Gekko Trading Bot Review and Setup. Download Gekko Trading Bot
Gekko is a free and open source Bitcoin TA trading and backtesting platform that connects to popular Bitcoin exchanges. It is written in javascript and runs on nodejs.
How to start a Gekko bot
Download and unpack the archive GekkoBot.
Run the GekkoBot.exe file
The gist
Gekko is a tool that makes it very easy to automate your own trading strategies.
You can either create your own trading strategy or start with the built-in example strategies. Once you have a strategy you can use Gekko to automatically run it in a few different ways:
- Backtest: You can start a simulation of the strategy over a historical data period and Gekko will tell you what would have happened (which trades would have been performed as well as overall performance and risk metrics).
- Paper trader: You can run the strategy in realtime simulate trading (trade with fake money) to see in realtime how profitable your strategy would have been.
- Tradebot: You can run the strategy in realtime and automatically execute orders based on the signals.
All the above modes can be run from the user interface, this interface will show charts and performance/risk statistics.
Here is a video that explains Gekko’s core concepts:
Strategies
Gekko comes with some example strategies (which implement a single indicator). But with some basic javascript you can create your own strategies. You can use over 130 indicators to create your perfect prediction model (using Talib’s indicators or Tulip’s indicators). Why don’t you combine Bollinger Bands, CCI and MACD with a STOCHRSI indicator?
Automated Trading platform
Bot can watch the realtime markets, automatically executing and evaluating your strategies in the process. Whilst doing this Gekko will store all market data it sees, this makes it possible to later simulate trading strategies against historical data to see whether they would have been profitable (backtesting).
Geeko Trading Bot Review: Is it Worth a try?
Trading bot is an amazing way to automate all your cryptocurrency trading. You can easily minimize your losses and even make a few extra bucks without having to sit in front of your computer. You can run the bot 24X7, by hosting it on a server without having to spend too much money. With a great community of traders and developers, Gekko is one of the best trading bots that you can use right now.
Just set gekko up yesterday. Using the basic CCI strategy im making $1 an hour/average. Base trading investment of $500.
An excellent trading bot, if you set everything up correctly and choose the right strategy, the trade goes with a good profit. So Gekko trading bot will help me change my life for the better! Thank!
One of the few trade bots that you can work with with a strategy. Gekko is an excellent trading bot, I recommend you download it, and try starting with small sums of money to trade.