How to run your Strategy for automated cryptocurrency tradingTo run TradingView Strategy for real automatic trading at any Cryptocurrency you need:
1. Account at TradingView. (Tradingview.com)
And it can’t be a free “Basic” plan.
You must have any of available Paid packages (Pro, Pro+ or Premium).
Because for automatic trading you need the “Webhook notifications” feature, which is not available in the “Basic” plan.
2. Account at your favorite big Crypto Exchange.
You have to sign up with crypto exchange, and usually pass their verification ("KYC").
Not all exchanges are supported.
But you can use most big "CEX" on the market.
I recommend Binance (with lowest fees), Bybit, OKX, Gate.io, Bitget and some others.
3. Account at special “crypto-trading bot platforms”.
Unfortunately you can’t directly send trade orders from TradingView to Crypto Exchange.
You need an online platform which accepts Alert Notifications from TradingView and then – this platform
will generate pre-programmed trade orders and will send them to a supported Crypto Exchange via API.
There are few such crypto bot platforms which we can use.
I personally have tested 3 of them.
It’s "3commas", "Veles" and "RevenueBot".
All of them have almost the same main function – they allow you to make and run automated DCA crypto bots.
They have little different lists of supported Exchanges, different lists of additional options and features.
But all of them have main feature – they can accept Alert Notifications from TradingView!
3commas is more expensive.
RevenueBot and Veles – have the same low price – they take 20% from your trade Profit, but no more than $50 per month!
So you can easily test them without big expenses.
4. Combine everything into One Automatic System!
Once you have all accounts registered and ready – you can set up all into one system.
You have to:
1. Create on your Crypto Exchange – "API" key which will allow auto trading.
2. Create on the bot platform (3commas, RevenueBot, Veles) – new bot, with pre-programmed trading parameters. (token name, sum,
long/short, stop-loss, take-profit, amount of orders etc)
3. On TradingView configure (optimise) parameters of the strategy you want to use for trading.
4. Once it’s done and backtests show good results – you should create “Alert” on the strategy page.
You have to point this alert to “webhook url” provided to you by the crypto-bot platform (and also enter the needed “message” of the alert).
For each of the bot platforms, you can find the details on how to set them up on their official sites.
If you do not understand it and need help, please contact me.
Automatic
HOW-TO: Automatic Pattern Detection in TradingViewChart patterns are a part of the foundation of technical analysis and are one of the most popular methodologies used by traders to predict future price variations.
Chart patterns are governed by precise identification guidelines and it is important to effectively recognize the presence of a specific pattern. Since this recognition process can be subjective, we designed a robust and efficient algorithm for the detection of traditional chart patterns, saving users valuable time.
In this post, we describe how to effectively use the Automatic Pattern Detection inside our main toolkit, Lux Algo Premium .
Using The Pattern Detection Feature
The Automatic Pattern Detection can be enabled within the Lux Algo Premium toolkit directly from SR Mode.
When enabled, a new cell on the dashboard will appear showing the current detected pattern. When no patterns are detected the dashboard will indicate the absence of a pattern and dashed lines will be displayed that can be used as support and resistance.
The Pattern Detection feature at the time of this publication can detect the most commonly traded chart patterns, including:
Rising/Falling Wedges
Ascending/Descending/Symmetrical Triangles
Head And Shoulders
Inverse Head And Shoulders
Double Tops/Bottom
Note that the Pattern Detection algorithm depends on the current SR significance selected. Higher SR significance aims to return longer-term pattern structures.
Examples
Below are some examples of detected chart patterns using the Automatic Pattern Detection.
Rising Wedge
Falling Wedge
Ascending Triangle
Descending Triangle
Symmetrical Triangle
Head & Shoulders
Inverted Head & Shoulders
Double Top
Double Bottom
Tips
Once you have noticed a promising detected pattern, it is important to look at various other factors to gain confidence on its validity, as well as having a good plan in order to trade it.
You can see if an ongoing pattern requires your attention by looking at indicators or possible patterns on lower/higher timeframes and checking if this information lines up with the ongoing pattern as well.
Certain patterns require certain volume trends in order to asses their validity. Some require down-trending volume, others require up-trending volume, and some require significant volume during a breakout.
It is possible to set take profits and stop losses when trading chart patterns using measure rules. Measure rules have been described by Bulkowski for several patterns.
We have an ongoing series about classical and more exotic patterns that you can read in order to understand them at a deeper level with education on identification rules, measure rule, and causes: