Gunbot v12 has launched!

It's Here! Gunbot v12 launches. Release the beast. Earn your Crypto. Get Brave.

Recently , Gunthar notified the Gunbot community of the timing for the pending release of Gunbot v12:

It's Here!  Gunbot v12 launches. Release the beast.  Earn your Crypto.  Get Brave.

On Sunday 3 of February, I will release Gunbot v12.8.1 Stable with Bitmex included.

V12 includes a special feature that will connect your Gunbot over the blockchain and verify your license without need of a reseller to change your API keys i.e. and more.

I will post detailed instructions about GUNTHY token, the way to get it, the way to get airdrops and how to use it with your Gunbot GUNTHY token deposits and withdrawals are already available at IDAX.pro exchange (one of the top10 exchanges at coinmarketcap)

https://idax.zendesk.com/hc/en-us/articles/360022680771-IDAX-will-open-GUNTHY-deposit-withdrawal-and-trading

IDAX.pro will open trading of GUNTHY on 11 of February 2019 at 5PM UTC+8
Happy trading!

We’ve all been waiting for this for a very long time.

Gunbot Version 12 brings *so* many new features. GBU LIVE featured Gunbot v12 in a recent subscriber-only webinar, where you can learn about it, see a demo, and more. Gunbot v12 looks fantastic, brings a ton of new functionality, and has been tested by hundreds of brave beta users.

Learn more:

"gunthy_wallet": "<your_gunthy_wallet_address_here>"

Do you want to EARN YOUR CRYPTO?

You can easily EARN YOUR CRYPTO by creating a free Affiliate account, requesting an Affiliate Share Code and then give them a special coupon made just for you.

Earn your crypto
  • Create free Affiliate account at gbu.run/affiliate
  • [optional] Request Affiliate Share code at gbu.run/sharecode
  • Point people to gbu.run/bachelorpack and have them use your coupon or referral code

Here’s what happens:

  • THEY get Gunbot Standard at 50% off
  • THEY get three (3) months of Bachelor service
  • THEY get FREE Bitmex license when it comes out.
  • THEY also get 5% off! (if they use your coupon code)
  • YOU get 10% referral bonus, paid in crypto
  • YOU get a free month of Bachelor, which you can use yourself or give to your friend

(Note: The person you refer can buy anything at Gunbot University – Gunbot Ultimate, Gunbot Pro, or whatever strikes their fancy, and they get 5% off and you get 10% bonus. It’s not just limited to the Bachelor pack)

Not sure how to use GUNTHY Token? Get Brave!

Learn. Earn. Don't Get Burned. Visit us at gbu.run/brave to learn about botting, trading and staying safe with crypto.

You can use most any ERC-20 capable wallet for the GUNTHY token, and the Brave Browser is fast, safe, ad-blocking and you can use the Metamask plugin safely. We recommend you separate your crypto-browsing from all the other browsing you do. This is an easy way to do that.

Here’s what you do:

  1. Download and install Brave Browser by going to https://gbu.run/brave (or get it directly from Brave.com – if you use our link, GBU gets a small reward)
  2. Install the Metamask plugin inside of Brave (Menu -> more tools -. Extensions -> Web Store, search for Metamask. Get the one offered by metamask.io
  3. Create your account, save your passwords and seeds securely
  4. [recommended] create a new dedicated Ethereum Wallet just for Gunthy. You can drop down your identity avatar and click + Create Account. Name it something easy to identify as Gunbot or Gunthy.
  5. The wallet address will be shown at the top, which you can copy and paste into Gunbot

Buy or upgrade Gunbot TODAY. We accept Bitcoin, GUNTHY Token, Litecoin, DASH, Bitcoin Cash, Ethereum and Paypal.

Gunbot v12 launches tomorrow – 50% discount ends

Launching Gunbot v12. Secure your last minute deals before they expire. Earn Your Crypto. Get Brave. Learn, Earn, Don't Get Burned.

Today, Gunthar notified the Gunbot community of the timing for the pending release of Gunbot v12:

Launching Gunbot v12.  Secure your last minute deals before they expire.  Earn Your Crypto.  Get Brave.  Learn, Earn, Don't Get Burned.

Tomorrow morning (Sunday 3 of February) I will release Gunbot v12.8.1 Stable with Bitmex included.

V12 includes a special feature that will connect your Gunbot over the blockchain and verify your license without need of a reseller to change your API keys i.e. and more.

I will post detailed instructions about GUNTHY token, the way to get it, the way to get airdrops and how to use it with your Gunbot GUNTHY token deposits and withdrawals are already available at IDAX.pro exchange (one of the top10 exchanges at coinmarketcap)

https://idax.zendesk.com/hc/en-us/articles/360022680771-IDAX-will-open-GUNTHY-deposit-withdrawal-and-trading

IDAX.pro will open trading of GUNTHY on 11 of February 2019 at 5PM UTC+8
Happy trading!

We’ve all been waiting for this for a very long time.

Gunbot Version 12 brings *so* many new features. GBU LIVE featured Gunbot v12 in a recent webinar, where you can learn about it, see a demo, and more. Gunbot v12 looks fantastic, brings a ton of new functionality, and has been tested by hundreds of brave beta users.

However, with the launch of Gunbot 12 comes the end of two important promotions:

50% off gunbot licenses - plus lifetime GBU membership with every license only when bought from Gunbot University. limited time only. [gunbot university logo] Gunbotuniversity.com. Santa
50% off Gunbot Licenses – only until v12 launches

Secondly, free BITMEX license with purchase of Gunbot.

When v12 launches, both of these promotions are gone. We return to our normal pricing.

If you want to secure 50% discount, add 50% discount to our “Upgrade to Ultimate” deal (learn more at gbu.run/upgrade2ultimate), or get a free BITMEX license, you need to act NOW.

Act NOW to secure your 50% discount and get FREE BITMEX license

Have you already taken advantage of the discount, or you think you have as much Gunbot as you need? Do you have friends or family that could use these deals?

You can easily EARN YOUR CRYPTO by creating a free Affiliate account, requesting an Affiliate Share Code and then give them a special coupon made just for you.

Earn your crypto
  • Create free Affiliate account at gbu.run/affiliate
  • [optional] Request Affiliate Share code at gbu.run/sharecode
  • Point people to gbu.run/bachelorpack and have them use your coupon code
  • THEY get Gunbot Standard at 50% off
  • THEY get three (3) months of Bachelor service
  • THEY get FREE Bitmex license when it comes out.
  • THEY also get 5% off!
  • YOU get 10% referral bonus, paid in crypto
  • YOU get a free month of Bachelor, which you can use yourself or give to your friend

(Note: Your referral can buy anything at Gunbot University – Gunbot Ultimate, Gunbot Pro, or whatever strikes their fancy, and they get 5% off and you get 10% bonus.)

Not sure how to use GUNTHY Token? Get Brave!

Learn. Earn. Don't Get Burned. Visit us at gbu.run/brave to learn about botting, trading and staying safe with crypto.

You can use most any ERC-20 capable wallet for the GUNTHY token, and the Brave Browser is fast, safe, ad-blocking and you can use the Metamask plugin safely. We recommend you separate your crypto-browsing from all the other browsing you do. This is an easy way to do that.

Are you worried if you’ll make it in or not?

If you create your order NOW, you secure your discount, and you can pay in a day or two. We accept Bitcoin, Litecoin, DASH, Bitcoin Cash, Ethereum and Paypal.

GBU Recommends Trading Course from IntroToCryptos.ca

GBU Recommends trading course Introtocryptos.ca

GBU RECOMMENDS trading course. Step-by-step, simple approach for all stages of a trade LIfetime community support. Discount code GBU

At GBU, we provide top-notch Gunbot-specific education.  We also offer some non-Gunbot content that delves into generic trading, cryptocurrency, and other related topics.  There’s even hours and hours of Technical Analysis (TA) teaching.  However, we know that some people want more than what we offer directly, so we partner with high quality content providers to help fill in the gaps.

IntroToCryptos.ca starts a Three Week Intensive starting this Saturday – this isn’t just a starter course, or something intended to try and get you to buy something bigger — this is a full course that covers much of what a crypto trader should have.

I’ve been following Doug for months on his YouTube channel, his discord group and I’ve gotten to know him and his trading style quite well.  There’s no Gunbot or botting information in this course, and that’s the point — this trading course is about knowing much more under the hood.

Take a look at the course syllabus, all the bonuses you get, and if that wasn’t enough, you can get 20% discount if you use code GBU at checkout.

cyrptocurrency trading course. Use discount code GBU

Bittrex Upcoming Wallet Removal Reminders

Markets are already gone; soon the wallets will be, too. Be sure to move these bittrex coins because their wallets will be removed.

Markets are already gone; soon the wallets will be, too. Be sure to move these bittrex coins because their wallets will be removed.

Bittrex Coin Reminders

The following coins and wallets are being removed in the near future on Bittrex, so if you have any of these coins there, you need to remove them. Note that these are coins whose markets have already been removed from Bittrex, so your Gunbot should not be trying to trade these. If it is, then your Gunbot is probably broken and not trading at all anyway.

By December 20th, 2018
https://bittrex.zendesk.com/hc/en-us/articles/360001451483-Wallet-Removal-on-December-20-2018
INFX
PDC
PKB
SNRG
TRIG

By December 31st, 2018
https://bittrex.zendesk.com/hc/en-us/articles/360001475906-Wallet-Removal-on-December-31-2018
CLUB
PXI
RBY
SPR
XVC

By January 10, 2019
https://bittrex.zendesk.com/hc/en-us/articles/360001486426-Wallet-Removal-on-January-10-2019
BCY
BLITZ
CLAM
ERC
TRUST

Last day for Black Friday and Cyber Monday Gunbot deals

50% off and Lifetime Bachelor for Ultimate upgrade have been the most popular so far – some still don’t know that they can trade in their previous Gunbot purchases – Gunbot Standard and Gunbot Pro – towards Gunbot Ultimate.

