Gunbot Review

Since the crypto-mania hit the mainstream in 2017 and the value of all major cryptocurrencies skyrocketed, Bitcoin, Ethereum, and other altcoins became a separate asset class and attracted many international-type players. In addition, automated trading software, such as we will discuss in this Gunbot review, has been popular among algorithmic traders for years, especially in currency markets.

It allows investors to place trades on autopilot and make money while they sleep. Such software uses special algorithms that generate signals to automatically place to BUY and SELL orders for an asset they are trading.

Such trading robots connect to the trading venue (which could be a broker or an exchange) via API, read market prices, apply technical analysis and other algorithms, decide when to place trades, and send order signals to the venue. By now, you must have heard a lot about various automated crypto trading systems, many of which turn out to be a scam.

At EthereumTrading.pro, we aim to provide independent and comprehensive reviews for all the best crypto trading robots available on the market today. Read this GunBot review to learn the pros and cons of investing in cryptos with this automated trading software.

GunBot Review

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How does GunBot work?

So, GunBot is an automated crypto trading system that The Crypto Bot company developed. With GunBot, you can connect to major crypto exchanges such as Binance, Bittrex, Coinbase, Poloniex, Coinmama, EXMO, Huobi, KuCoin, Bitfinex, Cryptopia, Kraken, CEX.io and buy Bitcoin, Ethereum, Litecoin, Ripple, Cardano, Dogecoin and all other major altcoins available on those exchanges.

GunBot Review

Gunbot Crypto Robot

★ Automated Trading
★ User-friendly crypto bot
★ Works on all popular Exchanges
★ Powerful Add-ons

Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.

Users can generate BUY/SELL signals and execute them manually. Still, the main advantage of using a crypto robot is that you can put trading on autopilot and make money 24/7, even while you sleep. This is because the Crypto Bot’s trading algorithms are designed to provide signals to buy low and sell high, and numerous trading strategies are built-in.

Such trading strategies are Bollinger Bands, Gain, Step Gain, PingPong, 1000Trades and Supergun, to name but a few.

There are currently 15 trading strategies available on GunBot, and The Crypto Bot company plans to add new strategies soon. When investing in cryptocurrencies, users can choose which strategy they want to use or mix things up and select one strategy for buying signals and another for selling signals.

GunBot Review

Obviously, it is difficult to say which strategy will work best with each cryptocurrency in different market conditions. Therefore, investors are encouraged to try various options and combinations to see which one works best for the selected cryptocurrency, particular exchange, and specific market conditions.

How to install GunBot Software

The CryptoBot GunBot is sold as licenced software for a one-off payment, which means you are not signing up for a regular payment plan which can be costly and complicated. GunBot also has various add-ons and additional licenses for specific exchanges. It is also important to note that GunBot has a finite number of licenses which means at some point, they will run out and won’t be available to new investors.

That is done to maintain a competitive advantage of the GunBot trading software as if too many investors will be using the same buy and sell signals. They might not work. This is called an “overcrowded market” in the investment world.

So, limiting the number of licenses and introducing new algorithms (also limited ones) ensures that all users of the GunBot trading robot maintain their competitive edge and advantage.

GunBot Review

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The installation process is straightforward, and detailed video tutorials are available. All you have to do is download and unzip the latest version of the software, launch the Gunthy-GUI and go to http://localhost:5000.

Next, you generate login details and passwords, configure settings and add API to connect to specific crypto exchanges. Then you go to Setup Tab and edit settings, go to Dashboard, load the Setup and click the Start button. That’s it, you are ready and start trading.

GunBot Review – Trading Settings

When you launch a GunBot, there will be several different settings that you can edit. Below are examples of key settings that you need to check before starting to trade

Currency Pair – you need to enter a symbol for the currency pair (ETH-USD) you wish to trade.

Margin to Sell – if altcoin’s price increases by a certain % point, then GunBot is instructed to sell automatically. You will need to input that percentage.

Margin to Buy – GunBot is instructed to buy when the price of an altcoin decreases by a certain percentage.

Security Margin – sell all your cryptocurrency balances if their value goes down in value by XX% after you bought it.

GunBot Review

Max Latest Prices – a number of the latest prices to analyze when deciding if altcoin’s price is growing and falling. For example, GunBot can monitor the last 200 prices and the last 200 variations in the price of ETH/BTC.

Time Delay Price is used to verify margin price if the trade is frozen and you have to input it in seconds. Just be aware that you can be banned from exchanges if this number is below 20.

