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Author Topic: Adventures with Gunbot - or how to loose money quickly...  (Read 8746 times)

Offline BetterWebSys

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Adventures with Gunbot - or how to loose money quickly...
« on: October 06, 2017, 10:02:27 AM »
Hi
I am new to using gunbot and am loosing money quickly.
To be honest I am a bit confused even though I have set up gunbot on my Ubuntu desktop and set up the free tracking spreadsheet.
Screen shot of the Bittrex exchange and spreadsheet attached.

I would dearly like to be able to change my meagre fortunes for the better.

I am probably the worst, trying to be a crypto trader, out here.

All help greatly appreciated.

Cheers
Kevin
Newbie Gunbot user

Offline Aitor

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Re: Adventures with Gunbot - or how to loose money quickly...
« Reply #1 on: October 06, 2017, 10:18:32 AM »
Obviously you are doing something wrong. Maybe you should contact your reseller and ask him to help you with the configuration and the right pair selection. Gunbot is meant to get profits, not to lose, you only need to learn how to use it properly.

Offline BetterWebSys

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Re: Adventures with Gunbot - or how to loose money quickly...
« Reply #2 on: October 06, 2017, 10:51:10 AM »
Hi Altor
I am posting on the forum asking for help.
if this is the wrong place to post then please advise.

I had hoped when I bought gb that it would increase my meagre fortunes but so far, as you can see, I am loosing, hand over fist.

bought from gunthy

all help appreciated to reverse these fortunes.

Cheers
Kevin
Newbie Gunbot user

Offline paramecie

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Re: Adventures with Gunbot - or how to loose money quickly...
« Reply #3 on: October 06, 2017, 11:50:19 AM »
1 Remove all pairs and redo: a few ones, stable or climbing, with medium/high marketcap - say 5 pairs for example.

2 Keep the bags (pairs bought and not sold because falling, an place a manual order for them to the buying price at least), and forget them.

3 Examine every trades, good or bad. Understand how it happend and how to change/ameliorate. Understand and tweak the bot and settings to adapt them to your strategie. It's a long learning curve, but worth it.

4 Target a modest profit, and avoid huge losses (see above, especially about the pairs).

5 Check every day if your choices are still valid, if it changed, change the settings, abandon a pair, add a new one. It'll take you some time every day.

Then, you're set up: to the moon  ;D
« Last Edit: October 06, 2017, 01:10:45 PM by paramecie »

Offline BetterWebSys

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Re: Adventures with Gunbot - or how to loose money quickly...
« Reply #4 on: October 06, 2017, 12:13:53 PM »
Hi Paramecie

This is good, thank you.

So I started with Start ccoin, the value has dropped so much I am unable to set a sell order as it is below the minimum threshold of 0.0005btc.
In the logs, gb had been buying and selling below this level.
Is it possible to set gb to sell Start ccoin at current price?
Newbie Gunbot user

Offline paramecie

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Re: Adventures with Gunbot - or how to loose money quickly...
« Reply #5 on: October 06, 2017, 12:33:48 PM »
Bittrex doesn't authorize it, manual or gunbot trade it's the same.

You CAN place the order to resell them (say they're worth 0.0001, place the sell order to 0.0005) and wait 1 week or 6 months, who cares?

Or buy some more to reach 0.0005 then resell them at loss :-(

Offline sloaleks

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Re: Adventures with Gunbot - or how to loose money quickly...
« Reply #6 on: October 06, 2017, 12:59:22 PM »
remember, loss occurs only when you sell. a friend of mine in this field once told me to trade only in coins I wouldn't mind to "hodl". maybe open a separate account to hold bags only, so they don't drag your score down? there is obviously profit to be made (even on bags as long they're not shitcoins), bot not all profits Will realize at the same time.
alas, I must concur with paramecie, you should dayly check how your pairs are doing and maybe even remove and/or add one (or more), if the charts show climbing - or at least a sideways movement with substantial volume and nice swings.

Offline BetterWebSys

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Re: Adventures with Gunbot - or how to loose money quickly...
« Reply #7 on: October 06, 2017, 05:50:57 PM »
Thank you kind sirs for your help and insights.
Its a bit overwhelming when you first start with these.
looking forward to posting some gains in the near future.

Cheers
Kevin
Newbie Gunbot user

Offline Aitor

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Re: Adventures with Gunbot - or how to loose money quickly...
« Reply #8 on: October 12, 2017, 12:23:14 AM »
Hi Aitor
I am posting on the forum asking for help.
if this is the wrong place to post then please advise.

Hi Kevin, I understand your point: Your are losing money and you are asking for help.
Here is my point: I'm an official Gunbot reseller, I spend many hours every single day helping my customers, giving detailed explanations on how the bot works, configuring it from scrach etc... When someone has a concrete question, I usually try to help him, but when someone says "I have no clue on how to run the bot, I don't know what config should I use, I'm losing a lot of money", in that case, obviously a concrete answer won't fix the problem, in this case detailed explations and support for leaving the bot running with a good config is obviously needed. I usually spend between 1 and 3 hours for initial installation and explanations with my customers, and that's why I told you to ask to your reseller. Here you will get concrete answers to concrete questions, and sincerely, it seems you need much more than that, you lost around 40% in 4 days...

Offline davidasaur

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Re: Adventures with Gunbot - or how to loose money quickly...
« Reply #9 on: November 14, 2017, 03:44:22 PM »
Kevin,
It might help to find telegram and discord groups with people who are willing to help!

On Telegram, here are two groups:
Gunbot Exq + Tradingview
CryptoAdvisor Investment Group