Gunbot University is throwing in LIFETIME Bachelor subscription – worth ~$1000 ($89/month forever) with any Gunbot Ultimate purchase or upgrade!

50 Off gunbot licenses at gunbotuniversity.com

That’s right — UPGRADE 2 ULTIMATE

upgrade 2 ultimate trade in what you spent on standard or pro

Think about it.

  1. Bitcoin price is at historic lows
  2. 50% off Gunbot prices
  3. You can trade in your current Gunbot and reap your investment back
  4. You believe crypto is going to take off, right?

Now – TODAY – is the perfect time to upgrade your Gunbot to get this amazing deal.

With Gunbot Ultimate v11, you get

  • 10 Exchanges
  • Trading View add-on
  • Backtesting add-on
  • Cryptosight telegram bot
  • GBU Lifetime Bachelors ($1000)
  • FREE BITMEX license when it comes out later this year

Did I forget to mention Bitmex?  Ooops.  Yeah, you get free Bitmex license if you buy Gunbot license now.

Sample walkthrough of the discount –

Let’s say you bought Gunbot Standard for 0.1 BTC.

Gunbot Ultimate 0.3 BTC
Trade-in discount: (-0.1 BTC)
subtotal: 0.2 BTC
Black Friday/Cyber Monday discount: (-0.1 BTC)
Total: 0.1 BTC

You need to contact CryptoWally or Poy via Telegram, the chat on the website or use the feedback form on the site to validate your existing purchase so we can give you the discount.

Only a few hours left!

 

Conquer the Bear

With the market doing what it’s doing (once again), and given that we’ve had a few new faces join us (welcome!), I’d like to take this opportunity to make a few statements that will be familiar to those “Crypto Veterans” that have been around for a few of these, may serve as a much-needed boost for those who are new, and may just be common sense for the rest.

Conquer the Bear

In the GBU Newbie Special, Part 1 (https://gbu.run/newbie1) (for GBU Subscribers only) which is the first half of a three hour long video series Introduction to Gunbot for GBU Subscribers only (there are timestamps to get you right to specific topics if you don’t want to watch the entire three hours), the very first topic after the required disclaimer involves setting expectations:

Setting Expectations and Examining Motivations

Setting Expectations - examine motivations

If you go into something with the proper expectations, when things like this extreme bear market happens, not only are you prepared, but you’re simply better off.  I’m sure we all have our reasons for why we have Gunbot and why we got into crypto, but more likely than not, it has something to do with disruption of some kind  – disruption of the banking system – disintermediation of one industry or another.  Maybe you wanted to get rich because you heard of someone else doing so.  Or maybe it was the technology you love.

Why DID you get into crypto?  Is it the same reason you got into Gunbot? (and if you’re not into Gunbot, contact us and we can help answer questions  – either hit the chat button down below or go to https://gbu.run/feedback).

The Wild West

setting expectations - wild west

After you have your motivations in check – you probably should see where you are, time-wise.  We’re in crypto.  The industry itself hasn’t even been around for a decade.  So few people know about crypto, care about crypto, own crypto or are involved in crypto.  We are in the early days, and we’re still in the Wild West.

The Wild West was conquered by pioneers who didn’t wait for a fur-lined stagecoach with safe cities and established guidelines.  There were snakes and Native Americans and dysentery and harsh times.  Many got “rekt”.  The ones who didn’t wait not only satisfied their wild adventurist nature but also gained the opportunity of prestige, land and the joy of “being first.”

Gunbot, and Crypto in general, is for those kinds of people.  Frontiersmen who appreciate luxury but don’t require it.  For they know there’s gold in “them thar hills” and are willing to go through a lot to get to it first.

Bear Market Veterans

bear market - veteran

Become a veteran

If you’re new to this space, you might be kicking yourself… as you might have bought in with Bitcoin at an all-time high (ATH).  You are earning your battle scars right now.  We’re still early, with such a low percentage of the world citizens aware of crypto, owning crypto and trading crypto.  The fact that you 1) are aware, 2) own, 3) trade, 4) own gunbot* and 5) are improving your education here at GBU… these are all amazing indicators for your future.  It won’t be long until you are the veteran.  This space moves fast, and is growing even faster.  New people are coming in, new FIAT is coming in (where else is it going to go?) and the more veterans we have to help guide them, the better.  Help continue the education.

  • again, possibly – unless you don’t, in which case, reach out and we can help.

Key takeaways

Some important things I’d like everyone to remember:

  • It’s only a loss if you sell. Paper losses are temporary.
  • https://gbu.run/calm – worth your time to read
  • If you bot with money you don’t stress about, then you won’t stress so much during these times. Conversely, if you’re botting with money you need, then you will definitely stress about botting. Therefore, _don’t bot the rent money_.
  • If you’re thinking of selling your crypto, try to remember how thin the order books are.  What this means is — the representation of “price” on coinmarketcap.com or any of the sites that report price is based on the order book, and is subject to heavy manipulation.  The price can move in an instant due to volume, big whales, unregulated markets, and heavy hands who know what they’re doing dominating a lot of people who don’t know what they’re doing.  Try not to be one of the people who don’t know what they’re doing.  If you *know* what you’re doing when you sell your crypto, then by all means, sell, especially if it’s at a profit, or if it’s for another crypto that makes sense for you.
  • If it can go down this fast, it can also go up this fast.  And you don’t have to just imagine – just look at the history.  This exact thing has happened several times in the past, and every time, it has done so over and over, and then risen again even higher.  So, if money is your thing, maybe waiting it out is a good play.

Earn your crypto

If you want to earn crypto, you can always do so at GBU – we not only have an affiliate program at https://gbu.run/affiliate where by referring people to Gunbot University, you can earn affiliate bonuses, but also we reward content creators, so if you’re interested in writing articles or making videos about Gunbot, we pay in crypto (revenue share model).

 

Poloniex Delisting Coins 2018-09-25 and where to move them

Be sure to move these poloniex coins because they have been delisted

Be sure to move these poloniex coins because they have been delisted

Be sure to move* these Poloniex coins because they have been delisted:

On This Page: What happened?
Do you have these coins?
Might want to stop botting them ASAP
If you want to move your coins
Move your coins to Gunbot-supported exchange
Move your coins to non-Gunbot supported exchange
Move your coins to a Wallet
Selling off your Delisted Coins
Alternatives
Double-Up
Arbitrage
Summary

What happened?

According to a blog post from Team Circle / Poloniex on Tuesday, September 18th, “Poloniex to delist eight assets on September 25th”.  They reference another Help Center article for more information about their delisting process as well.

Do you have these coins?

The first step when you get a notice like this is to find out if you actually own these coins.  The exchange usually sends you an email with your specific holdings of the asset.

Hello, If you are receiving this message, it is because you currently hold a balance in COIN1, COIN2, COIN3, on Poloniex.

However,  even if they don’t, or if the notice gets lost in spam folder, its up to you to make sure you find out if you have any balances and move them, sell them or otherwise handle.

Might want to stop botting them ASAP

If you use this Exchange, you will want to check if you are botting these coins.  If you have no inventory at all, then the suggested course of action is to remove the pairs from your configuration.

If you have inventory, then you have more work to do.  At least consider stopping your Gunbot from buying them.   Here’s why:

When coins get delisted, they drop in value FAST.  When coins drop fast, Gunbot frequently will see that as a buying opportunity, so you may find yourself with inventory of a coin that will be gone soon — Gunbot buys it on the way down, thinking that it will go back up, but of course it doesn’t go back up most of the time.

Therefore, to prevent this, set the BUY_ENABLED: false to avoid such situations.

If you use the GUI, and you have some balance of the coin, go to Setups –> your setup, navigate to the coin(s), then add an override called BUY_ENABLED and make it “false”

That way, you have a chance of selling off your inventory without buying more.

If your strategy has Double Up enabled, then you might want to disable it with a per-coin override as well, otherwise Double Up might kick in — several times, in fact.  However, if you look at the typical behavior of Delisted coins, it is a very frequent occurrence that coins have a LOT of volatility right after the initial dip, so some profits can be had.  More on that in the selling section below.

If you want to move your coins

Second, you may want to decide whether to sell or move your coins.

Move coins to a Gunbot-supported Exchange

If you want to move your coins, as a Gunbotter, you may want to move your coins somewhere that you can still bot your coins.  This means using an exchange that Gunbot supports.  What follows is a handy table listing the current exchanges (up to three) that these coins are still trading and active on.  The ones Gunbot support are highlighted in green and the ones highlighted in red are ones that Gunbot does not support.

Poloniex delisted coins 2018-09-18
click to enlarge

Note that BTM (Bitmark) uses ticker BTM on Poloniex, but “MARKS” on Cryptopia.  BTM is coin Bytom on Cryptopia, so don’t try to move your Bitmark to a Bytom address over there.  Secondly, Cryptopia’s MARKS wallet is in maintenance as of 2018-08-30, so it is unknown if the wallet will come out of maintenance or not.

Generally speaking, if you move your coins to another exchange where you can run Gunbot, you can then configure Gunbot for that pair, and set a BOUGHT_PRICE override to match what you bought the coin for on the previous exchange.

Move Coins to a non-Gunbot Supported Exchange

Sometimes coins that get delisted aren’t supported on exchanges that Gunbot supports.  This is a sign that the coin is in the minor leagues.

If you don’t already have an account on the exchange listed for the coin, you may consider creating an account on the exchange if you have a large number of the coin, and it represents a major financial investment.

Note that creating exchange accounts can represent risk.  Always use different passwords for every account you use, and when possible, even use a different email address.  Always use two-factor authentication.

Moving Coins to a Wallet

If a coin or token is being delisted from an Exchange, there’s a strong likelihood that the coin doesn’t have a strong presence outside of living on exchanges.  This means that installing a wallet on your own in a safe manner is usually going to be an uphill battle.

