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What is Gunbot and How Does it Work?

· 2 min read

Gunbot is a cryptocurrency trading bot that automates trading strategies across multiple exchanges. You configure strategies once, and the bot monitors markets and places trades when conditions match your rules.

Overview: How Gunbot Works

Gunbot runs strategies you configure, scans markets, and places trades when conditions match. It supports common approaches like trend-following, reversals, and grid trading. Beginners can start with preset strategies, while advanced users can write custom JavaScript strategies. The Gunbot Developer Community is a good place to exchange setups.

Key Features of Gunbot

Gunbot has features for both standard and advanced automation. Key capabilities include:

  • Automated trading strategies: Built-in strategies like Bollinger Bands and StepGrid that you can customize in the code editor.
  • Custom strategy scripting: JavaScript strategy support for detailed rules and triggers.
  • Exchange compatibility: Works with major exchanges such as Binance, KuCoin, Bitfinex, and others.
  • DeFi trading: Options for decentralized platforms via the DeFi trading bot.
  • TradingView integration: Use Gunbot as a TradingView alert bot to execute trades from alerts.
  • Performance tracking: Trade logs and metrics to review outcomes and refine strategies.
  • Risk management tools: Options like stop-loss and trailing stop to help manage downside risk.

Why Use Gunbot?

  1. Lifetime license: A one-time purchase option instead of recurring subscription fees.
  2. Privacy-friendly: Runs locally, keeping API keys and trading data on your own machine.
  3. Highly customizable: Built-in strategies can be tuned, and custom JavaScript strategies are supported.
  4. Strategy variety: Includes approaches like StepGrid and Bollinger Bands-based strategies for different market conditions.

Getting Started with Gunbot

New users can start with a preset strategy and adjust settings over time. Advanced users can move straight to custom scripts or deeper tuning. For full setup and usage guidance, see the official Gunbot documentation.