F.A.Q. (Frequently Asked Questions)

[DaneeL]

Hi!

I'm planning to buy a gunbot but I'd like to ask a few questions before I do that

Q1 - If I buy a 'used' gunbot with Polo licence for example, can I have that re-registered it for another exchange?
Q2 - If I want to buy a shiny brand new bot, is there any other payment options beside BTC? (ETH maybe?)

Thanks,
Daniel

[SLRS3G]

I am trying to set up a second exchange.  Do you know of any step by step instructions on how to do that?  I am trying to run Poloniex and Bittrex on 2 different bots at the same time.  I searched, but the talk of ports just left me confused.  It almost makes sense to me, but I need help with the details like where to put what, and not mess things up.  This would also be helpful for running USDT pairs as well.

Thanks

[HiddenDriver]

Hello,

i'm planning on buying Gunbot but i still have a question.
Q: i'm planning on registering it on Kraken, can i change the license afterwards to another excange?

Thanks for your answer.

[sloaleks]

Please don't do it. I have a Kraken license, and in fact can make a little bit of profit ... but the coin selection is very limited, Krak's servers crap out all the time, and I mean really all the time. Licenses are not permutable, once you have it, it is what it is. I would kindly advise to go for polo or bittrex. Trading on Krak takes a lot of patience, and had I known this before, I would rather go for one of the above mentioned.

[rmcc4444]

Q: What can I do with the Gunbot trading view add-on that I can't do on the TV.com website?

Q: Can I get Poloniex pairs to show on TV charts?

Q: Can I get a SMS or email alert when gunbot buys or sells?

---

Q: What does this mean? -->  Never trade on different pairs that cross-over on the same exchange account.

Q: How do you determine what pairs to use?

Q: Can I be active on more than 1 exchange at a time with the xmas edition?

Q: Is there an easy way to see buys and sells other than searching through out.log?

Q: If the bot is in the process of a buy, and I kill it (or it crashes), will it be smart enough to pick up where it left off?

[Urosp]

Q: Where are log files on Linux (Ubuntu server 14.04) ?

[deeneendo]

after a closer look, it looks to me that it is still trying to execute that trailing stop, that's also why it opened those 0.06 trades, for some reason it thinks it has previously opened some trades if I understand that correctly... question is why and what can I do about it...

I would be very interested in finding out how you can "reset" your previous trades too and start with a clean slate. is it enough to set an override BOUGHT_PRICE and set it to a value I originally bought the coins at?

[ClothedKing]

Hi New here,
Wanted to know quite a few things:
1. Are there any strategies that prevent me from losing money? If so, what strat is it? If not, how can i minimize my losses?
2. What are pairs? I see it alot but do not know what it is referring to.
3. When I see Low(30) or high(50) (examples) for BB what is the number referring to?
4. Will there ever be a point in time where Gunbot is no longer updated?
5. Emotionless loses me profits, why is that?
6. If there are any detailed guides on how to pick the right strat for the right coin could you link it to me?
7. Where do you advise me to go to get a better understanding of Gunbot/Crytpocurrency/Best strategies to use?

Sorry if these are too obvious of questions i am absolutely new to trading and Gunbot, Thank you for any of your help!

[criptonauta]

Hi ClothedKing

1. Are there any strategies that prevent me from losing money? If so, what strat is it? If not, how can i minimize my losses?

All of Gunbot strategies can be run with Risk Management functions, like Double UP and RT. Also, you can use stop limits to minimize risks in given coins.

But minimize losses is not only about Gunbot, don't forget you are the pilot, so choose well your coins

2. What are pairs? I see it alot but do not know what it is referring to.

Pairs are the pair of coins your are trading. There are BASE coins and QUOTE coins. In a BTC market, BTC-ETH is a pair, where BTC is que Base and ETH the Quote coin. If we were talking about USD market, then in the pair USD-BTC, USD is the base coin (the coin you have) and BTC is the Quote coin (the coin you want to buy.

3. When I see Low(30) or high(50) (examples) for BB what is the number referring to?

The Wiki provides a good answer for that: https://github.com/GuntharDeNiro/BTCT/wiki/Bollinger-Bands



So in your case, a LOW_BB = 30 means a point 30% above the lower band of the Bollinger Band.

Think about each border as the start points for the values (Lower when nearer the borders, higher when towards the middle line (SMA).

4. Will there ever be a point in time where Gunbot is no longer updated?

We aim to build the perfect money machine. Until that, the plans are to keep going forwards.
In any case, rest easy, your license for the latest current version will still be valid and running.

5. Emotionless loses me profits, why is that?

Could you elaborate more about that?

6. If there are any detailed guides on how to pick the right strat for the right coin could you link it to me?

I dont believe in 'right strat for right coin'. Many strategies Gunbot offers can be used to achieve similar results, like different computing languages can get similar results. This is especially valid now that most strats can use TrailME and confirmation indicators like RSI.

7. Where do you advise me to go to get a better understanding of Gunbot/Crytpocurrency/Best strategies to use?

Investopedia is a place where you can better learn about the indicators and check which ones are more suitable for your needs/style. For instance, description of BB is available at https://www.investopedia.com/terms/b/bollingerbands.asp

After that, you can visit Wiki (your best friend) https://github.com/GuntharDeNiro/BTCT/wiki and check each strategy, so you can learn how Gunbot uses the indicators on its trading logic.

If you want to really know what is coming in the next release, check the Beta Wiki: https://github.com/GuntharDeNiro/Gunthy/wiki

The official Telegram channels are where the most recent news/doubts/experiences are shared.



Best Regards