What is Gunbot? Gunbot is an Emotionless Crypto Trading Bot, Simply put, Gunbot helps you automate a trading strategy.
But what is a bot exactly? A bot or a robot is a computer algorithm or a software program, that follows a set of rules and execute flawlessly when the said rule or setting is met.
Just like a web bot a social bot or a chatbot, to name a few, it will perform tasks that are simple (or more complex) and repetitive, much faster than a person could.
Timing and accomplishing a high level of precision in your trading is particularly required for trading. If you were to trade manually, you will have to tirelessly and closely follow the price charts, and even then, you may not execute the order at the right time whereas the bot can be effortlessly programmed to monitor the market movements and fire a trade at the exact time with a high degree of reliability.
WARNING: DON’T EVEN THINK OF BUYING GUNBOT UNTIL YOU READ THIS.
Gunbot is NOT Artificial Intelligence (A.I) so, it will “ONLY” obey your command, it doesn't think for you.
You will have to think, in this case, think about what strategy you want to use, and what cryptocurrency pair you want to trade.
Gunbot is Not a Financial or Robot Advisor either.
Gunbot is the Ultimate Crypto Trading Automation Bot with multiple indicators, built-in customizable strategies, even with a Marketplace to download profitable tested strategies, but Automation does not mean completely hands-off, You still need to take care of the basics of trading and do your due diligence.
This is a crypto trading bot, a tool to help you trade, so there are no promises of unimaginable returns, and no magic indicators or signals only the best strategy automation software money can buy for a one time fee, and with the freedom of running it in your own computer or VPS.
Let me give you a simple example, you want to BUY a certain coin when it's price drops 0.5%, fine, set that in Gunbot and it will place a buy order in your selected exchange when that condition is TRUE for the coin of your choice.
Want to sell with a 2% gain? Just preset that in your bot for a chosen pair or pairs, then the bot will place a Sell Order when you're at 2% profit.
But what if I enter the trade, and the price keeps dropping?
Well, you also have to have a Money Management plan in place before you even enter a trade, so ask yourself. What would I do in that case?
With Gunbot you can preset: Stop Loss, Dollar-Cost Average or Reversal Trading, basically, you need to make a decision, “prior” the situation arrives, so either Cut your losses early and move on, average the bought price by buying more, cheaper but using more capital or sell what you got cheap and buy -more- cheaper using the same coin, not investing new capital in this case with the RT strategy.
As I stated before, the bot doesn't think, so, for example, if you decided to use Dolar-Cost average to average down the bought price, you have to be aware that, if the price keeps going down, chances are that you will dry your balance, is up to you based on your trading style, and risk tolerance to use this feature accordingly.
To mitigate the risk, in that case, I would recommend you to just use DCA in an uptrend and to confirm that you can “zoom-out” and check them daily, or weekly charts with a trend indicator like Moving Average or Parabolic SAR, on the chosen pair/s to make sure you're in the right path before commanding the bot to take that action.
And there's more, What if the price keeps going up, and you want to take advantage of that and cash out on a pump making 5% instead of 2%? You can do that too, with the “trailing” strategy or the choice of “trail-me” for any other strategy.
In other words, trailing with Gunbot allows you to enter at a more low price that you set in the main strategy and to sell with higher profits while locking in profits while trailing ranges move up with the price, this is purely based on following the price movement, for BUY, it will check the “ask price” while for SELL it will look at “bid price” on the exchange.
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