There’s a product that has been getting LOTS of hype and buzz, which we will be reviewing today. The product is called Gunbot.
In case you don’t know, there are dozens of new Crypto Auto Trading Products launched each month.
And they all promise the world!
But, from our experience of reviewing 100s of products over the years, we can tell you that most of them underdeliver.
So, we have gone out and tested this software.
In our Gunbot Review, we will reveal the truth about the software and if it’s a great product or not worth your time!
If you understand us, you understand that we have a sort of natural hostility towards auto-trading, on account of the numerous frauds tied to this vertical, that we have reviewed for many years. Gunbot is various though. It is an auto crypto trader indeed, but it is a down to earth one. Gunbot does not promise anything that's too good to be real, and whatever about its pitch is as genuine is it can be.
The main Gunbot site, makes it extremely clear that Gunbot does not make forecasts and it does not make decisions on its own. Gunbot merely performs a trading method based upon the settings input by the user, and it does so completely and without emotion. That's all it is truly. An automatic Bitcoin trading service. Gunbot has the capability to perfectly carry out the required strategy 24/7. Its total profitability depends entirely on the settings input into Gunbot by the trader. In this regard, it is like a sort of farming machinery: it simply automates manual labor, doing it better and at much bigger volumes than one would have the ability to manage by hand.
As such, this kind of crypto auto trading can certainly be very rewarding. There's a huge and extremely involved community built up around Gunbot, and there are scores of sources available for quality settings too.
Exactly what does Gunbot do?
As a Bitcoin automatic trader, Gunbot deals with a variety of chosen cryptocurrency exchanges. It currently supports Bittrex, Kraken, Poloniex as well as Cryptopia. There are several Gunbot versions readily available, some of which are command line just, while others come with GUIs. The Cryptopia exchange is just readily available in variations 4.0.1 and above.
When the user incorporates Gunbot with the exchange (s) of his/her choice super easy to do, sets the trading specifications (consisting of the coin-pair) and the technique, the Gunbot Software Application gets to work and starts trading according to those settings. All the user has to do from this point on, is to look at Gunbot every so often, and to possibly modify the settings if he or she stumbles upon something more promising in this regard.
How do you get Gunbot?
The primary item is certainly the Gunbot cryptobot itself. Gunbot can be found in three option-packages, which cost progressively more, and support gradually more markets (exchanges).You can get your copy by visiting here.
The base variation expenses 0.1 BTC and it supports a single exchange, (from the Bittrex, Poloniex, Kraken lot), allowing users to run crypto coin trading on an unlimited variety of coin sets (like BTC/USDT or BTC/ETH).
The 0.2 Bitcoin plan is more or less the very same. It nevertheless grants users access to 2 markets instead of simply one.
The most expensive option costs 0.3 BTC and it lets users trade on all 3 of the above named exchanges. With every one of these purchases, the users are purchasing a life time license for Gunbot.
In addition to the cryptotrader itself, the Gunbot site sells a number of complementary apps too, aimed at making its usage simpler and ideally more lucrative. They have a Gunbot TradingView Addon on sale, together with a Web GUI. There is also a Gunbot live training and support alternative, an Arbitrage Bot and a 5 Config Combination pack offered.
The software can be downloaded straight from the official website, in Windows in addition to Linux and Mac versions. The base version of the Gunbot crypto auto trader seems to be variation 3.3.2 today, though subsequent versions are undoubtedly out and readily available.
Like every proper vehicle trading option out there (consisting of MT4's EAs), this cryptocurrency trading robotic works best with a VPS (Virtual Personal Server). Downtimes and interruptions are completely removed by doing this, and those utilizing such an alternative are actually able to run their Gunbots 24/7, without having to switch on their own computers. A minimum of 4 cores and 4 gigs of RAM are advised for the VPS angle.
The Advantages of Correct Crypto Coin Trading
This cryptobot offers you the ability to make cryptocoin even as you sleep. Above and beyond that though, Gunbot provides you access to:
- A prolific and active community, which presently consists of more than 2,000 users.
- Windows/Linux/Mac compatibility.
- Numerous buy/sell strategies
- Life time license.
- Free trading recommendations from the senior consultants of the operation, offered through the gunthy.org forum.
With this cryptobot, the settings make or break one's success. With the GUI versions, the settings are as easy to use. With the versions that do not support a GUI for whatever reason, users need to access the different config.js files connected with each of the supported coin pairs (an example would be poloniex-BTC_ETH-config. js. All the settings can be tampered with straight in the code, and the file can then be saved. All one needs to do then is to run the cryptobot for the provided set, and then repeat the entire process for a different pair.
What exactly do these settings mean however? The first thing is to add one's API and Secret keys, after which the market can be picked. This is essential: when creating the stated keys at Poloniex, Bittrex or Kraken, you need to make it possible for whatever, with the exception of Deposit and Withdrawal. This is how you ensure no one will be able to steal your coins, however certainly, keeping the secrets a trick is always a good idea too.
The currency set settings and the market settings are obvious. The first one is the base coin and the second one is the altcoin (which can undoubtedly be BTC too, in case of a USDT/BTC setup). You need to have a balance in the base coin.
The strategies supported are Bollinger Bands, Gain, Step Gain and Ping Pong. They can all be used in a pure type (utilizing the very same strategy for BUY and SELL) or they can be mixed up.
Each technique features its own set of specifications that need to be included. For BB for example, we have %Low BB and %High BB. The Balance settings permit the setting of the amount of primary coin to be utilized for each trade and for the setting of a sell-all limit.
Sign settings can be matched too, right to the time-frame. Bot timing establishes the delay in between demands.
Gunbot Evaluation Conclusion
There is no doubt regarding the capabilities of Gunbot, provided the right settings are utilized. The users enjoy it, and there's a remarkable amount of support for users, in the shape of technical tips along with successful settings-packages.
Review Verdict: Gunbot is NOT a rip-off, and an amazing Crypto Auto Trading Tool!
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