Understood!

What I may do is rewrite and add back in some of the original article then show some picture examples later this week, I'll update the thread at that point! Am also planning a followup video as well.

If you want to look I've started my own thread on trading techniques I use...

https://bitcointalk.org/index.php?topic=5136515.0

I have a few free indicators on my trading view profile which are very effective if used correctly (provided you have an account there of course!). I've not yet done videos for all of them and plan to do so.

https://www.tradingview.com/u/ippp0031/#published-scripts

The last two videos I released detail some methods I use- along with the indicators they are over 20 mins long and accompanied by full articles- so you can review after or before the video, depending on your style of learning- they are detailed guides and no fluff or shiny buttons.

https://youtu.be/Mwc_poTs-fA

https://www.youtube.com/watch?v=LdZpwjMNQ4k&t=257s

ADX and DI is a very good compliment to to RSI, MACD and MAs. If you look at the RSI A/D strength inidcator I use to work alongside ADX, it has an EMA of RSI and 2 SMA or RSIs to help you spot divergences, in the example I give towards the end of the video you'll see how effective at spotting a momentum change it is!

Thanks,

Much appreciated!

I think I can already post pictures, but they have to be in links or something? Can they be uploaded direct if I'm a slightly higher grade member?

Anyone who has any questions about how to use the scripts on trading view, just post here and I'll be happy to help where I can

Hi guys,

I've written a detailed free tutorial article and made a video on how I use ADX and DI to spot the top and bottom of a trend. The article and video are very comprehensive and it is an exact step by step guide to both show you this super powerful method plus how to setup the special version of this indicator I have published on Trading View for free (you will of course need a trading View account of course to use it).

This method I show you is astonishingly good at being able to spot reversals and when a trend is fading and about to switch to a new one. I used it to to guage when the huge crash of November/December was going to end- and correctly identified December the 17th as the turning point and the end of the downtrend- I put a long order in that afternoon. How was I able to identify that? I watched the ADX line (set to a special bunch of settings which is explained in the article and video) rise to an extreme value before fading. You will find that the more you watch how ADX behaves, it can be frighteningly accurate at knowing when something is likely to reverse.

I also explain how I use another indicator RSI and Accumulation/Distribution strength to help time entries. When both are used together this method is VERY POWERFUL.

I'm happy to answer questions on this thread as it's an indicator I think more people need to learn how to use, and RSI A/D is not one that is a  well known combination.


https://youtu.be/Mwc_poTs-fA

http://bitcointradingtoday.com/2019/04/26/trading-view-tutorial-using-adx-di-identify-peaks-reversals/


The indicators mentioned in the video and article have been published here:

ADX and DI advanced
https://www.tradingview.com/script/QSOTRiNG-ADX-and-DI-advanced/

RSI and A/D Strength
https://www.tradingview.com/script/FEc6vIaB-RSI-and-A-D-Strength/

Hi guys,

I've made a 20 minute detailed video and written an accompanying article to how I use Trailing stops to exploit pumps and dumps. This will be part of a series of videos I'm planning to release over the coming weeks and months. Future videos will reveal a number of other strategies I use such as technical indicators etc.


https://youtu.be/LdZpwjMNQ4k


https://medium.com/@wisepapertiger/how-i-use-trailing-stops-on-bitmex-to-exploit-pumps-and-dumps-an-advanced-bitmex-stop-loss-fb54b429c439

http://bitcointradingtoday.com/2019/04/11/use-trailing-stops-bitmex-exploit-pumps-dumps-advanced-bitmex-stop-loss-tutorial/

Have a watch/ read and let me know what you think!

During boom times, e.g. last spring and last winter some experienced Gunbot users were doubling their accounts in a matter of weeks. I've had the odd 10% day here and there. As Larry says, this will of course not happen every month because it depends on the market, but PT/GB if you know how to use them properly will exponentially grow your account during boom times quicker than you might expect. During the bear periods your entire account will stagnate or not grow of course. Profit Trailer works a bit differently to Gunbot but they are sort of cousins.

Okay here's my tuppence on the matter. For the record I am a Gunbot user (and reseller), which of course some of you will know is one of the more well known and popular bots on the forum.

There's some very misinformed comments on this thread, so I'd like to share my honest experiences and demystify them.

1) Firstly, no bot is just a "Turn it on and it will make you rich" push button solution. If you're looking for that, then the answer doesn't exist, or you're asking the wrong question.

