GUNBOT: The automatic profit generator > General Discussion
GUNBOT v3.1 - Release name: "x3"
Gunthar:
GUNBOT v3.1 - Release name: "x3"(the x3 profit multiplier)
I'm proud to announce a great target the entire GUNBOT community reached: the GUNBOT x3 edition. This edition is the result of the hard work and efforts of over 300 people that continuously cooperated in the past 4 months to improve, suggest code, test and finance, the first automatic trader with a unique feature: its stable profit income. All users reports, ideas, enthusiasm have been melted in a single product which is now able to multiply the invested amount of BTC in multiple exchanges platforms: Bittrex, which is rich of unexplored and impressive altcoins, Kraken with the highest "volume/number of pairs" rate, and Poloniex, the largest lab for all cryptocurrencies lovers.
How does the x3 Edition work?
It's highly customizable settings, allow you to decide how to move on the markets: the concept is basic but the algorithm behind it, is one of the most backtested and profitable, buy low and sell high. How? The Bollinger Band indicator has been implemented: short-ema, long-ema, and volume weighted price are now confirming what we need to know. The price is low enough > we need to buy OR The price is high enough > we must sell!
What settings am I allowed to change?
If you used the Poloniex GUNBOT you know what was missed: a real indicator of a low price to buy at. This user has described this procedure better than me:
--- Quote from: Clannad on April 16, 2017, 10:47:08 PM ---Hi all :-) and Hi Gunthar :-)
First of all I want to say I really enjoy Gunbot and Gunthar's constant efforts to improve it !
Now from my experience and from what I read in the chat, the main problem remaining on Gunbot is when it buys at top price, leading to bag holdings for days (weeks... months...) before these alts recover
I have a suggestion for an option that would allow to minimize these situation
I already posted this idea twice on the Telegram group and it received very good feedback, but I'm sure many users missed it (sometimes hard to read 1000+ messages daily), and that's why I'm posting it here on the forum so everyone can see it and comment.
This options consists in an additional parameter that would be % of bolinger band where bot is allowed to buy
The bot would measure the distance between the lower and upper bolinger bands, and if the price is at a higher distance than set, the bot would not buy
We could set this parameter to 500% by default, with this setting the bot would behave exactly as it is doing now, and it would not bother those who don't want to use this feature.
This would be an additional filter that would be applied just before the bot buys, so it would not change at all the actual gunbot strategy, but only prevent buying too close to upper Bolinger Band if the feature is activated.
For those who want to use the feature, they could set this parameter to 50% for example in which case the bot would buy only if Buy Price is below or at 50% distance from lower bolinger band to upper bolinger band. Depending on each coin behavior the parametre could be set to 10%, 0%, or even -10%
In the picture below for example, the parameter is set at 50% and the bot would be allowed to buy only in the yellow range (sorry the drawing was quickly made and not perfect).
For myself if this was implemented I would use it a lot and set it between 20%~30% I think, but that must be adjustable differently for each pair according to their recent behavior.
--- Quote ---In Spring, 2010, John Bollinger introduced three new indicators based on Bollinger Bands. They are BBImpulse, which measures price change as a function of the bands; percent bandwidth (%b), which normalizes the width of the bands over time; and bandwidth delta, which quantifies the changing width of the bands.
%b (pronounced "percent b") is derived from the formula for Stochastics and shows where price is in relation to the bands. %b equals 1 at the upper band and 0 at the lower band
--- End quote ---
So basically if we call BBSetParam this new parameter, we would have something like:
--- Code: ---if (AllOtherConditionsOk && (%b*100 <= BBSetParam))
BotCanBuy=TRUE;
--- End code ---
(Note: someone on the Telegram group said that it is useless because we have EMA's, but this is wrong. Bolinger Bands are really different indicators, and EMA's are useless in what I'd like to see because EMA's always tend to follow the upper Bolinger Band during pumps, and the lower Bolinger Band during dumps.)
I would like to hear everyone's opinion about this suggestion
Thanks for reading :-)
--- End quote ---
So how does it work exactly?
You have 2 options: use pure Bollinger Band or a mix of %GAIN and Bollinger Band:
* You can set a percentual value from the lowest Bollinger Band, which will be your buy area: I want to buy only when there is a dump that reaches 20% of the bottom Bollinger Band area. The % value is customizable.
* You can set a percentual value from the highest Bollinger Band, which will be your sell area: I want to sell only when there is a pump that reaches 20% of the top Bollinger Band area. In this way you will always buy at the lowest values of BB and sell at the highest, generating so very high profits per trade
* You can decide to buy using Bollinger Band and sell at a defined % from the bought price: I buy soon as the dump is over in the 20%
lowest Bollinger Band and I sell soon as I reach %GAIN I set in configs
Are all other features we had in the Poloniex GUNBOT implemented?
Yes, they are. The final tuning for the "manual trades" tho, is not complete yet, that's the only feature I am not satisfied with (yet), so the final job will be in the 3.2 release.
Ok you got me: how do i buy it?
The GUNBOT x3 edition comes with different packages:
* The Family pack: if you bought the Poloniex GUNBOT before 20 April 2017, you are considered a "contributor". You can have 50% off discount on the Kraken license and the Bittrex license: 0.1BTC for both licenses
* The Estimator pack: if you didn't buy the Poloniex GUNBOT because you were waiting for Kraken or Bittrex exchange, you are considered an "estimator". You can have 50% off discount on the second and third exchange license: 0.1BTC for the first exchange, 0.05BTC for the second, 0.05BTC for the third
* New Gun pack: the new Guns can purchase each license at 0.1BTC each one. You can buy either Poloniex or Bittrex or Kraken license (and you can upgrade later to one of the other packages).
Currently selling Linux version only
The process of license distribution is split in the next days: actually, only Linux users will receive their copy. In the next 2 days, Windows users will receive their copy too. This is because licensing all the API keys will take time: please be patient and allow me to secure your GUNBOT copy and to protect it from leakers and lurkers: your GUNBOT has a value and we must take care of it.
Please PM me in this forum with your desired exchange and your public API key. Wait for a unique BTC address to deposit the license cost and notify me by PM with the transaction id. In this initial state, i will send copies every 3 hours.
Thank you for your patience, contribution and help: we are making the perfect money machine, together.
~Gun
Doc:
WOW! great news! just 1 question: if I bought GUNBOT before April the 20th, how much is it for the polo license?l
Gunthar:
--- Quote from: Doc on April 19, 2017, 11:41:40 PM ---WOW! great news! just 1 question: if I bought GUNBOT before April the 20th, how much is it for the polo license?l
--- End quote ---
You want to buy again the polo license? You must like it very much...
magictrade:
wow ! thank you very much ! i will try it out directly (:
xith:
Nice job.
Looking forward to testnig the BB-SG against the normal SG
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