It’s important to convey the following:

  1. Do not simply google for a wallet for a specific coin – this is one way to get scammed
  2. Do not download any wallet you find and install it on your computer – this is a sure way to get hacked/scammed
  3. Only use verified wallets, and when possible, use hardware wallets.  This drastically limits the coins you can store locally, but that in itself should tell you something.
  4. If you must use multiple, various, widely varied wallets from all over the place, consider learning how to use virtual machines (VMs), ideally on a spare computer that is not your main machine.  Install Windows or Linux and use a different VM for each wallet.  That keeps each wallet separate, secure and it has less chance of infecting or interfering with your real life computer, finances or crypto.

Above all, look at the value of the delisted coins and determine if it’s worth saving those coins and disrupting the rest of your life/crypto/finances to save them.

Selling off your Delisted Coins

Many times, it may be best just to try and get the best price for your delisted coins.  This may be due to how much time you can devote to the project, the timing of what’s going on in your life, the stress it would cause, or many other factors.

For others, the “loss” the sale would represent on paper may be a welcome event for tax purposes.  Be sure to record the sale and keep diligent records in case the exchange does not have the records available later on.  For this purpose, we highly recommend CoinTracking (we have a 10% discount link if you follow https://gbu.run/cointracking)

Be prepared — if this is your first time through this process, you may be in for a shock.  If you’ve been around crypto for a while or not, you may have bought these coins at their peak, and found that you’d be selling these coins at a tiny fraction of their purchase price.  You can measure this in their BTC price (or whatever BASE you used – ETH, XMR, USDT) or the USD value of BTC at the time of the transaction.  Consult your tax advisor for specifics if that is important to you.

Just know that a lot of people are selling off coins, so some people are buying the coins and transferring them to the other places mentioned above, to sell.  Some coins have no-where to go, so there won’t be many buyers for those.  Some coins you might just want to dump as fast as possible.

Alternatives – Double-Up and Arbitrage

If profits are still important to you relating to these delisted coins, and you still have coins left, and they would represent a sizable loss to you, there still is something you might be able to do, if you are comfortable with the risk.

If you look at any coin that was recently delisted – such as this one here (VRC), you can see obvious points where Gunbot could have stepped in and made immense profits:

You’ll see this happen more and more as word spreads – more news gets out, more people log in and sell off their coins, or a market opens up, or the developers lobby for another use case, or all sorts of reactions to what’s going on.  The volatility is intense.

This is where a savvy person who still has coins to try and liquidate can actually do something.

Specific Double-Up example

Here’s one example:

This was Centra (CTR) right before getting delisted on Binance (April 5th, 2018).  The founders of Centra got arrested for fraud and the coin’s price tanked.  Look at “Price per unit” column — the initial buy in February on this coin started at 11,450 satoshis and in less than a month experienced six (6) double-up’s.

Then it sat for almost another month.  When the news hit about the founders, and the price was already down to 1411 satoshis (down 90%!!!) there was a significant amount invested in this bag.

Here were the factors:

  1. A lot was already invested in the coin
  2. The amount invested was done when BTC was a high USD price
  3. The average price was way too high to reasonably expect it to recover
  4. The current price was so low, that not a lot of new investment was needed to drastically reduce the average cost
  5. The current BTC price was a low USD price

Some may wonder why factors #2 and #5 matter — here’s why:  If it’s a win, there’s profit.  If it’s a loss, the loss is significant for tax reasons, without a requirement for having to actually invest a ton more now.

With this example, Gunbot had performed the automatic double-ups, so any double-ups needing done had to be made manually.  The purchase of 1505 CTR was a manual purchase, which brought down the average bought price significantly, but the price kept going down.  When the price hit below 750, another manual purchase of 3010 CTR was made, making for a total of more than 6000 coins.

Then the price rebounded, and Gunbot took over.  It rode the price up to 2662 and sold for a 17% profit!

This, of course, is a risky move — and noone should ever expect such high profits.  But I expect most people would even be happy with getting their money back instead of selling at a massive loss.  And that’s the point of this option.

Arbitrage

Arbitrage is the act of buying something in one place and selling it somewhere else at a higher place.  You may notice that some people just sell off their coins at Poloniex because they only have an account at that one exchange – but you, as a more experienced crypto trader, might happen to know that the coin is also for sale at Cryptopia at a 5% or 10% higher price.

This is where you might be able to make a short lived business buying coins at one place and selling them in the other after transferring.

There are a number of caveats, which include fees, transfer time, and the absolute problem of not knowing that the price will still be good by the time you’ve transferred the coins over to the new place.

Summary

When an exchange Delists a coin, knowing your options can help relieve stress.  Keep these things in mind:

  1. Check exchange for inventory whether they notify you or not.
  2. Set Gunbot to SELL ONLY unless you want more coins
  3. Consider Moving Coins to another Gunbot Exchange
  4. Consider Moving Coins to another non-Gunbot Exchange
  5. Consider Moving Coins to a safe Wallet
  6. Maybe Sell Off at a Loss (confirm the loss)
  7. Maybe Use Double Up or Arbitrage (risky)

 

  • This is not specific Financial Advice.  GBU is not a Financial Advisor

FIRST GBU LIVE Recording is available on website

At long last, we have finally published a GBU LIVE recording on the website — please come check it out.

https://gunbotuniversity.com/2018/05/13/gbulive-2018-05-13/

We covered Reversal Trading in depth, but not before we previewed Gunbot 10, a review of the markets, some coin recommendations before Consensus, our Affiliate program and how to handle FIAT Pairs.  Oh, and after the featured content about Reversal Trading with our guest co-host Master Teacher Poy, we had a robust Q&A session featuring:

  • Why does TSSL have Trail_Me for DU and RT only and not BUY/SELL?
  • Where are the strategies and settings in the slack?
  • What’s the ratio of trading limit and funds reserve?
  • How to choose coins?

You must be logged into the Gunbot University site to view the video.  If you have lost your password or your login / membership does not work, fill out the Feedback form at https://gbu.run/feedback and we will fix it for you – we want to make sure you have reasonable time to access this and other videos as promised.

We will start publishing the back catalog of 30+ other videos shortly.

Professor Wally

Know Your Limits

Know your limits

Configuring Gunbot can be an art, and it can be a science.  One of the most basic configuration elements is setting the proper limits to tell Gunbot how much to trade.  This article explains those basics and then some tips on how to avoid mistakes.

Know your limits

What’s Going On

Gunbot needs to be told what to do.  It needs to know what pairs you want to run, what strategies to run on those pairs, what Telegram account to notify of massive profits, and so much more.

One of the most fundamental pieces of information Gunbot needs to know is your budget.  Some people trade with very low amounts… skirting with the minimum order size that the Exchange will allow, and others trade with amounts that would make most people’s head spin.

In order to tell Gunbot your budget, you don’t tell it the total amount you have to play with, nor will it assume all the crypto you have in your account is fair game and auto-budget itself. It must be told how big each trade should be, and needs to know how to tell if an amount is too small to care about.  These small amounts, also called “dust”, might prevent Gunbot from trading if it’s not told to ignore them.

Limits Explained

Like with any configuration element, your first trip to learn about it should be the official Gunbot wiki.  That’s where the latest intel resides about variables, default settings, strategies and what’s latest in the most recent version.

Let’s see what the wiki has to say about these limits (the wiki, like Gunbot, has evolved over time):

ParameterDefault valueDescription
TRADING_LIMITStrategy dependentValues: numerical – represent an amount in base currency.

 

This value defines the trading limit for each buy order. Make sure to always set this higher than MIN_VOLUME_TO_BUY & MIN_VOLUME_TO_SELL.

When you set this to 0.1 and trade BTC-x pairs, Gunbot will place a buy order worth 0.1 BTC each time it buys. When trading a fiat pair like USDT-x, set a whole number like 100 as TRADING_LIMIT.

GBU NOTE: On Gunbot version 10 and earlier, only use whole numbers for fiat pairs.

MIN_VOLUME_TO_BUYStrategy dependentValues: numerical – represents the total value of a coins holdings in base currency.

 

Sets a threshold for buy orders. Prevents orders from being placed when TRADING_LIMIT is lower than this value. Set this at least to the minimum trade size of your exchange. When trading a fiat pair like USDT-x, set a whole number like 10 as MIN_VOLUME_TO_BUY.

GBU NOTE: On Gunbot version 10 and earlier, only use whole numbers for fiat pairs.

MIN_VOLUME_TO_SELLStrategy dependentValues: numerical – represents the total value of a coins holdings in base currency.

 

Sets a threshold for sell orders lower than the exchange minimum trade size. If you own less than the set amount, sell orders will not be placed and Gunbot goes into buying mode. Set this at least to the minimum trade size of your exchange.When trading a fiat pair like USDT-x, set a whole number like 10 as MIN_VOLUME_TO_SELL.

When you hold 0.006 (in base currency) of a coin and have set MIN_VOLUME_TO_SELL to 0.01, Gunbot will not try to sell your current 0.006 balance because it is below the set threshold of 0.01, instead it will place another buy order first as soon as buying are met.

GBU NOTE: On Gunbot version 10 and earlier, only use whole numbers for fiat pairs.

What does this mean?

So, the first thing we learn is that TRADING_LIMIT does not represent your entire budget – it’s the amount Gunbot will trade per pair.  This is important, because every new pair you add to a Gunbot instance can possibly spend at least TRADING_LIMIT amount of your funding currency.

Use funding currency terms

Speaking of funding currency, that’s the second thing we need to know about TRADING_LIMIT  The amount you put as this value needs to be expressed in the same coin as you are using as the funding currency.  In Gunbot, this is the first coin of the pair.  For example, if the pair you run is BTC-OMG , then “BTC” is the Funding Currency (aka “base”) and OMG is the coin you want to buy (aka “quote”).  If your pair is ETH-LTC then Ethereum is your base and LiteCoin is your quote.  In Gunbot’s terms, the base comes first and quote comes second.

Note: As of Gunbot v7, all pairs are denoted in “BASE-QUOTE” format with a dash in the middle, regardless of how the Exchange expresses or denotes the format.  For example, Cryptopia might say “ETH/BTC” with a slash, or Kraken might put it backwards and use “XLTCXXBT” with an extra “X” in front of each asset, but only some, but Gunbot’s notation would be ETH-BTC for the Cryptopia example and BTC-LTC for the Kraken example.

