The cryptosphere is replete with poorly executed platforms, projects and software. But amongst these offerings, small gems appear that are really worth checking out. And GunBot is one of those offerings that stands out as something quite special. GunBot is a cryptocurrency trading system that you run on your local machine. It uses the API into your favourite broker and uses the incredible TradingView chart Library. Check out this sneak peek post into what it’s all about.
Why you should take a look at GunBot?
What I like about this trading bot is it connects to all my favourite exchanges: Binance, Poloniex, Cex.io, Bittrex, Kraken, Bitfinex and Cryptopia.
It works works on Windows, Linux and Mac. Not only that, but it’s really easy to step up. Setting up involves downloading the software and getting a free API key for your crypto broker’s server. As it runs locally, you basically are running a small web server and using your browser to access the software.
I’d personally run in on a VPS to avoid issues with downtime effecting your approach and earning potential.
These guys have a great community and support. There are more than 4000 active GunBot traders which is a testament to its popularity and applicability.
Does it make money?
Well, this is down to you and how you use it. There’s profit to be made for those willing to learn and take a risk. Above and beyond profit, there’s the opportunity to develop your understanding of financial markets and how to make them work to your advantage. And this is why I love crypto!
You will need a basic understanding of technical indicators used on market trading platforms, but that is a short learning curve. There are a great many sites that explain these effectively. Here’s one I like – sharptrader.com – which offers a range of technical trading videos.
Wrapping it up
The developers have done a great job with this piece of software. If you want to give it a shot, head on over to the GunBot website and get involved.