2) A number of people have correctly observed it's a very effective way to automate trades you would normally take, or trades you may not see because you are away or asleep. Bots can work 24/7 unlike a human being.

3) Whether you can make better decisions than a bot on a single trade, the answer is of course you could, but only if you have the right experience, a good feel for the market, TA analysis, a good risk management strategy etc.

4) I think it's just as misinformed to tell people that they can make better decisions than a bot, when that person is a newbie. If they are a newbie, they are probably unlikely to make good decisions bot or not- I recommend you demo trade as much as possible read about price action, chart patterns technical analysis etc etc before you use real money if you're a newbie.

5) Using Gunbot has taught me so much, and has made me a better manual trader too. Because I watched how it observes the market and its buys and sells, and that includes when it gets it wrong because I then make a settings adjustment if I see it's not just a fluke error. I have now setup Gunbot to trade the way I would manually, which is to look for a pullback or market bottom and then sell on the rebound. When I first started using Gunbot, I took my time because I wasn't prepared to lose money. Not everyone who uses Gunbot succeeds but mainly because they have the wrong attitude, expectations, or haven't actually taken it seriously to sit down and learn... not because Gunbot doesn't work. Gunbot does work, but you have to understand the settings, what they do, how to have different settings for different coins according to volatility or price action/ pump and dump stage, market conditions etc. Early on I was eager to learn from some long time users of Gunbot and had my questions answered and I'm comfortable knowing it quite well and how to use it.

-I set my bots trading balance to use no more than 5-10% of capital on the exchange for  single trade, this is exactly how I would manual trade
-I trade very cautiously and have got Gunbot to closely mimick that, in that I tend to buy at the lower end of a long ish wick on a red candle where it's at the extreme of the lower bolllinger band and will rebound.
-I asked lots of questions and wasn't prepared to go live until I had them answered
-The bot is a better trader than me in the sense that I have automated what I do normally and it does it with consistency and without emotion.

Feel free to ask me any other questions, or send me a private message. I've been advising people how to integrate Gunbot into a trading strategy or make it work (see my contributions on the official Gunbot thread for more about what I know and how I use it especially the last dozen pages or so where I feature prominently).

https://bitcointalk.org/index.php?topic=1715214.2980

Amazon AWS is really slow and not up to scratch. Most people I know use Contabo or Vultr. Personally I use Contabo and am happy with them.

Thanks for the testimonial

Just as a note my support if you use my referral code "Macca" when buying the bot off Gunthar includes mentoring anyway, I also do it in a structured way as a real coach would do, and I will check in with people constantl. Joker8 asked me a tonne of questions on Skype and I gave him examples, I went through all the indvidual configurations on the master "Allpairs" (the Javascript file that controls all the settings in Gunbot folder) and I gave him specific examples on which coins I would use with what setting according to volatility and if they're being pumped and dumped, and explained what I do for pairs when it is going through pump and dump spikes (I explained my special folders setups).

My own telegram group and site will be live fairly soon, and I'll also be sharing things like some manual trading tips, risk and bag management, certain candlestick patterns, using the bot in semi-automatic mode amongst other things etc.

There are lots of 3rd party addons with Gunbot. It's quite a large community of people really who test and tweak it, and design standalone extra features to help you trade with it, if you look on the Gunthy forum there is a huge number of things being created by developers to improve trading with Gunbot.

>>But what is interesting is that it looks like there have been some updates from 3rd party developers for a bittrex GUI.

Is there a way to use the Ichimoku method with this? Someone I know is designing an Ichimoku bot and is interested in doing tests with Gekko.

I'm putting up a website soon about cryptotrading and some strategies. I use a combined Ichimoku/Candlestick method along with Stochastic, Bollinger band and William Vix indicators to look for oversold/overbought areas  but also use a bot, Gunbot of which many people on this forum use too. More about the latter in this thread here- https://bitcointalk.org/index.php?topic=1715214.0;topicseen

This is a very accurate assessment and what I've been saying all along.

I am completely upfront with my buyers and I will tell you the ins and outs of the bot, all the settings, what will happen if you tweak them and more, and how to protect yourself when the markets crash and the best ways to avoid bags. I won't promise a unicorn, but I have in depth knowledge about how to operate it best in different conditions, how to diffferentiate coinpairs to pick with what settings. Above all, I believe resellers really should be helping those who buy to succeed, and luckily a number of us do offer support without asking for extra.

