Cryptocurrencies are often incredibly volatile and can see massive price swings in a short time. This makes them ripe for bear traps. A bear trap is a situation where traders wrongly think a coin is about to reverse a downtrend. These events often result in significant losses. This guide will discuss crypto bear traps, how to identify them, and the risks involved in these situations. Introducing Crypto Bear Traps A bear trap happens when a trader buys assets, expecting the…
GUNBOT seeks to simplify your trading strategy via its automation software. Trading bots are now more popular than ever because they allow you to monitor and execute trades autonomously based on predetermined market indicators. Trading cryptocurrency requires you to research and track market conditions intensely. These requirements have increased in recent weeks as market volatility is on the rise.
GUNBOT enables you to trade a variety of cryptos without all the hassle and time commitment. Additionally, the program removes your emotions from the equation. In this way, your trades are not based on FOMO or other human reactions but rather sound, predetermined market technical indicators.
GUNBOT differs from the competition in a couple of critical ways. Primarily, the bot doesn’t require you to sign up for a monthly subscription. Instead, you purchase a lifetime trading license. When you examine this strategy over time, it’s easy to see how these savings will add up. Currently, GUNBOT services 8000+ active traders across a broad spectrum of crypto assets.
Benefits of GUNBOT
GUNBOT users can look forward to a streamlined trading experience. The platform is geared towards experienced traders in that you will want to be at least semi-familiar with the market and the coins you wish to program your bot to trade.
To set up your GUNBOT, you will need to decide on a platform to run the protocol on. Currently, you can choose between using any PC or laptop with a reliable internet connection. Uniquely, there is also an option to purchase and run your bot via a VPS (virtual private server). This off-site server is an affordable option that allows anyone to take advantage of this trading bot’s features without investing in hardware or internet connectivity.
The developers behind GUNBOT invested extra time in reducing the technical requirements of usage. The bot offers users access to fifteen trading strategies. Additionally, you can customize these options to meet your particular needs. Using the technical tools, you can easily set options such as the trading pair, the amount you want to trade, and the buy and sell strategies to employ.
All GUNBOT users gain access to free support. This support is available in various forms ranging from emails and live chat all the way to the firm’s dedicated Telegram support channel. Even more impressive is the fact that all GUNBOT owners enjoy life-time free software upgrades.
There are also some unique perks you gain when you become a part of the GUNBOT community. The platform offers an aggressive referral program via its affiliate network. Affiliates receive rewards in the form of GUNTHY tokens for every new user they help sign up to TheCryptoBot.com.
GUNBOT has managed to create a robust API that is both flexible and widely accepted in the market. Currently, the platform boasts access to over 130 exchanges. Many of these platforms are recognized as the top performers in the market. For example, GUNBOT seamlessly functions with Bitmex, Kucoin, Huobi, Poloniex, Bittrex, Cex.io, Binance, Coinbase Pro many more.
How Does GUNBOT work?
GUNBOT works similarly to most automated trading software. You will need to program the bot’s trading actions before you can be used. Also, you are required to connect to a supported exchange utilizing the platform’s API. This API is secure and provides a responsive trading experience for the bot.
The GUNBOT interface allows you to set up the particulars of your bot. Here you will see options such as the buy and send signals. You can also purchase and subscribe to other trading strategies and signals. In this way, you can further your bot’s effectiveness without having to master a more advanced trading method.
TradingView Alerts is a paid add-on that provides users access to more strategies. You can use these alerts to further the effectiveness of your bot. You can set up these trading actions using the logic system directly or pine-scripts according to developers.
Test Your Bot
GUNBOT doesn’t offer a free demo mode or any way to try out the platform before buying. However, another add-on you can purchase enables you to test your bot after you already are a part of the network. You can use this add-ofor to backtesting your bot on previous market conditions to see how it would have fared; this feature comes standard with the GUNBOT Ultimate package.
GUNTHY tokens are the native utility token for the GUNBOT ecosystem. These tokens are what’s used to validate your license ownership on the blockchain permanently. When you sign up for GUNBOT, you will deposit Bitcoin into the address requested. From there, you will need to link an ERC-20 compatible Ethereum wallet address. Here, your GUNTHY tokens will arrive shortly after you complete your signup and your payment is confirmed.
GUNBOT offers three subscription options. The standard package includes everything you need to get started. Specifically, you get a lifetime license, access to all strategies, free support 24/7, and access to a choice of exchanges. This option includes a host of helpful trading strategies, including TSSL, Stepgain, and many more. Notably, the standard bot option only provides support for one exchange. The price of this option I currently 0.025 BTC.
The PRO license takes you a step further. This option adds more features, including access to the Telegram sight bot. For those who already have their trading strategy in mind and require even more functionality, there is an Ultimate package that is sure to meet your needs. This package includes support for five market packs. You also gain access to the backtesting and TradingView plug-ins. The cost of this package is 0.0625 BTC.
How to Use GUNBOT
Using GUNBOT is simple. The first step is to download the software. You will receive an API key that will allow you to configure the bot. You must make sure you download and unzip the latest version to ensure you get the most responsive bot available. From here, GUNBOT will direct you to a registration page.
The page will request that you create a password and log in. Once you respond to the confirmation email, you are ready to start editing your trading setup via the Setup Tab. Choose the exchange that you desire to trade on. The dashboard makes it easy to load a preconfigured setup. Now, you press start, and your bot is live.
GUNBOT – Say Goodbye to Monthly Subscriptions
GUNBOT is a great option for anyone looking for a lifetime bot. Other platforms require you to make payments for operating their software continually. While this strategy is ok for short-term use, it becomes a serious drain when examining the long-term payments made. GUNBOT is one of only a select few bots that provide you with a lifetime license. When you combine this option with the flexibility and expanding features the bot offers, GUNBOT comes out as a major contender in the market.