Topic: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥 - page 19. (Read 508117 times)

I'm a noob, but going to buy gunbot for sure.

I'm sincerely sorry for asking questions which I'm sure have been answered somewhere but ... trolling through 189 pages of this forum is uh ... daunting.  So if anyone could point me to the right resources to read about the questions i'm about to ask (or just answer them themselves) I would be extremely grateful.

I found that the reputable license sellers can be found here: https://gunthy.org/forum/index.php/topic,1241.0.html  (I hope?)  Are there any in paticular or it doesn't matter which of them I choose to buy from?

What is this TradingView addon and what makes it so valuable that the licenses price jumps from 0.08 to 0.15 BTC?  I'm willing to put down the money that's needed to get the most out of this bot, I'm just not completely familiar with trading view.  Will tradingview work in Canada, or is it a US only service?

From what I'm reading (and again I'm noob and suck), this cryptosight looks like it's similar in that it offers profit displays and other trading info, how is tradingview any different?  Doesn't it do the same thing?  Clearly I'm missing something lol.

I want to setup a VPS to run this off of, I have a general idea how to setup a VPS but are there any already written tutorials around on how to set one up to run Gunbot on?

Again I am very sorry for asking questions that I'm sure have been repeated multiple times, it's just that reading through this thread is like reading chinese to me right now given how little I still know, so if you can point me to where in the thread these questions answers can be found, or just give me your own answers to them I'd be very grateful.

I look forward to trying out Gunbot now that I actually have enough BTC to buy it, just want to make sure I set it up and deploy it correctly.

Hello Sabine -

I'll do my best to help answer your questions.  There isn't much information published about the "emotionless" strategy - as you've probably read in the official wiki:


I can touch on these parameters some.

TRADING_LIMIT: this doesn't have a hard and fast rule, but rather some guidelines.  I recommend new traders start slow, like you did and use very low amounts.  This will be affected by how many pairs are run, and if Double Up is used (see below on this). 

GAIN: This is also known as "minimum acceptable profit". Since the details of emotionless are hidden from us, all we know about this setting is "optionally we can increase this some".  It is expected that the higher we set this, the more aggressive we make Gunbot, making it wait longer to sell, and risking more.  The lower you make it, the more likely it is to avoid bags, since it will dump the bag more quickly instead of waiting to gain more profit.

A quick note on number of pairs -- the more pairs you run, the longer it is between each run for a pair.  If you have 60 pairs, then it will be twice as long before each run of BTC-LTC than if you have 30 pairs.  This means price movement and price action may or may not run in your favor during those "winks of checking the price" every 3.5 minutes, or every 7 minutes, or depending on your computer speed, complication of strategy, and BOT_DELAY (or possible errors), maybe even longer. 

Also, The more pairs you run, the more you would want Gunbot to search for "dips" and "coins on sale" but emotionless doesn't have the features to do so it doesn't have TRAIL_ME, or "RSI indicators" or Bollinger Band or any of the other things that would help it find a better deal.  Be mindful of this -- if you're approaching a large number of pairs and running a large budget - chances are you have enough money to just upgrade to Gunbot Standard anyway and eek out a larger percentage of profit by running a more profitable strategy that finds better dips and can ride the price or the trend upward.


One problem that comes from making changes like this, from one week to the next is -- there is no control.  The week with the low profit could have been a horrible week and the week with the 4x profit could have been a bull run comparatively.  The proper way to actually compare those settings would be to have two accounts, with identical pairs and identical settings and only change those specific settings, and then let them loose.  Imagine the settings from last week compared to this week?  What if you had changed your settings yesterday to GAIN=0.6% and moved your budget down - with the bull run we just had, one might assume it was a lower GAIN that caused the profit.

Also, it is important to clarify how you are measuring profit.  Are you looking at portfolio value at the exchange?  USD? BTC?  Or are you looking at net BTC profit per trade? Are you looking at what Gunbot reported in the logs (anticipated profit based on what Gunbot assumed profit was from limit order placed), or in the Telegram message?  Or are you looking at the actual exchange placed orders, and throwing FIAT out the door?

(snip)

When emotionless first hit the streets in Gunbot v7, Double Up was included as an option.  It was also available in v8, and then removed in v9.  It is expected to return as an option in V10 - note that this is only an anticipated option based on beta testing so far, and until V10 is released, we will not know for sure.  I do not speak for Gunthar or Gunbot in any way.


