Gunbot vs Quadency What Should You Be Looking For In Crypto Automated Software?
Why you should use automated crypto software when trading cryptocurrency. Gunbot vs Quadency, we show you how to pick the best crypto trading bot.
Making a steady profit in trading crypto is 5% dependent on having a sound system and 95% down to following simple rules. It sounds easy, but as humans, we find it naturally very difficult to follow and adhere to a manageable set of rules and a model that looks promising in the long run.
Bots have proven to be more efficient than humans while trading in so many ways. A reliable crypto trading bot is your best bet to ensure automated crypto trading success.
Crypto automated trading is one of the critical trends in cryptocurrency trading. It has grown amongst investors of all backgrounds and experience levels due to the ease and convenience it offers and, above all else, the reliability of winning rates and results it boasts.
Algo trading conveniently deletes fear, greed, and the fear of missing out from your trading. A crypto bot negates the need for emotions. It just buys/sells when certain conditions are met.
Crypto automated trading software ensures that every move you make results from statistically analyzed market behavior and nothing else. Taking the trading out of your hands in total becomes a reliable trading method available to investors.
These automated bots also seem more cost-effective than hiring a constant fee broker and commissions taken off your profits. Crypto bots only require subscription payment. And interestingly, some only offer one-time charges.
Crypto bots have proven to be more responsive than humans because a reliable bot is constantly synced into real-time crypto market behavior 24/7.
As a result, it’s always in a position to react to changes as quickly as they occur, whether it’s to get you in on the ground floor of a high probability trading opportunity. Or if it’s a defensive move to shield you from sustaining a loss from a trade that has turned out of your favor.
As much as crypto trading bots offer unlimited opportunities to earn constant profit from the market, the need to go for a trusted bot is crucial.
There’s nothing better than having a successful automated crypto trading bot for many crypto enthusiasts. Whether it’s for day trading or long-term investments, computerized bots are a reliable way to ensure you’re always in the loop and making money.
There are thousands of automated crypto software; but, what should you be looking for when picking one of these up? And how do you ensure you’re using it to its fullest potential?
This article will analyze two popular bots (Quadency and Gunbot) with several positive reviews online and score each on the essential features such as reliability, flexibility, security, and pricing.
Click here for other auto trading bots reviews.
Gunbot vs Quadency — Overview
Quadency is a crypto trading bot featuring new and creative methods of automating crypto trades. It’s a web-hosted platform that allows users to create their preferred automated transactions.
Quadency is a crypto trading app that quickly connects tools like bot strategies and analytics. The platform seamlessly integrates with crypto exchanges, allowing users to trade on different markets and exchange platforms while giving them a glimpse of their overall portfolio performance.
The platform also offers access to more than 4000 trading pairs and enables users to use automated trading strategies providing seamless access to the crypto market 24/7.
Quadency offers more than 15 bots plus strategies, including Market Maker, Bollinger Bands, Grid bot, Accumulator Bot, and many more. Also, users can pick their desired bot, customize it to their taste and simulate it via its backtesting feature to see its performance for possible results.
The US-based platform is generally known to be easy to operate as it features helpful tools for all levels of traders. In addition, it supports known crypto exchanges, including Binance, Kucoin, OKEx, Kraken, and Liquid.
Quadency—birthed in New York in late 2018 and started operating in February 2019; aims to create a “Future of Finance” accessible to everyone — providing standard trading and investment options to the crypto market.
As stated on its platform, the cloud-bot has managed over $1billion, and it keeps growing. Over the space of two (2) years, Quadency has been delivering many on-demand features, including pre-set trading bots, backtesting, advanced charting, rebalancing, portfolio analytics, and a lot more.
Let’s look into the core features of the bots.
Just as the name implies, this bot helps users diversify their crypto assets and let them allocate them accordingly. Here you can sell several assets into a single investment.
With its detailed dashboard, users can track their portfolios and view their portfolio performance and allocation on all connected crypto exchanges. Also, this comprehensive dashboard offers users the opportunity to secure their offline wallets to keep track of their entire portfolio.
