Messages

1

Beginners & Help / What is a good trade limit to set when trading a BTC_X pair?

« on: January 02, 2018, 12:17:42 AM »

In this case, my BTC supply would be 0.2

2

Beginners & Help / Re: I am an absolute beginner. I know nothing about trading. Is gunbot safe for me?

« on: January 01, 2018, 04:07:27 PM »

I am really sorry if this sounds silly, but where do I know what the things I've bolded mean? Is there a sort of word definition glossary somewhere?

yes, there is. in the wiki. each parameter of the strategies has a description.

I know that it might sound very basic and it might be absolute basic knowledge amongst traders but I would also need to know these first.. Sorry and thank you. Also, I will surely not be messing around with strategies too much and will follow what the wiki told me to follow as a novice, and that'd be the emotionless strategy. Is this sound thinking? Thanks again.

Don't mess with the strats AT ALL in the beginning. Just adjust your trade limit on "emotionless" in the strategies page, disable double up, save and leave the rest. In the bot page, just add your exchange's API and secret, then save. Then go to the setup page, add your pairs with chosen strategy ("emotionless" in your case) and exchange, save, go to the first page and start the bot.

Thanks for replying. I tried doing this but when I am on the strategies tab, I only see 3 strats. That's bbstepgain, Stepgain, and Bollinger band. Below these 3 strats' columns I see the Advanced mode window with emotionless listed under subject. How do I set up emotionless from there? There doesn't seem to radio box that makes me select emotionless out of other strats in the list and proceed by clicking save. Also, you told me to adjust my trade limit to emotionless but it seems like trade limit is a numerical value. It's set to 0.01 by default.. Sorry for asking all these questions but I'm quite confused.

3

Beginners & Help / Re: How do I load up pairs to an exchange? How do I stop Gunbot from trading?

« on: January 01, 2018, 03:56:36 PM »

Say I want to trade XRP/BTC. Do I need to have an amount of each coin, or only one of them?

Gunbot uses the syntax BASECOIN-MARKETCOIN.
So to trade the pair BTC-XRP, you will need to have some BTC in order to buy some XRP. So to answer your question directly, no, you only need to have an amount of BASECOIN.

Read more here https://github.com/GuntharDeNiro/BTCT/wiki/Configuring-Gunbot#pairs

So I need to have the basecoin. Got it. Just another question.. What's good practice in determining what to set as the basecoin and the marketcoin? What are the indicators one looks for? Thanks!

4

Beginners & Help / Re: I am an absolute beginner. I know nothing about trading. Is gunbot safe for me?

« on: January 01, 2018, 03:09:43 PM »

I've just one through the process of being a newb. I still am but I'm documenting all of the questions I had during the process and will be creating a FAQ in the coming days.

I'll surely be reading it!

5

Beginners & Help / How do I load up pairs to an exchange? How do I stop Gunbot from trading?

« on: January 01, 2018, 02:12:08 PM »

Say I want to trade XRP/BTC. Do I need to have an amount of each coin, or only one of them?

Also, I have a desktop on its way to me but would like to run the bot on emotionless in the meantime. How do I stop running gunbot completely other than exiting the app. By that, I mean have it conclude all its transactions until I am able to run it on the new computer.

6

Beginners & Help / Re: I am an absolute beginner. I know nothing about trading. Is gunbot safe for me?

« on: January 01, 2018, 11:47:14 AM »

Generally, read the wiki, over and over. With starters, even stock parameters are good and safe. Really nothing much to set apart from your API key and secret. Then select the pairs, choose some pairs from the first page on coinmarketcap (good trade volume and sideways moving), set only your trade limit in the strategy and start the bot. Set the trade limit to something low for the first two weeks. Do not make my mistake and poke the strategies over and over, if for instance, nothing much happens in a day. Then wait and watch.

I am really sorry if this sounds silly, but where do I know what the things I've bolded mean? Is there a sort of word definition glossary somewhere? I know that it might sound very basic and it might be absolute basic knowledge amongst traders but I would also need to know these first.. Sorry and thank you. Also, I will surely not be messing around with strategies too much and will follow what the wiki told me to follow as a novice, and that'd be the emotionless strategy. Is this sound thinking? Thanks again.

7

Beginners & Help / I am an absolute beginner. I know nothing about trading. Is gunbot safe for me?

« on: January 01, 2018, 12:49:22 AM »

First of all, I'd like to say that I bought gunbot because of the promotional prices but I have yet to even install it. 1% compound interest daily is what grabbed me (if I tune the bot right) but unfortunately, this is literally the only thing I know. All I know is how to calculate compound interest!

I literally know nothing about trading. I don't know how to read graphs, what the candle sticks mean, or understand the lingo/abbreviation. I am a single-celled organism in the trading world!

Now, I've read a bit of the wiki and I've reached the point where it advices novice users to go with the emotionless strategy. I will be going for that I guess but even then, you have to set parameters and I don't know how to go on about that.

Where does someone like me learn about what's happening? I want to use gunbot knowing how it works inside and out.