Gunbot Review

Every advanced crypto trader knows the feeling: once your trading volume and activity ramp up, having to constantly tweak your trading strategy by hand and watch the market trends like a hawk starts to get old quickly. If you’re looking for a new tool to help you keep up with price fluctuations without treating it like a full-time job and execute trading strategies with laser-like precision, this Gunbot review is just what you need right now!

Launched in 2016, Gunbot is an automated crypto trading powerhouse with a whole array of advanced features and customization options to help carry out the most popular crypto trading strategies or create your own unique one on multiple crypto exchanges simultaneously, including major household names like Binance and Bybit.

It has to be said, however, that this trading bot comes with a bit of a learning curve: its extensive customizability and advanced features, combined with a self-hosted trading engine and recurring subscription costs, make it a specialized product better suited to some traders than others. In my Gunbot review, I’ll explain whether this bot is the right choice for you and, if not, which alternatives are worth checking out.

Gunbot Review: A Quick Overview

Before diving into the ins and outs of Gunbot, here’s a quick snapshot of its key features:

Table: A Quick Overview of Gunbot

Feel free to refer to this cheat sheet at any point while reading this Gunbot review, or afterwards if you need a quick recap!

Who’s Gunbot For?

I’ve already hinted at what type of user would get the most bang for their buck out of Gunbot, but let me come back to this and elaborate to make sure this tool fits your needs before taking the plunge.

• Advanced Traders. It goes without saying that, with its plethora of customization settings, Gunbot was definitely made with pros in mind.
• DIY Strategy Builders. Gunbot allows users to not only customize existing strategy presets but also create their own strategy completely from scratch using built-in coding and AI tools.
• Maximum Profit Seekers. Trading bots routinely outperform human trading in both traditional and crypto finance^[1], so if you're keen to get ahead, automated trading is a must.
• Multi-Exchange Traders. Gunbot supports most of the major exchanges, such as Binance, Kraken, and Bybit. What’s more, Gunbot gives you unlimited exchange access.
• Flexible Users Who Prefer a Hybrid Approach. Gunbot Unlimited combines the control of a self-hosted trading bot with a cloud-based workspace. The trading engine runs on your own machine or server, while Gunbot Live lets you configure, monitor, and manage your bots through a browser. You can also run the workspace locally if you prefer to keep your setup closer to home.

That said, if you’re a crypto beginner who’s trying to dip your toes into automated trading, don’t close this Gunbot review just yet! While this bot might feel overpowered for your needs right now, the entry-level plan could be an affordable gateway into the possibilities of crypto bots. It comes with pre-configured trading strategies that work right out of the box with no further customization or know-how needed.

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Advantages

After taking Gunbot out for a spin, here’s what I liked the most:

• 20+ preconfigured trading strategies;
• Advanced customization options;
• Compatibility with most major exchanges;
• High degree of privacy and control;
• Extensive monitoring and analytics tools.

While Gunbot might have a rather steep learning curve, there’s no reason to fear it if you’re not the tinkering type and will be satisfied with default settings. This tool comes with ready-made bot presets offering 20+ variations of the most popular trading strategies, such as stepgrid, Bollinger Bands Strategy (BB), MACD, and more, preconfigured with the best Gunbot settings for optimized profits.

On the other hand, those who want to venture off the beaten path will be treated to an entire metaphorical cockpit with knobs and levers to fine-tune any strategy to your liking. You can adjust indicator values, risk levels, entry and exit points, and stop-loss settings, and even set up real-time tweaks with dynamic AutoConfig. If this doesn’t suffice, there’s an option to script new strategies from scratch.

When it comes to exchange compatibility, Gunbot supports unlimited exchange connections and API keys, allowing you to manage trading activity across multiple supported exchanges from one workspace, including Binance, Bybit, Kraken, Coinbase, and KuCoin. Exchange-specific restrictions still apply, though.

Gunbot’s power features don’t end on the execution side, though. Gunbot TradingView integration, embedded right into the main interface, lets users take advantage of its charting tools and indicators without leaving the bot. In addition, there’s a backtesting functionality to simulate the results of a certain strategy without having to commit your funds first, and an option to set up Telegram notifications about filled orders.

Last but not least, in the era of cloud apps, Gunbot goes against the grain by offering a self-hosted experience. It runs locally on your own computer, meaning that your API keys and trading data stay completely private and aren’t subject to the risk of major hacking attempts that target the servers of large centralized platforms.

Limitations

There’s a lot to like about our trading bot in question, but it still doesn’t quite tick every box. Here are the main shortcomings I found to be worth mentioning in this Gunbot review:

• Requires your own machine or VPS;
• Limited mobile support.

A feature that could be considered a double-edged sword is Gunbot’s self-hosted trading engine. Since the bot runs on your own machine or VPS, you have more control over your trading setup, but you’re also responsible for keeping the environment running and secure.

Gunbot offers a hosted or local workspace for managing your bot, giving you some flexibility in how you access the interface. However, the trading engine itself still needs to run on your own infrastructure.

Being designed around a desktop or server-based trading engine means Gunbot isn't a fully mobile trading solution. You can't run the core bot directly on your phone or tablet, as you'll need a computer or VPS to keep it running.

However, you can access Gunbot remotely through its mobile-responsive web interface to monitor trades, review performance, and adjust settings. While this makes it possible to manage your bots on the go, the smaller screen may be less convenient for configuring complex strategies or working with advanced trading tools.

