TESTIMONIAL
This is my testimonial/review and suggestions for the bot. I would update this post everyday (assuming I would not busy). So if you're interested in the bot, I suggest you read through here.
I got a copy of the GUNBOT from my friend Gunthar on December 31, 2016. He gave me a wonderful 15 days to try it out. So I have till January 14, 2017 to try it!
About the GUNBOTPlain and simple, the bot is plain and simple. Which is a good thing. No beating around the bush it just plainly works as simple as that!
It's a bit rough around the edges but totally working and I would say will pay for itself with the right amount of investments based from my obeservation of the first day it was trading.
User InterfaceThe UI is quite basic but functional, probably in the next updates we would see some great UI. But currently, the UI will suffience for an investor's needs.
User FriendlinessThe bot is basically easy to use even for a newbie in trading and technically I am a newbie in trading. The bot is quite easy to work around and doesn't require knowledge of any programming or tweeking the program. It just requires the settings, and honestly the settings are easy to understand, just that tweaking it would require trader knowledge and experience. Well honestly, you would really require trader knowledge in this since you are trading, right?
Operating the botAt the login page te user will have to do is input your API key and he Secret API key then the program will show the settings of the bot. All the user have to do next is tweak the settings, again you need trading knowledge here, then just hit start. The settings would require, however, to set and start each PAIR (i.e. BTC/ETH, BTC/LTC, BTC/DOGE, etc.). So for example you want to trade as five pairs. Then you have to do start the bot five times.
Trading StrategyThe bot is performing what it needs to do! It trades based on the preset strategy based on the EMA1 and EMA2. So far it is looking to be an effective strategy and would seem to be profitable in the short-run as well as in the long-run. Gunthar has discussed it in depth here, insert gunthar expla here.
Status update from trading activitiesThis is what is lacking in the bot and I think it would be a great addition to it to improve it. It would be nice to see directly from the bot what it traded in the time it was running. Also charting the trades would also be nice. Like show how much profit/losses it incurred, volume of trades, percentage of which alt-coins it trades, etc. Another feature that would be nice to get is a log of all the activities the bot did.
Note: I used to bot my clash of clans before using mybot.run. Maybe it would not be the best basis to improve a trading bot. But, the functions in that CoC bot could be a basis to create some wonderful features for the trading bot.
SupportGunthar is always there to help out with the bot and would also give advice on how to use it (since I a newbie at this, he gave me some tips on what settings to use and what pairs to trade.)
Comment & Suggestions1. Probably improve UI for better management and understanding of the bot.
2. A better viewer of the progress of the bot. (see
Status update from trading activies above)
3. Easier multiple pair trading set-up. (see
Operating the bot above)
4. Each window has it's own settings and settings can be changed without closing the window of that pair. (
Stop trading -> change setting -> start bot again vs
close pair window -> go to settings window -> open new pair window w/ new setting -> start bot again)
5. Each window for each pair should have an indicator, so it is easier to know which one is which. (see pic below).
Disclaimers: 1. This review is from my own experience and it may not be applicable in all circumstances. Your experience versus mine or another would differ depending on the situation. Therefor you should not rely solely on this review or any statement in this review for any of your decisions if you want to trade or buy the Gunbot.
2. In no way I am affiliated with the Gunthar, the Gunbot, Poloniex or any other entity that would be mentioned or connected in this review, unless I say so. Gunthar is a lender in this forum and he became one of my friends here, I am not part of any development, promotion, or any activities resulting from the Gunbot.
3. I would not be held liable for any loses that anyone would incur due to this review of this trading bot. This review was solely for the purpose of giving my review about the bot and showing the progress of my trading. Hence, your actions are your and yours alone.
DAILY TRADING UPDATES
DAY 1: Jan. 1, 2017Profit/loss:
0.0004387BTCWorking capital: 0.0396
BTCChange:
1.107%I would say that on the first few hours I was losing money, but not because of the bot. I had a mistake in inputing data in the settings of the bot. I mixed up the EMA1 and EMA2. I doubled EMA2 and not EMA1, as a result I lost a minor amount of 0.0005
BTC. However in the next couple of hours, the bot was able to get back the amount plus change.
