In the world of finance, automation of the trading process on the markets is gaining more and more popularity. Here they are, two powerful tools that bring you closer to such a strategy – TradingView and RevenueBot. In this article, we address how exactly these platforms can cooperate to achieve this goal.
What is TradingView, anyway?
TradingView is by far one of the most recommended platforms, designed for analyzing financial markets. It empowers users with a broad spectrum of technical analysis tools, charts and indicators. What’s more, TradingView allows you to come up with your own trading strategies and test them right away using the built-in Pine Script programming language.
And what is RevenueBot?
RevenueBot is a cloud-based service for automated cryptocurrency trading. It allows users to create and customize trading bots that will auto-complete trades as soon as they specify their desired strategies. In fact, RevenueBot is compatible with a multitude of crypto exchanges, boasting a user-friendly UI for bot management.
So what do you mean by this ‘synergy’ between TradingView and RevenueBot?
When these two are used in conjunction with each other, they form an entire powerhouse. Here’s how it works:
- Building a strategy: First, you design a trading strategy on TradingView via Pine Script. This may include a variety of indicators, signals, and conditions for entering or exiting trades. We have tons of these, all available for free;
- Testing a strategy: Once a strategy has been deleloped, you can put it to the test on historical data to see how effective your strategy is. TradingView delivers backtesting tools to evaluate a strategy’s performance;
- Integration with RevenueBot: As soon as your strategy is up and running, you can link it to RevenueBot. This ensures that the bot auto-completes transactions based on the signals generated by TradingView strategy provided. The abovementioned TradingView signals and strategies can be activated individually;
- Monitoring and optimizing a strategy: Following the bot launch, you can keep track of its performance through the RevenueBot UI as well as make any strategy adjustments.
What are the benefits?
- Total automation: A trading workflow that is fully computer-aided is a way to save time and cost, while also avoiding unwise decisions.
- High accuracy: Applying technical analysis and automatic signals enhances the accuracy of all operations.
- Versatility: Being able to craft your own strategy gives traders greater choice in how they approach trading.
Conclusion
TradingView and RevenueBot are enormously effective tools designed to level up the trading process dramatically. Using them jointly allows for technologizing your strategies and achieving better results as a market player. Never seen this synergy before? Go try it!