Minimum Volume: Minimum trading volume over the last 24 hours required to determine if it’s a good enough liquid cryptocurrency to trade.

EMA1/EMA2 Period – two main indicators of the GunBot algorithm to set the number of trades per day.

GunBot Review

Candlesticks Period – you can set candlestick periods to 5, 15, 30, 60, or whatever you choose.

Trading Style – you can choose aggressive or moderate trading styles, which means more or fewer trades per day.

Once all these settings have been confirmed, you have to click the “Start GunBot” button to begin to trade.

GunBot Review – Costs & Pricing

When writing this GunBot review, the software is available on Windows, Linux and Mac platforms. It also has different types of licenses, which are as follows.

GunBot LITE Version – it has certain limitations compared to the standard license. For example, you can use only one trading strategy. It does not contain CryptoSight add-ons and can be used only with one exchange. It is recommended only to absolute beginners, which will allow you to get a feel of the Crypto Bot before deciding on the full license. The cost of the GunBot LITE is 0.0200 Bitcoins.

GunBot Review

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GuBot License is the most popular one and has 3 different editions. The Standard license will allow you to trade on one market only. The Pro edition will allow trading on 3 markets. With the Ultimate version, you can invest in cryptocurrencies on all 10 supported cryptocurrency exchanges.

Investors will also have access to 15 different trading strategies, detailed descriptions of which can be found on The Crypto Bot website. It also has an extensive list of available features. We strongly encourage you to check the website for further details as there is no way we can cover all the functionality in this GunBot review.

Main GunBot license will cost between 0.0500 and 0.1500 Bitcoins, and you may need to pay extra for some additional add-ons. Also, given the current price of Bitcoin, we think such prices for the GunBot are an absolute bargain!

GunBot Software Pros and Cons

We have reviewed several trading robots for cryptocurrencies and can say that GunBot is one of the most comprehensive and solid. It has 15 different trading strategies, and the company constantly working on adding new strategies to its offering. In addition, you can invest in cryptocurrency on the 10 largest cryptocurrency exchanges.

Unlike many CFD brokers, you will actually own the underlying assets (where you only make bets on markets going up or down). In addition, GunBot has an extensive list of features and add-ons such as Crypto Sight Bot, Tradeview and Backtesting.

The Crypto Bot GunBot has a solid support team, a dedicated Telegram channel, and a large library of educational resources on setting up and starting trading with GunBot. From the research we conducted for this GunBot review, investors reported that they could make an average of 3-5% in daily profits, which comes to an average of 60% Return on Investment (ROI) per month.

Obviously, any investment includes risks, and a monthly 30% ROI is achievable when there is no market crash or massive cryptocurrency sell-off.

We were absolutely impressed by GunBot automated trading software quality, and the only potential drawdown is that it can be a bit complicated for some people. If you want to invest in crypto with GunBot, you need to have reasonably good computer skills and understand the basics of trading strategies.

In addition, some basic programming skills might also be helpful if you want to use the GunBot to its fullest. That said, it is not difficult to learn all those things, and there are numerous video tutorials and a library full of educational resources.

So with a bit of patience, every crypto investor can learn how to use GunBot pretty fast. And we think it is worth an effort if you would like to make a consistent profit from investing in cryptocurrencies  24/7. Another potential (but minor) hurdle is that GunBot is priced in Bitcoin, so you will need to buy Bitcoin and pay for The Crypto Bot with your Bitcoin wallet before buying it.

GunBot Review – Our Verdict

When conducting this GunBot review, we spoke to several crypto investors who use GunBot, and the feedback, in general, was positive. GunBot has great community and support and is currently used by more than 4000 active cryptocurrency traders.

You get a lifetime license and access to 10 major crypto exchanges and most cryptocurrencies for a one-time payment. In addition, you can customize your trading parameters and run the software from Windows, Linux or Mac computers.

GunBot also has multiple trading strategies, and with some patience and experimentations, you can find out which ones work best for you. So the fact that you may need to spend some time learning how to install the software, connect it to exchanges and start trading should not really put you off.

At the end of the day, this is a high quality automated crypto trading software for cryptocurrencies that allows you to make a profit when you sleep!

Best Crypto Trading Robot for Beginners

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Risk Warning
The trading of Bitcoins, alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.

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Gunbot Crypto Robot

Over 100% Returns

★ Automated Trading
★ User-friendly crypto bot
★ Works on all popular Exchanges
★ Powerful Add-ons