So, put the TRADING_LIMIT in the same terms of the base.  If you run BTC-xxx pairs, then you should put the limit in as a Bitcoin amount.  ETH-xxx pairs need Ethereum values as the limit.

FIAT is “special”

There’s a special case for FIAT pairs (USD, EUR, USDT, TUSD, etc) where not only do you need to put the amounts in FIAT terms (100 for $100, for example instead of 0.001 BTC for a $10k bitcoin value), but in versions 10 and earlier, you also need to not use any decimals.  WHOLE NUMBERS ONLY (this is reported to be “fixed” in later versions, although I have not tested it).

Good:

TRADING_LIMIT: 120

Bad:

TRADING_LIMIT: 120.50

TRADING_LIMIT: 0.001

This goes for all “currency value” settings: TRADING_LIMIT, MIN_VOLUME_TO_BUY, MIN_VOLUME_TO_SELL, and FUNDS_RESERVE.   It also applies to Ping Pong Strategy variables PP_BUY and PP_SELL.

The reason you want to not use decimals in FIAT is that — if there are decimals present, the most likely reason is that you didn’t change it from defaults, and you’re probably using minuscule amounts like 0.002.  You do not want this.

MVTB and MVTS – what are they?

The other two main configuration elements regarding actual money values are MIN_VOLUME_TO_BUY (MVTB) and MIN_VOLUME_TO_SELL (MVTS).  These help Gunbot understand when to buy and when to sell.

Dust explained

“Dust” is a term crypto traders use to describe very small amounts of crypto in an account.   Just like when you use a saw to cut some wood, the action of sawing not only gives the intended result (wood that is cut), but it also produces material as a side effect of performing the sawing — namely, dust.

Dust is important to understand, because you can accumulate dust in many ways in the crypto world.

For one, if you have, say 10.05634 EOS coins in your account, and you are only able to sell 10 of them, you will have 0.05634 EOS left in your account.  This might happen because your sell order couldn’t be matched up to an exact sell order that filled all 10.  Maybe your order was matched up to two buy orders – one for 6 EOS and one for 4 EOS.  Then when it came to try and get rid of the remaining amount, the order would be too small for the exchange to honor.

Another way you might get dust is from small micro-deposits, such as from Binance’s referral program.  Binance gives fee commissions for anyone you refer. It started off at 50% and is currently 20%.  So when someone you refer makes a trade, they have to pay a fee on that trade.  You get 20% of that fee.  The fee is already small – usually 0.1% if no BNB is used and 0.05% if BNB is used.   Therefore you’d be getting 0.02% or 0.01% of their trade, which is almost guaranteed to be a minuscule amount.  This becomes dust in your account.

Binance has since updated their referral program to allow double commissions if you own 500 BNB tokens in your account.  Please see those program specifics for most updated rules and conditions.

MIN_VOLUME_TO_BUY (MVTB)

This setting allows Gunbot to avoid dust.  Normally, dust clogs up Gunbot and prevents it from trading.  Basically, it won’t initiate a trade if you already own some value of the coin.  However, since “dust” needs to be ignored, Gunbot needs to know what you consider “dust” vs “substantial enough to notice”.

Once you have at least MVTB amount of coins in your account, Gunbot goes into sell mode.  If you have less than MVTB coins, Gunbot is in buy mode.

MIN_VOLUME_TO_SELL (MVTS)

After reading the wiki entry for MVTS, you might think it’s basically the same as MVTB, since it says “threshold for sell orders”.

However, there’s a difference between when Gunbot should be in a Buying mood (crypto amount is less than MVTB) and when Gunbot should be allowed to sell (crypto amount is more than MVTS).

There’s also a difference between Gunbot being in a selling mood and Gunbot being allowed to sell.

How to Set Appropriate Limits

Now that we’ve reviewed a ton of detail on each of the settings, you might just be asking “ENOUGH ALREADY!  WHAT DO I PUT HERE?!?!?!”

Here are some tips on how to set the right amount:

Rule #1: MVTB should be less than or equal to TRADING_LIMIT.

Rule #2: MVTB and MVTS should be greater than or equal to the Exchange’s Minimum Order Size.

If you set this too low, then Gunbot will attempt to make orders, but the Exchange will kick them back.  It’s not like Gunbot is going to auto-increase the values for you – it is your money after all.

Rule #3: It’s ok and common for MVTB and MVTS to be the same

You can set MVTS higher, but be careful that you don’t make Gunbot stop selling while it’s unable to buy.  Most commonly, these two values will be the same amount.

Rule #4: It is highly recommended that TRADING_LIMIT be higher than MVTB  to avoid the “Double Buy Exploit“.  Target would be 3x to 4x, but it’s usually enough to make it 1.5 to 2x.

Many people, and the defaults in previous versions of Gunbot helped with this, use the same amount for `TRADING_LIMIT` and `MVTB`.  However, if you do this, then you are subject to experiencing the “Double Buy Exploit”.  It’s not an actual exploit from a security perspective, and it’s not a bug in any way.  It’s just a consequence of Gunbot doing exactly what you told it to do.

Rule #5: If you’re too Greedy, you’ll suffer in bear markets

Many beginner crypto traders, and especially Gunbotters, look to their right and see someone who has tripled their money with amazing trades.  They look to their left and see another person who’s made 10X gains and brags about the constant profits.

So, naturally, they think that’s what crypto is, so they set Gunbot running and give all their BTC to Gunbot.  It might work for a little while, but eventually the bear cycle comes around and BAGS happen.  And because they were greedy and gave all their BTC to Gunbot, Gunbot did exactly what it was told to do, and pretty soon, all the BTC is gone and all the trader has is a bunch of heavy bags that have lost value.  Instead of blaming themselves and their greedy nature, or their rush to use a tool they didn’t understand, or their tendency to believe those people who claimed 10x gains and didn’t disclose the losses (who brags about the realities?), they blame Gunbot.

We at GBU recommend you use much less than all your BTC when botting.  First, you need room to handle your bags.  Bags happen to everyone and there is no magic formula to eliminate all of them fast, cheap, and cleanly.  You should always keep dry powder, and use much less budget than you think.

When I started off, I used the lowest amount both I and the exchange could stand, and only ran enough pairs that I used 10-20% of my available BTC.  This gave me enough room to learn Gunbot’s settings, to make sure I didn’t make wild mistakes, and when the bear market came, I had plenty of BTC to move to other pairs, use Double Up or move my bags off to another wallet.

With the above guidelines, you should be good to start with what is good for your risk profile, your preferences and your specific situation.

Double Buy Exploit

Example: let’s say you run BTC-ETH pair and have 0.002 set for both TRADING_LIMIT and MVTB.  This means when you have less than 0.002 BTC worth of ETH in your account, Gunbot feels like buying.

Then, ETH becomes tasty and Gunbot buys some.  It buys 0.002 worth and it’s now in your account.

Well, Gunbot usually buys on a downtrend, if it’s configured like most people want.  If ETH value continues to drop after Gunbot purchases it, then you will have, say 0.00195 BTC worth of ETH in your account.

If this value stays there for the next cycle, and Gunbot has a low TRADES_TIMEOUT and isn’t using the safety switch, then, per the rules you have configured, 0.00195 BTC worth of ETH is now considered “dust”.  It’s free to buy again!  If the conditions are still ripe for buying, Gunbot will then purchase another TRADING_LIMIT amount of ETH (0.002) and it will be added to the wallet.

Now you have 0.00395 BTC worth and that amount is greater than MVTB, so it won’t buy again.

This shows up as a “double buy” in your trading history, because it will show two purchases of 0.002 close together. You might think Gunbot is double-buying by mistake, but it’s doing what you told it to do.

Exchange Minimum Order Size

At time of writing, here are the different Gunbot-supported Exchange minimums:

ExchangeMinimum
(BTC)
Notes
Binance0.001Binance used to be 0.001, then changed to 0.002 and is now back to 0.001.  It also has additional minimum requirements more than just order size, such as minimum number of coins. Also, many coins must be purchased in whole numbers and not fractions (this doesn’t impact TRADING_LIMIT, however – Gunbot will automatically round the order to a whole number when needed). Binance also publishes their Trading Rules online.
Bittrex0.001Bittrex used to have a 0.0005 limit and then issued an announcement in November 2017 where they said the new limit is 0.001.  However, we’ve seen that we can still place orders for 0.0005 for many coins, if not all of them. Maybe Bittrex is slow in implementing and enforcing the rules, but GBU recommends following the published guidelines.
Poloniex0.0001Polo’s minimum is the same for all the funding currencies – BTC, ETH, XMR and USDT.
Kraken0.002Kraken’s minimum orders vary by currency – 0.002 is the BTC minimum.  You can view all the details on Kraken’s article about the topic.
Cryptopia0.0005This is from experience and forum posts vs an official post by the company.  It used to be 0.0001.
Bitfinex<varies>The official Bitfinex post about exchange minimum order size states:  “The minimum order sizes for each trading pair is periodically adjusted to maintain order sizes that are reasonably proportioned to their values. The ultimate goal is to keep the minimum order size between 10-25 USD equivalent value while limiting the changes to the minimum order sizes to useful incremental values.
CEX.io<varies>
0.002
According to CEX.IO’s guidance posted on their website, they say:
“Trading on CEX.IO is flexible in terms of order placement, however, there are certain limitations.You can always check them by typing in https://cex.io/api/currency_limits into your address line.”BTC is listed at 0.002.  Other currencies have their respective limits.
GDAX 0.001 GDAX publishes their minimums for trading, withdrawals and deposits on their support site.

Summary:

  1. Make MIN_VOLUME_TO_BUY and MIN_VOLUME_TO_SELL at least as big as the Exchange’s minimum order size.
  2. Make TRADING_LIMIT higher than MIN_VOLUME_TO_BUY.
  3. Make TRADING_LIMIT  as low as you and the exchange can stand while you learn how to configure Gunbot and learn the market cycles.
  4. (Gunbot 10 and lower) When using FIAT pairs, use whole numbers only (no decimals).

