Introduction to Gunbot
What Is Gunbot?
Gunbot is one of the most popular and established crypto trading bots in the world. Designed for both beginners and advanced traders, Gunbot automates the buying and selling of cryptocurrencies based on pre-configured or custom strategies. It supports a wide range of exchanges and offers a vast toolkit for users looking to optimize their trading without having to stay glued to the charts.
Unlike some cloud-based bots that require you to trust a third-party platform with your funds, Gunbot runs on your local device. This means your API keys stay with you, offering a higher level of security and control. Once installed, Gunbot connects to your preferred crypto exchange using API credentials and starts executing trades based on the logic you’ve set.
The name “Gunbot” has become almost synonymous with crypto automation, thanks to its reliability, strategy flexibility, and active community of users who constantly refine and improve it. Since its launch in 2016, it has helped thousands of users automate their trading, avoid emotional decisions, and make use of market volatility.
Who Uses It and Why?
Gunbot appeals to a wide audience:
- New traders: People new to crypto who want to automate basic trading strategies without manually monitoring markets 24/7.
- Advanced traders: Those who want to backtest, fine-tune, and deploy custom strategies across multiple trading pairs.
- Passive income seekers: Users who want to set up a bot and let it trade for them while they focus on other things.
- Professional investors: Asset managers and crypto funds use Gunbot to scale their trading operations with consistency.
Ultimately, Gunbot is for anyone who wants to leverage the power of automation to profit from crypto market movements—whether that’s through scalping, trend trading, or grid strategies.
Key Features of Gunbot
Strategy Automation and Customization
At the heart of Gunbot is its strategy engine. It comes pre-loaded with numerous trading strategies such as:
- Bollinger Bands – Buy when price hits the lower band, sell at the upper.
- Gain – A simple profit-percentage-based strategy.
- Ping Pong – Set fixed buy and sell levels to trade within a range.
- StepGrid – A grid strategy that performs exceptionally well in sideways markets.
Gunbot allows you to customize these strategies to suit your trading style. You can adjust parameters like trading pairs, buy/sell thresholds, stop-loss limits, and trailing settings. Advanced users can even create their own hybrid strategies, combining different technical indicators like RSI, EMA, MACD, or Stochastic.
This level of flexibility is what sets Gunbot apart from simpler bots on the market.
Supported Exchanges
Gunbot supports more than 100 crypto exchanges, including:
- Binance
- Kraken
- Coinbase Pro
- KuCoin
- Bitfinex
- Bittrex
- Poloniex
This broad compatibility makes it easy to switch between platforms or trade on multiple exchanges at the same time. API integration is straightforward, and most major exchanges allow seamless Gunbot connectivity.
User Interface and Setup Process
Gunbot has significantly improved its user interface over the years. The newer versions feature a clean web-based GUI that makes it easy to navigate settings, monitor trades, and tweak strategies. It also includes real-time trading logs, portfolio overviews, and graphical performance tracking.
For those who prefer more technical control, the config.json file can be manually edited to apply advanced tweaks.
Setting up Gunbot involves:
- Purchasing a license and downloading the software.
- Installing it on your local machine or VPS.
- Connecting your exchange via API.
- Selecting or customizing your trading strategy.
- Launching the bot and monitoring performance.
No programming skills are required, but those with coding experience can go even deeper with strategy scripts.
Backtesting and Simulation Tools
Before going live, Gunbot lets you simulate trading with historical data using its backtesting tools. This is incredibly useful for testing the profitability of a strategy before putting real money on the line.
Backtesting provides metrics like:
- Win rate
- Drawdowns
- Profit factor
- Sharpe ratio
You can test how a strategy would have performed over weeks or months of historical price data. This helps eliminate guesswork and provides confidence in your setup.
Gunbot also offers paper trading mode, where the bot executes fake trades based on live market conditions—ideal for testing strategies without risk.