In this article, we explain what TradingView is and what the differences and similarities are with using the regular bot.
What is TradingView
TradingView is a charting platform. With the TradingView app, you can send signals to your bot through TradingView Alerts by using WebHooks. The TradingView Alerts work with Explorer, Adventurer, and Hero bot subscriptions. So you need a paid subscription with Cryptohopper and a paid TradingView account.
What can I add to my TradingView Alert?
There are some options you can add in your TradingView Alerts.
Order type. You can choose between a limit or a market order.
Action. Buy, sell or both. If you want to use both you can add {{strategy.order.action}} in your TradingView Alert.
Coin. You can add which coin you want your bot to buy. Remember you only need to add the coin you want to buy and not the quote currency. The quote currency is used from your baseconfig.
Take profit. This is not an option in the “Alert generator". You can add “Take profit” in text under “Example Alert".
Differences with the regular bot
Trades opened by TradingView Alerts don’t follow all the settings of the Baseconfig. This is intended behavior. Base config settings that won’t be followed are:
When using Tradingview Alerts your bot won’t open Trailing Stop-Buy, Dollar Cost Averaging, and Shorts orders. When using TradingView Alerts, you’re not limited to the currencies selected in your Baseconfig.
Similarities with the regular bot
Features of the Baseconfig that are taken into account:
Dollar Cost Averaging Do keep in mind that this is a regular buy order.
Number of total open positions Cryptohopper will check the total number of open positions your subscription allows:
Pioneer: Unavailable
Explorer: 80 open positions
Adventurer: 200 open positions
Hero: 500 open positions