You can find more information like open orders, trade histories, transfers, and more in this section.
TradingView addon in conjunction with webhooks allows you to execute your custom strategy by defining alert signals.
Another addon is a smart bot — this feature helps you execute fundamental market orders and smart orders with stop-loss and profit. This snark bot trails your stop-loss position and stops automatically when the position is closed.
Accumulator: This is another bot feature that allows you to exploit an asset at a specific price
Mean Reversion: Unlike many crypto bots, Quandency offers a mean reversion feature that allows you to purchase an asset below the “oversold” RSI level and sells above the “overbought” level.
Other features like creating event-based or cancel-based algorithms for several trading strategies are also available. The platform is also suitable for seasoned traders as it allows them to develop their bot by coding in Python.
Gunbot Crypto Trading Features
Gunbot is a locally-hosted crypto trading bot that has customization as its trademark. Unlike other web-hosted platforms, Gunbot requires you to set up your bot on your computer to ensure 100% security and privacy.
The platform can fit Windows, MacOS, and Linux — suitable for all traders; it is effortless to set up this bot and install your program.
Gunbot is one of the oldest and most reputable crypto trading bots currently in the crypto space. Founded in 2016 by Gunthar, the platform has grown so large that it has attracted thousands of traders actively using the bot.
It has a strong community of seasoned traders and experts solving issues regarding bot performance. They fix bugs, build “pre-set” strategies, and much more.
This growth has led to the platform supporting more than 120 crypto exchanges, including the most popular ones like Binance, Kraken, Coinbase Pro, and more.
The premade trading strategies are best suited for beginners, while experienced traders can tailor their preferred approach using the advanced tools available on the platform.
Gunbot gives you all-time access to the crypto market; it works even while you’re busy with other things.
Integrating many technical analysis tools into its system, Gunbot provides many trading indicators like RSI, MACD, Ichimoku, Bollinger Bands— often used to forecast market price movements. Specifically, high and low levels are utilized by Gunbot to signal trades.
Offering unlimited access to trading pairs, the trading platform uses APIs to draw relevant info about your most preferred pair.
Gunbot offers numerous trading features ranging from special addons to backtesting to excellent trailing options. The crypto bot allows users to track their bot’s performance and others’, so you don’t feel lost or left out of the market.
It works perfectly well on futures, margin, and spot trading, depending on the type of license you are opting for.
Gunbot Key Features
Gunbot offers key features like:
- Reverse trading: This tool helps you make a profit during bear markets without risking more than your initial buying price.
- DCA: This feature offers you a way to average down your bought price by buying more quote coins when the price is lower.
- Profit Trailing: This feature is used with basic and advanced order, enhancing fixed optimal entry/exit points. This prevents (buying a pair too soon or selling too early) minor errors associated with trade orders.
- Backtesting: This feature allows users to simulate their trading strategy with historical records to see how it would perform in live trading.
Gunbot vs Quadency — Security and Pricing
There are certain trading qualities essential to traders/investors when choosing a crypto bot. Let’s review these two on security, pricing, and support.
One major factor you don’t want to compromise when choosing a reliable bot is security.
Quadency is quite keen on security as it offers two-factor authentication on all user accounts. Users’ credentials like using strong passwords are also compulsory for every user account.
As stated on its website, the platform uses end-to-end encryption on all online and offline accounts, using Bcrypt as per industry standards.
In terms of cloud service, Quadency uses AWS—commonly known for physical security and internal controls. The platform only decrypts when syncing account information or when an action is done against the account.
Quadency has not experienced any security problems since its inception in 2019. It has proven to be secured so far.
Gunbot relies heavily on its reputation, putting so much into security. Since it’s locally hosted, the risk of data breach and getting your account hacked is shallow.
Gunbot vs Quadency Pricing
The pricing of any platform should match its features.
