Reap the Benefits of Gunbot Automated Crypto Trading with Autoconfig
AutoConfig is a variety of powerful tools for Gunbot that will Help You Take your Crypto Trading Automation to a Whole Different Level.
Harness the power of advanced autoconfig setups and automatic pair selection in Gunbot.
This module can automate many users’ works in Gunbot, bitRage, and Market Maker, thus solving selecting specific cryptocurrency pairs to trade.
Autoconfig can follow all pairs on the exchange and monitor all internal Gunbot data, and you can use it to make automatic config changes in your bot.
It is well known that the wrong selection of trading coins can result in heavy bag holding or worse, but Autoconfig solves this problem by selecting trading pairs that match your strategy.
For example, it can add the top ten coins by volume with a positive change in your selected exchange, and it can also remove those coins after you profited.
Just imagine what you can do with a strategy tuned for every market condition!
How Autoconfig Works
- There is a single config file for AutoConfig, which can contain one or many jobs. As soon as Gunbot restarts or the autoconfig file is changed, all jobs in the config are scheduled; any pre-existing scheduled job is removed in this process.
- When a job is processed, config changes are only made for pairs that have passed every filter.
- The autoconfig file can contain one or many jobs, each with its schedule.
- One job always applies to one exchange.
- One job can have one or many filters.
- Within a job, you can set filters for which pairs it applies.
- If a job completes, the changes are written to config, and Gunbot restarts using the new settings. If a job causes no changes, for example, because it tries to place already existing overrides, it won’t cause a Gunbot restart.
Why is pair selection so hard for crypto trading bots?
Because this is not an easy task, not easily accomplished by just collecting candlestick data, tickers must be used in this case.
Still, exchanges don’t provide historical ticker data, so bots are left with just a 24hr change, 24hr volume, and current prices.
Therefore, other bots can not provide this information level for a more accurate approach, like check trading pairs with 100BTC daily volume.
Thanks to autoconfig, Gunbot can provide fine-tuned filters for your chosen pairs, allowing you to choose if the spread is low, the direction of the market, and the crypto volume coin rising, and so on.
You can add all those filters and more to your pair selection, reap the benefits of an accurate pair selection and use it to add or remove pairs depending on your choice, based on the info Gunbot now holds.
Initial filter possibilities are: Exclude a particular quote or base coin, Exclude low-value pairs price range to exclude low satoshi valued coins, or you could also add the top 10 pairs by volume to give you some simple examples.
More sophisticated approaches are also possible, like monitoring the direction and movement of a pair, excluding slopes too steep.
And the standard deviation is very useful and an essential part of autoconfig automatic trading pair selection.
Time frames are advanced filter options for trading pair selection, and you can set up filtering that looks at the data of the last 12h, collected in 5-minute intervals.
And this is only the beginning…
AutoConfig is a solid tool and is integrated with the GUI. This advanced Gunbot addon allows you to create completely custom trading strategies.
What Can You Do with Autoconfig
In a nutshell, Autoconfig allows traders to build their own custom autoconfig filters, set override values on specific setups, and automate large volumes of data processing.
Here are some examples of trading info you can access with this amazing tool
Scan exchanges and find the best trading opportunities: For example, your autoconfig setup will automatically find pairs with high volume and add them to your strategy.
Simulate your filter settings to add pairs: You can create a filter that finds your best settings for selecting the strongest combinations and practice your filter settings with a simulated data set.
Scan exchanges and remove low-volume pairs from your strategy: This autoconfig setting can remove quote coins that had a volume drop. It will work like this, sell at your set profit, but remove the low volume coin from your config after that.
Change the pair’s strategy from your configuration: For example, you bought some altcoins, but prices dropped a lot, you can set up a bag handling strategy specifically for those pairs.
Change the exchange delay: This is normally a “static” setting which you set per exchange, but with “AC,” you can change your exchange delay dynamically.
Check the pair state information and set pair overrides automatically: For example, you can set a different Double-Up BUYDOWN value after the first round of Double-Up has happened.
Handle hedging in bitRage: If you have a bitRage account, you can do bRHedging, and it will flip based on the PSAR indicator, but now you can change the hedge direction based on your own method thanks to Autoconfig.
Autoconfig allows for incredibly versatile strategies to be created.
Customize your trading setups in real-time — with the ability to define custom logic. Adapt your trading strategies and procedures to account for market conditions and your preferences.
The configuration can still be done through the JSON file, and you can find plenty of examples in the Gunbot Wiki.
As well as ready-made config setups in the Gunthy Marketplace, all the products listed on the marketplace, have been uploaded by verified community members.
My advice is to read the Wiki for a more detailed description of autoconfig and what it does, go by the Gunthy Marketplace, and download your ready-made Free strategy.
Please Visit the Gunbot Wiki to Read more about How Autoconfig Works.
And if you do not own a Gunbot License yet, go and grab your copy now so you can seize this opportunity.
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