Automate the indicators for FREE!

Automate the indicators for FREE!

In this tutorial, we will see how to create a bot and automate a strategy for free using webhooks.

For the sake of the tutorial, I will use a simple buy & sell strategy created with the Cyato H.A. Swing indicator. We will trade Bitcoin in the 8H timeframe.

bitcoin chart

3commas.exchange

3commas.exchange is the platform that allows us to create free bots. They are using the Binance broker program.

Once you created your account, go to the bots page. More info about creating an account here.

3commas bot page

Note: it is recommand to use paper trading for your first steps.

Creating the long bot

Click on + Create bot. Make sure to select the Advanced tab. We will create a simple bot type on the USDT-BTC pair. We want our bot to automatically buy and sell BTC with USDT.

3commas bot page

Now the strategy will be to Long BTC. We use "Base" Profit Currency since we want to see the results compared to our USDT equity. This is also where you choose the Base order size used by the bot. Here I used 50$ for the example, meaning the bot will buy & sell 50$ of BTC on each trade. I set the safety order size to 10$ but we aren't going to use this feature. Finally we use limit as Start order type to get a better entry price.

3commas bot page

We do not want to use a take profit. Simply because our strategy will tell the bot when to sell. Since we cannot turn off this feature, let's write a huge value.

3commas bot page

Stop loss is turned off by default, let it be. We aren't using the safety orders feature either, so leave it to 0.

3commas bot page

This is all there was to configure for our strategy. We can now click on create bot. Don't forget to start your bot!

3commas bot page

Creating the alerts

Buy alert

In your bot informations page, copy the message for deal start signal.

3commas bot page

Now go back to TradingView. Create a new BUY alert. Make sure to use Once per bar close. Paste the message at the bottom and finally, in the webhook url, paste this url: https://3c.exchange/trade_signal/trading_view

TradingView buy alert

When all is good, create the alert. It should appear in the alert manager. A green circle means it is running.

TradingView buy alert

Sell alert

The process is the same as for the BUY alert, although this time the alert message is the Message to close order at Market Price, and we select the SELL alert.

3commas bot page

This is all there is to know to create a bot that buy & sell. If you have any questions, feel free to leave a comment.

3commas.exchange is a free version of 3commas.io, which includes more features like margin trading and allows to connect your bots to several exchanges.

Written by Cyato -

Anonymous user 2020-06-16

How do you get the bot to work with your indicators?

Anonymous user 2020-05-10

Thank you for your comment!
Yes you need to create a long bot and a short bot. If you leave the take profit and stoploss to 3commas, you will only need 2 alerts: long entry and long exit.

Anonymous user 2020-04-26

Useful article! Most of your strategies support both long and short trades. However, it seems that when you create a 3commas tradingbot you either create it as LONG or SHORT. Does that then mean we need to create x2 bots + create x4 TVIEW alerts?

Recent Articles