Create No Code Auto Trading Bot with Tradingview and OKXHello Everyone,
In this tutorial, we learn about how to create simple auto trading bot using tradingview alerts and OKX exchange built in integration mechanism.
Few exchanges have come up with this kind of direct integration from tradingview alerts to exchanges and as part of this tutorial, we are exploring the interface provided by OKX.
In this session, we have discussed
🎲 Preparation Steps
Preparing tradingview account
Webhooks are only available for essential plans and plus.
Enable 2FA in your tradingview account.
Preparing your OKX account
Create OKX account, and we prefer you do the initial tests under demo account before moving to active trading account.
Bots created in demo account will not appear in the active trading account. Hence, when switching to active account, you need to create all the setup again.
🎲 OKX Tradingview Interface Features
What is supported
Auto trading based on strategy signal
Custom signals - Enter Long, Exit Long, Enter Short, Exit Short
What is not supported:
Stop/Limit orders
Bracket orders/ Complex execution templates
🎲 Weighing Pros and Cons of Using Direct Interface rather than Third party integration tools
Pros
Latency is minimal as per our observation
Easy Integration with Tradingview and Pinescript Strategy Framework and no coding required
You save cost on third parties and also avoid one hop.
More secure as your data is shared between less number of parties.
Cons
No native support for Stop/Limit orders
Beyond Technical Analysis
Quantitative Tightening Effects on the Markets This video tutorial discussion:
• What is QE and QT?
• Each impact to the stock market
• The latest QT, how will the stock market into 2024?
Dow Jones Futures & Its Minimum Fluctuation
E-mini Dow Jones Futures
1.0 index point = $5.00
Code: YM
Micro E-mini Dow Jones Futures
1.0 index point = $0.50
Code: MYM
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
How To Build A Trading Journal That Helps You Make MoneyHey everyone!
In this video, we discuss why trading journals are important, talk about how to avoid common pitfalls in using them, and go over the keys to implementing one successfully in your own trading.
Over time, a well-crafted trading journal can actually help you make money, while building out the most important skill you can acquire as a trader: pattern recognition.
We also cover three main principles that you can use if you already have a journal set up that isn't working as you'd like. Be sure to:
1.) Keep it simple.
2.) Track the right things.
3.) Follow up regularly.
Do these, and it's impossible you won't get significantly better over the next 6 months - year.
Cheers!
Looking for more high-quality trade ideas? Follow us below. ⬇️⬇️
Revisiting Automatic Access Management API for VendorsThis video explains how to automate access management for vendors who build and sell invite only scripts based on subscription or one time fee. I have made videos about this earlier as well. But, due to high demand, I have been asked to make this video again.
🎲 Tools Required
Replit - Used for hosting the service that automates access management
Postman - To test the services hosted
🎲 Prerequisites
User should have premium tradingview account and be able to publish invite only scripts by following the house rules.
User should disable 2FA on their account in order to allow programs to login remotely and manage access.
🎲 Steps
All the steps are also mentioned in the githup repository: github.com
🎯 Run the access management service
Fork the replit repository: replit.com
Update Environment Variables tvusername and tvpassword
Run the repl
🎯 Use postman to test the service methods
Detailed explanation of the API calls are present in the github link provided above. The service is capable of doing following things.
Check if the given tradingview username is valid or not
Get the access details of given user to list of scripts identified by pub id.
Delete the access to given user to list of scripts identified by pub id.
Provide/Extend access to given user to list of scripts identified by pub id for specific duration.
🎲 Notes
Please follow house rules while publishing and selling subscriptions to invite only scripts.
Do not commercialize these API calls or do not turn it into product. The mechanism is built on backend calls that are not officially supported by tradingview. While tradingview is tolerant on individual use, any malicious activity may force them to shut this down for everyone.
