Gekko: Open Source Bitcoin Trading Bot Platform

Gekko is a renowned open-source platform designed for automating trading strategies in bitcoin markets. Despite its discontinuation, Gekko remains a valuable tool for traders looking to leverage automated strategies. This article delves into Gekko's features, usage, and how it stands out in the trading bot landscape.

Introduction to Gekko

Gekko is a free, open-source software that allows users to automate their trading strategies over bitcoin markets. It supports 16 different exchanges, including Bitfinex, Bitstamp, and Poloniex. Gekko's primary function is to facilitate the creation, backtesting, and execution of trading strategies using technical analysis indicators.

Key Features

1. Strategy Automation

Gekko enables users to define their trading strategies, which it then automates. This includes aggregating live market data, calculating indicators, executing live orders, and simulating order execution.

2. Backtesting and Simulation

Users can backtest their strategies using historical market data or simulate live markets. This feature helps in assessing the potential effectiveness of a strategy before deploying it in real-time trading.

3. Web Interface

Gekko comes with a user-friendly web interface that allows users to monitor local data, manage strategies, and visualize backtest results.

4. Plugin System

Gekko's plugin system allows for notifications and updates via platforms like IRC, Telegram, and email. Users can also create custom plugins to suit their needs.

5. Cross-Platform Compatibility

Gekko runs on all major operating systems, including Windows, Linux, and macOS. It can also be deployed on cloud servers or Raspberry Pi devices.

How to Use Gekko

Step 1: Installation

Gekko can be downloaded from its GitHub repository. Users need to have Node.js installed on their system to run Gekko.

Step 2: Configuration

After installation, users must configure Gekko to connect with their preferred exchange. This involves setting API keys and selecting the trading pairs.

Step 3: Strategy Development

Users can develop their trading strategies using JavaScript. Gekko provides a framework for implementing technical analysis indicators.

Step 4: Backtesting

Before live trading, it's advisable to backtest strategies using historical data to evaluate their performance.

Step 5: Live Trading

Once satisfied with the backtest results, users can deploy their strategies for live trading. Gekko supports both paper trading and real trading modes.

Pricing

Gekko is completely free to use. However, users may incur costs related to exchange fees and server hosting if they choose to run Gekko on a cloud platform.

Competitors

While Gekko is a popular choice, other trading bots like HaasOnline, 3Commas, and Zenbot offer similar functionalities. Each has its unique features, and the choice depends on user preferences and specific trading needs.

FAQs

Q: Is Gekko still maintained? A: No, the original developer has stopped maintaining Gekko. However, the community continues to support it through forums and GitHub.

Q: Can I use Gekko for free? A: Yes, Gekko is open-source and free to use.

Q: Does Gekko support all cryptocurrencies? A: Gekko supports trading on 16 exchanges, which offer a wide range of cryptocurrencies.

Conclusion

Gekko remains a powerful tool for traders interested in automating their strategies. Despite its discontinuation, its open-source nature allows for community-driven updates and support. For those looking to explore automated trading, Gekko offers a robust platform to start with.

Explore Gekko today and take your trading strategies to the next level!