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Understanding Gunbot: Breaking Down Basic Concepts

ยท 3 min read

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Are you ready to master the art of automated trading with Gunbot? We'll help you grasp the basic concepts that will fuel your journey to becoming an ace trader. Let's dive in!

Assigning a Strategy to a Trading Pair ๐ŸŽฏโ€‹

To kick off your trading automation, simply assign a strategy to a trading pair. A trading pair is a combination of two cryptocurrencies, such as Bitcoin and Ethereum. This gives Gunbot the green light to begin executing trades on your behalf.

๐Ÿ’ก Pro tip: Strategies are crucial for enabling Gunbot to make informed trading decisions.

Strategies: The Building Blocks ๐Ÿ”งโ€‹

Strategies are sets of rules that dictate how Gunbot should trade. Each strategy comes with configurable parameters, allowing you to tweak and optimize them according to your preferences or market conditions.

Presets: Saving Your Customized Strategy ๐Ÿ“‹โ€‹

Once you've modified a strategy's settings, you can save it as a 'preset.' This lets you quickly assign your customized settings to other trading pairs in the future, streamlining your workflow.

Multiple Pairs, Multiple Exchanges, Endless Opportunities ๐Ÿ’ฑโ€‹

With Gunbot, you can run multiple trading pairs across several exchanges simultaneously. You can choose to use different settings for each pair or apply the same settings to all of them - the choice is yours!

๐Ÿ“ฃ Remember, "bot" refers to the software as a whole, not a specific pair or strategy.

Custom Strategies: Tailor-Made Tactic ๐Ÿงฉโ€‹

If you're after something truly unique, you can create a 'custom strategy' by coding it in JavaScript. This allows you to design a strategy tailored to your exact needs and preferences.

Autoconfig: Automation Beyond Trading โš™๏ธโ€‹

Gunbot's 'autoconfig' system is a powerful tool for automating settings changes based on predefined conditions. Think of it as a cron-like system that allows you to adapt your trading strategy according to market fluctuations.

Instances: Multiply Your Gunbot Power ๐Ÿ’ชโ€‹

An 'instance' refers to one Gunbot installation. You can run multiple instances of the software using a single license, which is useful for spreading risk across multiple servers or improving processing speed by limiting the number of pairs per instance.

In summary, understanding Gunbot's conventions and basic concepts is crucial for maximizing your automated trading experience. Assign strategies to trading pairs, customize them with presets, manage multiple pairs and exchanges, create custom strategies, utilize autoconfig, and leverage multiple instances to unleash Gunbot's full potential! ๐Ÿš€