📈 The Ultimate Altcoin Survival Guide 🎯🛡️Hey there, crypto enthusiasts and market savvies! Professor here, bringing you a critical update that you can't afford to miss! 💎🔥
00:00 Hey folks, let's dive right into the world of altcoins. You've been hearing me sing praises for Bitcoin lately, but what about the underdogs, the altcoins? 🎤🤔
00:16 Well, guess what? I haven't forgotten them; I've just been analyzing. Let's get to the heart of the matter and talk about what the charts are screaming at us. 📈💡
00:23 We're looking at an 8-hour chart that excludes Bitcoin and Ethereum. Notice this massive channel? It's crucial for the altcoin market, and right now, it's shouting "Resistance!" 🛑🔔
00:49 Yup, we're walking on thin ice. This is the time to hold your horses on altcoins and keep your eyes peeled on those levels - 335 and 319 billion, to be exact. 🎯🛡️
01:32 Bitcoin remains our "safe haven," especially with Bitcoin dominance skyrocketing. Stick with me, and you'll know why my 80% trading focus is on Bitcoin right now! 🏆🛡️
02:42 Spotlight on ADA and Ethereum: My positions? Increasing in ADA at 0.268 and shorting Ethereum. It's not about being bullish or bearish; it's about being smart! 🎯👓
04:53 What about LINK? It's all about that channel, baby! We took a long position and scored a phenomenal trade. This channel strategy works like magic! 🌟🚀
06:18 Speaking of magic, let's talk Matic. Major resistance here; don't jump the gun. When the channel says go, we GO! 🚀💥
07:27 Targets? I've got 'em! 1.7, 1.9, and 3.2. Manage your risks and reap the rewards, simple as that. 🎯👑
08:00 XRP? It's in time-out under resistance. But hey, let's keep an eye for that rebound. It could be our golden ticket. 🎫💫
09:11 Bottom Line: The Total Three Chart for Crypto says altcoins are in danger. For now, Bitcoin is my ride or die! 🛡️🏆
09:51 Stick around, engage, and let's keep this conversation going. If you're still with me, you've just leveled up in your trading game! 🎮🌟
One Love,
The FXPROFESSOR 💙
full video transcript:
00:00 Hey everyone, time to take a look at altcoins. Professor been extra extra bullish on Bitcoin. Okay, you see not so much on altcoins.
00:10 I posted a lot of Bitcoin, not many else. People ask me, hey, you forgot about phantom. You forget about sandbox.
00:16 You forget about STF CFX, but I didn't forget about anything. It's just I follow the charts. So let's follow the chart.
00:23 That's the total three. It excludes its cryptocurrencies excluding Bitcoin and Ethereum. So what do we have here? That's the eight hour chart.
00:32 And we see a massive channel, okay, which is support on the lower end support resistance in the middle and its resistance on the top.
00:42 So what do we have right here? Let's go to the 15 minute chart. Unfortunately, ladies and gentlemen, my dear friends, we have resistance.
00:49 So we need to be careful because these breakouts, it didn't go higher. So we are running a danger of going a little bit or a little bit more lower.
01:02 So 335 and 319 billion. It's where I want to buy again and of course I will have alerts. Like to all 3 on major support.
01:23 So we need to be careful with altcoins at this very moment. Think about it this way, Bitcoin. For me it's a safe haven.
01:32 That's why I keep saying safe haven. I keep repeating myself a little bit of times but you know maybe this is not the perfect time for riskier assets and cryptocurrencies altcoins and so on.
01:44 This could be time for Bitcoin. So personally I do prefer Bitcoin at this time of stage but who am I?
01:50 Let the chart do the talking. Let's go to Bitcoin dominance. You see how it has exploded and you can see here why from this level over here for this breakout on October 2nd we have been 80% posting about Bitcoin, Bitcoin, Bitcoin because the dominance was expected to rise.
02:09 And it did break out higher. So my expectation is to see the 58%. We are now at 54% and if the price drops lower then it has huge, huge support at 52%.
02:22 So Bitcoin dominance says, Hey buddy, maybe this is not a perfect time for altcoins. This is the time for Bitcoin.
02:32 And we go to 58% or we go even higher at 66%. Okay? Now let's take a look at the major altcoins that would make more sense to, everyone.
02:42 Ada, looking good. Looking good. And I'm looking to increase my position at 0.268. We've been long through here. It's going well.
02:50 Ethereum, 1771. Today we went short my community right under this level over here. So we have a short position hedging our long positions and it's beautiful.