Binance Fees Explained

If you use Binance, you might wonder about how differently they handle fees, and their BNB coin, and what you can do about it..

What’s Going On

At time of writing, Binance is the top fee-based CryptoCurrency exchange on the market.  By a huge margin.  They offer many pairs, lots of volume, have a decent interface and the API works most of the time.  It’s one of the top exchanges used by Gunbotters everywhere due to the profits gained.  Professor Bitlion wrote a series on “The Best Exchange of Them All” (GBU premium content) where he helps people choose which exchange would best work for them.

Binance introduced something revolutionary when they launched – they have their own cryptocurrency token, called BNB, that can be used for paying Trading Fees.  A Trading Fee is what all centralized exchanges charge for making or taking trades.  Some exchanges have a flat fee for all trades; others charge a different fee for makers and takers (the maker is the one who places a new order on the order book and the taker is the one who fills an existing order on the order book), and still others charge a sliding scale of fees based on volume, such as how much volume in the last 30 days.

In most if not all of those exchanges charging fees, they usually take their fee from one of the coins in the transaction.  For example, if buying LTC (LiteCoin) with BTC (Bitcoin) on Bittrex, then Bittrex takes 0.25% out of the trade from BTC.

Binance still supports that style of trading fees – the fee can be taken out of the purchased coin (not the funding coin).  But if the trader has BNB coin in their account, and has enabled the function “Use BNB for Fees”, then the fee is paid from the BNB coin instead of either the funding or the purchased coin.  This is what is new and different from the other exchanges.

The Good Points

As a Gunbotter or Day Trader or even a casual hobbyist, there are several positive traits of using a 3rd currency such as BNB to handle fees.  In fact, if someone is Gunbotting, it’s essential they understand what BNB can do for them, so they avoid losing out on the benefits.

Trading Fee Discounts

First, Binance currently offers a major discount on fees if you pay for fees with BNB.  For the first year, fees paid with BNB enjoy a 50% discount.  Binance fees are already some of the lowest around, with 0.1% being what they charge.  Compare this to Bittrex’ 0.25% and you have my attention.

The fee discount is on a schedule:


This notice was published around July 2017 so we still have some time to enjoy the 50% discount.  Then it will drop to 25% discount, and so on.

This means that instead of paying 0.25% + 0.25% at Bittrex for a normal trade – buying something and then selling it later – for a total of 0.5%, you can pay just 0.1% total (0.05% + 0.05%) for the same trade.

An 80% savings in fees is incredible, especially for Gunbotters who generate a flurry of trades 24×7.

Keeping Coins Whole

The second major reason for using BNB, especially when you use Gunbot and make a lot of trades, is that the coin you buy and the coin you buy with are both kept whole.  Since Binance requires most coins to be transacted in whole amounts, or on some coins only allowing one or two decimals, this becomes increasingly important.

Here’s an example of a typical trade without BNB:

  1. You configure Gunbot to run on BTC-EOS pair with a typical minimum TRADING_LIMIT of 0.001.
  2. Gunbot buys 0.001 BTC worth of EOS.  It has to buy them in whole number increments, so it buys 2.00 EOS
  3. The fee (0.1%) is calculated from the value of the trade and then the fee is paid with the bought coin (EOS).  So, EOS is re-evaluated in BTC terms and 0.1% of the value is deducted from the resulting EOS you receive.
  4. You are now the proud holder of 1.998 EOS
  5. Imagine the value of EOS went up.  CHA-CHING!
  6. Gunbot sees the price has gone up according to the strategy you run.  It goes to sell the EOS, and sees that it has 1.998 EOS to sell.  However, Binance requires whole numbers, so it rounds down to 1.0 EOS
  7. It tries to place a sell order for 1.0 EOS, but that is less than 0.001 BTC worth.  Binance kicks back the order, saying “your order needs to be at least THIS big to tradeGo home, kid.
  8. You are now stuck with this EOS bag until the coin doubles or you manually fix it by buying more EOS at the current price.

Now, here’s the same trade, but with the trader owning BNB:

  1. You configure Gunbot to run on BTC-EOS pair with a typical minimum TRADING_LIMIT of 0.001.
  2. Gunbot buys 0.001 BTC worth of EOS.  It has to buy them in whole number increments, so it buys 2.00 EOS
  3. The fee (0.1%) is calculated from the value of the trade and then a discount is applied (50%), so the fee ends up being 0.05%.  The fee is paid with the BNB coin.
  4. You are now the proud holder of 2.0 EOS
  5. Imagine the value of EOS went up.  CHA-CHING!
  6. Gunbot sees the price has gone up according to the strategy you run.  It goes to sell the EOS, and sees that it has 2.0 EOS to sell.  It knows Binance requires whole numbers, so this is fine.
  7. It tries to place a sell order for 2.0 EOS, and the order goes through because it meets the minimum order size.
  8. You have now profited.  Continue the cycle again, because that was fun!

Result: Using BNB for fees keeps your purchases whole so that you can more easily sell them.

It also helps tremendously with profit calculations since the fee is actually a separate transaction.

The Catch

We’ve gone over a couple major benefits to using BNB for fees. However, there is a catch to trading at Binance that should be pointed out.

As mentioned briefly in the example above, Binance disallows fractional trading on most coins, and on the other coins, it allows it but only to 1 or 2 or 3 decimals, depending on how expensive the coin is.  Said another way – at Bittrex, I can sell 1.99988882 EOS without a problem.  At Binance, I cannot sell 1.99988882 EOS – I have to sell 1 or 2 or some whole number.

This means that for many trades, you collect “dust” – which is a small amount of a coin left over or hanging around in your balance – that you cannot sell!

You don’t just collect dust from trades made without BNB token to pay the fees.

Dust from Binance referrals

Dust can also collect if you participate in Binance’s referral program.

Binance rewards affiliates by giving participants a percentage of the fees their referral pays.  This results in tiny micro-deposits of all sorts of coins, and the more you refer, and the more active they are, the more deposits you receive.

If someone you referred bought LTC with BTC, then they will pay 0.1% fee in LTC, and you will receive a percentage of that fee.  A tiny amount of LTC will just magically show up in your account.  And you cannot sell a tiny amount of LTC for BTC.

How to handle Binance dust

If you can’t sell a tiny amount of LTC for BTC, how do you handle it?  Is Binance tricking us all?

Well, this is the other use of BNB coin.   There are several coins on the BNB pair list.  You can’t sell a tiny amount of LTC for BTC, but you can sell a tiny amount of LTC for BNB.

Not every coin at Binance has a BNB pair.  For example, at time of writing, EOS doesn’t have a BNB pair.  So if you find yourself with a fractional amount of EOS, you are stuck with it until you collect more dust to fill in the gap to the next whole number.

But there are plenty of pairs that do provide a BNB option… and this is where you can periodically sell off your dust, or more likely for Gunbotters – purchase the dust you need to top off the coin to a whole number.

So, if you find yourself botting BTC-IOTA and then all of a sudden you have 0.8 IOTA you can’t get rid of, you can go sell it on the BNB-IOTA pair (IOTA/BNB in Binance terms).

The Bad Points

You probably thought “The Catch” was all there was.  Nope – there’s another catch.  And that’s if you use CoinTracking.info or other sites that pull trade history via API.

GBU gunbot university cointracking referral link discount

Normally, when CoinTracking pulls in trades from an exchange, it is able to discern the fee and includes this on the actual transaction.  For example, if you bought LTC with BTC, then this transaction would be one transaction in CoinTracking showing the purchase price and amount, the funding price and the amount, and then a fee and specify which coin was used for the fee.

However, with Binance, these fees are not associated correctly.  At time of writing, CoinTracking‘s recommendation is to create an additional transaction as [OUT] Lost for the fee.  That can result in a LOT of transactions for active Gunbotters.  Many Gunbotters have hundreds of transactions a day, so a manual correction is not feasible.

One would expect a more automated tool to address this in the future, either CoinTracking calculating it correctly, or a 3rd party tool to help run a report, find the fees and then insert the appropriate information into CoinTracking. I don’t know if a second transaction is feasible, but I can see a group-by-day or a group-by-week or a group-by-month offset transaction being entered to keep the BNB balance correct as well as appropriately handling fees for tax reporting purposes.

Summary:

  1. Using BNB can result in non-trivial discount on trading fees.
  2. Binance disallows fractional trading on many coins, which can clog up Gunbot.
  3. Paying fees with BNB can keep coins whole so you can easily sell what you bought and preserve profits.
  4. BNB coin pairs help A) sell off dust to reclaim stuck profit or B) purchase dust to make a coin’s balance whole enough to sell.
  5. Binance’s referral program creates dust, and must be handled manually.
  6. Tracking BNB Fees in services like CoinTracking.info can be difficult or inaccurate.

How to change port of Gunbot’s GUI for better security

As of Gunbot v8.0.3, Gunbot’s GUI (gunthy-gui) defaults to port 5000 and for security reasons, you might want to change it. (the default for

What’s Going On

Gunbot v8 and later (XT, CS and RT) can run in two modes – by itself on the command-line (aka “Gunbot Core”) or with a GUI (aka “Gunbot GUI”).

Gunbot v8, v9: Gunbot itself is the “gunthy” executable (named either gunthy.exe, gunthy-linx64, gunthy-macos, or gunthy-arm) and is what runs in both modes.  The GUI is optional.  The GUI (named gunthy-gui) presents a friendly interface for configuration, control and surface-level monitoring, and then runs the gunthy executable for you.

Gunbot v10 and later: Gunbot executable is just one file, and based on your configuration file (config.js), it will either run in “Gunbot Core” mode or “Gunbot GUI” mode.  This is in the “GUI” section of the config file.

“enabled”: [true | false]
“start”: [true | false]
“port”: 5000

In Gunbot v10 and up, if “enabled” is true, then the GUI will run on the “port” specified.  “start” indicates whether or not Gunbot Core should automatically start when Gunbot runs.

