Gunbot Review 2020: Most Comprehensive Review

The popularity of cryptocurrencies has been actively rising nowadays. People are adopting new ways of investment and transferring money, disrupting all types of markets. Blockchain technology and the innovative products based on it, like digital exchange mechanisms, are gradually changing how we transact in our day-to-day lives. This shift from conventional methods of investing and transacting is having an impact, both direct and indirect on people, organisations, and countries.

The cryptocurrency market is still relatively new, and developing every day. Some optimistic investors are projecting future prices, that would make buying one of the major cryptocurrencies, a very good investment.

With it’s growing popularity, there is a high chance that cryptocurrency would become an important medium of exchange in the near future, especially in foreign transactions, where there are different currencies. The cryptocurrency market is known for being highly volatile, so if you can read the market wisely, you can often buy at a low rate and sell at a higher one.

In today’s times, investing in cryptocurrency is considered to be one of the best long term investments. With the growing cryptocurrency market, there are over 2,000 crypto projects. Investing and having them in your portfolio could be profitable over  time.

Unlike the stock market or other conventional markets, the cryptocurrency market is never closed, and never not in business, which can prove to be a rather dangerous scenario for traders and investors in the industry.

Owing to the volatility of the cryptocurrency market, trading bots are increasing in popularity among traders. Trading bots have several advantages, like improved speed, improved efficiency, around-the-clock working. We will cover one such trading bot in this article.

Our Gunbot review has all the information you need to know before hitting the buy button.

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What is Gunbot?

gunbot reviewGunbot is a crypto trading software, which uses a computer algorithm that aids in your cryptocurrency trades. It works on the Poloniex trading exchange, and other similar trading exchanges. Created by Gunther De Niro, the first version of this software was launched in December 2016.

Gunbot is one of the best cryptocurrency trading bots. It supports eight of the top cryptocurrency exchanges. It runs on a certain cryptocurrency exchange to perform trading strategies like Ichimoku, Ping-Pong, TSSL.

Gunbot draws data from a cryptocurrency of your choice, using APIs. An API exchange is provided by many of the top exchanges, so that you can access the trading services on a third party app.

In simple words, Gunbot is a cryptocurrency trading bot which can trade BTC with any pairs. It uses the highs and lows, to decide whether to sell or buy. It uses customizable technical tools like Bollinger bands to do this. By using Gunbot, you can acquire more Bitcoins than what’s available in your wallet, due to it making active traders.

The main objective of the bot is to buy and sell cryptocurrencies for you, on the designated platform considering all the market factors. It makes an intelligent guess or prediction for you. It could be buying or selling a cryptocurrency at a particular price point. Gunbot constantly rakes up profits and engages in trading, without you having to do any work.

Some people may argue that even manual trading has the same capabilities as a bot, but that’s not entirely true. A trading bot has several advantages over manual trading. Gunbot can work 24/7, even while you’re asleep, which is not possible for humans.

Gunbot Review: Features of Gunbot

Here are a few features of Gunbot that would prove that it’s one of the best trading bots.

1) Can work on Most popular exchanges

Gunbot is familiar with, and can work smoothly in collaboration with multiple exchange services, Cryptopia, Kraken, Bittrex, Bianance, and Poloniex. Cryptopia is supported only for versions 4.0 or above of the software. It can also work simultaneously on Bitfinex, Bittrex, CEX, Coinbase Pro, Huobi, and Ku Coin. Gunbot can trade with Bitcoin, Ethereum, Litcoin, USDT, and multiple other cryptocurrencies.

2) Precoded strategies

Do you want to trade using Gain with a fixed profit percent? Or maybe you prefer using the Bollinger bands strategy or you want fast trades -Gunbot can help you with all of that. Gunbot has several precoded strategies which can make it easier for you to trade. It allows you to change trading indicators, and can make out more aggressive or even conservative. You can even combine some trading strategies.

3)  Easy to use

Trading bots reduce a lot of manual effort. On top of that, with the steps that you have to take to get the bot running, Gunbot makes that easier too. You can run one of the multiple precoded trading strategies, or you can also configure the trading style to your liking by simply changing some parameters.

4) Addons

Gunbot provides several amazing add-ons, which can dramatically improve your Gunbot experience. For an instance, Crypto Slight allows you to track your profits. The TradingView add-on aids Gunbot to execute selling and buying alerts from trader,s or potential traders from TradingView.com.

In addition to these features, Gunbot advertises these following features:

  • You can get a lifetime license by paying once.
  • Works on several major exchanges as mentioned above.
  • Works on Windows, Linux, Mac.
  • Has an active community and support system, with over 2000 active traders.
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Advantages of Gunbot

1. Offers Customization

Gunbot offers high customization. You can choose what you want to trade with that pair. If you test the pairs, they will perform consistently. However, it was especially good while trading Bitcoin with LSK, ARK, and BAT. These pairs were more tradeable and effective.

2. Efficiency

Gunbot never makes bad or illogical trades, as it has a fairly consistent routine, buying at lower rates and selling at fairly higher ones. The algorithms that Gunbot works on are pretty effective and can analyse markets effectively. It gives consistent gains to the user and has an impressive consistency.

