Gunbot is one of the best cryptocurrency trading bots that fully enables traders to execute innovative trading strategies in a fully-automated manner. Our piece of write-up or review will guide you into better knowing the Gunbot, its features, and how it works. In simple terms, we’ll explore the features of the popular crypto trading software to provide you with elements of answers that will help you decide whether you should go for this trading bot.
What is Gunbot?
It is an unarguable fact that most traders spend countless hours of their precious time in placing manual orders. Contrarywise, automated bot trading fully and conveniently allows you to trade at all times thereby even making money while you sleep. In simple terms, we can say that Gunbot is an application that makes it easier for traders to make automated trades.
Gunbot is a special cryptocurrency trading bot that can trade Bitcoin (BTC) with any pairs. This premier crypto trading bot makes use of the highs and lows, to decide whether to sell or buy. This popular trading bot was launched back in the year 2016 by Gunther De Niro. The Gunbot cryptocurrency trading system currently supports 10 of the largest global cryptocurrency exchanges, including:
- Coinbase Pro
It is also worth noting here that this platform supports macOS, Windows, and Linux. Another thing worth noting is the fact that Gunbot has a finite number of licenses that will eventually get exhausted at one point in time. That is, the tool will become unavailable for new investors to join and use at some point in time. You might be wondering why the finite number of licenses. This is to prevent an “overcrowded market” and maintain a competitive advantage.
How Gunbot works?
The Gunbot system allows you to add assets for trades through an API key that you receive from your exchange of choice. After this, you’ll need to rightly configure the bot based on your personal trading preferences. To eventually start trading with Gunbot, you can configure your own trading strategies or simply choose from existing trading strategies such as 1000Trades, Step Gain, PingPong, Supergun, and Bollinger Bands. Once you’ve successfully connected your assets and selected your trading preferences, the bot runs automatically.
Gunbot offers precoded strategies for traders who want to go fast. That is, the digital financial application comes with trading strategies already embedded into its system. This is a great feature for beginners who are not verse with automated trading systems. Gunbot offers high customization options to all its users. In addition, the platform offers you multiple options for trading, using Trend Watcher, EMA Love, Candlesticks, and more. It also allows you to test and set parameters that give you the full freedom to try different strategies. All users who are interested in additional features have the option to purchase add-ons.