Understanding Gunbot: Breaking Down Basic Concepts
This guide covers the basic Gunbot concepts you need before configuring strategies, pairs, exchanges, and instances.
Assigning a Strategy to a Trading Pair 🎯
To kick off your crypto bot 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.
💡 Pro tip: Strategies are important for enabling Gunbot to make informed trading decisions.
Strategies: The Building Blocks 🔧
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 📋
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 💱
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!
📣 Note: "bot" refers to the software as a whole, not a specific pair or strategy.
Custom Strategies: Tailor-Made Tactic 🧩
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 matched to your exact needs and preferences.
Autoconfig: Automation Beyond Trading ⚙️
Gunbot's 'autoconfig' system automates 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 Crypto Trading Bot Capacity 💪
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 important for maximizing your automated trading experience. Assign strategies to trading pairs, customize them with presets, manage multiple pairs and exchanges, create custom strategies, use autoconfig, and use multiple instances to make better use of Gunbot. 🚀