Setting up my cryptocurrency trade bot gunbot bittrex more bitcoin
Making money of Bitcoin and other crypto currencies is an easy way to invest and get great returns within a timeframe that puts any forex trader to shame. Most of us are buying "for the long term", we hope that the coins we buy will be worth more in a month or a year. Some people even trade on a day to day base to get the most out of the fluctuating market. Buy low and sell high!
What if I tell you that you can automate this process and make money while you are at your regular job or even whilst sleeping!
Even with a balance of 0. The solution is called Gunbot and Gunbot is an automated "profit generator" as the creator of this bot, Gunthar, claims on Bitcointalk. Gunbot is a bot that trades automatically on Poloniex, Bittrex and Kraken and the bot runs on Windows and Linux. You will have to purchase a license for each exchange you want to trade on. The first exchange will cost 0.
My advice for a reliable and cheap VPS is: The bot uses the API's from the exchange to get all the info it needs, it does setting up my cryptocurrency trade bot gunbot bittrex more bitcoin own calculations so it will know when to buy and when to sell. You can run a GUI version or a setting up my cryptocurrency trade bot gunbot bittrex more bitcoin line version. The command line version tends to be more stable en uses less RAM but here I will talk about the GUI version first because for setting up my cryptocurrency trade bot gunbot bittrex more bitcoin time users this is way more friendly to start out with.
There are many strategies and settings you can use, you don't need to use the same strategy for buying as you do for selling. Experiment and find out what works best for you! Look at the coin you want to trade on and select your strategy on that. The security margin percentage will tell Gunbot to sell when the price drops. You can adjust this to whatever percentage you want.
If you use Poloniex than you will get some errors because Poloniex doesn't like you making too many calls so some get rejected and this will show as a error, this is normal and the bot will handle it. The more pairs you run the more calls the more errors. However if you want to run faster delay times than this than there is a special proxy program that is developed by someone else than the Gunbot developer.
It lets you use 3 second delay times so you will setting up my cryptocurrency trade bot gunbot bittrex more bitcoin miss a buy or sell trade because of an error!
Contact me if you are interested in it. This will only work for Poloniex though! So by now you have configured all the settings needed to run Gunbot! Now wait until Gunbot has started the pair on the exchange you are using.
After that your window should look somewhat like this:. In the right upper field you will find all the configurations you have set whilst saving the pair. Here you will also find the calculated Bollingerband levels, the levels Gunbot wants to buy and sell setting up my cryptocurrency trade bot gunbot bittrex more bitcoin an overview of the trades that were made. Below that is the screen where is displayed what Gunbot is doing, you will also see some errors appearing here. Gunbot will handle all errors so you will not have to worry about it.
And now you have to play the waiting game! You will have to see when your Gunbot is going to buy and sell so just relax and go enjoy your day! I hope you all like my article, after this I want to write about how to select good pairs to run on Gunbot and settings you can use. Cryptocurrency profit generator - Earn while you sleep! It works as it should: Contact me if you want to get a license for Gunbot I am not a reseller but I will put you into contact with someone that is The bot uses the API's from the exchange to get all the info it needs, it does its own calculations so it will know when to buy and when to sell.
Open the folder where you extracted the files you downloaded and open the GUNBOT file The above screen will appear, the pop up screen will ask you to start previous pairs, as this is the first time starting the Gunbot, click no. The first section is the market settings, here you can select the pairs altcoins and the market Poloniex, Kraken and Bittrex you want the Gunbot to trade on. This is also the place where you need to put your public and secret API. The next section will let you select the buy and sell strategy you want to use.
Pingpong will buy and sell at a preset market price. So if an altcoin goes up and down by the same pattern, you can use this setting Stepgain lets you determine buy and sell levels under and above the EMA. If the price goes beneath the EMA further than level 1 it waits to see if it drops further to level 2.
If it doesn't than it buys at level 1. If it does go down below level 2 it waits to see if it drops below level 3, if it doesn't it will buy at level 2. If it does drop below level 3 than it buys at that level. The same goes for selling only that will be above setting up my cryptocurrency trade bot gunbot bittrex more bitcoin EMA. The next section is the Balance settings. You have to fill out the amount of BTC you want to use for each individual trade.
The more you use the higher the profit will be, but also the higher the loss if the price drops! This section is important as it will greatly determine overall profit percentage.
Think wisely about how much you want to use. The next section is the Indicator settings. And those are pretty self explanatory, the "max latest prices for BB calculation" setting will let you determine the amount of past prices to use to calculate the Bollinger band. This is almost always 15 though. Only change it if you really know what you are doing.
The last section is Bot timing. The first value is the amount of seconds between each API call to the exchange. So if it is like this than it does a price check every 2 minutes. The second one is used if an API call fails, it will retry in 1 minute in this example.
After that your window should look somewhat like this: Repeat these steps for all pairs you want to run. I am always happy to answer your questions about Gunbot. Here are some links you can use to learn more about Gunbot: Authors get paid when people like you upvote their post.
Get the most out of Bittrex by trading with a bot. Get more trades and more profits, automatically! Many proven and fully customizable strategies. New features get added all the time. Gunbot is easy to use, but uses advanced algorithms. Use stop limits to manage risks, or setting up my cryptocurrency trade bot gunbot bittrex more bitcoin down automatically when a pair is being dumped.
With Gunbot you get all the tools you need to start earning a lot more with Bittrex. Connects to Bittrex with an API key and set all permissions, except withdrawals for Gunbot to trade on your behalf and make profits. Gunbot offers you the tools to trade with multiple strategies on as many trading pairs as you want - all the time. It protects you from trading during big BTC price movements. Gunbot does not sleep. It will take every opportunity the market provides, every day, every night.
A trading bot for Bittrex has no emotions. It will just make the right decisions, according to your strategy. Gunbot provides tens of proven, advanced trading strategies. Make profits like you've never seen. Bittrex trading bot Get the most out of Bittrex by trading with a bot. Buy your Gunbot license now! Most complete bot features. Most advanced trading bot for Bittrex. Get automatic profits with a trading bot on Bittrex. Never sleep Gunbot does not sleep.
No emotions A trading bot for Bittrex has no emotions. Best strategies Gunbot provides tens of proven, advanced trading strategies. Do you have questions setting up my cryptocurrency trade bot gunbot bittrex more bitcoin Gunbot? Then contact us personally! We'll get in touch with you as soon as we can.