can be the best servants to our crypto trades but needs the best mastery in sync with it. From this detailed review, you would have understood that Gunbot is totally legitimate and not a scam! It is genuinely best at what it does. With a solid development core and 2000+ growing community of supporters and testers happy with the bot efficiency, it is worth a try. You can rely on the technical advice and signals it provides, and yes, it can provide the best market analysis and predictions.
If you are a newbie into crypto trading, it would be best to first have the know-how of the trade process before trying out the bot. Nevertheless, the bot provides some tested strategies that will get you accustomed as a beginner and pocket you constant gains. As an advanced user, you can improve your manual trading efficiency by going with Gunbot.
One big question often argued is whether the bot is suitable for long term gains. Well, the bot is dependent on Bitcoin pricing, and we all know how volatile it can be. So, for investors and traders looking for short term profits, the bot is totally worth it. But, for long term trades, it might not be a good choice.
Summing up, as is the role of AI, Gunbot can make your trading ventures smooth and flawless to implement with its well- programmed software. However, you need to have a good understanding of its use and the input parameters to make a strong decision on how the bot shall place trades on your behalf for a successful experience.