03:00 1.827 is resistance support at 1629 and let's go to SDX no big news here okay major support would be this level over here that's why we have the alert and it will go automatically to our friends and family who follow us up very very similar very close to support but still you see not going higher for
03:29 the time being so one inch let's discuss about one inch that's a 15-minute chart you see it got rejected at the middle of the channel if we go to four hours it will make sense so one hour actually is gonna a lot of you know it's gonna make even more sense so what do we have here we have a channel how
03:51 simple is it to make a channel I mean you know resistance or resistance resistance and the middle of the channel so we are remaining long we have a long position but we want to buy over that level and that's exactly why we have the alert there and when it hits there if it breaks higher we go long for
04:10 the time being we're being aware and we would be looking to follow the price within the channel does this work does it make sense well let's take another example let's look at link for example and let's go to the eight hour chart and look at these guys i mean how more simple this is straight up most
04:32 simple charging the world as the most beautiful channel support support support support three times at the lower end of the channel three times very clear three times very clear resistance up there and then what we have the fake out over here and the minute it goes back into the channel that's the time
04:53 to go long that's the time we did go long and that's how we followed the price and we increased the position over here at this level and we have a phenomenal trade which we have shared the result with you here it's the same chart it's the same deal so the channel works we wait for the price to go on
05:12 the channel and that would be support and we can increase the position that we already took profit from massively or if it dips back under the channel then we're going to go short and we're going to keep the stop loss over the channel so as simple as that I want to show you Matic before I go because
05:29 it's also at a major major major resistance Matic is one of my favorite assets and I've post it a lot of times from 0.20 all the way up to 2.4 and 2.8 so if you have been following me you can check the previous ideas we did very very well with entering now nicely and with exiting nicely so we're looking
05:56 to get back on Matic but we want to see the price get back into the chart. I want to see the price get back into the chart so for the time being we are at the scary situation where, ah, scary, okay, ah, but we are under the channel so we are under what is right now major, major, major resistance.
06:18 So, ah, one can go short, okay, or one can wait. That's what I'm doing in this case. I don't want to go short on magic because it's one of my favorite ones, but what I want to do is I want to have a big ass alert over here that will allow me to go long and buy this break.
06:41 If the price goes back into the channel, magic major entry, we're getting up and buying. That's what I say this breakout in the channel with stop loss 0.64.
06:51 So that would be an entry at 0.66 a stop loss at 0.60. 4. Let's put some number into that. So from there to 0.64 it's around 3%.
07:03 Okay, 3% exactly. But where is the take profit? Well, if you take a look at the take profit, we're looking about a take profit of and always think risk to reward is going to help you a lot to manage risk.
07:17 So we're looking at take profit here at 153% higher or there at 188 or all the way up there to 364.
07:27 So this would be my 3 target. 0.64, the stop loss 1.7, 1.9 and 3.2 and of course there is another level to 1.03.
07:39 So I'm going to add that 1.03 as well as a 4.0. 4th target and that would be a beautiful trade.
07:48 For the time being, don't get too excited. Let's look at XRP as well because a lot of you asked about XRP also under resistance at the time so I cannot buy that.
08:00 I cannot go long. Wait and see if there is a rebound here where the support level because if that happens, then I want to go long there and I want to have my stop loss under there and you know, the beauty of this is that small risk, high reward, but at the same time if the price rebounds a little bit
08:17 like Bitcoin, we get a new entry today and the price did rebound from here, okay, all the way up there.
08:26 So already we move the stop loss out entry and worst case scenario is we're going to hit the stop loss and make no money, lose no money, okay.
08:32 So these levels will give you very high return for lower risk and at the same time it's a highly probable to rebound level so it can give us a very, very flexible.
08:48 Way of trading for the time being this is chart I want you to focus on and that's the total three for crypto so altcoins right now in danger for all the charts that I have just mentioned we're looking to buy much bigger on altcoins and there we'll have a proper bull run if only we can break this level
09:11 and get outside of the channel and have the breakout so for the time being we looked at bitcoin dominance I'll stick with bitcoin as a 80% of my trading and of course I will remain long on bitcoin.
09:27 That's it from me. Hope it makes sense and this time give me some comments discuss with me because this is a kick ass video with a lot of you know, precision charts and a lot of educational hints.
09:41 So those are you that stayed with me until the end of this 10 minute video. You must have learned something and I hope that it does help.
09:51 Take care. Keep in touch.
How to backtest Signals with different Risk to reward ratioHello traders , this is my very first video on this platform, so please bear with me as I plan to make better content in the future.