Both gunthy and gunthy-gui use what’s known as a network port to communicate with itself or other components.  For Gunbot, this is configured in the “ws” section of the config.js file and contains “port” and “clientport” settings. For the GUI, this is an HTTP port (not configurable from the config.js file in Gunbot versions before v10) and is part of the URL you can use to access the GUI, both locally on the box and from an external system.

Default port

The default port that Gunbot GUI runs on is 5000.  This means you would access “http://localhost:5000” when you’re actually accessing the system that runs Gunbot directly, or “http://<ip address>:5000” when accessing the system remotely.  If you have a DNS server or hosts file, you can configure those to point a user-friendly name to the IP address, such as myvpsisawesome.gunbotuniversity.com.  If you do that, you would still add the “:5000” at the end so the full URL is http://myvpsisawesome.gunbotuniversity.com:5000.  Without the “:5000” at the end, then your browser tries to connect to port 80 (http) or port 443 (https) and this won’t work.

Why Security is Important to Some

If you leave the Gunbot GUI settings at default and use the default port of 5000, then you run the risk of being too-easily discovered by remote systems.  Once it’s known that the default port is 5000 for Gunbot, there are hackers, crawlers and systems such as http://shodan.io that can collect data and tell others that you’re running Gunbot.  Shodan even has a gunbot query already set up so that you can search for Gunbots on the network.

I don’t know about you, but I’d rather my Gunbot GUI not be so easily found.  It won’t be long before we hear of some Gunbotter whose system was hacked, DDOS’ed or otherwise compromised and losses occur.

The first step in making your Gunbot more secure is to change from the default port.  There are other steps you can take, such as using a VPN to access your GUI, limiting the IP addresses that can talk to your server, on these ports, and adding SSL certificates (Gunbot v8, v9 require a reverse proxy; Gunbot v10 and up can have SSL natively supported if you have a certificate).  Those steps are not covered in this guide.

How to Fix

Change your port number

How to change your port number is different with various Gunbot versions.  You want to pick a port number that makes sense and will work:

  1. Well known ports are ports 0 – 1023. You should not pick these ports unless you know what you’re doing and have taken appropriate security precautions.
  2. Registered ports are 1024 – 49151.  It’s ok to pick a port in this range, as long as you don’t pick a port that conflicts with something else running on your machine.  You may or may not want to use common registered ports that systems frequently search for, like 8000, 8080
  3. Make sure you do not pick the same port that’s listed in config file under ws:port.  or clientport.  Generally, this means avoiding 5001 and 3000.
  4. Dynamic / private ports are those from 49152 to 65535.

Gunbot v10 and later:

In the `config.js` file, Change the “GUI”: port parameter from something other than port 5000.

"GUI": {
   "enabled": true,
   "start": false,
   "port": 5000, <--- change this

For example, if you change it to 5158, then you would access Gunbot GUI at http://<your IP address>:5158

Gunbot v8, v9:

In order to change the default port that gunthy-gui uses, you need to set an “environment variable” called PORT to the port number you want the GUI to use.  Depending on what operating system you use, how you change this varies.

For Windows users, you set the port before you run the command:

set PORT=5003
gunthy-gui.exe

This should now make the GUI respond to URL with :5003 at the end instead of :5000.

You can also make a batch file to launch Gunbot GUI:

@echo off
set PORT=5003
start /d gunthy-gui.exe

For Linux/MAC/ARM users, you can do it all on one line.  From the directory gunbot is installed, running the following will launch the GUI and use port 5003:

env PORT=5003 ./gunthy-gui

If you use pm2, you can do the same thing on one line:

env PORT=5003 pm2 start ./gunthy-gui --name binance

Then use your normal pm2 list all and pm2 info binance and other commands to manage the gunthy-gui process.

Websocket port

It’s important to note that the PORT that the GUI uses to speak HTTP is not the “clientport” in the config file.

"ws": {
"port": 5001,
"clientport": 3000,
"hostname": "127.0.0.1"
},

In Gunbot v8, websockets were important and it impacted how clients talked with graphs and such on the GUI.  This is less so in later versions and supposedly websockets are not used at all.  However, both of these ports *are* used.

This 5001 port here can be changed as well, but it needs to NOT conflict with any other port being used on the system.  You cannot use the same port for ws:port and PORT=xxxx.  They must be different ports.

Multiple instances on same device

Most of the time, you don’t need to change ws: port setting.  However, if you run multiple Gunbot instances on the same machine manually, then each port needs to be unique.

For example, the first time you install Gunbot on a machine, it can run with port:5000 for the GUI and port:5001 for ws:port.  If you put a second Gunbot instance in another folder and want to run it, you need to change ws:port from 5001 to something else, like 5003.  If you also wanted a second GUI running, you would use the changes described earlier, and maybe use 5002 for that.

Also, if you are accessing your Gunbot GUI from a remote system, you will want to change the hostname setting inside of ws to be the IP address or FQDN (fully-qualified domain name) of the machine running Gunbot GUI.  For example, if you’re using a VPS, you would put in the IP of the VPS. Otherwise, in Gunbot 8.0.3 and earlier, the GUI will be slow and open up a lot of websocket connections to a box that won’t respond (again, this was much more the case in Gunbot v8 than later versions, but I still highly recommend changing hostname anyway)

For example:

"ws": {
"port": 5021,
"clientport": 3000,
"hostname": "4.2.2.1"
},

Or

"ws": {
"port": 5021,
"clientport": 3000,
"hostname": "myawesomegunbot.gunbotuniversity.com"
},

Gunbot version 9 no longer uses websockets and doesn’t officially require the hostname update, although GBU still recommends the change.

Note: in previous versions, running multiple GUIs, even when changing the port, didn’t work well for me.  I haven’t tested it in version 8.  Instead, I just spin a new VPS for another instance so that I’m not subject to any IP address problems, resource constraints, or interoperability issues.  As of version 10, there aren’t any known issues with this.

Summary:

  1. If you keep default settings for things like what port the GUI listens to, you increase your risks.
  2. It’s fairly trivial to change the GUI port so you’re not so easily found.
  3. While the instructions differ for older versions, the port can be configured in the config.js file under the GUI: port setting.

 

Help me understand Gunbot’s MFI – Money Flow Index

Do you want to know more about Gunbot’s Money Flow Index, or MFI?  Here are some things you will want to know.

What’s going on

The BTC/USD money flow index (MFI) is calculated by Gunbot looking at the ASK book of BTC/USD and takes both price and volume information. It’s supposed to help indicate overbought or oversold conditions, much like RSI (Relative Strength Index) does. However, RSI indicator is price-only, and the benefit of the MFI is that it uses volume as well. Volume can help predict a pump or dump.

So, MFI is a volume-weighted RSI-type metric. If BTC/USD is oversold, the MFI number goes lower and lower. The idea is that oversold BTC/USD means the volume is growing on the ASK book, and that means there may be a pump of BTC soon.

MFI is a volume-weighted RSI-type metric

Why MFI is important to some

Anyone who’s been around crypto a while knows that pumping of BTC price might mean the altcoin’s value will drop in contrast. So, OKKIES_MODE is a feature Gunbot offers that allows you to temporarily stop Gunbot from trading if it senses a BTC pump coming up.

For a long time in crypto, when BTC “mooned” (shot up in value quickly), the altcoins bled in the streets.  There wasn’t enough liquidity or ability to buy alts with anything but BTC.  But as the market grew, and more ETH pairs, BCH pairs, XMR pairs, USDT/TUSD/USD pairs came online, there were more ways to buy altcoins than just with BTC.  For this reason, it’s more and more common that when BTC moons, so will several altcoins, which is different than it was for many years.

The original scenario of “BTC rises signals ALTs demises” is still valid for many pairs much of the time.  Because of this, if BTC rises and ALTs drop, Gunbot would normally see a price drop of an ALT as a buying opportunity.  It would buy the ALT and then be left with a bag because BTC kept rising and rising, and then set a new high and sit there.  The likelihood of the ALT price recovering any time soon was not very high.

OKKIES_MODE was created to help Gunbot prevent getting into a bag situation.

But more recently, it has indicated the opposite, so it’s not as hard and fast of a rule as it used to be.  For this reason, the savvy Gunbotter won’t just blindly turn this on or off – it doesn’t always mean it will protect against bags all the time.  It is recommended that Gunbotters review pair-by-pair what that specific coin pair’s likelihood is of tanking when BTC goes up.  You can use Allanster’s backtesting tuners on Trading View for help with that.  Check out the tuners on Trading View or two posts on Gunthy Forums: here and here.

How it’s Used

BTC_MONEY_FLOW is the setting in the config you want it to use as a threshold to decide whether to make trades or not.  OKKIES_MODE is what you set to true or false as to whether or not you want Gunbot to collect (v8) or care (v8 and v9) about this metric.

Default setting:

Most strategies come with default setting of “true” and “35” in Gunbot version 8.0.3.  TSSL Strategy uses default of “false” and “32”.

"OKKIES_MODE": true,
"BTC_MONEY_FLOW": 35,

On some exchanges, the MFI isn’t calculated easily or consistently.  Be sure to review console logs for the MFI values and make sure they are coming across, if you have OKKIES_MODE turned on.  In Gunbot version 8.0.3, if OKKIES_MODE is false, then the Money Flow Index values will show “undefined”.

When MFI has prevented Gunbot XT from buying, you will see a message that says

There is too much enthusiasm… waiting to buy

Summary:

  1. If Gunbot produces bags for you when BTC price pumps, consider enabling OKKIES_MODE and setting the `BTC_MONEY_FLOW` to 35 or lower.
  2. If your exchange or pair produces “undefined” results for MFI when you have `OKKIES_MODE` enabled, disable it.
  3. Before blindly setting this variable, research a coin pair’s history of reaction to BTC pumps.

