Using a trading strategy directly on TradingView - TopBot+ -

This step is only useful if you've never used a script on TradinView before.
If not, you can skip to the next chapter.

Here are the principles for using, setting and configuring signals for your bots on TradingView. We'll go into more detail in the rest of the course.

1 - Find the strategy and apply it to the chart

In TradingView, click on indicator then search for the terms TopBot Anomaly.

Choose the one that corresponds to your subscription level.

2 - Choose an asset

Our own training and use of the strategy takes place on BitGet. To achieve results similar to those presented here, be sure to select the right asset and broker at this stage.

3 - Choose a timeframe

4 - Open strategy settings

Simply double-click on the strategy name to open the settings window.

5 - Overview of strategy parameters

  1. Trading mode: You can choose the classic mode (with only longs, only shorts, both with exit at moving average, both with exit on adjustable deviations (recommended). - You can choose Swing-Trading mode (when a long position is closed, a short is immediately opened instead, and vice versa).
  2. Choice of display: a floating window with all important information, a minimalist window with only the percentage result, or nothing at all.
  3. If you wish to speed up the calculation time for each new parameter setting, you can disable all visual functions to speed up calculations.
  4. Set the length of the basic moving average. The MA lenght is an important parameter that will change according to each asset and timeframe. It's one of the first things you'll need to find when setting up your strategy. Generally speaking, the ideal MA lenght is between 1 and 45. You can also change the type of moving average and the data source, but generally the default values are the most effective.
  5. Swing mode only - If you've selected Swing-Trading mode, all you have to do is set your MA lenght and then the upper and lower limits of your swing.
  6. Stop-Loss - Optional in normal mode, recommended in swing trading. If a stop-loss is reached, an order to exit the position is sent cenpendant, in the case of swing trading for example, you will also need to enter it on your intermediary when configuring your bot.
  7. Deflection control the output level of long positions
  8. Adjustment of long position input levels (0 to disable)
  9. Deflection control the output level of position shorts
  10. Adjustment of shorts input levels (0 to disable)
  11. Investment type settings per position input. To be adapted according to the number of entries and your risk management. The default option "Percent avariable balance" means that the first entry into position will be made with % of your indicated capital, the second with % of available capital (initial capital - capital mobilized for the first trade), etc). This is what we recommend if you program your bot with % on your intermediary. If you want all entries to "weigh the same", prefer the "Cash" option, dividing your total capital by the number of entries per direction, which will guarantee a regular entry.
  12. Option to limit backtesting over time: Useful for eliminating first trades that are often wrong (because the moving average has not yet been calculated) and for assessing profitability over specific time periods.
  13. Programming your trading bots: This is where you enter orders for your trading bots before setting an alarm. When the strategy's conditions are met, TradingView will automatically send an order to your bot via a webhook (detailed later in the course).

6 - Setting an alarm

Would you like to be notified on your phone (via the TradingView application) when your strategy has met its conditions? Simply set an alarm.
In future chapters, we'll look at how to use this function to control our trading bots automatically via a webhook.

To set an alarm, you must be on strategy tester / overview then click on the alarm clock. In the alert message, enter {{strategy.order.comment}} which will allow the strategy to send you the information corresponding to the situation (Enter_Long; Enter_Short; Exit_Long; Exit_Short).

You now have the basic principles to begin your search for assets, timeframes and settings to make the most of your strategy.

We'll continue our learning process step by step in the next sections.

A complete FREE training for automate your crypto trading!

Because knowledge is the first key!

Learning and optimize a strategy

You will learn how to use TradingView, how to apply and adjust our free lifetime TopBot Anomaly LITE strategy on Tradingview and our premium TopBot Anomaly Pro strategy.

Then simply follow our YouTube channel for weekly tuning suggestions and additional training modules.

Choosing and using a broker to trade

We'll take a step-by-step look at how select and use a broker to place our trading orders and hold our cryptocurrencies.

Visit SPOT trading or in FUTURES with leverage, the choice is yours the way you trade

Automate all your trades

Find out how automate all your trades so that your strategy can trigger orders automatically on your broker.

Visit free up timefree yourself from stress and mental load trading with your own trading bots that monitor the markets for you 24 hours a day !

Define a financial strategy

Because the capital management is one of the keys to success in trading, we will learn how to approaching risk management as well as the basic concepts of statistics for trading and controlled risk.

We'll look at the various possible uses of our strategy with smoothing at up to ten input levels to handle all market conditions!

Get free access with our free subscription plan

Share: