If you are a broker, trader, or stock market investor, there is no doubt you have heard of the TradingView platform, and also for the process called TradingView automated trading.
Simply put, TradingView uses its own developed tool, called TradingView bots in the automated trading process of trying out different trading scenarios from the stock market. The main goal is to help users create a better and more successful trading strategy over time.
TradingView is a specially developed platform that allows traders to try all these strategies directly on the stock exchange. That way, their trading career should be safer and much more cost effective.
What Exactly Is TradingView?
TradingView is a world-renowned online platform that analyzes in detail the individuals and companies that trade through the stock exchange. TradingView is a safe online place through which it is possible to monitor and analyze global markets for oil, cryptocurrencies, gold, etc.
The best thing about TradingView is that it is constantly being improved while striving to make trading easier for its users.
The up-to-date platform presents analyses and financial statistics of trade of many individuals and companies. It does this by using up-to-date statistical charts, as a form of constantly active and accurate financial statements.
To provide users with successful trading outcomes, TradingView can be used through many helpful tools such as WunderTrading TradingView signals, executed through their TradingView strategy bot and TradingView alert bot.
What Does That Mean?
With WunderTrading, it is possible to create your own unique TradingView strategy bot which is then automated directly on the TradingView platform.
Your TradingView bot will do the hard work for you, which means it will make sure that you have as few wrong turns as possible during trading and thus save you time and money.
How Does Bot Trading Work?
So, how does bot trading work? The TradingView platform is built using a programming language called PineScript. Thanks to PineScript, traders who use TradingView can choose the trading criteria that suit them and create their specific TradingView scripts.
Once the strategy is developed, it can be tested directly in the trading process. On short notice, the TradingView platform will show you the results and feedback of your backtesting. That way, traders and investors can constantly improve their trade scripts and strategies to achieve better results as quickly as possible.
The best thing is the possibility to hone trading strategies in as much detail as needed.
TradingView Alerts
The strategy you have created can be automated using WunderTrading. Specifically, the Trading View bot sends a signal to WunderTrading, which initiates the creation of a strategy account and which is then sent to the stock exchange.
After launching its strategy on the stock exchange, the trader can turn on TradingView Alerts which will signal to them via a chart when all the pre-set criteria are met.
The process of using automated trading bots is relatively simple. You must first register an account with TradingView and link it to your API account. After that, you create a TradingView bot and set the criteria. Then you need to follow the steps to synchronize the operation of the TradingView bot and TradingView alerts, in order to render crypto best bots TradingView signals.
When you harmonize all that, the rest of the process mostly depends on pre-set criteria.
Summary
While it sometimes seems like automating TradingView is reserved for experienced stock traders, it’s actually a great choice for beginners. Trading Bot and TradingAlerts are great tools for testing various scenarios and strategies and an easy way to learn stock trading. Often a lot depends on what kind of goods you trade with and what criteria you have selected.
A bonus is that the TradingView platform is safe, and all presented charts are updated in real time. This way, you will find yourself on safe ground from the very beginning of your trading on the stock exchange.
