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Building a simple Trading Bot using Python, TradingView and CoinDCX APIs
Below is all you need to kickstart with your own trading bot. We will build the bot using Python, TradingView for signals , and CoinDCX(an Indian crypto exchange) to place orders.
The functionality of our trading app can be summarized as follows:-
- The application will get alerts from TradingView regarding the signal(s) of your choice of strategy. For example MA, EMA, MACD, Supertrend etc. These alerts will mention whether the Indictor is positive for a buy or a sell. This logic we’ll handle at the TradingView end.
- The app will simply store the signals and based on what combination of criteria (if ema says buy and supertrend is also buy, let's BUY), we’ll place an order from the application using CoinDCX APIs.
- The same applies while closing the order, we’ll get signals from the TradingView platform, and based on the indicators, we will close the trade.
We’ll be breaking down this into the following parts:-
- Overview
- TradingView indicator and alerts
- Bot/Application coding with CoinDCX APIs, deployed on PythonAnywhere to keep it running 24x7.
1 . Overview :
Consider the following chart, we are gonna use just Supertrend strategy for the simplicity of the tutorial. MATIC/USDT Binance, since CoinDCX uses binance as the source, we are gonna look at the binance chart. You may use another exchange instead of CoinDCX and look at their chart respectively.
Now, according to Supertrend , when the buy signal is generated ( at the green candle close ~1.13275), we will trigger an alert for our app and let it know that uptrend has started , it’s time to buy some MATIC/USDT . And when this buy becomes sell / downtrend(at the close of the candle ~1.157), or when the stoploss hits (having a stoploss is very important as part of managing your risks of trades , you can set that value in your app) , we sell . That simple .