Trading Features

The purpose of a trading bot is to automate trading according to various parameters as a way to execute trading strategies with more convenience and precision than you’d be able to do manually – and Gunbot definitely doesn't miss the mark here. This is what you’ll find in this advanced trading bot:

• Unlimited trading pairs;
• 20+ preconfigured trading strategies;
• Extensive strategy customization options;
• New strategy creation with JavaScript & AI;
• Combination of manual and automated trading;
• TradingView integration;
• Telegram alerts;
• Gunbot Replay;
• BitRage arbitrage.

One of the best things about Gunbot is no restrictions on trading pairs. You can open as many positions with different markets as you want. After all, the larger the scale of your trading, the more of a lifesaver automation becomes!

If you prefer to stick to the tried-and-true conventions, Gunbot has got you covered: you’ll find 20+ ready-made trading strategies, such as gridbots, MACDH, EMA spread, Average Directional Index (ADI), and more. These Gunbot strategies can be fine-tuned with over 150 configurable parameters.

If you’re using this bot, however, chances are that even the best Gunbot settings out of the box won’t be enough for you. For that purpose, Gunbot comes with powerful tools to adjust them as you see fit:

• Flexible Price Trailing. Optimize entry and exit points by reacting more intelligently to market movements. Instead of trailing the price with a static offset (like always following 2% behind), Gunbot modifies the trailing distance based on volatility, price momentum, and recent market behaviour.
• Enhanced Indicators. Integrate popular indicators like ADX, RSI, Stochastic, StochRSI, MFI, EMA, EMAspread, and more to refine your entry and exit points.
• Dynamic AutoConfig. Automate on-the-fly strategy adjustments based on real-time market conditions without restarting the bot or manually changing settings.

Having said that, there will probably be times when even the best tailoring won’t cut it anymore – in which case, Gunbot lets you craft your own strategies from the ground up. You can define trade conditions using JavaScript while Gunbot takes care of connecting to exchanges, collecting data, and executing trades. What’s more, Gunbot’s API integration opens up possibilities to utilize data from external sources.

That’s all well and good, you might say – but what if you’d like to take the wheel occasionally? You’re in luck – Gunbot supports the hybrid approach of using a combination of both manual and automated trading. For example, you could set up custom alerts for your manual pattern recognition (e.g., RSI crossover or MACD breakout) and make Gunbot wait for your signal before it automatically executes your predefined buy/sell strategy.

This is where the Gunbot TradingView integration enters the picture. Seeing the chart embedded in the main interface makes it much easier to visualize your trading strategy, and you’ll be able to fine-tune it directly from the chart view or execute alerts using the TradingView webhook listener.

The integration allows you to customize how charts are displayed and analyzed within Gunbot. Whether you prefer a particular layout, color scheme, or specific indicators, Gunbot gives you the flexibility to tailor the charts to your trading style.

If you’re more of a “set it and forget it” type of user, Gunbot has another neat feature: Telegram integration. Instead of having to open the desktop app to see if your Gunbot strategies are paying off, you can set up Telegram alerts to notify you about executed trades, subscribe to periodic overviews of your profit/loss data for each trading pair, or quickly adjust bot settings.

Recently, Gunbot has also introduced Gunbot Replay and BitRage arbitrage as part of its newer feature offering. Gunbot Replay lets traders simulate strategies using historical market data, while BitRage adds arbitrage functionality for exploring price differences across supported markets. These additions expand Gunbot Unlimited's toolkit beyond standard automated trading, backtesting, and strategy customization.

User Experience

With all this complex trading functionality, a user-friendly interface can go a long way in making Gunbot feel more approachable. Writing this Gunbot review gave me an opportunity to explore all of its metaphorical nooks and crannies, and I have to say that, for such an advanced platform, its user experience turned out to be pretty intuitive for the most part.

As I mentioned earlier, Gunbot is a desktop-first trading platform. Its trading engine needs to run on a computer or server, and it supports Windows, macOS, and Linux. However, you can access its web interface through a browser, including on mobile devices, to monitor your bots and adjust settings remotely.

Gunbot also offers a hosted workspace through Gunbot Live, so you don't have to host the interface yourself. Just keep in mind that you still need a computer or server to run the trading engine, and managing advanced settings may be less convenient on a smaller screen.

During the setup, you’ll be asked to choose between the Basic and Advanced Mode, depending on the amount of complexity you need. Basic Mode features a simplified interface with a dashboard showing key trading data and minimal settings; it should be more than enough for beginners using it for spot trading. In contrast, Advanced Mode’s dashboard comes with a lot more in-depth trading performance and history data.

Gunbot’s flexibility makes it easy to manage all of your trading activities both together and separately. Want to pause all of your trading activity to make major adjustments to your overall trading setup? Simply navigate to the main dashboard and click [Stop Trading]. Alternatively, you can hit pause for specific pairs and resume trading for all or some of the pairs.

Of course, Gunbot’s user experience isn’t down to just the bot itself: since it’s connected to crypto exchanges, their performance will inevitably affect Gunbot. Luckily, it has some safeguards for frictionle

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Cho K., Nam K., Jung J.: 'Blessing or Curse: Impact of Algorithmic Trading Bots Invasion of the Cryptocurrency Market';

2. Hrgarek L., Zlatolas L. N.: 'Software Self-hosting: A systematic review of quantitative research'.