Gunbot offers four different kinds of purchase plans and two addon packs. These plans appeal to other traders, from those with no experience to the experienced ones.
Gunbot packages include one-time payment and free software updates for each license purchased. This is what separates Gunbot from other crypto bots.
Gunbot ONE 0,002฿— This is the cheapest package available, and it allows you to trade on one exchange at once, with one strategy and one trading pair. You can start your trading journey with Gunbot ONE for only $99 bucks, and you can pay with Paypal.
Gunbot Standard 0,0075฿— Includes all the features of a fully-fledged bot that can trade on one exchange at a time; however, it doesn’t incorporate add-ons.
Gunbot Pro 0,0105฿— Consists of all features included in the standard package, plus adding more (3) crypto exchanges to trade simultaneously and consists of the backtesting addon.
Gunbot Ultimate 0,0175฿— Basically for experienced traders, it gives all the features available on Gunbot. You’re not limited to how far you can trade with this package. Plus tools in the Pro plan, including trading on five crypto exchanges and other Addons available only on Gunbot Ultimate edition.
Gunbot School and Support are included for the packages (minus Gunbot ONE), and Gunbot accepts payments in BTC, many altcoins, and it also accepts PayPal.
Visiting Quadency, you do not require any amount to get started. This means they offer a free trial for those willing to sign up and test how the bot will work out.
Sign in up, a lite account is assigned, and it’s only available for a limited time, and its features are minimal.
Pro plan, often called an advanced package, goes for $39 per month(if paid annually). It offers up to $100,000 in monthly trading size and allows users to use 10 of the bots available on Quadency at a time and 100 backtests in a day.
Unlimited plan $79 (annual, monthly payment): This is best suited for seasoned traders already conversant with the platform. It offers total capacity for monthly trading limits, daily backtests, and the number of bots running simultaneously.
Other packs like an institutional account provide tailored features for institutional traders. You can acquire more details from their support.
Quadency accepts payments via Visa, Mastercard, American Express, Diners, and other online payment methods.
Gunbot vs Quadency — Supported Exchanges
Quadency currently supports chart analysis with more than ten popular cryptocurrency exchanges, including Binance Binance US, Bitfinex, Bittrex, Coinbase Pro, Gemini, HitBTC, Kraken, Kucoin, Liquid, OKEx, Poloniex.
Full automation is only supported on five exchanges: Binance, Bittrex, Kucoin, Liquid, and OKEx, with subsequent additions of these exchanges in the future.
Gunbot is known for its wide range of compatibility with hundreds of crypto exchanges. It comfortably supports more than 120 exchanges, including the popular ones like supported exchanges: Binance Bitfinex, BitMEX, Bittrex, Bybit, CEX.io, CoinbasePro, HitBTC, Huobi, Kraken, KuCoin, OKEX, Poloniex.
Gunbot vs Quadency — Conclusion
The benefits of using crypto automated trading bots cannot be overemphasized. These bots make it the best-kept secret for realizing your financial independence through innovative and reliable trades in the highly unpredictable crypto market in your spare time without cutting into your primary schedule.
Both Quadency and Gunbot are popular bots making waves in the crypto trading space; however, while Quadency looks to be a good crypto bot considering the numbers it has been doing within the space of two years, Gunbot seems to be the choice for traders as it has a track record of price-matched features.
As one of my customers says, “Gunbot is an excellent crypto trading system. It’s really simple to set up and get started. Beginners can use its default setup, but as you gain experience, you can fine-tune the option settings to better fit your strategy. I’ve used it on a few different exchanges, and the results are very promising.”
Gunbot’s defining feature is its versatility. Aimed at the noob or the expert digital asset trader, Gunbot is one of the most advanced trading bots in the market today.
As mentioned earlier, Gunbot is one of the most popular digital asset trading bots. So, when you get started, you’ll learn the ins and outs of trading with a bot.
If you’re looking for one of the best automated trading systems, then Gunbot is a dream come true. It’s time to take control of your crypto trading with Gunbot.