I deposted 0.01
BTC on December 30, 2016 because I had a confirmation that he was giving me a trial copy on the 30th but he was busy that time so I got it the next day. On the 31st, I get the copy of the bot from Gunthar. I deposited another 0.0296
BTC (should have beend 0.03
BTC, miscalculated the TX fees). The next depost was 0.05
BTC made just today and was not included in the funds traded for the first day.
Edit: The "losing money" was because of the prices going down, not really actually losing money.
DAY 2: Jan. 2, 2017 Profit/loss:
0.0019BTCWorking capital: 0.15
BTCChange:
1.303%This is a kinda late update of my 2nd day.
I deposted some more BTC to my poloniex and made some more mistakes depositing as I exceeded my target value of a total of 0.15
BTC in total. So I had to withdraw some btc from it. Now the exact deposit I have is 0.15
BTC as my working capital.
The losses were brought about by the sudden skyrocketing of the BTC prices. Seems like every altcoin holder sold their alts for BTC as it really shot up probably hoping that it will further go up. Hence, the drop in all the prices of the alts I was holding. I made a bit of income from the sudden burst in buying from Maid. There was a huge buy suddenly that got maid out of a -10 points back to 2 points and suddenly drop back to -2 points, I watched that one unravel.
So far my losses could be attributed to the drop of FCT and has not stood back up after it's drop. So I have a lot of sells for FCT that would look like it would take awhile before it gets filled. Aside from that the drops from both ETH and ETC also contributed in my negative. But this was all a bit offset by some profits from other Alts.
DAY 5: Jan. 5, 2017 Profit/loss:
0.015BTCWorking capital: 0.25
BTCChange:
6%Been busy since the last couple of days. I found time today to update. Current sitting on 6% for the last 5 days. So that's more than 1% per day of my working capital. Also note that I only recently added that 0.1
BTC from my previous balance of 0.15
BTC. I just added it yesterday, so I think it did not yet affect the result as well as it has if it was added from the start.
So far, the bot weathered through the rise of btc prices resulting to a drop in altcoin prices. The bot still was able to come out as profitable even through that even. So the previous negative I had experience on day 2 has totally reversed and profited more than the negative received that day.
Looking to add more funding, but seems hard to get some more until I get paid from my real world job. XD
DAY 6: Jan. 6, 2017 Profit/loss:
0.02BTCWorking capital: 0.25
BTCChange:
8%So last night (about 10-12 hours ago), I was watching the bot and polo. I watched BTC drop from $1,100 to $890. Every altcoin went up even beyond the Bollinger bands. All my sell oders were all filled and was left with only BTC in my balances. I panicked and didn't do anything. I should have sold my btc to USDT or something else before it reached $890 and should have rebought at that price. Well too late now, that could have been some more profits. Anyway, the bot did well during the chaos when BTC prices was dropping. My balanced reach up to +0.025. I should have stopped the bot that time since I saw that all coins were at a very high peaks. But the bot sets some buys at a high price, which brought my +0.025 to +0.020. More on that later.
The problem is, the bot bought some alts at the time the coin prices were really high. So the set sell price was really high as well. And would seem that it would really take awhile before it get's sold. The bot sets a buy beyond the upper bollinger band which I think should have not happened. Here's the graph of LTC/BTC. The bot made a buy at almost the top of the peak well above the bollinger bands.
DAY 10: Jan. 10, 2017 Profit/loss:
0.0262BTCWorking capital: 0.4718
BTCChange:
5.5%The income dropped because of my working capital increase again from 0.25 to 0.4718. I add more investment as much as possible, actually I placed 90% of my money in here already compared to the other 10% are on my loan thread! That's how much I trust the bot. I would say, I could have profited more if I made a better setting for each coin. I was trading some weird altcoins like REP and I didn't place a setting that would maximize profit for this coin, like buy @ 0.7% and sell @ 1% since this coin is super volatile. I basically placed every pair I am trading with the same setting. So I got stuck with some altcoins that I bought at a good price, but since all my settings are at 2% sell then I got stuck with them because the price level of the coin lowered.
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