Gunbot TradingView Alerts Add-On Beginner’s Guide — CryptoDROI

Exploit the Gunbot TradingView Alerts Addon.

Learn How Your Bot Can Execute Your Trades from Received eMail Signals.

So what is the Gunbot TradingView Add-on?

The TradingView add-on is a Gunbot Feature that allows you to complete the trading alerts sent from your custom-made strategies from Tradingview to the bot. In addition, it allows you to manage your strategy at TradingView fully.

Here’s how it works: Gunbot receives a trading signal by e-mail and executes the trades for you appropriately.

In other words, it gives you the benefit of importing any TradingView strategy logic into Gunbot.

Note: You can use this feature to execute trades from other email signals you may have; the add-on is not restricted to TradingView only.

There is a tab on the GUI that you need to fill out with your chosen values, and there’s a full page on the Gunbot Wiki dedicated to how to set up your Gunbot TradingView Alerts Feature, but let me explain to you the basics of TradingView first, so you get an idea of how this extension works…

Fundamental TradingView Introduction

If you have invested in cryptocurrencies, you know that market conditions are of the utmost importance. As a trader, you should be aware of what is going on with different coins and what other traders are saying about the future.

Therefore, if you want to make sound trading decisions, it is best to consider technical analysis. It can help you stay one step ahead of others in the market. One credible analyzing app is TradingView.

If you are looking for a reliable market analyzing app, check out TradingView. This platform offers excellent charting tools that anyone can use.

Whether you are a beginner or not, it doesn’t matter. This platform makes it possible for you to know how the different types of crypto-currencies behave over time. Hence, you can predict their behavior in the future.

One of the main reasons this platform offers reliable forecasts is because it has a large community of experienced traders who are always ready to share their knowledge. Indeed, more than 3.3 million active traders are part of this platform.

Understanding TradingView

TradingView has many tools that if you don’t know their meaning, you become confused. Below is a breakdown of how to go about it.

• Tools on the left side
• Tools in the upper area
• Crypto Screener (Bottom Left)
• Tools on the right side
• Alerts
• Indicators

TradingView Left side tools

The left side of the app interface lets your creativity run wild. The most exciting things here for me are:

• Lines and arrows to draw trends and project more price movements. Recoil fiber and Fib Speed resistance fan.
• Both for predicting targets based on the support and resistance of the Fibonacci Index.
• The XABCD model and the various Elliot wave models get a more accurate picture of long-term movements (or study past movements) by applying them to the graph.

The long/short position will provide you with the risk/reward of the move you plan to trade. And the price range will help you measure movement in terms of bars/days and% price movement.

If you mark your favorite tools with a star, you can add them to an easily accessible toolbar, so you don’t have to search for them when you’re quickly saving.

You can find and use the left-side tools on the GUI too

Tools in the upper area

This area consists of adjusting the different parameters we use, choosing the markets, the modalities … the most interesting tools for me here:

Markets (always choose those with the most volume)

The timelines, my favorites, are 1D, 6Hr, and 2Hr in that order. Candle style, I use the most common (Japanese). However, Heikin Ashi is also an appealing option.

In the properties of the graph, you can adjust the colors and scales. I prefer the linear scale, but for parabolic movements, journaling is the way to go (oh, bitcoin parabolic memories)

The scale icon is for a single comparison of graphics. Quite useful for finding correlations between currencies or for checking certain currencies in the same market area.

Also, from there, you can add all the indicators (I will reveal them all in the following points)

Tradingview top bar is also integrated on the Gunbot GUI

Crypto Screener

We can find it at the bottom left. Clicking on it will open the whole screen to follow all the pieces and their movements according to various parameters.

In the Overview tab, you can see price changes and an overall rating on trade recommendations. For me, this is nothing of interest.

The Yield tab, as the name suggests, will show you the change in the price of the coin per day /week/month/year. This is great for tracking or statistical purposes but not really useful for trading.

Oscillators tab, here we talk about it. Here you will find an overall score based on the performance of the oscillators, which is interesting for a first approach. Then you can go deeper into checking the levels of each parameter.

You will find some predefined indicators, but you can add your favorites by clicking on the last column (3 points). My favorites here are MACD, RSI, PSAR, EMA, and Ichimoku (I change settings based on currency and trade settings)

In the Trend Tracking tab, you can detect the same workflow as above. However, my main indicators are the default ones (all SMA ranges) and the Bollinger bands.

