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
