Posts

Can a Gunbot really generate money?

Purchasing Bitcoin years ago has led many people into a better financial situation than they expected. People getting into the cryptocurrency ecosystem now are also hoping for the same parabolic growth, but not everyone has disposable income to consistently invest into their cryptocurrencies, so most people try their hands at trading.

The main complaint people about actively trading is that there is a learning curve, and it’s also time consuming. This is when the question of “Can a crypto trading bot really generate money” appears. Thankfully, the answer is and has been, yes. Automated trading can trade 24 hours a day, making you money while you sleep, and it can also monitor market conditions that fluctuate in ways that you might not notice.

Table of Contents 
1.Step One – HODLing can backfire
2.Step Two – Day trading is expensive
3.Step Three – Emotional attachment can lead to losses
4.Step Four – Scalp trading with a trading bot
5.Step Five – Learning to trade through a trading bot

Gunthy Token Giveaway!

We are very excited to offer all Gunbot license owners a chance to enter our Gunthy Token giveaway.

To enter, simply click on the link below and be sure you follow the rules of the giveaway.
https://thecryptobot.com/gunthy-token-giveaway/
The most important Giveaway Rules are:

Only Gunbot owners can enter the token giveaway (based on the registered Gunthy Wallet address)
Get more GUNTHY tokens by completing the tasks below. Every 5 points will get you 100 GUNTHY tokens.
A Gunbot owner can only participate once in the token giveaway.
The Gunthy tokens are only delivered to registered Gunthy Wallets (only to registered Gunbot owners)




Gunbot & Kraken Futures Competition 2020

Image
Gunbot and Kraken Celebrate 'Futures Trading Integration' with a $10000 Competition!

Kraken Futures is excited to announce a new integration with Gunbot, one of the oldest and most trusted algorithmic trading platforms in the cryptocurrency industry.

Targeted at both professional and amateur traders, software applications such as Gunbot democratize access to precise and sophisticated trading strategies. Kraken has a long-standing relationship with Gunbot, as our spot exchange integrated its technology in 2016.

Starting today, Gunbot clients will be able to send orders directly to Kraken Futures to buy and sell contracts denominated in XBT, ETH, LTC, XRP, and BCH.

Read the full story on Kraken's Blog:
https://blog.kraken.com/post/3787/kraken-gunbot-celebrate-futures-trading-integration-with-10000-competition/



How to participate in the Gunbot - Kraken Futures Competition

Download the latest Gunbot version from Github
https://github.com/GuntharDeNiro/BTCT/releases/tag/1675kf
Edit your…

Find out what's new in Gunbot ver.16

What's new in the latest Gunbot version 16?
Here's a list of the most important changes introduced in the latest Gunbot version 16.

Gunbot v16 adds several new features and fixes known issues.



Gunbot first time installation video - Windows

https://www.youtube.com/watch?v=8C95RscgbXo



Gunbot Github Downloads
https://github.com/GuntharDeNiro/BTCT/releases

Gunbot Wiki - Quick Start Guide
https://wiki.gunthy.org/setup-and-general-settings/installation



Upgrading
There are no config changes for v16. In case you are upgrading from v15, replacing only the executable file (gunthy-win.exe / gunthy-linux / gunthy-macos / gunthy-arm) is all that's needed to upgrade.
In case you are upgrading from v14, use the instructions below.
Download the update and unpack it to a new folder, copy the config.js and gunbotgui.db files from your previous installation into the new folder to keep your settings.




Make sure to set TRADING_FEES for each exchange, in the exchange section (it changed from being a strategy…

Gunbot v14 has been released - What's New

Changes in the Gunbot version 14 release



Improved ROE calculation for Bitmex: values now closely match the leveraged ROE values on Bitmex itself. If you're unsure what value to use in Gunbot, refer to the examples on the margin strategy pages for ROE.




TradingView alerts on Bitmex Testnet: email alerts can now also be used on Testnet.




Close entire positions on Bitmex using alerts: enable TV_CLOSE_ALL to close an entire position when a close alert arrives, instead of closing the amount specified in trading limit settings.




SL_DISABLE_SELL : Disabled the sell side after a short position hit STOP_LIMIT.

Infographic: How to chose trading coin-pairs for Gunbot

Image
Here are 5 steps for choosing trading coin-pairs.

1.) TOP VOLUME TRADED COIN-PAIRS FIRST
The traded coin-pairs selected for trading must first have activity and a large traded volume at your exchange.

2.) UP-TREND COIN-PAIRS
Save time and capital by only going for coin-pairs that are in an Up-Trend / Bullish market.
Otherwise, prepare with Risk-Management strategies like a Stop-Loss or a DCA strategy to eliminate part of the losses from a Down-Trend market.

3.) CHECK THE COINS HISTORY AND REPUTATION
Do some research before trading a specific coin. Due diligence is important, with a lot of exit-scams lurking around.

4.) "CHART" THE COIN-PAIR WITH TRADGINVIEW.COM
Get down to Technical Analysis! Use a Price Charting tool like TradingView to plot, estimate, back-test and optimize your trading strategy before starting trading.

5.) LOOK-OUT FOR PUMPS-AND-DUMPS
Regularly check your trading coin-pairs for out-off place market movements, like high spikes in price in very short periods of times.…

Gunbot version 13 has been released !

Good news Gunbot owners ! Gunbot version 13 has been released .

Get the latest Gunbot version download at Github
https://github.com/GuntharDeNiro/BTCT/releases

Gunbot first time installation video - Windows :
https://www.youtube.com/watch?v=dnEgqrvtsns

Gunbot Wiki - Quick Start Guide
https://thecryptobot.com/gunbot-wiki/



[embed]https://www.youtube.com/watch?v=dnEgqrvtsns[/embed]



What's new in Gunbot v.13 ?
Gunbot v13 focuses on bugfixes and improving user experience. That's why this time there is no long list of new features, just a long list of improvements.



New exchanges: Gunbot now supports trading on Idaxand Cobinhood. Please note that Cobinhood only has an API key, not an API secret - use an IP restriction for your key for added security.




Restrict buying with SMACROSS : you can now restrict SMACROSS to only place a single buy order, instead of buying on every cross up. Set SINGLE_BUY true to only allow a single buy order.




Improved privacy for Cryptosight: restrict who is allowed to v…