As mentioned above, emotionless is about riding crypto waves without spending time configuring things, so you are correct that if you're worried about tracking volatile coins, then you're spending time configuring things.  You do not need to track regular volatility to take advantage of emotionless trading.  You would do well, however, to try and start off with generally volatile coins - ones that have the following traits:
- staying power
- medium to high volume
- sawtooth pattern (volatility) and not hockey stick
- in the news a lot with some controversy, but overall positive trend
- listed on several exchanges

Probably more important, however, is YOUR staying power.  Gunbot should not be measured in profit per day or profit per month.  Crypto cycles do not work like that.  Gunbot cannot control the market, and Gunbot cannot control a coin's value.  Gunbot allows you to take advantage of a coin's gains when they happen.  If a coin does not gain in value, there are ways to deal with that.  https://gbu.run/bags describes some, and it appears you're already familiar with a few if not all of those ways.

Emotionless has the least amount of flexibility and requires the least amount of upkeep.  Therefore, it has the least amount of average return.

I mentioned this in a previous reply, but I recommend Gunbot users look at Gunbot's performance in terms of three things:

  a. Maximize Number of Trades per day
  b. Maximize Profit per Trade
  c. Reduce Risk per Trade

It's difficult to juggle all three of those, because as you do one, it hinders the other two.  For example, the more profit you go for, the more risk you incur, and the fewer trades you make.  The less risk you take, the fewer trades you make.

As you know, emotionless has essentially no tweaks to make other than GAIN, so really, it's about just getting your feet wet, getting into the market, and getting ready and finding out if getting to the next level is right for you or not. 


I'm very happy to hear about your investment - most people I hear about that are frustrated with Gunbot simply had their expectations set incorrectly (they were promised returns by someone - noone should ever do that - a promise of returns is a sign of a scam), or they got greedy (that's their own fault), or they were gambling instead of trading, or they decided to trade with the rent money, or they made mistakes and instead of blaming themselves, they needed someone else to blame it on - blame it on bitcoin, blame it on a politician, blame it on China, blame it on Gunbot...  blame it on anyone but themselves.

May your trades ride the next bull run,
Professor Wally @ Gunbot University
gbu.run/ref/wally for more info
Earn. Learn.  Don't Get Burned.
Be A Student, Not A Follower

Thank you for all the answers! This is really helping and i may try double up strategy.

May i ask you what your settings are?

When i look over your trades you earned sometimes more than 6%! This is huge, did you change your Gain value over the day?
If i set Gain to 0.7 then my bot sells with 0.7% profit most of the times, if its a good market it may sell for 1.0xxx% profit but this happens rarely.

Thanks for your help @cryptonauta!

Recent GTO trades with Emo

https://i.imgur.com/CKpT00w.png

Hi, Sabine

Leaving the 'expert' term behind, I'll try to answer your questions and doubts


I cannot say for sure how your trades happened, but my guess is that only some pairs are making most of the trades.

In a situation like that, only a small fraction of your total capital is being used (which is not a bad thing for some trader profiles). For example, having 1 BTC to trade, 20 pairs, 2% on each (0.04 BTC). With 20 pairs, trading with Emotionless and ~1% gain per trade, we'd have:

0.04 * 1% = 0.0004
0.0004 * 20 = 0.008

Meaning that, in a whole day and making 20 trades, the result would be 0.4% of your total capital.

My suggestion for that would be to make a better pairs selection (even if meaning less pairs) and to increase TRADING_LIMIT according to the coin you are trading. Some of them allow 'safe' scalps with higher trading limits, others don't.



DU is appliable to Emotionless. In newer LT versions, you can use it normally. Contact your reseller to get the latest version.



Volatile coins have a big fluctuation, but can Emotionless get that high spread generated? Ofc you can trade with smaller (or even exchange's minimum) trading limits to check for yourself, but as you said, the monitoring would have to me more frequent, considering that everything that pumps, dumps... DU is still an alternative, but imo stabler coins are more suitable for Emo strat.

I got some questions for the emotionless strategy, since i cannot find much information in the wiki, youtube, telegram, discord, etc.
I know this is no forum to ask questions, but i just cannot find other users using emotionless strategy.

