WolfBot can trade on every alert coming from TradingView.com. This includes their CrytoScreener, built-in Indicators and even custom PineScripts.
So if you are familiar with TradingView, you can make WolfBot your trading backend for all your work you are doing on their site.
WolfBot furthermore allows some advanced configuration of how to act on TradingView signals. For example if you only want to trade in a certain direction or only on signals containing a specific keyword you can do so.
Screenshot of the TradingView strategy configuration in WolfBot:
When creating an alert on TradingView.com you must include a buy or sell word (which you configured in the screenshot above). So for example to tell WolfBot to buy BTC once it crosses 3629 USD the alert looks like this:
“Price” crossing a pre-defined value is just the most simple alert as an example. You can create more advanced alerts for every indicator on TradingView – including alerts for your own PineScripts.
Your messages can also include “limit=123.45” to specify a limit order price.
To use market orders, write market=1 in your alert.
If neither limit nor market orders are specified, the rate of the last trade will be used.
You can also specify a different trading amount by writing adding amount=123 to your message (in base currency, USD,…).
Immediate Order execution:
The default configuration includes: tradeStrategy: RSIScalpOrderer
This means that orders will be forwarded to a 3min RSI strategy and
- buy orders will be executed after RSI low ended
- sell orders will be executed after RSI high ended
The default configuration will wait for a 5min candle RSI to confirm the trend to execute the trade signaled from TradingView.
To have signals from TradingView executed immediately you must remove the RSIScalpOrder from the TradingViewSignal configuration (leave it blank). For more details to adjust the RSI parameters, please read the RSIScalpOrderer parameter descriptions on the configuration page.
Note to Gmail users:
You should be sure to enable access to Less Secure Apps in your Gmail account to ensure WolfBot can fetch mails quickly (without getting temporarily banned by Gmail).
Obviously, you can also create a new mail account just for WolfBot and use it for your TradingView account.
The best way to test if your signals work as intended is to set the trading capital in WolfBot to 0 (tradeTotalBtc on the configuration page). Then just send your alerts from TradingView and see what WolfBot says in the log (the blue arrow down right).