Take trading with TradingView alerts to the next level with Gunbot

Pim from Gunbot
Nov 16, 2018 · 7 min read
Image for post
Image for post
So you got good scripts on TradingView, now what?

TradingView can do so many things, except actually place trades on the exchanges that matter for crypto traders.

How does Gunbot integrate with TradingView?

Image for post
Image for post
TradingView alert example
Image for post
Image for post
This is how to configure Gunbot to listen to incoming alerts from TradingView (or any source: as long as the alert content follows the expected format, Gunbot can execute it).

Scenario 1: TradingView all the way. Just execute the alerts already

Working alert: BUY_BINANCE_BTC-ETH_0.1Abstracted: ACTION_EXCHANGE_PAIR_AMOUNT
Image for post
Image for post
Image for post
Image for post

Scenario 2: Just buy with TradingView alerts, let Gunbot sell

Image for post
Image for post
Image for post
Image for post
The buy method is irrelevant here, as it will get disabled. “tssl” is short for “trailing stop / stop loss”.
Image for post
Image for post
Image for post
Image for post
Image for post
Image for post
This sell order was realized using the exact sell settings described above.
Image for post
Image for post

Scenario 3: Buy and sell using TradingView alerts, use Gunbot to automatically average down when prices drop

Image for post
Image for post
Averaging down looks like this. The first arrow shows the initial buy order, the second and third arrows are Gunbot processing DCA. The result would be that the average price per unit is about as high as the rates around the second buy order. That’s a lot more realistic to profitably sell soon than without using DCA.
Image for post
Image for post
Image for post
Image for post
The buy and sell methods don’t matter a lot here, as only DCA will be used.
Image for post
Image for post
Image for post
Image for post
This leaves selling to your script at TradingView.
Image for post
Image for post
DCA is called “Double up” in Gunbot, shortened: “DU”.
Image for post
Image for post
You’re all set after adding this pair.

If you liked this story, please feel free to waste 15–20 seconds to give it 50 claps.

Gunbot

Gunbot is an advanced trading bot for cryptocurrency…

Pim from Gunbot

Written by

Crypto trading automation nerd. Gunbot dev. Website: www.gunbot.com

Gunbot

Gunbot

Gunbot is an advanced trading bot for cryptocurrency exchanges. Use it to increase your trading profits, or automate parts of manual trading. Find us @ www.gunbot.com

Pim from Gunbot

Written by

Crypto trading automation nerd. Gunbot dev. Website: www.gunbot.com

Gunbot

Gunbot

Gunbot is an advanced trading bot for cryptocurrency exchanges. Use it to increase your trading profits, or automate parts of manual trading. Find us @ www.gunbot.com

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store