General settings are:

TRADING_LIMIT 1% of your budget (I increased this one to 2%)
GAIN 0,6 (I increased this one to 0,7%)
Pairs recommended 15 (I added 5 more because of my bags, i am botting 20 pairs. But because of my bags i am botting about 14 pairs)

The first week I made on average per day about 0,074% profit with about 13 full trades per day (buying and selling).
So i changed them slightly.
With my changes i make about 0,33% profit per day with about 25 full trades per day (buying and selling).

If I think about the results other people got with emotionless and that this strategy is suited to be profitable in bull and also bear markets, i really wonder what are they doing different?
I mean with this strategy there is not much room to change and modify the bot.
Even if i would not hold those bags i currently have (about 6), i would not be even close to the 1% per day.
I know about all the ways to handle bags, sending them to another address or to sell them with a loss (no fan of that, and will not do so).
Most of the tips and wiki posts are not really useful when using emotionless.
You just cannot modify your settings enough to get rid of your bags (double up, RT etc.).

Another big question is about the volatile coins. It is said to use volatile coins since gunbot "eats volatility and spits out profit", but is this really recommended for emotionless? Adding volatile coins means managing your bot on a regular basis, this is contradictory to all the headlines about emotionless. It is said that with emotionless strategy you earn your daily profits without managing your bot and also you shouldnt modify and interfere with its work.

So is adding volatile coins also recommended for emotionless strategy?
How can other people claim to earn 1% profit with complete standard settings?  
How many pairs are you botting?
What is your Trading Limit as % of your budget?

Of course you can increase your Trading Limit to 10% of your budget, then you will be near the 1% daily, but this is way too risky if you want to trade on a longterm basis and conservative.

It is important to me that you dont get me wrong here. I am really happy with my investment, i learned over the last few weeks so so so much. I dont regret 1 second of my time spent i have so damn much fun . Before upgrading my bot to have access to more strategies and settings, i wanted to ask experts about my current version.

As I said:

---

---

I think we can move from this bearish momentum if ETF/CBOE matter closes positively. I'm faithful, previous ETF applications were denied because lack of structure and reliability, CBOE seems to meet requirements...

From what i understand reversal trading is buying more when price goes down.. this is totally not what i mean.
You can short on touch of EMA's 20/50/200 with stop loss above - just an example.

Can bot do it? Not sell, but short using margin. Selling previously purchased asset isn't shorting.

What do you think about current market tendency?

Well after reading the thread , i am very much interested to hop in
Messaged you in telegram to discuss before jump in

I think 100% of bots "know" what you know and what you tell them to do. So if you know how and when to short I might be interested as well.
Gunbot is coded to trade in bullish, bearish and sideway trends. In the picture below you can see Gunbot performing Reversal Trading during a downtrend to accumulate quote rather than base


About margin trading, instead, you can use short/long with TradingView plugin, building your own strategy and having Gunbot to execute it.
Hope it helped.
Gun

Does this bot know how to short? Like on bitfinex?
Or is it totally unprepared to bear market? Like 99% of bots?

I can confirm that it is no issue to just take care that the key is changed and the bot works again.

Binance announcement about their massive reset of user's API keys, affected GUNBOT users too: please contact your reseller to have your api swap completed.
We smoothly swapped about 70% of our Binance users today, thanks to our sales and support team!
Gun.

nice job Wally, Gunbot University has always been something I been proud of. Looking forward to upcoming v10 of Gunbot with Kucoin exchange, 2 ways trading (accumulate base or accumulate quote) and a lot of improvements and bug fixes.
Cheers.

Note: “Wally of text” incoming, but it might help you a lot.

John, Gunbot University (GBU) is one of Gunbot’s authorized resellers and offers a complete preconfigured hosted and preinstalled package for Gunbot LITE, Gunbot Standard, Gunbot Pro and Gunbot Ultimate. All of the resellers offer Gunbot and are required to offer support in helping you get your bot running, but where GBU differs is we hand over a working bot to you, preconfigured, ready to go - you just add your API keys, pairs and budget.   

For Gunbot Lite specifically, our three month VPS hosting pack is a convenient option for new Gunbotters. https://gbu.run/litepack/ref/wally gets you Gunbot LITE, three months of VPS hosting and three months of Associates membership at Gunbot University (GBU). GBU installs and configures your Gunbot for you, and hosts it. All you need is the exchange account, and specify a budget.

Gunbot LITE only supports one strategy - emotionless - so I’m not sure what value a 4-config pack would have. It also only supports one exchange. 

