Due to its superior customer support, Gunbot stands out among the other cryptocurrency bots. You can use the contact form or send an email with your questions to They strive to offer absolutely awesome support without charging more. Their customer service system is responsive and helpful, and it is almost always accessible worldwide for any sort of investment advice. Even the most recent reviews give its customer service a high grade.
I share my knowledge with you for free to help you learn more about the crazy world of forex trading! As the name rightly suggest, this is the ultimate all-in-one Gunbot package. It has all of the features that Gunbot has to offer with no compromises. This includes no maximum number of API slots and access to all exclusive add-ons.
What is the best way to use Gunbot?
Gunbot is honest enough to be upfront about this with a disclaimer about backtesting. Dynamic Trading Terminal – This is where you aggregate all your positions across multiple exchanges on one, manageable platform. From here you can set up conditional trades, leave it running, and go about your daily business.
Here you can find what you need to know for every option and setting. There are video courses and an active user community, so there is plenty of help at hand. If you do have a query, head to the Telegram page frequented by Gunbot experts.
More from Gunbot
This bot encrypts your data using SHA 256 and helps you conduct marketing indexes in fewer efforts. Botcrypto is a free bot trading platform that gives you 24 hours support with a visual editor. One can start by connecting their exchange’s API keys and selecting the preferred trading strategy. Bots help to automate trading so the traders will have time for research, work, business, or anything else they want to spend time on.
How do you backtest an algo trading strategy?
In simple terms, backtesting is carried out by exposing your particular strategy algorithm to a stream of historical financial data, which leads to a set of trading signals. Each trade (which we will mean here to be a 'round-trip' of two signals) will have an associated profit or loss.
This bot executes traders’ buy and sell orders with no manual input but with predefined market conditions. TradeHub is a turnkey crypto trading bot you can start with for free with their 14-day trial. It features countless trading strategies based on three basic principles of DCA, Grid, and Short. Basically, the bot uses traders’ existing buy orders to accumulate more units of the quote currency after prices have moved downwards. So, when a coin price keeps dropping or going sideways at a lower level than the initial order, the bot can keep accumulating profits by continuously buying and selling.
Historically, hodling and weathering the storm has proven to be the most profitable long-term approach. However, people love to try and beat the market, whatever it’s doing. As the crypto DOGE market gains more attention, traders now find it easier to work with bots to enhance their trading strategy. Coinrule has the broadest range of preset trading strategies, making it one of the most popular bots available.
How do you run a backtest?
- Define the strategy parameters.
- Specify which financial market and chart timeframe the strategy will be tested on.
- Begin looking for trades.
- Analyse price charts for entry and exit signals.
- To find gross return, record all trades and tally them up.
When there’s a dip, the bot will buy multiple times 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. As Gunbot strives to be at the forefront of technological innovation, creating a mobile app was a logical extension. With our intuitive mobile app, you can check the performance of your bot and change its settings on the go! You can also use it to trade directly on our very own Gunthy Exchange. Gunbot already automates a lot of tedious tasks straight out of the box.
If you enjoy the service, you can always upgrade your at a discounted rate. In most cases, it is the best option for a feature-complete bot if you’re unsure about which bundle to purchase. All of Gunbot’s spot and futures trading strategies are available to traders. The primary features included in the bundle are Plug & Play and Auto Config. You can trade as many trading pairs as you want at once, such as USD-BTC and BTC-LTC.
- Whether you use one of their many proven templates or create a fully custom bot, 3Commas gives traders the power to profit from any market condition.
- It can run on your local machine, whether that be Windows, macOS, Linux or Raspberry Pi.
- 16 Buy and Sell Strategies – This is somewhere you should spend some time learning about trading theory.
- There are so many features with so many variations that it’s not possible to list them all here.
- We have verified lots of Gunbot reviews and found their customer support is exceptionally good.
Once you’ve decided on your plan and exchange, the procedure is rather straightforward. Choose your login details, verify ownership, launch the software, specify your API keys for the exchanges you wish best crypto trading bots to work on. Choose the trading pairs you want to use, set up your trading strategy using presets or custom parameters, and Gunbot will begin trading around-the-clock using those settings. With this trading bot, various trade features and more consistent results are accessible. According to other Gunbot reviews on different websites, it is perfect when you want to speed up your cryptocurrency trading.
https://www.beaxy.com/ will be able to benefit from many of these market changes as a result. Any coin pair that is offered for trading on your exchange by Gunbot. There is no restriction on how many pairs you can trade at once.
These platforms rely on their reputation so they invest heavily in security. I would trust both of them LTC to manage my portfolio and execute my trades, however, I would never keep life-changing amounts of crypto on an exchange in the first place. The 3Commas Trading Academy has well-structured courses for every level of trader. There are around 5 hours of tutorial videos to support the 4 part course. This takes you from your first steps in trading crypto, through bot trading basics, and onto advanced strategies.
Also, due to its volatility, gunbot tradingviewrs need to ensure that they don’t miss out on important trades. This makes it imperative that they find a way to keep an eye on the market. Since traders cannot react quickly enough to take advantage of the changes in price that will help them achieve optimal trade, they need help.
The Gunbot Backtesting Addon allows you to check your strategy on Tradingview before you go live on the exchange.
— CryptoDROI (@CryptoDroi) February 27, 2021
With the Gunbot TradingView add-on you can execute trading alerts sent from custom strategies at Tradingview, completely managing your strategy at TradingView. Although Gunbot has a wide range of strategy presets that make automated strategies relatively simple to implement, the platform may still be confusing to use for less seasoned traders. Gunbot is user-friendly, easy to set up, and has many different customizable strategies for every type of trader/risk profile. On their marketplace, you can even find free, profitable ‘plug & play’-strategies ready to go.
The backtesting add-on enables backtesting for practically all of the Gunbot-available strategy parameters. Additionally, it may be used to transmit alerts based on Gunbot strategies, which Gunbot will then execute when the TradingView add-on is activated. Tradingview.com, which provides a sophisticated engine to backtest and visualize tested trading performance, is where backtesting is done. Virtually every coin pair that is offered at the exchange has historical data for backtesting available as long as tradingview.com supports the exchange you trade on. When prices decline, Gunbot can automatically acquire quote currency without making any additional investments beyond the initial buy order.