Gunbot gives the opportunity to users to automate their trading, that means that it's a lot less time consuming and that profits can be maximized because of the 24/7 trading possibility.
Once Gunbot is running on a pair chosen the trader with the right settings, Gunbot enables to give the user daily profits. It's automated, but that does not mean a regular check is not necessary. The market changes and the pairs fluctuate, that's why it is normal that checking the profits and trying out new strategies and pairs is the best way to see what works better to maximize the profits.
It is known that most automatic trading bots only work with small percentages on multiple trades, taking profit of the small fluctuations of the market. With Gunbot, bigger profits are also possible. Taking a pump is possible using the Trailing Stop - Stop Limit strategie to sell as high as possible. Another possibility that is often appreciated by users is to disable the selling with Gunbot. That way, Gunbot will find the best entry point to buy and the selling remains completely up to the user.
Strategies in Gunbot are used to define the amount, and the moment of buying and/or selling. It is based on price fluctuations or indicators such as Bollinger Bands, RSI's, EMA's, etc. The best part about Gunbot is that it's accessible for any type of trader, whether you are a beginner or an advanced trader. Some strategies only need a trading amount whilst others are highly configurable.
Emotionless and Ichimoku are two strategies that are perfect for beginners. Nothing but the trading limit needs to be configurated. For more advanced traders, users can choose between Bollinger Bands, Gain, Stepgain, Trailing Stop – Stop Limit and Ping Pong. These strategies can be used individually or combined.
These strategies can seem frightening at first to new users, that is why the CryptoDailyTrading team is there to help. If support is needed, click here.
Having a sudden drop after buying crypto happens, even with Gunbot, this is why a trading feature called 'double up' is included in the bot. Double up enables you to buy bigger amounts of crypto when there is a dip below the bought price to get rid of bags by averaging down. Averaging down can use up a lot of balance, make sure you have enough of your base currency available.
When there's a dip, the bot will buy multiple times (a slightly bigger amount every time) and be able to sell with profit under the initial bought price. When the bot needs to buy, the number of buys and the amount are totally configurable.
Gunbot gives the opportunity to the users to trade on the biggest and most popular exchanges such as Binance, Bittrex, Poloniex, Bitfinex, Cryptopia, Cex, Gdax and Kraken. No need to install different software, multiple exchanges can be connected to the same Gunbot too (depending on the license). This allows users to trade on different pairs on different exchanges simultaneously without being restricted.
Another way to make profits when the price is going down is 'Reversal Trading'. The principle is to use the already invested amount of base currency to accumulate more units of the quote currency while prices are moving downwards. When prices eventually rise again, the bigger bag can be sold for profit at a lower price point than without reversal trading.
Double up and reversal trading can be combined, when the double up is out of buys, the reversal trading will be able to take over.
Some traders love using Tradingview to create their own trading strategies or use tradingview scripts, this is possible thanks to the Tradingview-addon. With this add-on you can trade on alerts sent from custom strategies at Tradingview, completely managing your strategy there too. Gunbot receives trade signals by e-mail and trades accordingly.
Margin trading using the TradingView add-on is now supported at Huobi and Bitfinex. Soon Bitmex will be added!
This addon is optional and is not included in the license. An overview of all licenses is available here.
Gunbot is easy to install and user friendly. The only thing needed is a computer that runs on Windows/MacOS/Linux (Raspberry Pi also supported) or a VPS. A VPS is an external computer that allows you to run your bot 24/7 without having to leave a computer on. To purchase a VPS click here