When you’re ready to upgrade to more strategies or exchanges, you can use the 0.02 BTC you paid for Gunbot LITE towards the purchase to any of the other Gunbot versions - Standard, Pro or Ultimate.  We at GBU help you learn more about crypto and Gunbot so you’re ready when you upgrade. 


I cannot speak for this “4 config pack” as that is not an official Gunbot product (each reseller has their own value added services they may offer, such as GBU does with our VPS hosting, weekly Gunbot webinars, Slack community and easy Affiliate program. 

Also, some expectations must be set appropriately.  Anyone who promises you a return of profit is either confused or scamming you.  Both of those situations is scary for you.  Cryptocurrency and botting is NOT about a promise of return. Gunbot is NOT a guaranteed return or profit on your portfolio.  Crypto trading is not gambling, and botting is not some secret club where a magic configuration delivers a perfect result in every market for every coin on every exchange for every person’s risk profile.

What Gunbot CAN do is trade the market that exists.  It can do so when you sleep.  It can do so without your emotions getting in the way. It can follow the rules you specify and take advantage of well tested and highly advanced trading techniques to maximize entry points for buys and exit points for sells. 

It is a tool that helps make profitable trades based on your BASE currency. It cannot control bitcoins price. It cannot control the market.  It cannot control the order book.  It cannot control your portfolio.  It cannot control your daily profit. 

It CAN influence how many trades you make per day. It CAN influence how much profit you make per trade. It CAN influence how much risk you take in terms of how you react to bags and how long you wait to sell. 

Frequency, Profit, Reduced Risk : pick two. 

If you can take all of the above in and still be good with measuring Gunbot on its performance of how it does with trades and not measuring Gunbot on how the entire crypto market is performing, then you will love what it can do for your portfolio.  You will see Gunbot delivering anywhere from 0.6 to 20-30% returns per trade, depending on your settings.  You may get a few to hundreds of trades per day, depending on your settings and siversity.  Then apply your budget and the rest handles itself.

At GBU we don’t provide a magic config.  We start you off with a proven working config based on your risk profile (conservative / medium / aggressive) and then we teach you how to adjust it to the market, and your particular goals. 

But with Gunbot LITE, it’s an entry level bot and doesn’t have any configuration options, so those extra tweaks aren’t needed until you upgrade to Standard or higher. 

If you’d like more examples of GBU content, read on below for free tips and links to some of our articles

—-

1) Have an open mind
There are a lot of fantastic, fun, helpful volunteer in the official Telegram group and forumss.  Don't expect too much of them and don't push them for more than what you'd be expected to give a stranger for free.  Especially when it comes to money things.

2) Start slow.  These are money things we're talking about
So you just got a magic internet money printer.  You've heard about this guy making 130% and that other guy making 250% and another girl making 700%.  So you want to put all your money in because surely you can eek out 40%, right?

WRONG

What you hear are others telling you fish stories.  They only brag about the wins, and they embellish. Nobody tells of the losses.  Few people want to wax poetic of the tens of thousands they lost gambing their mortgages and running up credit card bills on crypto.

3) Invest your own time. It's worth it.
How many things do you have in your life that you got that came easy?  Do you have a degree that was easy, and it's truly fulfilling?  Do you have kids that were a breeze and they satisfy your life in amazing ways?  Or do you find that the things that you invested time into are the things that pay off the most?  Don't expect Gunbot or crypto to be any different than anything else in your life.  If you want someone to hand you an "easy button of sick gains" then expect to be "TOTAL REKT" in a week.

4) Yes, Gunbot can make a lot of profit. 

5) Gunbot works on Base Currency returns, not Portfolio returns
The sooner you realize this and appreciate it, the happier you'll be.  Do not think in terms of daily return. Do not think in terms of "how much % per day will I make?"  Do not think "how much $$ will I make"  Kiss your $$ goodbye.  Gunbot doesn't deal in $$ if you work with BTC-xxx pairs or ETC-xxx pairs or USDT-xxx pairs.  So stop looking at coinmarketcap.com and using USD at the top.

You need to look at Gunbot's performance in terms of three things:

  a. Maximize Number of Trades per day
  b. Maximize Profit per Trade
  c. Reduce Risk per Trade

It's difficult to juggle all three of those, because as you do one, it hinders the other two.  For example, the more profit you go for, the more risk you incur, and the fewer trades you make.  The less risk you take, the fewer trades you make.