In my opinion it is an excellent tool, but you have understand how it works to get the best out of it plus a bit about trading, and how markets behave in general. It took many of us weeks to figure out how to best use it, and it wasn't until I spoke one on one to some of the earliest and most experienced users I really understood it.

I recently conducted a 2 hour skype coaching session with someone (testominial coming soon) who approached (he bought off someone else who he said gave them virtually no help at all and was frustrated) me asking to teach them inside out about it and give them good strategy advice, so we spoke for real, hearing each other's voices and I condensed what took me about a month to learn into two hours plus a number of action points and continual advice, and checking in with them. (Note I am open to people who did not buy off me enquiring about a similar service but I have very limited time and my house is having the electrical wiring re-done so my availibility is limited)

Above all you need a realistic attitude. Success in any field is a marathon, not a sprint. There is nothing on earth which is just "Push a few buttons and make me rich"  but you can succeed if you have the right tools, mentors, attitude, patience, and willingness to learn and adapt. An olympic champion doesn't just train a few times, they practice, get feedback, reflect, ask questions, find out everything they can and live and breathe their sport. If they get a few disappointing results, they get feedback, find out what they could have done differently or how to prepare for a similar scenario. For a little bit of effort to learn how Gunbot works properly, and watch it carefully whilst being cautious at first and commit to learning more about the Crypto market and trading in general and then some ongoing monitoring it will pay off longterm, bigtime.

Hi all, special announcement- I've spoken to Gunthar and he has given me permission to warn people about a scammer posing as him- so a few words of safety.

There is someone posing as him on telegram who is scamming people, I do not know how many people he has tricked (it probably han't been many as it's just been alerted to us) we found out after someone said they'd paid Gunthar using my resellers referral code today and we saw his TX reference we found out the buyer was communicating with a fake Gunthar profile as the btc address was not recognised by him and Gunthar didn't receive the payment.

Please do not contact the "Fake Gunthar's" username which is @Gunthardniro (the scammer) the real Gunthar uses TG username @GuntharDeNiro note the scammer has changed one letter in his username and uses the same avatar. To be safe you could just keep all communicatons on here, or until you are invited to the Gunbot official telegram group.

A reminder that when buying a license- you can do it several ways. 1) Contact one of us resellers to arrange, we can forward the btc payment to Gunthar, 2) DM Gunthar on here, or using the correct TG username double check all the letters 3) Via an Official Gunbot listed website.

The person who lost his btc found the fake profile after doing a search on Telegram thinking he had found Gunthar. So to be safe check through the list of official resellers here on the Gunthy Forum- if you find a website offering Gunbot, cross reference it on the table listed here which has all our usernames listed plus any associated sites. If anyone offers a new Gunbot license, check their name is on the official list.

https://gunthy.org/forum/index.php/topic,1241.msg5949.html#msg5949

Please be vigilant, and patient- if Gunthar hasn't replied on Bitcointalk via dm it's most likely he's busy, he gets a lot of requests remember. Another thing I do is I ask for the tx transaction so I forward it to him after if I want faster confirmation so if you are arranging payment to one of us or him, keep a note of the TX code and link, keep it as a reciept if you like and a quick reference point.

I'll be setting up my own website later this week as well, plus a special Telegram group for all my buyers with advanced tips, strategies, knowledge etc that I have been mentioned in the thread so far, but we all need to be safe in this crypto world as there are a lot of sharks out there.

Stay safe and happy Gunbotting!

There are no guarantees what you will make a day, but if you go back through this thread there are reports of people doubling an account in 6-8 weeks in good market conditions, and trust me they are not making this up, but when market conditions change, you need to switch settings. One thing you need to understand is the settings you might use in a bullish market that will grow your account superfast will give you problems in bearish conditions right now, so some of us have multiple settings and for different pairs. Another example I'll give- there are Shitcoins that are blatently Pumping and Dumping every few days; compare say POT to XRP which the former is a pump and dump coin with low volume and latter is a stable-ish coin with big volume, and generally the price doesn't move as much- you put them in different categories with different settings. Again some of us spent the time to go through Coinigy/Trading View charts and profile a huge number of coins on an exchange and grade or profile them. Some users I know adjust settings according to the Average True Range (ATR) calculations.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:average_true_range_atr

If you buy from me I'll show you what you need to watch for and switch, I think switching settings every day is not neccessary, but switch when there is a big news announcement or it's clear markets ae about to tumble- e.g. during the China ICO regulation announcements and when that JP Morgan idiot Jamie Dimon attacked btc at his speech I knew there would be a negative knockon effect, so I increased my buy level and it worked, pulling off some brilliant trades, whilst others were complaining about bags. You need to kind of mix what pro traders call fundamental analysis (real world events, politics, regulation) with Gunbot to get the best results. There will be people that just dive in and think they will be a millionaire by just turning it on and leaving it, but us advanced/exprienced users know it's more complex than that.

