On this particular occasion, we propose to carry out a new analysis of Gunbot crypto trading bot. We have previously analyzed Gunbot in this article. Why a new review then? Well, the first analysis was performed over a year ago. At that time, we were just starting to try the bot, and it was too early to draw definitive conclusions. While it is true that in previous articles we updated the readers with our feelings, progress and results, many things have changed since then, and we already have some background and experience to provide an informed opinion.
WHAT IS GUNBOT?
Gunbot is a software that allows us to automate cryptocurrency trading. It currently works on the following exchanges: Binance, Kraken, Poloniex, Bittrex, Coinbase Pro, Cryptopia, Bitfinex, Kukoin, and Cex.io.
WHAT TRADING STRATEGIES CAN GUNBOT EXECUTE?
Gunbot can execute well-known trading strategies such as Bollinger Bands, Ichimoku, Emotionless, etc. It can also execute some of the pre-configured strategies with its default configuration. If you wish, you may also customize the trading style to your likings. Besides, a more aggressive or more conservative trading can also be conducted; a stop-loss, a minimum gain % for each trade, as well as a lot of advanced trading indicators such as MFI, RSI, Stoch, RSI Stoch, MACD, etc. can also be added.
HOW MUCH MONEY CAN I EARN WITH GUNBOT?
This is a very common question, and at the same time rather vague. What do I mean by this? What would you say if someone asks you how much money can you make with manual trading? Obviously, it all depends on the trading strategy you use. There are traders who earn real fortunes while others lose money. Gunbot is a tool that allows you to automate trading strategies. Mainly, the result you obtain, regardless of whether you use manual trading or a bot, depends on the trading strategy you apply.
In addition to the trading strategy used, the coins you want to trade with are also of great importance.
RESULTS AND PERSONAL EXPERIENCES
In my previous analysis on Gunbot performance, I posted comments with my results and perspectives. As a summary, in a context of a bull market, I have managed to generate up to 50 % profit in a week. On the other hand, when there is a bear market, based on past experience, it is better to use a conservative configuration, assuming that fewer operations will be done, and that they will be very selective and will only be executed when very specific conditions are met. From my viewpoint, for non-advanced users, the most prudent thing to do is to stop trading when market conditions are adverse, and wait until they get back to normal.
HOW TO BUY GUNBOT?
Gunbot can be bought from the official resellers. Bot developers are totally focused on programming and constantly improving the software. As a consequence, bot sale and support are offered by resellers. I became a reseller myself after the first months of getting very good results using Gunbot. I have always been interested in earning money using bots. Initially I had the idea of trying Gunbot, just as I had tried other bots, and after seeing the positive results and that many people asked for my advice, I decided to become a reseller. You can buy the bot on my website: https://gunbot.shop
I have been asked: “What is the difference between buying a bot from one reseller or another?” As regards price, there is no difference, since the bot price is set by the bot developer. The difference comes from the support service that we provide. We are the only official reseller that offers private Telegram support group and access to VIP zone where we share settings for Gunbot. Given the large community we have now, I had to hire more trained employees in order to provide the support required. The objective is to help and guide on how to install the software with a customer service available 24/7.
By buying the bot from Gunbot.shop, you have access to my Telegram support team and we can help you install and set up the bot. If you have any concerns, queries or questions about the software, you can leave a comment in this same article or contact me directly by one of the following means:
Email: [email protected]
WHAT TYPES OF LICENSE DOES GUNBOT HAVE?
The most remarkable aspect is that the Gunbot license does not expire. That means that you will get updates, improvements and new versions for free forever. Currently, as of September 7, 2018, the main license types are the following:
– Gunbot Standard: This license allows you to run Gunbot on one of the exchanges supported by the bot, that is, you can choose from one of the following: Binance, Bittrex, Poloniex, Kraken, Kukoin, Coinbase Pro, Cryptopia, Bitfinex, and Cex.io. The cost is of 0.071 bitcoins.
– Gunbot Pro: This license allows you to run Gunbot on 3 exchanges. The cost is of 0.095 bitcoins.
– Gunbot Ultimate: This license allows you to execute Gunbot on the 9 supported exchanges. It also includes TradingView add-on. We will talk about this later on. The cost is of 0.165 bitcoins.
WHICH ARE THE LATEST NEWS ON GUNBOT?
More than a year and two months have passed since we conducted the first analysis. The most relevant changes are the following:
- A year ago, the latest version was v3. Nowadays, it is v10, a version that includes many more trading strategies, improvements, new features, and trading indicators, among others.
- At the beginning, the only bot developer was an Italian called Gunthar de Niro. Now, the team of developers consists of more than 10 people from different countries.
- Said team of developers, constantly works on the implementation of improvements and new functionalities for the new versions.
- The bot now has a user-friendly and easy to use graphical interface.
- The premium license, Gunbot Ultimate, includes TradingView add-on. This is a very interesting add-on, that allows you to execute trading alerts sent from traders from tradingview.com, 24/7 on autopilot. Trading signals are sent by e-mail. This means that, supposedly, you should remain glued to your computer to execute the signals. Thanks to this add-on, Gunbot will check for buy and sell signals in your email every 2 seconds. So, you may well be sleeping or just enjoying away from your computer, and Gunbot will execute the trading signals on your behalf.
- Now all licenses include Crypto Sight. This application allows you to track your gains / losses of each currency separately, as well as the global results for any period of time.
ADVANTAGES AND DISADVANTAGES OF GUNBOT
Let’s analyze the pros and cons of using Gunbot:
+ It allows to automate trading strategies and free yourself from being fixed to your computer monitor all day long.
+ It includes a variety of trading strategies that can be executed on autopilot.
+ The most advanced traders can fully customize their trading strategy, using a lot of trading indicators, stop loss, dynamic stop loss, minimum percentage of profit for each operation and much more.
+ It combines ease of use with very advanced features and high customization capacity, so that, using the graphical interface, any user can easily put Gunbot to trade with one of its default settings.
+ Gunbot is backed by a large community of users from all over the world.
– As it always happens when robots are involved, emotional intelligence becomes a weakness. In other words, the software makes a perfect analysis at a technical level. Nonetheless, as I usually state “bots do not read the newspapers to find out the latest news and updates”. Indeed, the weak point is clear: any news with a profound impact, will undoubtedly affect the market. Needless to say, the bot will not include the emotional impact of the news in its strategy.
FINAL CONSIDERATIONS. IS GUNBOT RELIABLE? OR IS IT A SCAM?
Indeed, Gunbot is not a scam. This software was launched in December 2016, almost 2 years ago. It has a large community of thousands of users, and a programming and design team behind. I know first-hand, for being part of the beta tester team, that all its employees work every day without rest to launch better and more efficient versions.
It is also worth emphasizing that it is important to keep realistic expectations of what Gunbot really is. It is not a magic wand that prints bills automatically, but a tool that allows you to automate trading strategies. The outcome will obviously depend on how you adjust your strategy, the coins you add, the market trends, etc.
In short, Gunbot is an excellent tool that, if properly used, allows to automate advanced trading strategies, and therefore generate profit by eliminating the downside of trading: being glued to the monitor for long hours monitoring the market.