What are the pros and cons of using Gekko trading bot for cryptocurrency trading?

1 answers

• Dec 16, 2021 · 3 years ago
  The Gekko trading bot is a popular choice among cryptocurrency traders, but it's important to consider the pros and cons before using it. One of the main advantages of Gekko is its open-source nature, which allows for customization and modification according to individual preferences. This flexibility can be beneficial for traders who have specific strategies and goals. Gekko also supports multiple exchanges, providing access to a wide range of cryptocurrencies and trading pairs. However, there are some drawbacks to using Gekko. As an open-source project, it may have limited support and updates compared to commercial trading bots. Additionally, Gekko's performance may be affected by the user's hardware and internet connection. It's also worth noting that Gekko requires technical knowledge to set up and configure, which may be a challenge for novice traders. Overall, Gekko can be a useful tool for experienced traders who are comfortable with customization and technical setup.
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