How to run your Strategy for automated cryptocurrency trading

17 февр. 2023 г.

To 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.