Crypto market never sleeps and never closes. So if you are serious about your investments and want to keep an eye on them, then you 've probably come across some bots already. There are the expensive ones, then the ''only for advanced'' ones, and then there is Gekko.
This bot is perfect for beginners, easy to use and constantly adding new features. Plus, here in Coingi, we do support Gekko bot!
Why is Gekko reliable and great for beginners
For all those who are just testing the waters of automated trading, a Gekko is an ideal bot to start with (https://github.com/askmike/gekko/pull/2018).
It is pretty straightforward an entry-level Bitcoin trading bot.
The bot is still evolving and soon going to launch a new version without the need to install on a computer.
Its creator, Mike Van Rossum, is an enthusiastic developer, keeping bot free to use and working on the project in his spare time. That's what makes this one so cool - no scammy tricks, no fees, possibility to add development suggestions…
Mike is very active on GitHub, where Gekko was released 5 years ago and gained over 7,400 stars (https://github.com/askmike/gekko). And you can also reach him on Gekko community forum ( gekko.wizb.it/).
That creates the possibility to ask questions the designer directly.
Another sign of a good project!
Yet, keep in mind that this is not a high-frequency tool and does not support arbitrage (making money between exchanges).
Gekko can be used for three different purposes:
Backtesting: Possibility to backtest any strategy that you have over a period of time in the past.
Paper Trader: You can test the strategy in real time with current data but only to make “phantom trades” with fake money.
Trade Bot: Here you can run the bot with real funds in an account with the strategies that you have developed.
How to install Gekko?
Follow in the documentation links:
Installing on Windows well explained in this video:
Installation for Mac is doable through Docker, follow instructions here:
Installing Gekko bot using VPS:
Once installed, recommendations are to run Backtesting first, since Gekko does support it with historical data. Coingi exchange does support import of historical data. More about simulations
New Gekko will not require installation!
With new projects entering the market routinely, it is important even for Gekko to keep adding new features. The best one for now will be GekkoPlus, version of Gekko bot which does not need any installation! (https://gekkoplus.com/) It is currently in a development process, but the page is updating frequently with new informations. Right now mainly about adding new strategies.
Strategies created for you on GekkoPlus
Sure you can create your own strategies, use some created already (https://gekko.wizb.it/docs/strategies/creating_a_strategy.html) or wait for new strategies currently in GekkoPlus contest: GekkoPlus web is running a strategy contest (https://app.gekkoplus.com/contest) right between 24 strategies who made it through submission. The contest is running till 10th December and you can watch the Leaderboard here: https://app.gekkoplus.com
Strategies will be available to use after the contest is over.
What it means for future usage of Gekko, we 'll be able to choose from different strategies, customize them and run them on backtest same as live trading later.
Follow here: https://app.gekkoplus.com/
Gekko sends notifications on Telegram and email
Once you start trading live, notifications about trades comes handy. Gekko sends signals on your Telegram and mail, once a move is made. When you have Gekko installed, you ll need to create bot on Telegram by Bot Father
(https://core.telegram.org/bots) and connect it with Gekko: https://steemit.com/gekko/@crypto49er/gekko-trading-bot-send-signals-to-telegram.
For setting up an email notification, go through documentation and find Plugins -> Mailer. Follow the whole process here: https://www.youtube.com/watch?v=lcsKzyJaJkg
If you are looking for a simple Bitcoin trading tool, Gekko is a way to go. It is 5th most popular Bitcoin related project on Github. Try it with Coingi exchange!
What to read next:
Nice interview with Mike Rossum, creator of Gekko:
All Mikes videos:
Bot vs Human:
This guy is having many Gekko bot related videos: