Topic: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥 - page 200. (Read 508402 times)

Sorry for hogging the thread. I'm trying to stick to one theme per post and I think this is my last one for a while.        

I've been thinking about startup conditions. The bot has to start with a balance on Polo of at least one member of a pair. It can't buy or sell otherwise, right? It can only work with "today's value" and is blind to how much or how little you might have paid for that initial item when you first acquired it.

I think this means that Gunbot would have a better start if first launched when crypto markets are "down overall" rather than, say, the last few days? Put another way, if you bought your startup coin high back in the day, you may sell it low when you fire up Gunbot after which Gunbot will make profits if it can, but from that "low" starting point.

This is an observation, not a criticism. Markets never care about how much one paid for some asset back in the day, but one should keep the cost of the startup item in mind when deciding when to first run Gunbot. If the item has gone up in value (against the other item in the pair) then use it. Otherwise, consider a different startup item or consider waiting a while before first starting the bot. I thought this through only after starting the bot with a high-cost item. Thus we learn.

One more notion - Gunthar's comments about viewing an item's value only against the other item in the pair is really important, imho. Many people seem to view crypto as a commodity to be traded against what they think of as real money, namely fiat. I think of crypto as the eventual replacement for fiat so for me it is already "real money". Of course I have no way to know which flavour of crypto, if any, will win out. Gunbot is the perfect tool for people who share that mindset though. When I first heard of it, I feared the market would quickly saturate and we would all be stuck trying to eke out small profits from each other. Not so - we are competing against those who think of fiat as real money, those who bet that they can profit in fiat by trading commodity crypto. Heh. May the better paradigm win.

Edit: strikeout above as I'm still thinking about this. I now think all that matters is the pair in question, not the overall market conditions, but it gets messy if you start thinking about alternative uses for your startup item than trading it for another coin - should I buy that Lambo or not?

    

Correct: they are the same formula but different period of calculations

Good point, i am also trying to modify that a bit: actually it is based on volume and daily variance, i'd like it to be more representative of the GUNBOT strategy. E.g: if the coin variance related to EMA1 and EMA2 is > a min %

Would you comment further on that EMA change please? Back on page 1, in your tutorial, I think you suggest setting EMA2 to double the value of EMA1. I assume all such rules are "soft" when you know what you are doing.     

Suggestion: presently the advice on "Recommended currencies to trade today" appears in the Gunbot window, after configuration. I think it would be more useful as a clickable button in the configuration window or perhaps in the new dashboard.

Updated my review on the bot. Added my day 5 result.
https://bitcointalksearch.org/topic/m.17360593

I'm looking forward to the updates my friend! You are awesome!

Here is my little review about GUNBOT. I've tried it from 26.12 till 02.01 and, in fact, all I can say that this thing is working and working great! I've tried to use gunbot on ETH, ETC, XMR, FCT, ZEC, MAID, NAV. Week before newyear was pretty volatile, but gunbot have done it's job - i've got little profit on all pairs!

I can not mention the perfect support from @Gunthar on all questions from installing to trading.

P.S. I've tried to run gunbot on macOS and it works perfectly smooth, just as on linux.

Thanks mate for the honest review! I'll add that and others to the user's generated proofs of profit


I've PMed you buddy

Some news on bot development:
next release will have a dashboard with automatic profit/loss calculation per pair, so you dont have to bother with (ugly) poloniex profit/loss tool

Also...candlesticks with the GUNBOT strategy applied so you can see "live" what the bot is doing
~Gun

Hi gunthar!
Gratz, you develop a great bot, and looks this work smothly.

Do you have any other vouch copy? We can discuss about portuguese translation too. Just hit me a pm.

Have a good week.

Mr Bodz's review

Gunthar helped me through with some really stupid questions, he also fixed the bot when there was an issue with it when he first sent it to me.
He has taken on board a number of suggestions we discussed.

The bot runs perfectly fine in a forever script on ubuntu 16. I've just used the default settings and let it run. I tested it out with 0.1 BTC (just under) as of the current moment, poloniex is reporting the value as 0.10155425 BTC with quite a number of open sell orders atm. Not a massive amount but something is better than nothing. I contributed to the little amount of profit by selling a number of coins at a loss.

Looking forward to buying the bot myself but it may not be for everyone.

