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GunBot Review: Automate Your Cryptocurrency Trades
GunBot is a popular crypto trading bot that allows you to perform automated trading of a large selection of pairs across the cryptocurrency market. You can create your own trading strategies or use any of the premade ones included with the trading software. There is a great community of traders that are constantly testing crypto trading strategies and sharing them with their fellow GunBot users. Unlike many other trading bots, GunBot is software you have to install and set up, rather than a cloud service that you can connect to through your browser. If you are looking to automate your cryptocurrency trades, our GunBot review will help you decide if it is right for you.
- Advanced trading bot for experienced traders
- Support for over 100 different cryptocurrency exchanges
- Available through various resellers
- Many different Gunbot packages on offer
- You can purchase Gunbot with Bitcoin
Gunbot Pros & Cons
Pros
123 available exchanges
Lifetime license
Windows, Mac and Linux Support
Great community support
Extremely customizable
Cons
Only available on desktop
For more experienced traders
How Gunbot Pricing Works
GunBot is an interesting crypto trading bot in terms of pricing because it is not sold directly through the company, but rather it is sold through resellers. Each reseller charges the same prices, which are in crypto (BTC, LTC, ETH, or DASH) but each offers different quality in terms of customer service and support. That being said, there are many different plans and add-ons available for GunBot:
GunBot Standard (0.05 BTC)
- Lifetime license for GunBot
- Lifetime updates for free
- Trade on 1 exchange
- Crypto Sight Profit Tracker
- No add-ons
GunBot Pro (0.075 BTC)
- Everything included in Standard
- Trade on 3 exchanges at the same time
- Gunbot Backtesting add-on
GunBot Ultimate (0.125 BTC)
- Everything included in Pro
- Trade on 5 exchanges at the same time
- Premium Support
- TradingView Add-on
GunBot Settings Pack (0.035 BTC)
- “Golden Bands” and “The Hybrid” strategies
- Original, aggressive and conservative versions included
- 6 premade settings total
Backtesting Add-on for GunBot (0.013 BTC)
- Lifetime backtesting license
- Simulate how GunBot settings perform for any exchange, pair, or period
TradingView Add-on for GunBot (0.05 BTC)
- TradingView lifetime license
- Copy trading strategies from Tradingview.com
Diamond Pack (0.1 BTC)
- Everything included in Pro
- GunBot Setting Pack
- Premium Support
It should be noted that GunBot is only selling a limited number of licenses for the software in order to prevent an overcrowded market of users executing the same trading strategies. This may give the software a competitive advantage over other services over time.
Available Exchanges
GunBot offers the most compatibility with cryptocurrency exchanges of any trading bot we have reviewed thus far, with an incredible 123 supported cryptocurrency markets. Below we will list the major exchanges supported by GunBot, but you can click here if you would like to see the entire list of supported exchanges:
Using GunBot
Once you have picked you plan and your exchange(s) of choice it is a somewhat straightforward process. Install the software and launch it, choose you log in details and set up your API keys for the exchanges which you want GunBot to operate on. Set up your trading strategy by either choosing a preset or customizing parameters to your liking and pick the trading pairs which you want to trade and then GunBot will begin to trade to those specifications 24/7. GunBot has a number of trading features to take advantage of.
Gunbot Features
Strategies
Strategies in GunBot are sets of rules that define how it trades. The main components are buy and sell methods, which define when the bot is allowed to place orders. There are 15 strategy presets which are ready to use after making minimal changes like configuring how much it is allowed to spend. You can create an unlimited number of custom strategies.
Buy & Sell Methods
GunBot offers 15 different methods for executing orders and all methods can be combined in a custom strategy, for example, you can setup GunBot to purchase an asset at a percentage from the lower Bollinger Band, and sell that asset with a trailing stop/stop-loss method. Here are the available methods:
- Average Directional Index (ADX
- Average True Range (ATR) Trailing Stop
- Bollinger Bands – percentage distance from bands
- Bollinger Bands – crossover
- EMA spread
- Emotionless
- Gain
- Ichimoku
- MACD
- MACDH
- PingPong
- Stepgain
- SMA cross
- Time series analysis
- Trailing stop / stop limit
Confirming Indicators
To refine your trading strategy, you can configure confirming indicators that restrict your buy/sell method to trading only when certain indicators are within a range you configure.
Additional Trailing
Additional trailing can be used for most types of orders, allowing for reaching optimal entry- or exit points. This can help prevent buying an asset too soon or selling too early.
Dollar-Cost Averaging (DCA)
DCA Double Up is a GunBot method for automatically averaging down assets. This allows you to reach a lower average price per unit when prices move down, making for a lower possible profitable exit price.
Reversal Trading
GunBot can automatically accumulate quote currency when prices move down, without investing more than the initial buy order. This feature is called reversal trading and can help bring down the break-even point for your investment.
Balance Options
You can set per pair limits for the amount of base currency to invest per trade. The trading limit can be set as an absolute amount, or as a percentage of the available base currency. When selling, you can choose to sell all quote currency, or keep a number of quote units. GunBot can be set to ignore small holdings below the exchange minimum trade size. A funds reserve feature is available to keep an absolute amount of base currency reserved at all times and, optionally, you can automatically withdraw profits made in BTC.
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