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16 Best Crypto Trading Bots for Automated Trading

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Worthy alternatives that include in-built automatic trading bots with a simpler user experience include Pionex, KuCoin X, and Coinrule. The crypto bot has some downsides, such as a difficult user experience for setting up a bot and placing trades. Due to the platform’s complexities, it’s more suitable for experienced traders. Some traders love using TradingView to create their own trading strategies or use tradingView scripts, this is possible thanks to the TradingView add-on. With this add-on you can trade on alerts sent from custom strategies at TradingView, completely managing your strategy there too. Gunbot receives trade signals by e-mail and trades accordingly.

A single trading style can be used for all crypto pair systems. Buy and sell methods, which specify when the bot is permitted to place orders, are the essential elements of a strategy. One or more trading pairs may be assigned different strategies. There are a ton of free trading strategy presets included with Gunbot that can be used right away with just a few little adjustments, such as setting the limit on how much it can spend. On your local computer, you can open access to the interface without risk, or you can open access from the internet. The user interface may be supplied through https and is designed for mobile devices.

Gunbot vs 3Commas] – Which Bot Is Better?

Every incoming buy alert that would exceed this cap, gets ignored. This is an attempt to convert gunbot’s SG strategy into a proper TradingView strategy. The problem is that SG Sell Level relies on % above purchase price, which we don’t actually know in TradingView. So we could try to get the average of the next bar or something, which maybe this is what the Slippage setting is? Couldn’t find the original author of the new MAs, so if you are, drop me a line for credit. When set to false, Gunbot will execute all TradingView alerts without interfering with a custom strategy.

custom trading strategies

The https://www.beaxy.com/ back testing add-on takes place on tradingview.com and lets you back test almost all of the strategy parameters available in Gunbot. It can also be used to send alerts based on Gunbot strategies, to be executed by Gunbot with the TradingView add-on. Gunbot CommunityGunbot has progressed so much over the years that nowadays, it is almost entirely dependant on its vast community of dedicated users. There are constantly new strategies and trading features being added to Gunbot, most of which are based on input from users and thoroughly tested before public release. In addition to creating your own crypto robots with Gunbot, it also comes with hundreds of configurable strategy options that you can choose from.

Get Started with Gunbot

Orders placed by the TradingView add-on are placed by default as market orders to ensure they will get filled. You can use alerts to change the strategy of any valid pair that’s already in your config. It’s recommended to enabled the «email-to-SMS» option on tradingview.com, which sends a plain text email instead of an html formatted message. Once you’ve installed Gunbot, you’ll have to connect it to your exchange by creating an exchange API. If you want to learn all about Gunbot’s services and whether or not they’re right for you, stick around for this in-depth Gunbot review. Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017.

Look for buying market conditions where price is above the 14-day EMA but there is a pull-back with the Stochastic crossing below 20. Gunbot is includes add-ons like Backtesting Addon and TradingView Addon, which allows Gunbot to execute external trading signals. When prices increase 2.5% above the break-even price of your buy order, Gunbot will effectively start sell trailing (minimum target of 2%, plus the range of 0.5%). The TV_GB option makes it possible to run pairs in Gunbot itself, and simultaneously receive and execute incoming TradingView alerts. Using the TV_TRADING_LIMIT_CAP setting you can limit the investment per trading pair to an absolute amount, expressed in base currency.

Backtesting involves testing the potential market performance of a coin based on its historical data. On Gunbot, backtesting happens using the popular crypto screener, Tradingview. It is a powerful platform to backtest and visualize tested trading performance. Strategies in Gunbot are used to define the amount, and the moment of buying and/or selling.It is based on price fluctuations or indicators such as Bollinger Bands, RSI’s, EMA’s, etc. The best part about Gunbot is that it’s accessible for any type of trader, whether you are a beginner or an advanced trader. Some strategies only need a trading amount whilst others are highly configurable.

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When the highest bid crosses the trailing stop, all available quote assets are sold. Does your trading strategy place consecutive buy orders (“pyramiding”)? This can get out of hand quickly when you don’t limit it somehow. If you want, you can set Gunbot to never allow it to execute sell orders that would lead to a loss. Say the pair is USDT-BTC and the amount is set to 1000, an executed buy order would try to buy 1000 USDT worth of BTC.

They have an abundance of information freely available on the official Gunbot website. You can quickly and easily reach the support team via live chat and email tickets. They will be happy to answer any technical, trading or general question that you may have. Gunbot TradingViewThe add-on also allows for a MATIC few protections, such as making sure that sell orders happen above the break-even point and meet the exchange minimum trade volume. AutoConfig is a suite of tools that you can use to dynamically and automatically manage almost every aspect of your Gunbot configuration with your own predefined rules. You can even monitor conditions on one pair and change settings on another.

  • Individual pairs may be added, or filter rules such as “Top 10 volume USDT pairs” may be set.
  • Nevertheless, Gunbot makes up for this with a backtesting account that beginner traders can leverage for a more practical approach before deploying the bot with real funds.
  • As opposed to many of the other competitors, Gunbot works with a one-time payment instead of a monthly subscription.
  • The alerts have to be in the following format in order for Gunbot to act on them.
  • Back Testing – With the Pro and Ultimate versions you get an add-on enabling backtesting from a TradingView account.
  • Payment for plans is also possible with 300+ altcoins, stablecoins, and PayPal.

Gunbot is an ideal platform for crypto BNB traders that want to automate aspects of their trading using built-in algorithms and bots. The platform integrates with 100+ exchanges, including industry giants like Binance and Coinbase Pro. Its pre-made bots, signals, and technical indicators are perfect for analysis the market and using automated strategies. The highest level license for Gunbot, the package, grants access to all functionalities.

It is easy to gunbot tradingview up, allows you to automate trading across different exchanges, and choose the preferred setting when you create the bot. To scale your trading with Tradesanta, you can create as many bots as you want. Pionex is a crypto exchange with built-in trading bots, and you have access to 12 unique training bots at no extra fee. These trading bots allow you to automate your trading strategy, so you don’t need to monitor the market constantly. Users can also customize the bot to receive trading alerts via TradingView. Gunbot delivers on its promises as a community-made crypto trading bot, however, there are certain limitations that will deter beginners in particular.


Hodlbot is one of the best cryptocurrency trading bots that help you to manage your trades with a user-friendly dashboard. With this software, you can create a portfolio of more than 350 coins and easily customize your portfolio according to your need. This bot allows you to rebalance your portfolio easily, and the price starts from $3 a month. Unlike many other crypto trading bots, Gunbot doesn’t collect users› trading data as it runs as a client on the users› computers.

For example, a trading bot may not take into account economic news releases that could have a significant impact on market volatility. Gunbot Crypto BotsYou do not need a cloud-based platform to run Gunbot. It can run on your local machine, whether that be Windows, macOS, Linux or Raspberry Pi.

How do you backtest an algo trading strategy?

In simple terms, backtesting is carried out by exposing your particular strategy algorithm to a stream of historical financial data, which leads to a set of trading signals. Each trade (which we will mean here to be a 'round-trip' of two signals) will have an associated profit or loss.

Step-Grid is a straightforward but successful trading method that sets Gunbot apart from many other bots. Trading minor price changes is the principle behind this method. A grid-like trading technique with integrated buying and selling trailing and dynamic trading targets. This approach differs slightly from all existing Gunbot tactics in that it is “always in position” and seeks opportunities to average down rather than waiting for the ideal entry. The TradingView add-on can enable Gunbot to execute trading alerts that are sent from tradingview.com. This means that users are able to create fully customised trading strategies, using pine script at TradingView.

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