The most common way to use Gunbot is by using its built-in strategies. In this article, we'll explore the options you have with built-in trading strategies.
The built-in strategies in Gunbot allow you to cycle through a list of configured trading pairs, collect market data, and place trades according to the rules of the configured trading strategy. Each pair can have its own settings, or settings variations.
Built-in does not mean that the strategies are not configurable, each strategy comes with its own set of parameters to tune. For example you could easily create a strategy that buys the lower bollinger band, and sells at percentage profit target.
Creating your own strategy rules
If you prefer to create your own trading rules, Gunbot's strategy builder tool enables you to do so. You can choose from a wide range of indicators and set specific buy/sell rules based on your trading preferences.
Strategies with opinionated trading rules
If creating your own strategy seems overwhelming, Gunbot offers strategies with opinionated trading rules with a smaller set of configurable options. These grid-like strategies can be selected from the pre-configured list and are designed to help users get started quickly.
When in doubt, the Stepgrid strategy is always an excellent starting point for spot trading. It has a few settings and forms the basis for more advanced grid strategies. When you know how to work with Stepgrid, you're ready to take it to the next level with Stepgridhybrid or Stepgridscalp.