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Home Crypto Trading

Gunbot Review: An Unbiased Crypto Bot Analysis

by Myfxtools
May 12, 2022
in Crypto Trading
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Gunbot Review: An Unbiased Crypto Bot Analysis
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Gunbot claims to be the ultimate automated system for digital currency trading. It lets you automate your trading process and establish a steady source of passive income. It is compatible with some of the most well-known exchanges and has a dedicated Telegram group.

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How does this crypto bot work?

This system has predefined trading strategies that it uses to place orders on autopilot. You can customize the trading style based on your requirements. All you need to do is to install and configure the bot and add the assets you wish to trade with. This platform is compatible with Windows, ARM, and Linux. 

There is an affiliate program through which you can earn commission from the sales you send to the organization. To get your license activated, you must create an API key for connecting to an exchange.

Getting started with Gunbot

The first step is to select a plan. After the purchase is completed, you will get an email asking for the API key. As such, you need to log in to your exchange and create an API key. Following that, you can select one of the various strategies and get started.

Company information 

Unfortunately, there is no information on the parent company. We don’t know where the company is based and the vendor has not revealed the identities of the team members.

Features of Gunbot 

Here are the key features of the system:

Customizable strategies 

This platform is capable of executing some of the most advanced strategies. The strategies can be combined and you can even customize them as per your preferences. After you choose the strategy and the pair, the bot will execute trades 24/7 automatically. 

User-friendly design

Gunbot features an intuitive graphical interface. You can easily check the value of your portfolio, the charts of all the pairs, your recent orders, the balance for each coin, and other useful data. Pro traders can make use of complex indicators, dollar cost averaging down, and reversal trading.

TradingView addon

Thanks to this feature, you can access TradingView signals from other traders. By selecting a reliable script, you can prompt the system to check for signals in your email every now and then.

Strategies of Gunbot 

There are several reliable strategies used by this system such as TSSL, TSA, Stepgain, SMACROSS, Ping Pong, MACDH, MACD, Ichimoku, ADX, ATRTS, BBTA, EMAspread, Bollinger Bands, etc.

Pricing, fees and commissions 

There are three pricing plans for a lifetime license, namely Standard, Pro, and Ultimate. The prices for these plans are ฿0.0075, ฿0.0105, and ฿0.0175, respectively. With the costlier plans, you can trade on more exchanges simultaneously. The plans are not very affordable but there are no added fees.

Deposit requirements 

This platform does not have permission to conduct deposits and withdrawals. 

What exchanges does Gunbot support?

The compatible exchanges include CobinHood, Huobi, Cex.io, Kraken, Poloniex, HitBTC, Kukoin, Coinbase Pro, Bitfinex, Bittrex, Bitmex, Binance US, Binance, and more.

What languages does Gunbot support in their product? 

This platform supports Spanish and English.

Can you really make money with this bot?

There is no guarantee that you can make money with this bot. Profitability depends mainly on the market conditions and the trading strategy.

Advantages of Gunbot

  • Large number of supported exchanges
  • Affiliate program
  • Predefined strategies 

Disadvantages of Gunbot 

  • Expensive plans 
  • Lack of vendor transparency 

Customer support 

Support is offered via email, Telegram, live chat, Whatsapp, and Skype.

User reviews 

User reviews for Gunbot on Trustpilot.

On Trustpilot, users have praised the responsiveness of the support team and the performance of the bot.

Who is the Gunbot suitable for?

This platform is better suited to experienced traders since you need to make payments in crypto. The TradingView signals also require some expertise to execute.

Gunbot summary: is it worth going for it?

While this platform has expensive plans, it does offer some advantages. Very few trading platforms support so many exchanges and offer such a wide variety of strategies. The support team is extremely active, but we don’t know much about the developers.

  • Features: 7/10
  • Ease of Use: 7/10
  • Fees: 7/10
  • Support: 8/10
  • Price: 5/10
  • Payments methods: 5/10
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