Automating Trading View Strategy with a 3Commas DCA Bot

Abbreviations

• TV - Trading View
• DCA Bot - Dollar Cost Averaging Bot

#Inspiration

Found an attractive Buy Sell Alerting indicator on Trading View (Video Published on Sri Crypto Youtube Channel) and wanted to make a DCA Bot out of it and Trigger buying signals with Trading view.

#What it Does

For each candle closure on TV Chart, if all conditions met for Buy, Trading view will show a "Buy" Alert below the candle. It will trigger a DCA Bot on 3Commas Platform and Binance account will initiate a Long Trade with 10$.

Taking Profits with +0.5% price deviations. (wanted to exit the deal ASAP)

Ladder buying / averaging the trade starting from -1% deviation. Martingale strategy (2x) is used for Order size Multiplication and Price Deviation.

#How I Built — TL:DR

TLDR: Created DCA Bot with 3Commas and automated it with Trading view Script for Buy Signals.

Set Safety order values for 2x and Safety order steps for 2x.

What you need?

• Trading View Account — https://www.tradingview.com/gopro/?share_your_love=Nisal

Join me on TradingView, this place is awesome.

TradingView Premium Account

TradingView

• 3Commas Account — https://3commas.io/?c=Bot+House

3Commas - Crypto Trading Bot Automated Altcoin/Bitcoin Platform

✔ 3Commas Crypto Trading Platform - Smart tools for cryptocurrency investors ✔ Useful information about smart trading and crypto trading bots ✔

3Commas

Above links will  help you to obtain some discounts on platforms and I would get a small commission from the platform.

#Adding Script / Indicator

• First You have to have an Indicator which supports alerts on Trading View. you can try the below script if you like.

Script should have Alert Conditions option enabled.(This is a must for setting Alerts on Trading View)

SRI Strategy (Tweaked - CMNisal) — Indicator by Nisal

Mix of few indicators to Identify buying and selling alerts. RSIBollinger BandsIchimoku Cloud

TradingView

• You can click on the Add to Favorite Scripts button on the indicator’s page.

• Add the indicator to the desired chart.

#Creating DCA Bot and Getting Webhook from 3commas

• Create a 3Commas DCA Bot / Copy from exiting bot link.

https://3commas.io/bots/6032553/shared_show?secret=076db2dff1

• Don't forget to set the deal start condition as "Trading view custom Signal"

• Scroll down and Find the "Message for Deal Start Signal"

• Copy the JSON (marked in red) and head back to Trading view. (Clicking JSON will copy content to clipboard)

#Creating Alert with Trading View

• Select the desired symbol on Trading View and let’s start Adding Alerts (Alt+A)

• When Adding the alert for indicator, Select the Condition you want. In this case we will get the Long Entry as Alert Condition.
• These points are Important when you're setting up the alerts. Check the Screenshot below.

- Options - Once per Bar Close for Avoiding false signals

- Webhook URL - paste the link: https://3commas.io/trade_signal/trading_view

- Tick Webhook URL

- Message - Paste the JSON you copied from the 3Commas Deal Start condition.

Vola! Your Bot should be Starting deals with Buy Alerts.

Now you can just sit back and watch. 😉

#P.S.

If you want to be alerted when a new deal starts, you can setup below options.

• Connect Telegram with 3Commas.
• Notify on Trading View.
• Pop up on Trading view.
• Connect Blockchain Whispers Portfolio Feature + Telegram from site.

References -

3Commas

• Read more about 3Commas TV custom signals

Telegram Communities

• Bot House - t.me/BotHouse
• CMNisal - t.me/CMNisal
• Crypto Room Hourly - t.me/CryptoRoomHourly

Youtube

• CMNisal - https://www.youtube.com/cmnisal
• Sri Crypto - https://www.youtube.com/c/SriCrypto