Autoview - Create Crypto Trading Bot just in few minutes in TradingView.

Summary

This video demonstrates how to create a simple and cost-effective trading bot using TradingView and HowToView software. The guide walks through setting up the software, configuring exchange connections, and creating alerts for a moving average crossover strategy. Viewers learn how to automate buy and sell orders on the exchange through the software’s alert system. The video also touches on limitations like needing the browser open for continued bot operation and restrictions on the number of alerts. Despite these limitations, it emphasizes the tool's ease of use and potential for quick bot setup, making it ideal for beginners.

Takeaways

• 😀 The video demonstrates how to create a simple and affordable trading bot using TradingView and browser-based software.
• 😀 To get started, you need to install the software and log in to your TradingView account.
• 😀 The bot requires access to your exchange account, and you must configure permissions to connect TradingView to your exchange.
• 😀 Some exchanges may need a paid version of the software, with free access being limited to only a few exchanges.
• 😀 To trade on an exchange, you must provide API credentials (API key and secret key) for the platform you're using.
• 😀 The strategy in this example is a simple moving average crossover: buy on bullish crossovers and sell on bearish crossovers.
• 😀 The video shows how to set up alerts for both long and short signals, specifying parameters like exchange, symbol, side, quantity, and order type.
• 😀 Alerts are customizable and can be configured to trigger based on various trading conditions like bar close or bar open.
• 😀 Once the alerts are set, the trading bot can automatically execute orders on your behalf when triggered by the alert signals.
• 😀 The main limitations of the tool include the need to keep your browser open and the limited number of alerts that can be created on the free plan.
• 😀 Despite its limitations, the tool is great for beginners looking to automate simple strategies and get started with trading bots quickly.

Q & A

What is the main purpose of the video tutorial?

The main purpose of the video is to show how to create a simple and inexpensive trading bot using the How to View software, which integrates with trading alerts and exchanges.

What software does the video guide users to install?

The video guides users to install the 'How to View' software, which is a browser-based tool.

How can users connect their trading exchange to the 'How to View' software?

Users can connect their trading exchange by creating API keys, entering the exchange details, and allowing the software permissions to access the exchange.

What are the different exchange options available with the 'How to View' tool?

The free version of the tool supports up to four exchanges, while the paid versions may support more. Users can also configure multiple exchanges for trading.

What is the purpose of creating an alert in the context of the tutorial?

Creating an alert is used to notify the trading bot when specific market conditions are met, such as a moving average crossover, which triggers buy or sell signals.

What does the message in the alert need to include?

The message in the alert must include specific parameters such as exchange, symbol, market side (buy/sell), quantity, and order type.

What type of strategy does the tutorial demonstrate?

The tutorial demonstrates a moving average crossover strategy, where a buy signal is triggered on a bullish crossover and a sell signal on a bearish crossover.

What are some of the advanced features available in the 'How to View' tool?

Advanced features include setting stop losses, profit targets, trailing stops, using leverage, and managing multiple alerts across different coins.

What are the limitations of the 'How to View' software mentioned in the video?

Limitations include the need to keep the browser open for the bot to function, the restriction on the number of alerts (200 for the highest account tier), and challenges when managing complex strategies or multiple coins.

How many alerts can a user set in the highest tier of the 'How to View' tool?

The highest tier of the 'How to View' tool allows up to 200 alerts.