Part 1: Introducing Signal Bot - A TradingView User's Most Powerful Tool in 2024

Introducing the Latest Addition to Our Roadmap: Revolutionizing Crypto Trading with Signal-Based Bots in 2024

In the ever-evolving landscape of cryptocurrency trading, traders are constantly seeking efficient solutions to stay ahead of the game. We at 3Commas understand these challenges, and we’re excited to unveil our latest innovation—an advanced signal-based bot that promises to redefine how crypto traders operate in today's markets.

Solving Crypto Trading Challenges for TradingView Users with 3Commas

We Lead the Way in Crypto Trading

At 3Commas, we take pride in being the largest crypto trading software in the world. Today, we are thrilled to introduce an upcoming game-changing addition to our software - the Signal Bot designed for TradingView users. We're the first to offer this cutting-edge solution, designed for users who want to seamlessly deliver their TradingView indicators and strategies to cryptocurrency exchanges.

Expanded Integration for More Opportunities

As of today, only a select few exchanges offer the possibility to utilize TradingView signals. However, with 3Commas' Signal Bot, users will have the remarkable capability to utilize this feature across multiple exchanges for futures trading, all from a single, user-friendly 3Commas interface. Users will have the possibility to trade on Binance, OKX, Bybit, Bitget, and Gate.io with ease, making it more convenient than ever to manage and grow your crypto portfolio.

User Participation in Strategies

Our Signal Bot takes trading to a whole new level by allowing users not only to utilize TradingView indicators and strategies but also to actively participate in the strategies they choose or create. Users can manually confirm and launch the bot via email once a signal is received, putting them in control and ensuring that their trading aligns perfectly with their vision.

Unleash the Power of Flexibility

While 3Commas' current products can work with webhooks, the new Signal Bot goes a step further. It receives alerts from TradingView and opens positions, offering users the ability to manage these positions by increasing or decreasing them as needed. This flexibility is unmatched in the crypto trading world. With Signal Bot, trading possibilities are limitless. Traders are not confined to GRID or DCA bot strategies. Your skills are the only limit to your potential success. Whether you're a seasoned trader or just starting, this new addition empowers you to implement the trading strategies you envision.

Signal Bot Key Concepts

Alert

A signal in the user's TradingView account that sends messages from a user-selected chart with a user-defined timeframe based on user-selected conditions or events.

Alert condition

A 'condition' is an event that occurs on the source side and is set by the user as a trigger for the alert. An alert can have multiple conditions with different events, each aimed at triggering different actions by the bot.

Webhook url

The link that the user needs to copy from 3Commas and add to the settings of the created alert.

JSON message

The text transmitted from TradingView to 3Commas which contains the necessary parameters for the bot to perform actions.

Smart Trade

Smart Trades can also be managed by Signal Bot.

Signal Sources

TV chart

A chart directly in the TradingView user interface, not the 3Commas interface.

A TradingView chart can be a signal source, with triggers being events related to price changes. To use this, the trader doesn't need to add an indicator. It's enough to select the chart for the pair of interest and set the timeframe. In the alert menu, a list of triggers for sending signals will be available.

Indicator

A TradingView indicator of the Study class. Users can create it themselves or choose from the TradingView indicator catalog. By adding an indicator to the chart, it can be selected as a condition for a signal in the alert settings. The indicator may have default trigger options or custom ones added by the user in the code through 'alertcondition' inputs.

Differences from indicators of the Strategy class

Indicators of the 'Study' class do not have a strategy settings menu and cannot be used for native backtesting in TradingView Strategy Tester. 'Study' class indicators cannot calculate order size based on previous actions.

Strategy

A TradingView indicator of the 'Strategy' class. Users can create it themselves or choose from the TradingView indicator catalog. By adding an indicator to the chart, it can be selected as a condition for a signal in the alert settings. The indicator may have default trigger options or custom ones added by the user in the code through 'Strategy events' inputs.

Differences from indicators of the 'Study' class

Indicators of the 'Strategy' class have a strategy parameters menu, can be backtested in the native TradingView Strategy Tester, and are capable of performing calculations to determine order size based on previous actions according to parameters defined in the strategy.

Signal Bot Mobile Interface - Simplicity, Usability, and Readability

For Signal Bot, 3Commas incorporated years of feedback about what users liked and disliked about our user interface, particularly in our mobile app. We're striving to make it easy to use and easy to read, ensuring that our mobile traders can make quick decisions and take quicker actions to activate their Signal Bots when opportunities in the market present themselves.

Choose a strategy

Once you've chosen to go Long, Short, or even trade Futures, seek out the appropriate TradingView signals to match your goals.

General settings

Here you can quickly select the exchange you want to trade on, which pairs you want to trade, max position, leverage, and initial margin.

Reversal

Signal Bot can bot can reverse your signal, which previously had to be done manually. Initiate hedge mode by setting simultaneous Long and Short positions.

Signal filters

Unique to 3Commas, you can filter signals based on the needed change in price (changing deviation and average entry price deviation). With this filter you can mitigate some risk and be sure your signal adheres to your strategy by only working for the price conditions you set.

Bot dashboard

With 3Commas, you can create complex, smart strategies in TradingView, and then scale them up immediately with a few clicks using 3Commas multi-pair bots that monitor many different coin markets to execute the deals most closely matching your strategy conditions.

Choose when your Signal Bot starts

With Signal Bot you get control. When the time is right, your bot will ask you to confirm the signal via email to start the bot, and you can also launch it from your 3Commas dashboard.

Unlock New Opportunities with 3Commas

With the introduction of our signal-based bot, 3Commas continues to lead the crypto trading industry, offering unprecedented flexibility, integration, and user participation. We aim to simplify the trading process, reduce stress, and enhance success for traders of all levels of experience.

So, if you've ever struggled with executing trades based on TradingView signals, managing multiple exchange accounts, or wanted to be more actively involved in your trading strategies, look no further. 3Commas is here to provide you with a reliable, automated solution that empowers you to make the most of the dynamic world of cryptocurrency trading.

Expanding Possibilities for the Future

But that's not all. At 3Commas, we're committed to continuous innovation. In the near future, we're planning to introduce even more exciting features. Soon, users will not only be able to copy the strategies of TradingView traders but also effortlessly replicate pre-defined Signal Bot presets directly from the 3Commas interface. Imagine having access to a library of proven trading strategies at your fingertips.

We're also working on expanding our trading offerings. In the pipeline, you can expect the ability to trade on the spot market and access a broader range of exchanges. This means even more trading opportunities and flexibility for you.

Join the discussion

Let us know what you think of Signal Bot and tell us what you think of Signal Bot in our official 3Commas Telegram group.

Stay connected with 3Commas, and you'll be the first to know when these exciting developments go live. The future of crypto trading is here, and it's only getting brighter.