GUNBOT: The automatic profit generator > Beginners & Help

GunBot Not Making Money

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Ashkaan:
Hi guys,


My GunBot has been on for like 4x months with no errors and consistent trading (almost daily) and it makes NO MONEY.  What am I doing wrong?

I figured the default settings would be safe/good enough returns.  I have these trading pairs all on "emotionless" with about 1 BTC in the account.




Thanks!

Aitor:
Hi Ashkaan, Gunbot is not a printing money machine. It automates trading strategies. So, you will get the same results a "human" trader would get following that strategy. My advice is: Ask yourself what you are doing wrong. IMO, one of the most important keys is pair selection.

For example, do you think is a good idea to invest on Venezuelan bolivar? Obv no, it's not. Why? Because it's extremelly hard to get profits if you buy something whose value is dropping and you try to sell it at a higher price.

What I do is, instead of adding any pair, I search for those pairs that are looking good. What does it mean? It means that secondary coin is gaining value against the base coin. Like the traders say: "The trend is your friend. Follow it".

Here you can take a look at some other basic tips for pair selection:

https://gunbot.shop/basic-pair-selection-for-trading-with-gunbot/

Hope this helps.

Ashkaan:
Thanks, Aitor.  That makes sense.

Shouldn't at least some of my pairs made money though?

Is emotionless the best strat for someone that wants to be as hands off as possible?

criptonauta:

--- Quote from: Ashkaan on March 08, 2019, 06:53:53 PM ---Thanks, Aitor.  That makes sense.

Shouldn't at least some of my pairs made money though?

Is emotionless the best strat for someone that wants to be as hands off as possible?

--- End quote ---


Hi

Can I join the convo?


It is a stable strategy, that will take small bits without risking too much. So in that sense, yes, Emotionless is a nice strategy.

But other things need to be considered. It's not ideal to leave your investing money exposed to the market all of (or most) of the time. Of course, you can (and must) consider mitigation strategies like averaging, stop losses and so on, but to enter and to exit market in appropriate times is also relevant.


--- Quote ---Shouldn't at least some of my pairs made money though?
--- End quote ---

Yes, and also not exactly... consider what Aitor asked you about pair selection. If a significant part of your BTC (or another base coin) is spread in a pool of many coins that are losing value over time, even with positive trades the depreciation may be greater than what is being generated with good coins and good trades.

Or giving you another example: according to the image you posted, you are running 14 pairs. If you were trading manually, would you be able to study and monitor all of the 14 pairs and trade them successfully? Although it's possible, it'd be much simpler to deal with a lower number coins, especially if considering both Technical and Fundamental Analysis.

Give another shot trying a different approach.

Salut,

Ashkaan:
Thank you for the reply.

Yes, that all makes sense as well.

My Gunbot having run for months has only utilized .03 of my BTC.  I have 1 BTC in the account for Gunbotting, but there's very little utilization.  I realized that this may be due to the "Trading Limit" function under "emotionless".  I changed that number from .002 to .02.

Do you guys think that will get Gunbot to utilize more BTC and thus make greater strides?

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