- Gunbot Crypto Trading 1: Starting With Gunbot
- Gunbot Crypto Trading 2: Installing Gunbot
- Gunbot Crypto Trading 3: Your First Gunbot Setup
- Gunbot Crypto Trading 4: Your First Gunbot Trade
Trading So Far
The situation as we left it in my last post is that Gunbot had made 3 complete buy-sell trades of 0.002 BTC each using the ‘Emotionless’ strategy. It had then bought again, and hadn’t seemed to be able to sell again that day. In fact early the following day it did manage to sell, and then later that morning it bought and sold again quickly. Each trade was, naturally, profit making, though only to the tune of about 10p.
Emboldened by this I increased the stake for each trade to 0.005 BTC (about £33). Gunbot soon did another Ether trade, for a profit of about 27p, so a healthy gain of about 0.8%.
I was impatient to see more trades and profits at this point, so I increased the stake to 0.01 BTC and added further coin pairs:
- Bitcoin – Bitcoin Cash (BCH)
- Bitcoin – Litecoin (LTC)
- Bitcoin – Ethereum Classic (ETC)
- Bitcoin – Dash (DASH)
- Bitcoin – Ripple (XRP)
This naturally increased the transaction volume, here’s what’s happened since:
In a nutshell, Ether trading has continued solidly but Gunbot has also regularly bought and sold Litecoin, and Ethereum Classic, and also made single completed trades with Dash and Ripple. Bitcoin Cash is nowhere to be seen.
Profits so far, in Bitcoin:
- Ethereum: 0.00059094
- Litecoin: 0.00032900
- Ethereum Classic: 0.00032669
- Dash: 0.00007898
- Ripple: 0.00013795
- Total: 0.00146356 (about £10)
So not a bad start having been out of bot trading for some time.
One thing I like very much about the latest Gunbot is the charts in the user interface – they pretty much reproduce what you get in Poloniex or Trading View with the addition of clear markers of where Gunbot bought and sold.
What this highlighted for me, though, was that the Emotionless strategy is a bit ‘literal’. What I mean is that Gunbot is selling once it achieves the profit it has been set but is missing opportunities for greater profit. For example, in the middle of the screenshot shown we can see that Gunbot sold even though the market was rising fast and if it had waited a couple more minutes the profit would have been many times greater (perhaps even 10x).
I believe this consideration of trend is part of other strategies, particularly those using Trading Stop / Stop Limit (TSSL) which wasn’t an option in my previous Gunbot version. I’m therefore going to investigate that further before changing any more Gunbot settings, in particular increasing the trading stakes.