Signal bot is an innovative creation of 3Commas platform that allows you to take your TradingView trading strategy into the next level!
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.
How to create a Signal bot?
1. Go to the Signal bot page
It's on the left-side menu:
2. Here you will see your active bots (if any) and the window to set up your Signal bot:
3. Choose the alert type
4. Copy the Webhook address (valid only for Signal bots)
Copy the webhook:
5. Open the TradingView page in another tab
Click on the Go to TradingView button or open it by yourself.
Prepare the pair you want to trade with and don't close the tab:
6. Create an alert
Choose the trading pair you want to set an alert for, apply all needed indicators and click on the Alert button:
7. Open the Notifications tab and paste the webhook
8. Back on 3Commas, click on I have set webhook URL
9. Set up general settings and click Next
a. Choose exchange;
b. Select the pairs (up to 200, you can change them later while editing the bot);
c. Choose the leverage type and its value (x3 by default); if the bot is multi-pair, the maximum leverage can only be the lowest maximum among the pairs. For example, if you choose BTC and BNB contracts on Binance Futures, you will be able to set the maximum leverage at x50 as per BNB contracts, not x125 if it is for BTC contracts.
d. Set the Max. initial margin - the amount of funds the bot can use (10 USDT by default, leverage is not applied in this field). You can choose to set the initial margin to count from Total balance in %, Available balance in % and in Quote currency:
e. Enter the bot's name. A unique and practical name is very useful if you have many bots.
10. Choose the signal type
Entry long or Entry short are the signals to start a Long or a Short position relatively.
Exit long and Exit short will become active after you configure the Entry signals.
Reverse positions style of trading will become available soon.
Let's configure the Entry long signal:
11. Configure the signal and click "Done"
a. Enter the order size. You can choose from the following options:
Total investment, % -you can choose what part of the Total Investment will be used in the Long signals
USDT - you can just enter the amount of QUOTE currency you want
TradingView, % - in this case, the size of the order in % of Total investment will be sent with the TradingView alert signal.
TradingView, quote - the size of the order in QUOTE currency will be sent with the TradingView alert signal.
b. Copy the JSON message - this message can change depending on the Order size type you chose from the previous step. You will need to paste it into the TradingView alert. Copy this message before proceeding.
c. Price deviation from the same order in past - if enabled, the bot won't process with a new signal if the current price does not deviate from the price of the previous executed signal.
d. Price deviation from average entry price - if enabled, the bot won't process with the new signal if the current price does not deviate from the average entry price.
12. Continue to create the alert on TradingView
Open the TradingView page again and paste the JSON message:
13. Make sure you pasted the webhook on the Notifications tab
14. Back on 3Commas, set up the Exit long signal if needed
The settings and the alert configurations are all the same as in the Entry long signal:
15. If the Short signal is set, you can enable the Reverse position tool
If you have Hedge mode enabled on your exchange account, with this Reverse position tool you can create Long and Short positions simultaneously! If the Hedge mode is disabled, reducing a position by a volume larger than the current position will open an opposite position.
16. Click next to set up the Stop loss if needed
If you don't need a Stop Loss, you can click on Create to proceed.
17. Adjust the Stop loss settings
You can enable the Trailing Stop loss feature if you want. After adjustments, click on the Done button:
18. Click Create if you are done with the settings
If you don't want your bot to start immediately, you can disable the toggle "Activate bot after creation":
19. The bot is created
You can open detailed information by clicking on the down arrow on the left side of the bot:
Review your bots.
Here is how the list of the created bots looks like:
You can filter them and display either Active or Stopped:
If the bot is stopped, you can enable it at any time:
Short explanations of some bot's parameters and columns:
Bot's ID ℹ️ icon reveals the bot ID and UUID:
This information is very useful if you will ever contact Support team with questions about your Signal bot.
Initial margin - the amount of funds that are used from the balance; leverage is not applied;
Profit - how much profit/loss was gained from the closed trades (PnL) + the uPnL from the active trades;
Amount of active trades - it's clickable; after clicking, it takes you to the Smart Trade page to the list of active trades;
Signals waiting for approval - The "Signals" word in the Status column tells that there are signals to be confirmed. By clicking on the orange Alarm icon ⏰ you will see the signals that wait for your decision - whether to Accept the signal or deny it ❌:
Status - it can be:
Waiting - the bot is waiting for signals; no active signals or trades at the moment;
Active - the signal/-s received, there are active trades;
Signals - the signal/-s received, waiting for your decision; the signals will wait for your approval ONLY if you enable the toggle to Receive the signal execution request via email (p.9.f above).
Menu - depending on the bot's Status (see previous bullet point), the menu items will defer:
Waiting - Edit bot, Stop bot.
Active - Edit bot, View SmartTrades (if there are any active SmartTrades), Alerts log, Stop bot.
Signals - Edit bot, Alerts log, Stop bot.
Stopped - Edit bot, Delete bot.
After clicking on the Alerts log or Alarm icon buttons, a new modal window with the List of signals will be opened:
What you can see here:
Time - when the signal was received.
Pairs - which pairs received the signal, if this is a multi-pair bot.
Signal - what type of the signal was received.
Created - the signal from TradingView is received and is being processed;
Completed - the signal is processed successfully and the SmartTrade was successfully created;
Rejected - the signal was declined by the system after the processing failure;
Declined - if you manually declined the received signal;
Received - if you received a signal that waits for your decision (approve or decline);
Executing - the signal is being processed;
Failed - the processing was interrupted for some reason and was not completed; the signal was not executed;
Expired - the signal wasn't executed after a certain period of time.
Action - if you chose to manually decide whether to approve or decline the signal, you will see the actions button here - Approve and Decline.