In this video, I aim to show you how to test your trading signals using various risk-to-reward ratios. The goal is to identify the most suitable ratio for your signals and create a profitable strategy.
What's crucial in strategy development is effective risk management and selecting the right risk-to-reward ratio. You might have a signal that performs poorly at a 1:1 ratio but becomes profitable at a 3:1 ratio. I'll explain how to use this indicator and why it can be highly beneficial for your trading.
In this section of the video, I'm demonstrating how to apply this method to internal signals like RSI, moving averages, and Supertrend.
Additionally, I'm planning to create another video to teach you how to backtest your own external signals.
Please let me know if this is something you'd like to learn more about.
How To Save Layouts & Find Previously Used LayoutsFollowing up on our video looking at how to customize a chart & how to have multiple charts on a single screen at once.
I wanted to take a look at how to customize a chart & save it as a layout, that way you can have completely different tabs for different pairs, strategies or other uses.
If you have any questions or comments please leave them below.
Akil
Dissecting SPY Price trends With Fibonacci Price TheoryHave you ever wanted to learn the one technique you can use on any chart, any interval, or any technical or price set up to help you become a better trader?
Let me show you the basics of Fibonacci Price Theory and how to use it.
Price is always seeking new highs or new lows - ALWAYS.
You'll hear others talking about price filling voids or moving through accumulation/distribution phases - which is all true. Price moves through these support/resistance levels or quickly through price voids to reach new highs or lows. This is all part of Fibonacci Price Theory.
When you learn to understand various intervals using this technique (Weekly, Daily, 30 Min, or others), you'll quickly be able to identify short-term, long-term, and intra-day trends like a pro.
It is not about catching every trend reversal/setup. This technique is about teaching you to stay on the right side of trend and to target the Sweet Spot in the middle of breakaway/breakdown trends.
Follow my research. Learn how I can help you become a better trader.
An Intuition Flashed So Hear Me OutNever violate your hunches! With good intentions I want to introduced something that could raise our skill to the max.
The 100UNIT Challenge
================
The idea here is to get rid of that demo mentality of believing it wont help when in reality it can truly sharpen our skills to a level unlike no other.
I did agree once about it that demo can be a waste of time or that no money is involved so it couldnt affect me the way real money can and I agree with all that completely.
Can we admit that the power of money and how much of a grip it have on us, it's unreal.
Takes training on a higher degree. Discipline and all the above to be able to treat a demo account like their real one.
With that being said I want to introduce an idea of mines, the 100UNIT challenge. To keep it simple, goal is to flip 100UNIT as high as possible trading BTC only without losing the account by going into negative balance. This is where trust comes in. You can reset as many times as you like but we all know you cant fake the ACCOUNT HISTORY which is needed to show your proof of trades. BTC only for now because it's the hardest asset to trade. This is not meant to be easy.
Rules:
We are to start with 100UNIT balance with a max risk per trade of 1-2UNITs increasing by .5 every 100UNITs profit.
Use any trading style you like but stick to the objective.
The idea is to focus on SKILLS and not the PROFITS .
And to practice for getting funded.
How high can you flip 100UNITs without losing the account first?
A very long-term (Macro) Approach To US/Global MarketsAfter completing my weekend research/videos, I wanted to create something that provided an anchor for traders/investors.
This video is not focused on the short-term market trends - although it does discuss what I expect to see play out over the next 12 to 24 months.
This video is more about preparing traders/investors for the global events related to Central Banks, market trends/opportunities, and how I believe the markets will react over the next 5+ years.
After watching this video, your job will be to watch for key events to unfold. These events, described in the video, will be key to understanding where opportunities and risks are in market trends.
This is NOT the same market we've been used to from 2010 through 2021. This is an entirely different beast of a global market.
Credit/debt issues will persist, and conflicts/war may drive major repricing events.
Pay attention and follow my research.
I'm delivering this long-term research to help you better prepare for market trends and protect your capital from downside risks.
10-6 Using Price/Fib Theory To Catch NFP MovesThis short video shows you how I used Fibonacci Price Theory techniques to identify trends, catch the biggest moves in price today on the SPY/SPX500.
This is an instructional video - attempting to show you how to use PRICE (the ultimate indicator) to help you learn to become a better trader.
How did I know price would REJECT at $425.40 this morning and sell downward?
How did I know the bottom would confirm near $421.20?