3. Freedom to users

A user can test and set parameters, according to when they wish to sell or buy, the quantity you are willing to risk, stop loss and take profit. This gives you the freedom of trying out different strategies, combining strategies, and offering a flexible working bot.

4. Multiple options

Gunbot offers you multiple options for trading, using EMA Love, Trend Watcher, Candlesticks, and BB’s. It offers you a highly technical tool which takes into account multiple factors while trading, which is the reason why Gunbot never makes mistakes.

Disadvantages of Gunbot

1. Dependent

Gunbot is highly dependant on the price of cryptocurrencies, and as we all know, the cryptocurrency market is highly volatile. Gunbot can make a profit only when the price of Bitcoin is stable and solid.

2. No USD or USDT

Gunbot does not offer the ability to hedge with USD or USDT yet. However, new versions are being tested, so it is a possibility only in the future.

3. Low Profit

0.1 or 0.2 BTC makes only a 0.001 or 0.003 profit per trade, so the question to ask is, is it really worth it? If you traded 30 pairs by using BTC, you make only 7 trades within 24 hours. So it really worth trading them, or is it better to hold on to them and watch them, hopefully, appreciate in value?

4. Faulty bots

Ahedge coin group had tested Gunbot. They had to use two different bots to try out the software, as one of them was buggy and would load or work properly.

Can you Really Make Money With Gunbot?

Why choose gunbotThe primary purpose of technology and automation is to make the lives of humans easier, so that humans have to put in less effort, but note that it is less effort, not no effort. The internet makes it easier for you to learn things, and to be aware of your surroundings. However it’s of no use, unless you know how to use it. Similarly, trading bots can help you gain a profit, only if you know how to use it, and can use it effectively.

Gunbot is not for beginners, and not for people who don’t know anything about crypto trading and the working of trade bots. However, if you put in a little time and effort to learn the skills, you can earn a lot of money.

There are a number of reasons why you can make a lot of money with Gunbot, if you know how to use it right.

As mentioned earlier, Gunbot has a big supportive community, with the same goal- making decent money. Gunbot has over 2000 active users, who share strategies and tips to help out the newbies. You can learn the tricks of the trade from these experienced users. There is never a single way to win; different people who use different strategies can do just equally well. Gunbot also has numerous precoded strategies – one of it’s strongest suits. You can pick pairs to trade, or filter according to volume.

You may have come across bots with unreliable developers, and ignored bugs and provided bad customer service. Gunbot, in comparison, is a good experience. It is not only stable and consistent, but it also does as you say, with no mystery once you are familiar with its workings. Reported bugs are usually gone by the next release, and the team is extremely streamlined and capable, which can not honestly be said about a vast majority of order cryptocurrency trading bots out there.

Pricing

Gunbot offers six plans with different features and different prices.

1. Gunbot standard – 0,100฿

The standard plans offers:

  • One time payment.
  • Lifetime license.
  • Lifetime updates.
  • Choose one exchange from Gdax, Binance, Bittrex, Poloniex, et cetera.
  • No add-ons.
  • Profit tracker not included.

2.  Gunbot Pro – 0,200฿

The pro plan offers:

  • One time payment.
  • Lifetime license.
  • Lifetime updates.
  • License for three exchanges.
  • Support via telegram.
  • Backtesting add-on.
  • Profit tracker included.

3. Gunbot Ultimate – 0,300฿

  • One time payment.
  • Lifetime license.
  • Lifetime updates.
  • License for all exchanges.
  • Premium support.
  • TradingView add-on and Backtesting add-on for Gunbot.
  • Crypto Sight profit tracker.

4. Premium support – 0,025฿

  • One time payment.
  • Personalised support is offered in the initial stages.
  • VIP zone access available.

5. 4 config pack for Gunbot – 0,035฿

  • One time payment.
  • Limited sales.
  • 12 premade configs are available.
  • Each configuration has three versions – aggressive, normal, and conservative.
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Gunbot Review: Is it a Winner bot?

The world is changing at a fast rate. Automation is taking over and in no time, Robots and AI will rule the world. Working wisely, means that you need to stop wasting your time on work that you easily automate. Admittedly, it’s a little costly, but it surely saves a lot of effort, removes human error, and more importantly, eliminates human error.

Gunbot is not a scam; it is a genuine trading bot and one of the best at it. It is a useful software, when it comes to giving technical advice and signals, and of course, it is very skilled at reading and understanding the market. However, there are a few downsides to it.

It is not suitable for beginners. It majorly relies on the price of Bitcoin, which fluctuates quite often. This inevitably raises the question whether it is actually worth buying. For traders and investors who are looking for short term profits, it’s a pretty good option, but for those who are in it for the long run, it may not be worth it.

To conclude, Gunbot can make your trading ventures easier, owing to it’s almost flawless implementation and well-programmed software. However, it will work best only, if you give it the input required from you and the basic initial conditions to make a positive change. This can’t happen unless you learn the skills, and now to make intelligent decisions in your best interest.

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