“Automation is cost-cutting by tightening the corners and not cutting them.” – Haresh Sippy

In the fast-paced world of trading, speed and precision are everything. Imagine having a tool that executes trades for you, even while you sleep. That’s exactly what a trading bot can do—no emotions, no hesitation, just pure execution based on your strategy.

So, why aren’t more traders building bots? The short answer: complexity. But the truth is, creating a trading bot on TradingView doesn’t have to be intimidating. In fact, with the right steps, it’s simpler than you think.

Here’s your step-by-step guide to building a trading bot on TradingView using Tickerly.net. Let’s dive right in.

1. Create a Strategy on TradingView

It all starts with your strategy. This could be anything from a moving average crossover to an RSI-based system. The important part? It’s yours. Begin by heading to TradingView and coding your strategy in Pine Script. Don’t worry—it’s less complex than it sounds. Pine Script is a relatively easy language to pick up, especially if you’ve dabbled in any coding before.

Once you have your strategy ready, run it on historical data to see how it performs. Pay attention to the win/loss ratio, and make sure it aligns with your goals. No strategy is perfect, but it should be consistently profitable.

2. Backtest, Backtest, Backtest

Backtesting is your best friend when it comes to automated trading. TradingView allows you to backtest your strategy with historical data, giving you insights into how your bot would perform in real-world conditions.

Refine and tweak your strategy based on these results. Are there specific market conditions where it doesn’t perform well? If so, consider adding filters or adjusting your parameters.

3. Connect with Tickerly.net for Automation

Now that you have a solid strategy, it’s time to automate. This is where Tickerly.net comes into play. Tickerly acts as the middleman between your TradingView strategy and your brokerage account.

Start by signing up for a Tickerly.net account and linking it to your TradingView account. Once connected, Tickerly will send signals from TradingView directly to your brokerage account, executing trades based on your strategy.

4. Set Up Alerts

On TradingView, you’ll need to set up alerts for your bot to know when to enter and exit trades. Go to the alert section, and define the conditions for buy and sell signals based on your strategy.

Make sure to set these alerts in real-time. This ensures your bot reacts as soon as your strategy criteria are met, without any lag. Alerts can be sent through Tickerly.net to your broker for seamless execution.

5. Monitor and Optimize

Even the best trading bots need maintenance. After you’ve set everything up, keep an eye on how your bot performs. Markets evolve, and so should your strategy. Check your bot’s performance weekly, and make any necessary tweaks to ensure it stays profitable.

Final Thoughts

Building a step-by-step trading bot on TradingView is no longer a task reserved for developers and tech-savvy traders. With the right tools—like TradingView and Tickerly.net—automating your trades becomes a straightforward process. Set it up, optimize, and watch your bot trade with precision and speed.

It’s time to put your strategy to work. Happy trading!