 

 

 

How do I fix Telegram api – make sure that only one bot instance is running errors?

originalHost: ‘api.telegram.org’,
originalHostHeaderName: ‘host’,
responseContent: [Circular],
_destdata: true,
_ended: true,
_callbackCalled: true },
toJSON: [Function: responseToJSON],
caseless: Caseless { dict: [Object] },
read: [Function],
body:
{ ok: false,
error_code: 409,
description: ‘Conflict: terminated by other getUpdates request; make sure that only one bot instance is running’ } } }

You might see this error in your err.log or console log or in the GUI.

What’s going on

Gunbot version 8 added direct Telegram support.  Whenever there are buys or sells, Gunbot can connect to the Telegram API and send you a message.  It requires a chatbot token, your Telegram id and an arbitrary label.

If you’re running just one bot, you might not see this very often.  However, if you run multiple bots (or the one bot is very busy), you may see this error.

First, don’t worry.  This error doesn’t mean there’s anything wrong with Gunbot, or your trades aren’t happening.  It only means you are missing out on a few Telegram Notifications about buys and sells.

Second, Gunbot caches the missed telegram notifications.  So, if it had a problem trying to send you a notification yesterday, it’s going to KEEP TRYING to send the notification, but it will most likely keep getting this error.  So, you will continue to see the error until you restart Gunbot.

How to Fix It

For Gunbot Version 8, there’s not much you can do to permanently fix the problem other than creating a different chatbot for each Gunbot instance.  And even that won’t 100% fix the problem.

According to several reports, such as this one, this problem is caused by an outdated set of code.  It’s most likely that Gunbot has this older node_modules compiled into it, and will continue to have the problem until the next version.  It is rumored that Gunbot v9 no longer has the problem, so GBU’s guess is that the newer node_modules was compiled into Gunbot v9.

In order to stop getting errors for the telegram notifications it’s continuing to retry, you need to restart Gunbot.  That clears the cache of missed notifications and it will stop retrying.  You’ll be good until the next notification that fails.

So, in summary:

  1. In Gunbot Version 8, make a different chat bot for each instance.
  2. Restart Gunbot to clear out old notification retries
  3. Wait for Gunbot Version 9, which supposedly fixes the issue.

 

 

 

How do I fix Cannot read property ‘askPrice’ of undefined error?

TypeError: Cannot read property ‘askPrice’ of undefined
at Binance.parseOrderBook (C:\snapshot\Gunbot-master\ctx\js\binance.js:0:0)
at module.exports.fetchOrderBook.Promise.binance.allBookTickers (C:\snapshot\Gunbot-master\ctx\js\binance.js:0:0)
at Request.module.exports._makeRequest.request [as _callback] (C:\snapshot\Gunbot-master\ctx\helper\binance\binance-api.js:0:0)
at Request.init.self.callback (C:\snapshot\Gunbot-master\node_modules\request\request.js:186:22)
at emitTwo (events.js:126:13)
at Request.emit (events.js:214:7)
at Request. (C:\snapshot\Gunbot-master\node_modules\request\request.js:1163:10)
at emitOne (events.js:116:13)
at Request.emit (events.js:211:7)
at IncomingMessage. (C:\snapshot\Gunbot-master\node_modules\request\request.js:1085:12)
at Object.onceWrapper (events.js:313:30)
at emitNone (events.js:111:20)
at IncomingMessage.emit (events.js:208:7)
at endReadableNT (_stream_readable.js:1056:12)
at _combinedTickCallback (internal/process/next_tick.js:138:11)
at process._tickCallback (internal/process/next_tick.js:180:9

You might be getting this error and wondering “what did I do wrong?”  “How do I fix it?”  “Why does botting hate me?”

This error message – keyed on the TypeError: Cannot read property askprice of undefined tagline – usually means one MAJOR thing is wrong with your configuration.

One of your pairs is wrong.

“But, my pairs are right!” I can hear you saying.  Check again, I say.

Gunbotting isn’t a science – it’s an art.  Go through your pairs and actually check on the exchange if they exist. Gunbot does what you tell it to do, even if it’s wrong.

For example, if you’re running Binance, and you didn’t correct the typo in the default config, you might be running BTC-IOT instead of BTC-IOTA.

If you use the GUI, and gunbot and Trading View support the exchange, then the graph will show you if the pair is good or not.  If you see an actual graph, then your pair is for sure good.

However, if you see “Invalid Symbol” then that’s telling you that the pair is no good.  Remove it.

invalid symbol

If you’re sure the pair name is correct, then it could be an API error, or, in some cases, the Exchange allows the coin to be traded normally (ie, through the web interface) but the Exchange doesn’t allow API trading.

Other things to check if all else fails:

  • Ensure your API key is valid on the Exchange.
  • Ensure your time is synced properly
  • Make sure you’re not banned from the Exchange on a temporary IP ban or a permanent ban.

 

Being a Gunbotter Means Being of Two Minds

Many times, when the Bitcoin price goes UP, people rejoice because their portfolios go up (yay!), but they forget that it usually means that ALTCOINS *in relation to bitcoin* go DOWN, which means either Gunbot trades dwindle (reduce in frequency), or, worse, bags occur (gunbot purchases a coin at an “high price” and holds onto it for a long time, unable to sell at a profit.

And then, when Bitcoin price plummets, they cry about it.  But then they make all these profits.

Such is the cryptocurrency see-saw.

Prices go up…

  1. Bitcoin price goes up == people get happy because they’re richer, but sad because bags happen, or not so many trades.
  2. Bitcoin price goes down == people get sad because they’re poorer, but happy because bags get removed, or more trades happen.

Prices go down.

It’s like they can’t make up their mind whether to be happy or not. Or put another way – some people? They can’t be happy no matter WHAT happens. They complain, and complain and complain.

From January 2017 to about October 2017, Bitcoin’s rise was volatile, sure, but not near as volatile as November and December 2017.  The swings were epic.  A $5000 swing in one day?!??!

This is why Gunbot University Professors recommend important safety measures ahead of time and know your exit strategies before you start botting, and before you dive headfirst into launching your bot with default configurations.

LISTEN.  When things are good, you will be popping champagne and ordering new cars and pumping your fists in the air.  But as soon as the bear market hits (and it will, several times over), you will be looking for everyone to blame – maybe Gunbot, or the Exchange, or who you bought Gunbot from, or who introduced you to CryptoCurrency… anyone but yourself.   These tips will help keep you from losing some of your cool when the bad times hit.

Always keep dry powder

bags happen

Be ready for them. If you spent all your bitcoin on feeding gunbot, and gunbot ate your lunch because the price of gunbot shot towards the moon, and you were greedy and ran bullish settings on way too many coins, and gunbot ate up every coin in sight, and then you were thinking – hey, the market is doing great! look how good BITCOIN IS DOING!!!!!

And then you have all these bags. Because then you look at Poloniex or Bittrex and you see red all over the place. That’s because it’s red IN RELATION TO BITCOIN. A lot of people in this situation lose their cool and decide to sell off their altcoins to try and get bitcoin back. But if they just wait.. a lot of times, Bitcoin will fall again, or each coin will go through their individual rise cycle, and the bag may clear.

Which is why the “Dry powder” is keeping enough bitcoin aside to reload gunbot.  The lesson here is – you don’t have to give Gunbot all your Bitcoin, all at once.  Keep a lot of it in reserve.  I, for example, only give Gunbot 7-10% of my Bitcoin to work with.  I want to be able to replenish it when it runs out.

Bag Management

When bags happen (and they will, often!), you need a plan for what to do about them.  It’s better that you figure this out ahead of time, and hopefully you’re starting out slow and with small amounts, so you can get a feel for what this is like with easy situations instead of hard situations.

The first thing you can do about bags is avoid them in the first place.  Some settings are “bag avoidance” oriented.  For example, if you have buy settings that are smarter, such as buying on Bollinger Band with “-5” or “-10” where it buys below the BB band, then it won’t buy often, but it’s a “smarter” buy.  Also, if you have TSSL as a sell strategy, with a very fast trigger, such that you get rid of the coin quickly, but are able to ride the profit range, then you won’t collect as many bags.

There are five (5) main ways you can handle a bag:

  1. Do nothing (wait it out)
  2. Sell at a loss (confirm the loss)
  3. WallyBag (move the bag)
  4. Double Up (average down)
  5. Reversal Trading (combines double up with sell at a loss)

Each of these choices has its own advantage and disadvantage in terms of how much investment of your time and other resources you have to make, and whether or not it fits with your own philosophies of trading.

1. Do nothing (wait it out)

If you do nothing, Gunbot won’t trade on that pair.  It’ll patiently wait until it can sell the coin back for a profit.  This requires the least investment of your time, other than you looking, staring at the red, and wondering when Gunbot is going to act, or wondering why you used those settings.  You may invest some time fretting at this point.

Depending on how long you have a bag, doing nothing is usually what everyone does, and is what everyone should do.  It depends on your level of patience.  Gunbot needs time to work its magic on trades.  Some trades only take a minute or two to turn around a percentage or two of profit (very rarely, I might add).  Most trades take longer.  If you’re holding a bag for longer than a few days, that’s when you might turn to the other options.

2. Sell at a loss (confirm the loss)

Some Gunbotters feel that it’s better to cut loose a coin as soon as it’s lost a certain amount of value – say, 5% or 10%.  I have zero experience in this realm of thinking as it is anathema to my entire being.  I do not ever sell at a loss.  I believe we are early enough in crypto that enough coins are still surging, or I can use Averaging Down as an option, that selling at a loss does not work for me as a philosophy.  But since there are enough people doing it, I wanted to mention it as an option, even though I cannot advise much about how it works or how to justify it.

Gunbot supports an option where if a coin loses a certain amount of value since it purchased it, it will sell it off.  I think the idea is that it would be better for Gunbot to re-enter the market at a new price point after a certain amount of lost ground, and then re-farm that new price point over and over.  That way they’re not sitting and waiting for the price to recover to the bought price, which may never happen.

While I can see the math part of that – taking a 5% loss now so that gunbot could then do ten or fifteen possible 1% profits later, the volatility of bitcoin, to me, paints too many worst case scenarios.  I can see gunbot buying a coin, then bitcoin mooning so quickly that all the coins drop 5%, and gunbot sells them at a loss.  Then gunbot re-buys when it recovers and then bitcoin moons again, repeating the process.  I don’t see a stop-gap in place to prevent the continual bleeding of bitcoin when this is in place.