So you have more pivot point settings, but I’m not using any. I prefer to set them manually on the chart.

At the top of the Screener tool, you can choose your favorite tabs, save your settings. Then, choose your period and set alerts for your choices. And on the right side, you can apply filters directly like Top Gainers, Outperformers, Oversold … etc.

Here’s a shot of the crypto screener:

Tools on the right side

These tools are designed for rapid social tracking of parts. What I use from here:

Watchlist: Here, you can add the currencies you track daily to get quick information on price changes and also access charts without entering them in the box.

Alerts: Here, you will find the alerts you set for your parts. I am using the alerts by right-clicking on the graph (Add alert). You can add alerts not only to price movements but also to all indicators, crossovers, etc.

It also allows you to configure expiration dates and how to notify you. Interesting tool if used in moderation to maintain sanity.

The rest of the tools are not intended for the cryptocurrency market like the events tab. Or they’re related to social media, project managers, notifications, your business ideas, etc.

The last one is trading, but I don’t trade with any of the APIs, so I don’t use either.

TradingView Indicators

Current indicators that I found interesting:

Volume: It seems obvious, but it is really relevant to follow it to keep up with the price movement.

Moving Averages: I’ve tried a few, but personally, my favorites are the MA50 and MA100. They work well enough to detect trends noiselessly. They could also, on occasion, serve as support or resistance. Sometimes I also use exponentials, especially EMA50 and EMA200.

Stochastic RSI: This is a useful indicator for following trend movements, detecting oversold and overbought areas. During a downtrend, it tends to be low in my experience.

MACD (standard parameter CM_Ult_MACD_MTF) As you can see this script here, crosses between MAs reveal potential reversals. This one, in particular, is quite graphic. Therefore, I changed the colors and removed some noise to make it simpler.

WT Oscillator (by LazyBear): I haven’t used it too much lately because it looks weak during the downtrend. But during the build/bull, it works pretty well. Combined with RSI, it will provide strong signals.

TD Sequential (by glaz): Only works well with large caps like BTC or ETH. Useful for detecting the scene of the current wave. I use it because all information is always welcome, but not one of my favorites.

Ultimate Oscillator (UO): I started checking it recently, so I don’t have enough time to determine its usefulness. Works well at the moment to determine thrust potential.

Bollinger Bands: They are weak during sideways trends. But they work well enough to establish channels for price movements. In addition, the handles would signal movement along the way.

Ichimoku Cloud: This indicator script consists of adapting the configuration to a 24/7 market like crypto. Ichimoku is useful for spotting trends and finding areas of the price action (support/resistance).

SMA (6 and 18): for short-term trades, price movements. I haven’t been using them lately, but I also mention them because they have been useful to me sometimes.

I consider it necessary to update the results and test new indicators from time to time. If we stick to some of them, we might miss a lot of opportunities.

So I don’t use them all the time because sometimes we have to think from a time-efficient perspective. But it’s a good exercise to check the results on a spreadsheet or paper.

Look for a new indicator (for you), learn it, and apply the signals on paper; wait and see if it was played well or not. Write down the results. Repeat. Conclude your performance.

As always, I recommend applying the indicators in different time frames. Be the key for me 2H, 6H, and 1; the greater the confluence between the time periods, the stronger the signal.

TradingView Features

Below are five useful TradingView features that you can use to make your charts more enjoyable.

Magnet mode

Activating magnet mode will move the cursor to Open/Up/Down/Close nearby candles. This tool is handy when:

Draw the Fibonacci retracement/extension levels and want to get the exact wick or body
Anchoring of a horizontal support/level of resistance to a specific O/H/L/C
Polish trend lines that have perfect touches

Visibility by period

Many traders draw many lines. A chart can get quite messy if it has many lines from several different time periods. Typically, traders don’t want low-timeline designs cluttering their chart when doing their longer-term analysis.

Fortunately, TradingView allows you to adjust the visibility of all your drawing tools so that they are only visible in the time periods.

Using this feature, double tap on your drawing, then hit visibility…

And follow these 4 simple steps:

1. Within 1W time: only 1W lines are visible
2. In 1D time: 1D and 1W lines visible
3. Within 1H / 4H: all lines are visible
4. Adjust it to suit your own style and preferences, of course.

