Which exchanges does Gunbot crypto trading bots support

This trading software was originally created by an individual called Gunthar De Niro back in 2016. The creator set out to make a crypto trading bot that would be easy to use and would offer advanced trading features required in today’s hectic markets.

His creation seems to be exactly that and both beginners and the veterans of the space have found it useful in their trading endeavors. Once his product hit the mainstream, Gunthar hired a team of developers and support admins to help him manage the bot and everything related to it.
The bot is developed using the “Rapid Application Development” method, meaning that the process is strongly focused on users and their input. The people behind it claim that they keep a two-month release schedule for major releases, with bug fixes and performance improvements sprinkled in between.
Every new piece of code is ran through a network of dedicated beta testers; any community member can become one of those by joining Gunbot’s beta channel.

The bot doesn’t reinvent the wheel and does exactly what you expect it to do; it buys cryptocurrency at a lower price and sells it when the price rises. It requires you to connect your exchange’s API keys, set up a trading strategy, select your trading pairs and let the bot’s algorithms – which you either selected from a list of strategies (if you are a beginner) or coded/backtested yourself (if you are an experienced trader/coder) – do their thing.

They pride themselves on the abundance of tried and tested strategies they have on offer, claiming that every single strategy and setting present in Gunbot is drawn, discussed and tested by over 6000 active crypto traders.

GunBot Crypto Review: Features

Some of the bot’s key features include:

• Unlimited number of trading pairs

• Unlimited number of bot instances

• Fast and responsive interface

• Can trade on multiple crypto exchanges from a single installation

• Life time free software updates, including upgrades to major new versions

• Easy to use browser interface for managing settings and monitoring trading performance, also works on mobile devices

• Powerful trading strategies: use tested presets or create your own strategies using 15 different methods for buying/selling, confirming indicators, trailing, DCA and many more options

• Optimized strategies for margin trading and trading on spot markets

• Reversal trading: a system to accumulate during bear markets without investing more than the initial buy order

• Trading terminal: review bot performance on native charts, place manual orders directly from Gunbot

• Receive trade notifications on Telegram

• CryptoSight Telegram bot offering detailed trading statistics for trades made through Gunbot.

• Power user friendly: all features can also be configured and updated using a single JSON configuration file

• Can be used together with manual trading, even on the same trading pairs Gunbot runs (some limits apply though)

• TradingView add-on: execute trades based on email alerts

• Backtesting add-on: available as script on tradingview.com, emulates (almost) all Gunbot settings options

Gunbot team recommends that you purchase the bot from one of the official re-sellers of the software.

Supported Exchanges

Gunbot supports trading on a wide variety of exchanges (both spot and margin ones):

• Huobi

• Binance

• Cryptopia

• Bittrex

• Kraken

• Bitfinex

• KuCoin

• CEX.IO

• Poloniex

• Coinbase Pro

• Bitmex

There are no restrictions on the amount of active trading pairs in a Gunbot installation.

Supported Trading Methods and Strategies

The bot comes with 15 default trading methods/strategies that can be combined into a custom strategy:

• Average Directional Index (ADX): define a minimum ADX level that needs to be reached before trading.

• Average True Range (ATR) Trailing Stop: a method using the ATR indicator to provide a configurable trailing stop.

• Bollinger Bands – percentage distance from bands: trade when price reaches a configurable percentage from the lower or upper Bollinger Bands.

• Bollinger Bands – crossover: trade when price crosses over a configurable percentage from the lower or upper Bollinger Bands, after first moving outside of it.

• EMA spread: trade when the spread between slow and fast EMA increases / decreases. The minimum required spread is configurable.

• Emotionless: “just works” method, hardy any configurable parameters. Perfect for novice traders.

• Gain: buy at a configurable percentage below EMA, sell when a set percentage above the break-even point is reached.

• Ichimoku: trade on crossings of Kijun Sen and Tenkan Sen. The cloud (Kumo) can be used as optional confirmation.

• MACD: trade on crossing of the MACD line and the signal line.

• MACDH: trade on crossing of the MACD-Histogram and the zero line.

• PingPong: buy and sell at exact configured prices.

• Stepgain: using a built-in trend watcher, trade when a downtrend turns into an uptrend and vice versa.

• SMA cross: trade on crossings of the slow and fast simple moving averages.

• Time series analysis: attempts to predict the next period close price, trades when the forecast is higher/lower than the current price.

• Trailing stop / stop limit: using configurable trailing ranges for buying and selling, prices are trailed for optimal entry and exit points. Orders are placed when the trailing stop is hit.

All of these can be tweaked and configured by the end user into a custom strategy. Additionally, Gunbot offers several built-in features for “recovering” from bad crypto market trades, including dollar cost averaging, reversal trading and placing a stop limit order.