6) Test Test Test

Use "safe" settings that don't get you into too much trouble, and don't engage too many coins.  You shouldn't be in too much of a hurry. If you are, check yourself into the FOMO General hospital for a few days.  Seriously.  Slow your Roll a little.  Your first day, do a MAX of maybe 4 coins.  Get to know the bot. Understand what it means to buy, sell and bag up.  Read.  Consume articles. GBU has some for free (see below). Subscribe if you want more. Yes, this is my sales pitch. Do you do things for free?

When you try out new settings, don't go all wild on all your coins.  Try it out on just one.  Or if you do go wild, at least understand you're taking your own money into your own hands, and it's not Gunbot being stupid or wild.

7) Diversify

After you get used to things, you really should be spread out as much as your money and time can handle.  You should not be locked up into one Exchange, one Currency, one set of coins... You need to be all over the place, covering as many bases as possible so when the bear markets hit, in different types of sectors and coins and exchanges and governments, you are covered.

Be careful.  You get what you pay for.

Free advice can be dangerous.  Be mindful of someone willing to give you something for free — if you're not paying for the product - you are the product.  There are scamsters everywhere.  Most everyone here is anonymous.  If you ask for settings of a bot and someone gives you some, what do you know about those settings?  Or if  you ask "what's the best way to do

• " and someone happily tells you how to do it, how do you know if that way benefits you, or benefits them?  What's the motivation for that random person, who is here also to make money, to help YOU make money as well?

"Stop the bot" - that's my favorite advice.(sarcasm)  Of course someone wants to tell you to stop the bot during bear markets.  That's one of the best times to buy the dip, when all the sheep are panic selling... so of course the wise, prudent, emotionless people WANT you to turn off your emotionless bot so it will stop buying up those precious, tasty coins that the clueless newbies are all selling off as panic sets in. 

Me?  I keep my bot running because I didn't give gunbot all my capital  in the first place.  I use Double Up and keep Gunbot on a budget.  I monitor my Gunbot regularly and don't let it feast or die.  And when the bear markets hit, the new people are selling off their panic and my Gunbot eats it up like candy.  It may sound mean, but boy, their tears taste sweet to my Gunbot, buying those coins at the extreme dip (thank you, Gunthar and your Trail Me feature!)

If a lot of this is too much, or you have problems getting Gunbot even running, GBU has your back - we offer starter packages where we can sell you a Gunbot license with everything installed, running and configured, same day.  If you already have Gunbot but just need it hosted, configured and installed, we have that too.

If you need training, we have several packages available.  For example our Bachelor program has weekly live sessions that are at least an hour long.  Our Master program has that plus 1:1 private instruction.

gbu.run/ref/wally for more info

here are some articles for some samples of our work

gbu.run/volatility/ref/wally
gbu.run/mfi/ref/wally
gbu.run/bags/ref/wally
gbu.run/limits/ref/wally
gbu.run/bnb/ref/wally
gbu.run/guiport/ref/wally
gbu.run/askprice/ref/wally
gbu.run/telegramgetUpdates/ref/wally

Gunbot University
Earn. Learn.  Don't Get Burned.
Be A Student, Not A Follower

Hi John129, it's Aitor, owner of https://gunbot.shop
Regarding your questions: The earnings you can get with Gunbot are not fixed, I mean, it depends on the settings you use, the pairs you trade with, market conditions etc... We can help you with installation and configuration. On the other hand, note that if you purchase Gunbot Lite, you won't be able to use customized settings because Lite is only able to execute "Emotionless" strategy. If you have any question, you can contact me via Telegram: @AitorRuiz

 I can help you get the lite version plus I (and many other master dealers) would give you free support and help you with your setup for your configs.

 I will help you with install and configuring for free, you don't have to buy anything.

 Your deposit doesn't matter as much as the strategy and definetly the market. On good markets you make enough to think about buying your own island, on bad markets... well not so much.

I think what you asking is some service that some reseller website is offering. Just be sure to buy from one of the authorized resellers, to not get scammed.
The original list is here https://github.com/GuntharDeNiro/BTCT/wiki/Resellers

Hi,

i plan to buy the Lite version plus Premium support and 4 config Pack.

so with Premium support package, will you install and cofigure the bot for me??

with the 4 Config pack, with conservative strategy how much i can earn daily as profit with $500 deposit and using my whole deposit $500 on each trade?

Thanks