Toolbar of favorite drawings

TradingView allows you to have all of your favorite drawing tools in one toolbar for easy access. This process consists of two steps.

Mark your favorite drawing tools by clicking on the star icon next to them
Activate the toolbar

Unique graphic designs

There are several reasons to save different designs and gauges in the same pair and/or have a single set of gauges preloaded in a layout. TradingView allows you to do this through its chart design system.

For example, You could save trendline and horizontal line analysis for Bitfinex: BTC/USD in one layout and save my Ichimoku Cloud and EMA analysis for Bitfinex: BTC/USD in another bet on the page.

In other words, you don’t have to erase one graph at a time to see it from another perspective. The options: “rename, copy, and download” you can find graphic designs in the upper right corner of your screen.

Note: You will need to purchase a paid TradingView subscription to use this feature, as the free version only allows you to save one chart layout.

Sharing HD images

If you can’t share your charts with the world, how are you supposed to get 10,000 Twitter followers, buy 10,000 more, get direct calls in a bull market, start a private Discord group, earn multiple BTCs per month, and retire at an early age?

I have seen too many smartphone camera images from TradingView charts. Fortunately, this is not necessary.

Once you’ve finished your masterpiece, use the ALT + S shortcut or click on the camera icon in the lower right corner of your screen. From there, you can share the link directly or save the image and upload it in excellent quality to your favorite social media platform.

Gunbot TradingView Alerts

TradingView is a great charting tool for all traders, along with the ability to use hundreds of free pine indicators and scripts make it even better.

In addition, using the bot in combination with the TradingView platform allows you to automate your crypto trading even more.

How can you use the Gunbot TradingView Add-on?

First of all, let me tell you that you will need the Gunbot Ultimate Edition Package to run it, or you can buy the upgrade right here from CryptoDROI Gunbot Store.

After that you need 2 more things:

1. The IMAP data of the email address you receive the alerts.
2. A Paid subscription at TradingView.

Read the instructions on how to set up your IMAP Listener on the wiki here.

Gunbot TradingView Alert Settings

To run Gunbot with the TradingView add-on, the following are the only relevant settings. Normal Gunbot strategy and pair settings are not relevant and not used unless TV_GB is enabled.

You can set it to “ true” on your config.js file in the “ bot “ section “TV_GB”: false, or toggle it to “on” in the GUI, go to TradingView Alerts, then Alert execution.

Here’s How to Get to the Gunbot TradingView Alerts Execution on the GUI

Trading limits for buy orders are set in the configuration settings, and optionally you can override these by specifying the trading limit in the alert message contents.

Orders placed by the TradingView add-on are placed by default as market orders to ensure they will get filled. Optionally, you can let it send limit orders as well.

The rest is pretty much self-explanatory; alternatively, you can use the tooltips on the GUI and fill the values according to your rules and trading preferences.

Gunbot TradingView Free Deluxe Tuners

If you got the TV addon, I could safely assume you already have the Backtesting module, but in case you haven’t, here’s how to test the free version of the deluxe tuners.

Gunbot Deluxe Tuners is a pine script created by allanster. This script combines all of the other Gunbot tuners into a complete all-in-one simulation of Gunbot with the ability to mix and match buy and sell strategies of any combination.

This companion indicator can be used alongside Gunbot Tuners as a visual aid while optimizing your Gunbot settings.

You can adjust the settings within it while watching optimal levels. Once satisfied, transfer those settings into your Gunbot Tuner script for backtesting.

This script does not require access from allanster; all you got to do is open the “Indicators tab” on the TradingView top bar and search for “Companion,” then add it to your chart.

What can you do with the Gunbot TradingView Addon?

• Buy and Sell based on your email alerts.
• Allow Gunbot to average your profits, cut your losses, trailing, or anything you tell it to do.
• Set trading alerts only to be active when you’re profitable.
• And much more…

Gunbot is the most advanced crypto trading bot on the market, and the TradingView add-on is one of the best ways to maximize your profit.

If you’re already a Gunbotter, this is a must-have add-on. You’ll be able to set up email alerts based on indicators and strategies that you follow.

The Gunbot Tradingview addon is a useful tool for traders interested in using the power and tools from both Gunbot and Tradingview.

Automate your trading strategies with Gunbot’s advanced trading algorithms and use our TradingView integration to profit from real-time buy and sell signals directly in your bot!

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Originally published at https://cryptodroi.com on June 23, 2021.