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Author Topic: I build my own TradingView bot - what are the best TradingView indicators?  (Read 144 times)
bbb2b (OP)
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December 12, 2019, 09:14:09 PM
Last edit: December 22, 2019, 12:23:26 PM by bbb2b
 #1

Basically, it is pretty simple if you have a basic trading knowledge and a TradingView account. I'm currently playing a strategy based in the money flow index and it is working. I'm profitable. Perhaps because I just eliminate my emotions when a machine is doing the job for me.

I was inspired by this:
https://youtu.be/dI1uOYAjq3A

Perhaps here are some good traders.. What do you think could work to make a TradingView bot even more successful? Or do you know good indicators for a automated strategy?
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December 22, 2019, 12:21:27 PM
 #2

So far my experience are quite good. My account is up ~15%

Do you guys have a list of the best indicators on tradingview? Paid or free that doesn't matter...
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December 22, 2019, 10:03:26 PM
 #3

Personally i use the common indicators, and they are doing quite well for me. Not sure whether it's because i do Margin trading and not spot trading.
My most commonly used indicators are Bollinger bands, RSI and MACD.

I usually just aim for only a 1% price change per day on a 30% leverage (when the market is less volatile like right now) and i have made quite some returns thou there were a couple of times when i hit losses (Due to emotions!) but overall, am happy.

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December 22, 2019, 10:53:50 PM
 #4

All indicators and trading strategies are almost all working but it depends on the market movement and condition.

If you don't know yet what are those indicators better check them from here https://gekko.wizb.it/docs/strategies/gekko_indicators.html
Gekko is a free automated trading bot and they have free gekko indicators included on their documentation so I share that link so that you can see how actually they work. They also include the explanation for each indicator just click the "More info on investopedia."

The indicators mention above bollinger bands and MACD are only good for binary options base on what I understand how their patter work.

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December 23, 2019, 02:50:46 AM
 #5

I've found a lot of people use EMA, MA or MACD-like indicators (MACD's derived from EMAs) when trading with bots and I also adopt a similar strategy with how I run my bot (Gunbot in my situation). I'm not a big fan of using more obscure or lots of indicators simultaneously, either; I keep my strategies relatively simple and thus easy to rapidly change for when market conditions change or when I need to make tweaks on the fly.

Some people also like to use RSI, though I find it can be unreliable because RSI can remain oversold or overbought for extended periods of time in strong up or downtrends, both of which are very common with cryptocurrencies.
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December 23, 2019, 11:11:34 AM
 #6

I'm not a bot user, I prefer to trade manually, I use several indicators that I think are pretty good, these are my favorite indicators, zigzag and supertrend, You can try it, but these indicators must be combined with other indicators, because this is only an indicator to detect the beginning of a trend.
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