TradingView has become a go-to platform for traders worldwide, thanks to its powerful charting tools and extensive array of strategies. But did you know you can automate ANY TradingView strategy without writing a single line of code? In this guide, we’ll show you how to turn your TradingView strategies into automated trading bots, saving you time and potentially boosting your profits. Stick around until the end for a special bonus tip that will take your trading to the next level.
Getting Started with TradingView
TradingView offers extensive charting tools and a plethora of trading strategies. To get started, set up an account at tradingview.com. Familiarize yourself with the interface, especially the charting tools and the strategy section.
Finding Profitable Strategies on TradingView
Finding the right strategy is crucial. TradingView offers many public strategies for free. Head to the ‘Indicators’ tab and search for strategies like RSI, MACD, or Supertrend. Evaluate their performance by backtesting them on different timeframes. For instance, the Supertrend strategy is popular for Bitcoin and has shown good results over time.
Automating Your TradingView Strategies Without Coding
Once you’ve identified a profitable strategy, it’s time to automate it without any coding. Here’s a simplified process using TradingView, Make, and WunderTrading:
- Set Up TradingView Alerts:
- Choose a strategy (e.g., Supertrend) and apply it to your chart.
- Set up alerts for buy/sell signals. Ensure you’re on the appropriate timeframe (e.g., one-day chart for Bitcoin).
- Use Make (formerly Integromat) for Signal Routing:
- Create an account on make.com and set up a scenario with a webhook.
- Configure the webhook to receive alerts from TradingView.
- Add filters to ensure only relevant signals (e.g., BTC/USD) are processed.
- Configure WunderTrading:
- Create an account on https://wundertrading.com/en and connect your exchange (e.g., Bybit) via API keys.
- Set up a signal bot on WunderTrading to handle buy and sell signals.
- Link WunderTrading to Make so that alerts trigger the appropriate actions on your exchange.
Step-by-Step Process to Automate ANY TradingView Strategy
- Setting Up Make:
- Log into Make, create a new scenario, and add a webhook.
- Copy the webhook URL to TradingView alerts.
- Creating Alerts in TradingView:
- Set the alert to trigger on buy/sell signals.
- Use the webhook URL from Make to send alerts.
- Configuring WunderTrading:
- Create a signal bot in WunderTrading.
- Connect the bot to your exchange using API keys.
- Set up the bot to execute trades based on the alerts from Make.
Advanced Tips and Tricks for Automated Trading
To get the most out of your automated trading, continuously monitor and adjust your strategies. Use tools like TradingView alerts to stay updated on market changes. Avoid common pitfalls such as over-optimization and underestimating market volatility. Regularly backtest and refine your strategies to keep them profitable.
Watch the video to see a step-by-step demonstration of the automation process.
Bonus Tip:
Try combining multiple strategies for a more robust trading approach. For instance, use a combination of Supertrend and RSI strategies to confirm trade signals, reducing the likelihood of false positives.
