GunBot Review: Is this trading bot for everyone?

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GunBot, a popular crypto trading bot, lets you automate trading for a variety of cryptocurrency pairs. You can either create your own trading strategy or choose from one of the templates provided by the software. GunBot users are part of a large community who share their crypto trading strategies. GunBot is a software program that must be installed and set up, unlike other trading robots. GunBot is not available as a web service that you can access from your browser. GunBot reviews will help you decide if GunBot is right for you.

What’s GunBot?

GunBot, a cryptocurrency trading platform that utilizes a computer algorithm to assist in your cryptocurrency trades, is called GunBot. It can be used on Poloniex and similar trading platforms. Gunther De Niro developed the original version in December 2016.

 

It supports eight of the most popular cryptocurrency exchanges. You can also use it to run on a specific exchange in order to execute trading strategies like Ichimoku, Ping-Pong and TSSL.

 

GunBot can pull data from any cryptocurrency using APIs. Many popular exchanges provide API exchanges that allow you to access trading services via a third-party application.

 

GunBot is a simple cryptocurrency trading bot that can trade BTC as well as any other pairs. It uses the highs, lows and midpoints to decide whether to sell or buy. The tool uses Bollinger bands and other technical tools that can be customized. GunBot allows you to trade actively, so that you can have more Bitcoins than your wallet has.

 

The bot’s primary goal is to trade cryptocurrency on your behalf using the correct platform and taking into consideration all market factors. It will make an intelligent prediction for you. This could be used to buy or sell cryptocurrency at a specific price point. GunBot constantly makes profits and trades, without you ever having to do anything.

Top Recommended Platforms

MIN. DEPOSIT

$250

EXCL. OFFER

USER RATING

9.8

4.9/5

MIN. DEPOSIT

$50

EXCL. OFFER

USER RATING

9.7

4.8/5

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 78% of retail investor accounts lose money when trading CFDs from this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MIN. DEPOSIT

$250

EXCL. OFFER

USER RATING

9.3

4.5/5

CFDs are complex instruments and involve a high risk of losing money quickly because of the leverage effect. 65.3% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

Many people believe manual trading is less efficient than using a bot. This is false. Trading bots offer many benefits over manual trading. GunBot is able to operate 24 hours a day, even when you are asleep. This is in contrast to manual trading, which is difficult for humans.

GunBot Pricing

GunBot is a unique cryptocurrency trading bot. It is not sold directly by the company, but rather through resellers. All resellers offer the same price for crypto (ETH, LTC and DASH), but each one offers different customer service and support. You can also add on to your plan.

GunBot Standard (0.05 BTC)

  • Lifetime license
  • Unlimited lifetime updates
  • Trade on 1 Exchange
  • Crypto Sight Profit Tracker
  • There are no add-ons

GunBot Pro (0.075 BTC)

  • All included in the Standard
  • Trade simultaneously on three exchanges
  • Gunbot Backtesting add-on

GunBot Ultimate (0.125 BTC)

  • Everything is included in Pro
  • Trade simultaneously on five exchanges
  • Premium Support
  • TradingView Add-on
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GunBot Setup Pack (0.035 BTC)

  • Strategies for “The Hybrid” and “Golden Bands”
  • Available in original, conservative and aggressive versions
  • Total 6 premade settings

Backtesting Add-on (0.013 BTC)

  • Lifetime backtesting license
  • It is possible to simulate GunBot settings for any pair, period, exchange, or time.

TradingView Addon (0,05 BTC)

  • TradingView lifetime license
  • Tradingview.com provides copy trading strategies

Diamond Pack (0.1 bitcoin)

  • Everything is included in Pro
  • GunBot Setting Pack
  • Premium Support

 

GunBot sells very few licenses of the software in order to avoid saturation of the market with traders using the same strategies. This could allow GunBot to compete with other services long-term.

Settings

GunBot offers many indicators and features. This extensive offering is available to everyone, regardless of skill level. It took a lot of effort. The exception is the beginner. It’s difficult luck for newcomers.

 

An example is a fully-automated dynamic grid trading robot. It requires inputs like the maximum buy order and trade amount.

 

This is their latest bot. There are many presets. This trading bot claims that it has over 150 parameters that can be customized for each strategy. This is not clear as to how it fits in with the hardcoded limit on certain exchanges.

 

Traders with excellent trading skills will be able to use multiple trailing options and narrow indicators.

 

Although this doesn’t necessarily translate into much for most people, it is nice to have options even when you don’t use them very often.

 

It can adjust parameters automatically for bots based on additional codes, scripts, or bots. 

 

This is however more work and requires more knowledge. We wish you all the best if you decide to take on this task.

Is GunBot easy to use?

Simplicity-complexity opposites require balancing to make a bot profitable and accessible.

 

GunBot claims it can be used by both experienced day traders and beginners looking to trade cryptocurrency. It doesn’t always work as expected, however, as you can see.

See also  BinBot Pro Review: Is It A Scam?

 

It has a simple interface but it is difficult to use.

 

Cloud-based technology is not the best option. Manual setup is necessary and the operating system should be on at all times. This can be a problem for casual traders. When it comes to adding features to bots, things quickly spiral out of control.

 

A few pre-configs are sufficient, but most bots require advanced coding skills and trading expertise to properly set up and adjust for profit.

 

For beginners, anything less than the basics can be dangerous.

 

GunBot is a new tool, so be sure to review the tutorials and guides.

Pros & Cons

Pros Cons
123 available exchanges Only available for desktop
Lifetime license For traders with more experience
Windows, Mac, and Linux Support
Amazing community support
It is extremely customizable

Supported exchanges

GunBot supports around 11 cryptocurrency exchanges including:

 

 

It is fair to let you know that not all exchanges support the bot. These details are important before you start trading with a bot.

 

Let’s take, for instance:

 

  • Spot trading can only be done with KuCoin, Bittrex, and Binance.
  • BitMEX and BitMEX Testnet cannot be used for margin trading.
  • Spot Margin can be accessed with TradingView alerts from Bitfinex, Kraken, Huobi Global, and Poloniex.

Conclusion

Are GunBot blanks or heavy ammo? The truth is somewhere in the middle.

 

Although it does contain a lot of useful information, the requirements for anyone with even a minimal level of crypto trading experience are too high. It also has a bizarre pricing structure that discourages many users.

 

It almost appears to be trying to discourage casual to mid-level users.

 

Other comprehensive bots offer many useful features, and much more.

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