If I saw this presented on paper, or in a spreadsheet, or maybe with actual trades or a console log, maybe I could get behind it, but for now, I cannot support selling at a loss.

For me, the bottom line is — it’s not a loss until you sell.

3. Wallybag (move the bag)

Wallybagging was a term coined by another Professor early on (May 2017 timeframe) for a technique I used where I would move the bags that Gunbot created from time to time from one account to another account, either at the same exchange or another exchange.   I would then set a limit sell order on the other exchange to either get the profit I wanted, or set “dream sells” to get higher profits, and then wait as long as it took.

This did two things

  1. This freed up Gunbot immediately to move on with its job at the new price point
  2. This built up a large portfolio that grew massively over time

Since crypto was and is still booming, this became an investment plan of sorts.  I gained these crypto coins at a very cheap cost – and I ended up getting my bitcoin returns on most of them anyway.  The ones that didn’t, I still usually got my USD returns.  There were a few that I didn’t get any returns on, but the vast majority (90%) of coins received profits in this manner.  All while keeping gunbot happy.

Now, because I moved the bag over to another account, I had to feed more bitcoin into the Gunbot account… which is why “Always keep dry powder” was important.  Had I given all my bitcoin to gunbot in the first place, I wouldn’t have any left over to feed it.

This worked very well with Gunbot Versions 2.x and 3.x.  With versions 7 and up, I haven’t yet performed extensive testing with Wallybagging since this version retrieves trade history of the coin(s) to get purchased price.  Before using Wallybagging on version 7 or later, I’d verify first or wait for an article or two from me on it to make sure the procedure doesn’t make Gunbot sell at a loss or something due to coins being bought but not being sold in the trading history (due to being transferred out).

4. Double Up (average down)

Double-up, or Averaging Down, is another way to handle bags, and is one of the most effective, most profitable ways.  However, the first thing that must be said is that it requires a large bankroll, and you must be willing to keep your trading limits lower than you normally might use.

Double up is not for everyone!  Double up works like this – Gunbot buys a coin.  If the coin behaves normally, fine.  Everything works like it should.  But if the coin starts to lose value and it becomes a nasty bag, then instead of the other three options (doing nothing, selling at a loss or moving it out of the way), Double Up option decides to invest MORE into the coin.

By investing MORE into the coin at a lower price, it lowers the average cost of the coin.  A lower average cost of the coin means that the coin no longer has to recover all the way to the original bought price – it only has to recover some of the way.

If the coin continues to tank, then, depending on your settings, Gunbot will invest even more — DOUBLE what it did last time.  It’s digging it’s way out.

This can get VERY expensive VERY quickly.  You can specify the multiplier (100%, 150%, 200%) and a cap of how many times it will double up, but there’s a trade-off.  If you make these too low to save money, you reduce the effectiveness of the solution and you may limit the capability of the Double Up feature to dig you out of the hole.  Then the bag you have ends up being just really heavy and you have to wait for the coin to recover.

When you use Double Up, be sure to use a LOT of BTC (or funding currency) in your wallet and low trading_limits, and few coins.  Try it out for a while before putting into place everywhere.

5. Reversal Trading

Like Double Up, this is a trading strategy that one must fully understand before it is employed. Reversal Trading was first made available in Gunbot v9.

Where Double Up keeps buying exponentially larger amounts at lower prices in order to reduce the Average Bought Price, in the hopes the coin will rise up and eventually sell for a profit, Reversal Trading sells the bag at a loss now, makes a note of it’s own actions, and then re-enters when the price has gone down a certain amount, reducing the Average Bought Price some.  The hope is that the coin will recover enough to cover previous “sell at a loss” and take advantage of the lowered Average Bought Price.

Reversal Trading (RT) is an innovative technique that Gunbot uses to offer the user another option for holding bags, but it is not something to be used casually.  There are several caveats when it comes to proper configuration, and expectations about managing a coin’s trades.

reversal trading simplified

Summary

An old Gunbotter is teaching a new cryptocurrency newb about life.

“A fight is going on inside me,” he said to the newb.

“It is a terrible fight and it is between two wolves.  One is evil – he is greedy, arrogant, resentful, bullish, prideful, wants all the bitcoin and the altcoin for himself.  When the bitcoin price goes up, he thinks the altcoin prices should go up too.  And he thinks the party never ends.  He’s full of ego.  He thinks that calm seas are the same as evidence of a good sailor.”

He continued.  “The other is good – he is calm and peaceful.  He is humble and kind, knows the truth and enjoys balance.  He rejoices when windfalls come and is prepared for when the inevitable famine times come.  He invests in his own learning, and knows greed has a time and it’s when others are fearful.  He knows to be fearful when others are greedy.  The same fight is going on inside you, and inside every other person, too.”

The newb thought about it for a minute, recognized the fight within himself, having recently seen double-digit, triple digit and quadruple digit gains posted, and having recently dreamed of his own wins.  “Which wolf will win?”

The old Gunbotter simply replied, “The one you feed.”

 

 

 

Profitability with the Raspberry Pi: Results of 23 days

One of the main questions that anyone has regarding GB is its profitability. That’s the million dollar question, isn’t it? How much return can anyone expect investing with this tool? And as always, the reply isn’t that obvious, since it depends on a lot of factors. However, here at GBU, we want to offer you …
To access this post, you must purchase a GBU Membership that provides access, or one of our products that includes membership. Learn more about our memberships at https://gbu.run/learn.

XMAS Special – Pricing, new Exchange, new Version, new Strategies

For a limited time only (and now Extended until January 6th!), Gunbot University is running a XMAS Special – several of the highly valued Gunbot software packages are on incredibly special prices from now until the end of the year.  This is good news for existing customers AND new customers alike.

Gunbot v7.0.1 Released

  • New Exchange added: Binance (added to the previous list containing Bittrex, Poloniex, Kraken, Cryptopia and Bitfinex).
  • New Strategies: Emotionless, Ichimoku (added to the previous list containing Bollinger Band, Stepgain, PingPong, combinations of these)
  • Secondary API Key
  • More fixes, tunings, improvements

Amazing Limited Time Deals – Existing Customers

For Gunbotters who just run one or two Exchanges, this is an amazing deal.  Normally, it costs 0.05 BTC to add on another Exchange.  And then it costs another 0.05 BTC to add in Trading View plugin.

For this limited time deal, you can add ALL SIX exchanges – any that you’re missing – and Trading View plugin – for just 0.05 BTC.

Note that you must already be the proud owner of Gunbot Core and one exchange.  To help sweeten this deal, Gunbot University will add a month of GBU membership at whatever level you currently subscribe.  If you are a Master, you get a free month of Master. If you are Bachelor, then it’s Bachelor. If you don’t currently subscribe, then you will get a free month of Associate membership.  All for just 0.05 BTC!


If you don’t want to add ALL the available exchanges, or you don’t have that much Bitcoin handy (remember, GBU takes Litecoin and Bitcoin Cash!) and you just want to add one exchange, we have that deal available as well.  Normally 0.05 BTC, we have that on sale for 0.025 and we’re throwing in the Trading View plugin (0.05 BTC value) FREE.

Not only that, but like the previous deal, we’ll also throw in a month of GBU membership along with it.  Same scenario – if you don’t have a membership, you’ll get the Associates level for free for one month.  If you’re already a subscriber, we’ll extend your membership by one month.  Adding on one exchange with the Trading View plugin is just 0.025 BTC!

Special deals for NEW Customers

We have three deals for those who are new to botting, and Gunbot University is the place for you.  We specialize in helping new people understand how botting works, specifically Gunbot.  We have a community of Professors, students, classes, articles and a support system that helps answer your questions, get you up and running and make you profitable.

With the XMAS deal, getting into botting just got a lot easier!


We start with Gunbot LITE – the “Elf” Edition.  This is the cheapest, easiest way to start botting.  Gunbot is normally 0.1 BTC to buy, and requires configuration, setup, and a lot of knowledge, but with this special “no frills” version, you select one Exchange and you only get one easy strategy: “Emotionless”.  No knobs to turn, no settings to configure.  Just pick your pairs and go.

Because this is targeted to beginners, GBU is also throwing in a free month of our Associates membership.  We expect you’ll be successful but we want to do what we can to answer your questions and be there as you enter the exciting world of botting.  Elf  Edition is only 0.02 BTC!


If a simple, one-strategy bot is a little too simple for you, and you want to fiddle with the knobs (and most successful botters do), then you will want the XMAS Edition — this is the FULL GUNBOT for One Exchange. Normally priced at 0.1 BTC, this is a powerhouse of a bot with a ton of built-in strategies – Bollinger Band, StepGain, TSSL, Emotionless, Ichimoku and so many more.  This is the most powerful bot out there with plenty of evidence to back it up.  You can pick what Exchange you use.

Gunbot University will include a month of Associates membership with any purchase of this XMAS Edition deal.

On top of this, you can enhance the built-in strategies with Trading View add-on, a 0.05 BTC value, completely included at no extra cost.  That makes the XMAS Edition a 0.15 BTC value.  All for just 0.05 BTC!


gunbot santa editionNow it’s time for the big daddy of them all – the SANTA Edition.  This is for new customers ready to dive in head-first into the best Gunbot Deal of a lifetime.  This includes CORE Gunbot and ALL SIX Exchanges – Bittrex, Poloniex, Kraken, Binance, Bitfinex, and Cryptopia… and Trading View plugin – all for one low price – 0.1 BTC.

By themselves, these would normally cost 0.35 BTC – that’s 0.1 BTC for the Core + first exchange, then 0.05 for each of the other exchanges, plus 0.05 for Trading View plugin.

With this deal, Gunbot University will include a month of Bachelor membership.

But for this limited time only offer – XMAS Special until December 31st, 2017, extended until January 6th, 2018. you can purchase this deal for the unbelievable price of 0.1 BTC.