You have to adapt settings to market conditions. My bot made some really good buys whilst the market was crashing- also because by default I have my settings set so that it usually makes a buy at the tip of long wick of a red candle- and sells on the pullback- so essentially I have setup Gunbot to mirror how a countertrend trader would buy and sell.
Professional traders refer to this as a looking for a a buy at the bottom of a hammer pattern (this is a key reversal candle). I can explain this to anyone who buys off me as I am a reseller (I have already coached a few people in detail how to set up Gunbot and what to look for- and then many have decided to mix and match using what I taught them) there isn't a one size fits all method with Gunbot in general, though I have devised a system which is as close to that as possible (though it does require monitering of markets and quickly changing if market conditions shift)
For example a few of us advanced/experienced users sat down to profile coins according to
1) Volume
2) Volatility
3) Average true Range (ATR) which is a numerical measurement of volatility
I have put my coins into 4 seperate folders with four different master settings. I also have a special folder for coins being pumped and dumped though in most cases group 3 and 4 have settings good enough to handle these coins anyway. I'll give you a specific example e.g. create a special dump folder set your bot to Stepgain buy, 30 minute candles, increase max latest prices/trends and set 3 buy levels buy level to 7, 7.5 and 8. That is usually enough to handle all but the most extreme of crashes. I have only seen my bot pickup a long term bag twice on those settings, and those coins were being dumped with the biggest red candles I've ever seen in my life.
I also have another really advanced method which is to sometimes move coins to different folders according to what stage of the "Price Action" phase Cycle they are in. for those of you who don't know what Price Action is, essentially it's that every stock, coin, security etc has four phases- consolidation, accumulatation, distribution, decline. Eg. the end of a pump the coin starts to waver (distribution) and then it will crash (decline) if you have buy level settings which are too low you can pickup a real nasty big bag, I know exactly how to minimalise the chances of this.
DM me if you want to know more.
Is it a bad time to purchase gunbot? Lots of altcoins are down, can you still make profit? Is anyone using it and profiting right now?