How did I know the price rejection near $421 (after the bottom) would result in a bullish rally phase?
Fibonacci Price Theory teaches us:
Price must always seek higher highs or lower lows - ALWAYS.
Failure to establish higher highs means price will attempt to make lower lows.
Failure to make lower lows means price will attempt to make higher highs.
Watch the video. Ask questions if you have them.
Price is the ultimate indicator - use it.
How to Profit from Trend Exhaustion - XAGUSDHow much ... and when? What else is there to know? Enjoy this multi-timeframe tour of the XAGUSD chart to learn how I find MAJOR reversals and targets BEFORE price action reaches them. As always, I strive to produce charts that speak for themselves, and yet this is my video debut here on Tradingview, and I could not be more pleased to narrate this unusual experience. If you enjoy it or, better yet, if you learn from it, then consider this a preview of forthcoming weekday morning livestreams, which I hope you will follow. Until then, be liquid!
Dive into the Coolest Blue Vibe: Unveiling TradingView Skin! 🎉✨Hey there! 🌟
Guess what? I've just whipped up my very first skin for TradingView, and it's got this super chill blue vibe! 🌊 Not only is it a treat for the eyes, but it's also packed with snazzy animations and color pops. 🎨✨ I'm super curious - what do y'all think? Got any cool suggestions or tweaks in mind?
Fancy using this theme? Drop your email in the comments and I'll buzz you soon! 💌 And don't sweat, setting it up is a breeze on any browser. 🌬️
Catch ya soon! 😄🚀
How to Set Pending Orders For ForexHey Rich Friends,
Today, I will explain how I use market orders when trading in the Forex Market.
By taking advantage of this option, I am able to enter my trades with less anxiety and never experience FOMO when I have pending orders set hours and days in advance.
Here are 5 Types of orders you should know:
1. Market Execution: Buying or Selling at the current price in the direction you expect the market to go. Adjust your TP and SL accordingly.
2. Buy Limit: The entry point is set BELOW the current market, but the price is still expected to rise and continue buying.
3. Buy Stop: The entry point is set ABOVE the current market, but the price is still expected to rise and continue buying.
4. Sell Limit: The entry point is set ABOVE the current market, but the price is still expected to fall and continue selling.
4. Sell Stop: The entry point is set BELOW the current market, but the price is still expected to fall and continue selling.
I hope this helps someone!
- Peace and Profits, Cha
Understanding Interest-rates & InflationHey Traders
So, I have been asked by many of my clients to explain the relationship between interest-rates and inflation and how to translate that information into their analysis.
For this reason I put this little mini lesson together to explain:
- The core role of the central bank
- Reason and objectives for interest-rates and inflation
- How you can use this information to enhance your analysis
- How to take advantage of this info when taking, managing or closing your trades.
PS. if you would like me to do more of these types of videos be sure to leave a comment in the comment section.
How To Use Bar Tick Replay & historical DataIn today's Tradingview Basics video Akil Stokes walks you through his FAVORITE tool here on Tradingview which is Bar Tick Replay.
Having the ability to go back through historical dat whether it's fore data acquisition and/or find tune your trading eye is KEY to becoming a consistently profitable trader in my opinion.
Hope you enjoyed the video and if you have any questions or comments, please leave them below.
Akil
3 Month Bill Drops To 5.3%In this video, it was difficult to explain everything
--
The first thing we look at is the
3-month bill the price of this bond
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Is set to drop as of this writing
Later the price will be baked into the market
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In about 4 days from now
This is very important to understand
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Because the financial market is backed by
Bonds
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Once you understand bonds then you will learn
How you can well profit from this type
of market psychology
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Watch this video to learn more
--
Disclaimer: Do not buy or sell what i tell you
to buy or sell do your own research before you trade
This is not financial advice
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To learn more about this topic rocket boost this article
Learning Wykcoff Trading Method. {27/08/2023}Wyckoff Most Popular Trading Method Across Retail Traders and Smart Money.
Practicing on the Market to make myself expertise and Trade efficiently without putting my emotions while executing my trades.
Will be trading on Smart Money like Orderblock, trendline, the break of Structure, Change of Character, and Now Wyckoff trade schematic with the trend to improve my trade risk reward ratio.
Let's See
Thank you for your support.
Happy trading
FX Dollars.