I just dug out my old Gunbot license and started to play with it again -- it was too complicated for me when I bought it from Gunther a year ago. I will have more time now to study it a bit closer. Do you have any simpler bots to try out?
I forgot to reply to this,
If you plan on using the Gunbot, i highly recommend using the linux version of the latest build, The windows build was very unstable for me no matter which machine i ran it off of..
In regards to using Gunbot to trade, i only use it to trade 2 pairs... I found it very difficult to control when trying to trade a lot of pairs, due to how much of a delay the bot gets the more and more data it has to compute as you add additional pairs, i found 1-2 pairs resulted in the best results in the bot reacting quick enough to trading, otherwise you have to loosen the settings a lot for the delay in the bot to trade, which places you at a higher risk in loosing money...
I have it trading BTC/USD on GDAX as a beta tester currently for the upcoming release
I have it trading NEO/USDT on a 2nd Binance account, as i want to accumulate NEO, so i have it setup as NEO as the primary, so it holds NEO all the time and collects GAS still. It is setup to trade the dips in a very conservative manner, since NEO has very little volatility compared to other alt coins out there, so this setup only trades a handful of times a month, otherwise it sits watching the market for a position to trade collection GAS. I periodically check this account and remove profits to my Nano S wallet so its safe to store and collect GAS.
in regards to using it, i highly recommend you setup like 10+ levels of doubleup, the market has been sooooo volatile its not unheard of to see a 10% drop in a coin in a single day, even BTC moves this much currently... So me personally i have my setup to doubleup every 1% for both coins i use on this bot...
Example:
Starting Balance 2.05btc, i wouldnt trade with anything less than 2.05btc if your going with the 10 step doubleup method like me, because the min trade amount is 0.002, so if you buy into a position via gunbot and your settings possibly place you in a spot just before a big whale dumps a huge load of BTC, then your stuck holding your position for days to months tell BTC recovers to a level you can make a profit. I go by 1% personally on all my bots that use doubleup, because it gets into a position and out of a position very quickly, usually within a single day im in and out of the trade. I found trading lots of small positions added up over time to more than holding a large position and wishing for a day to come for a profit.
If you start with 2.05btc and use 10 levels of doubleup, that gives you a trade amount of 0.002002 on your initial purchase, taking you to 2.002btc when doubled up 10 times. I personally trade high profits on my BTCUSD pair and im still able to get out of trades within a day in most cases...
Example:
Bot buys in 0.002002btc worth
BTC drops 5%, so the bot doubled up 5 times putting you at 0.064063btc position,
lets say your profit margin target is 5%....
BTC raises back up 6% from the dip, your bot sells at 5%+trading fee
you end up walking away with 0.003203 in profit in a single trade
Example of a trade i had...
March 13th, bot purchased in a oversell position @9,000 price....within 24hrs the price dropped to $7450, a 17.3% drop in value.... My bot doubled up 10 times from the massive selloff, putting me at 4btc position, but March 19th it was able sell for 10% profit of 0.4btc...
Yes the bot makes hundreds of trades for 1-5 dollars profit only, but occasionally it catches one of these whale dumps and recovers and you make a nice penny back. I believe in bitcoin enough to wager that much money in a trade and if i would have never had 10 levels of doubleup, then i would have never been in that position to make 10% off of 4btc, as btc starts to recover and value of it starts climbing back up to 10k, personally i am going to add additional levels to my bot past 10, but its very difficult to do because it requires you to have more btc as it increases pretty quickly or you have to drop your initial trade position and still stay above the min trade limit.