How to create an automatic trading trading view message on TVExtbot

Hello, this is Quant Pick!

In this post, I'll show you how to create an auto-trade message for TVExtbot to enter into your trading view! Don't be in a hurry, just follow it one by one slowly.

 

1. Click 'Compose Message' on the left side of the TVExtBot menu!

- Click the 'Compose Message' tab on the left side of the TVExtbot dashboard!

- You will be directed to the screen where you create and save messages as shown below!

 

2. Select 'Exchange' => 'Binance Futures'!

- First of all, please select the exchange where you want to operate automatic trading!

- Quantpick uses Binance Futures Exchange to enjoy the benefits of low fees and abundant liquidity.

- The advantage of futures exchanges is that they have lower fees than spot and can take advantage of leverage.

 

3. Account => Select API key linked in advance!

- In the account section, select the API key you linked in advance!

- Select the exchange API key after checking the name you entered in TVExtbot!!

- This is because if you choose the wrong one, your order will go into your unwanted account!

 

4. Trade Coin => Choose BTC/USDT or any other coin!

- For trading coins, simply select the coin you want to trade with! To trade Bitcoin, select BTC/USDT, and for Ethereum, select ETH/USDT!

- For reference, it is most effective to trade 1 coin per account. If 2 coins are used in 1 account, the size of the position may be twisted.

 

5. Order Type => Select Market Price! // Order method => Select 'Buy'!

- Please select 'Market Price' instead of 'Limited Price' as the order type!

- The volatility breakout strategy is based on the previous day's highs and lows, and a new breakout line is formed every day. At the specified time, based on the previous day's price data, put a limit on the breakout price!!

- It would be nice if the algorithm could be developed by canceling the existing one the next day and putting it back on the new one!! The tools we use have limitations in entering and exiting the market.

- You can leave the order method as it is set to the default of 'number of copies'!

 

6. Select Order Quantity => Count(X) => Select Percent(O)!

- Please select a percentage instead of a fixed number in the order quantity selection item!

- If you use a fixed number, you cannot enjoy compound interest :)

 

7. Order quantity => Enter any number at random

- For the standard asset, please select 'Compared to Balance'! Please enter any number arbitrarily for the order quantity (%)!

- The strategy we are using is to set up a trading bot to flexibly adjust weight & leverage in proportion to the previous day's fluctuations.

- You can enter any number for the purpose of creating a message for this item.

 

8. Additional options => Leverage setting => arbitrarily set to 2x (will be flexible with volatility control technique later)

- Click the 'More Options' tab to set up your leverage!

- Click the Leverage Settings box to activate the leverage function.

 

- Click Leverage Settings and the following pop-up will appear!

- After checking the contents, please click the 'Confirm' button!

- In isolation mode, only the entered position evaporates when forced liquidation occurs.

- The cross mode lowers the forced liquidation price by holding all balances other than the position as collateral, but when a forced liquidation occurs, all balances are evaporated.

 

- As with the leverage ratio, you can set any multiple arbitrarily to generate a message!

 

9. Write message => Save message

- When you have completed all settings, please click the 'Compose Message' button at the bottom!

- Then, a message is created at the top as we set.

 

 - First of all, I will save the message by clicking the 'Save Message' button.

 

- The message you saved in the 'Order Message List' at the bottom has been saved.

 

10. Create a liquidation message! => Other settings pending => Order method => Select liquidation!

- Now that we have created an entry message, let's create a closing message this time.

- Leave the other settings as they are, and select 'Closing (position end)' in the order method!!

 

11. Order Quantity (%) => If you just leave it blank, everything will be cleared.

- Leave blank in the order quantity (%)!

 

12. Write message => Save message => Complete creation of entry & exit message!

- Likewise, click the Write Message button!

 

- Then click the Save Message button to save the message as shown below!

 

Above, we learned how to create an automatic trading trading view message in TVExtbot.

To explain more precisely, we are going to fix the code 'a little' so that we can flexibly adjust weight and leverage after entering a message in the fine script of the indicator we use~