I used this analogy earlier on in the year- say if you were given a Formula One or Indycar to drive- you need to understand a few things and drive slower and cautiously at first before you can get the best results and drive at a high speed without crashing into the wall- what all the functions are, how it responds to changing suspension, wings, engine, gears, what compound of tires to use on different tracks. Gunbot can be like that, but once you do, you essentially have a potentially very powerful money printing machine that works 24/7.

You have to adapt settings to market conditions. My bot made some really good buys whilst the market was crashing- also because by default I have my settings set so that it usually makes a buy at the tip of long wick of a red candle- and sells on the pullback- so essentially I have setup Gunbot to mirror how a countertrend trader would buy and sell.

Professional traders refer to this as a looking for a a buy at the bottom of a hammer pattern (this is a key reversal candle). I can explain this to anyone who buys off me as I am a reseller (I have already coached a few people in detail how to set up Gunbot and what to look for- and then many have decided to mix and match using what I taught them) there isn't a one size fits all method with Gunbot in general, though I have devised a system which is as close to that as possible (though it does require monitering of markets and quickly changing if market conditions shift)

For example a few of us advanced/experienced users sat down to profile coins according to 

1) Volume
2) Volatility
3) Average true Range (ATR) which is a numerical measurement of volatility

I have put my coins into 4 seperate folders with four different master settings. I also have a special folder for coins being pumped and dumped though in most cases group 3 and 4 have settings good enough to handle these coins anyway. I'll give you a specific example e.g. create a special dump folder set your bot to Stepgain buy, 30 minute candles, increase max latest prices/trends and set 3 buy levels buy level to 7, 7.5 and 8. That is usually enough to handle all but the most extreme of crashes. I have only seen my bot pickup a long term bag twice on those settings, and those coins were being dumped with the biggest red candles I've ever seen in my life.

I also have another really advanced method which is to sometimes move coins to different folders according to what stage of the "Price Action" phase Cycle they are in. for those of you who don't know what Price Action is, essentially it's that every stock, coin, security etc has four phases- consolidation, accumulatation, distribution, decline. Eg. the end of a pump the coin starts to waver (distribution) and then it will crash (decline) if you have buy level settings which are too low you can pickup a real nasty big bag, I know exactly how to minimalise the chances of this.

DM me if you want to know more.

Hi Mike,

I've been watching KORE on BITTREX and Coinigy for a few weeks or so now as I noticed a few spikes, I did think this was just a PND shitcoin before reading this thread but I'm glad to hear the project is turning around and gaining some traction to give it soem legitamacy. I have a stash of KORE now, best of luck!

This should not happen at all, are you using a new version? Use 3.3.2 as it is the last stable version and the one Gunthar will send you when you buy it.

Sometimes Gunbot will make a double buy but it will average out the price, but I use gain/stepgain for my buy/sell settings. I have never used BB settings so can't comment, I know some people have experimented with using a - figure for BB, e.g.-5 if you did that it would buy outside the bottom of the lower band for a really low price, and if you used a -number for sell it would in theory sell at outside the upper end of a spike.

Here's a really useful link from a very clever GB user Chuck (we both started around the same time and we chat a lot and trade tips, experiences) who has visualised how BB works on Gunbot via Tradingview.

https://www.tradingview.com/script/OZeGGswT-Bollinger-Bands-Explorer/

This is his visualisation of how Stepgain works.

https://www.tradingview.com/script/gZLCg3Yq-EMA-Envelope-Stepgain/

I've just been coaching someone on all the settings on detail, we had a 2 hour Skype call where I explained a tonne of info like this in detail.

Also when the market looks like it's about to dip, e.g. whenever say China announces it's gonna ban Crypto, ICOs or whatever, I switch my settings to more cautious e.g. higher buylevel. With BB lower the lower band's number.

As I said I do not offer a discount because buyers using my code will be getting access to my knowledge. I'm not looking at offering coaching to too many people because I don't have the time, but once I get a moment I will make a video on Youtube explaining a few things about Gunbot's functions, to make it easier for newbies so watch this space.