Ahmed

Oh ok, here is how to do it safely:
1.- if you have no "buy" orders on book, just shutdown the bot and start a new instance of that/those pairs
2.- if you have buy orders: cancel those buy orders (NOT THE SELL ORDERS!!!) and restart the bot on those pairs.

I have a working version with automatic closing orders that didnt get instantly filled but i like to test new features a lot, so it is not in the next update.

Hope it helped
~Gun

1%

theres outstanding orders of buy and sell on books, not sure how I should safely turn off bot and restart with new 3% so I left it alone for now. 

Did you raise % sell to 3% or is that with 1% still?


Dare a bit more buddy (and all that are still at 1% of min sell): raise a bit the min % to sell...up to 2% for now

+2.3%~

Awesome!

Looking forward to more updates! I'm with you on this bot bro, I'd love to see it improve along the way! I'll add more suggestion on my testimonial once I think of some more and inform you.

So far, looking at my progress, I have profited 3%. That's 1% a day. LOL.

You are more than welcome mate: soon the GUNBOT will have that "tool" you talking about

LOL. Didn't know that was possible. XD

I wish poloniex has a better way of showing everything. It takes a while to view each altcoin's progress.

Thanks for the tip gunthar!

YOui see all those "buy" without a "sell"? Click on each of them: it will exclude unsold trades from the calculation. THe total of bought/sold coins on top right must be the same.

I know this. But it takes too long to really check each of those pairs. Also, if you are still holding on to an alt coin it will show a really big negative. This would already be poloniex's problem. Poloniex is showing unsold alts as losses, which is incorrect. I used to trade stocks, but the online platform I used had a better way of showing the true profit and losses I had. Probably I'll create an excel file that would really show my profit/losses.



Edit: I think the BTC VALUE in the Balances page of poloniex is the best way to show how much your progress is. Because it is the BTC equivalent of all Alts you are holding if it was sold at current prices (whether it would incur a loss or not).

CULEXEVILMAN'S TESTIMONIAL


This is my testimonial/review and suggestions for the bot.

So if you're interested in trying out the bot, I suggest you read through here.

I obtained a copy of the GUNBOT from Gunthar on December 27, 2016.

About the GUNBOT

It is KISS (keep it simple stupid), with all the fancy things other platforms at bot has, its a no frills make money bot, now its not gonna make you money if you do not know how to use it, I wanted to run it on Linux so it took some trial and error, but ultimately I got it running and connected with Gunthar’s assistance.

User Interface
The UI is CLI, so its perfect for fundamentalists like me, I prefer CLI over GUI, its more efficient to run over multi pairs, so you can really make this thing into a power trading house.

User Friendliness
The bot should be easy to understand if you have some basic knowledge in trading and markets,
if you are complete newbie I suggest you do some homework before diving into it, even I had to go under at times due to my misconfiguration in the beginning, (PS back in the green now of course, but it is def profitable)

Operating the bot
I use Linux to run this, and Gunthar showed me how to use SCREEN on Linux, it is much easier to manage than in WIN version I think due to the lack of screen real estate I have.

Trading Strategy
It uses 2MA simple and time proven strategy to trade as explained by Gunthar, I also use it at times to help me go into some manual positions, its just a valuable tool to analyze the markets. If you want to utilize more advanced trading strategies, you should use more complex tools, this is a solid tool that does what it needs to do.


Support
Gunthar is always there to help out with the bot and would also give advice and guide you on how to use it properly.
He was very helpful in the whole process and patient as ever with newbie questions. Don’t forget to tip him!


Comment & Suggestions
A overview of all the bots running giving a better view of the status like a dashboard control panel type thing.

Disclaimers:
1. This is my own experience and review.
2. I am not endorsing this bot in a way to say that you would NOT lose money. Don’t play with more than you can afford to lose.

About ~1% profits a day at current rates started with 25BTC.
I am running many of currency pairs at a time, not all pairs are shown.

pssst...mate....
you doing wrong maths over there The poloniex balances page is the "estimated value of your balances" tied to BTC/USD pair: if BTC goes up, total coins go down (which is not your loss), if BTC goes down, total coins go up (which is not your profit) 

To calculate profit/loss, there is another tool on poloniex which is your trading history> analyze pair by pair.

There will be an indicator that will show you profit/loss....this: