💡How to Automate Your Trades with TradingView Alerts on Formion 📈🔔

Automating your trades on Formion using TradingView alerts is a seamless and powerful way to execute your trading strategies without manual intervention. Follow these steps to set up and start automating your trades efficiently.

Step-by-Step Guide

1. Access the TradingView Bot Page on Formion 🌐

Navigate to the TradingView bot page on Formion to set up your bot:

Login to your Formion account.
Go to the TradingView Bot section (twbot.php).

2. Create a New TradingView Bot 🤖

Click on the Create TradingView Bot button to set up a new bot:

Symbol: Enter the trading pair symbol (e.g., BTCUSDT, LINKUSDT).
Exchange: Select your preferred exchange (e.g., Binance, Bybit).
Trading Type:
- Choose between SPOT and USD-M.
- Bybit Users:
  - USD-M refers to Futures trading on the Unified Trading Account (UTA).
  - SPOT refers to spot trading on the UTA.
Position: Select BUY for long positions or SELL for short positions.
Leverage: Set your leverage if you choose USD-M.
Investment Amount: Enter the amount you want to invest per trade.

After filling in the details, click on the Create Bot button. Formion will automatically generate the necessary UUIDs for opening and closing positions.

3. Configure the Webhook URL on TradingView 🔗

To automate your trades, you'll need to configure alerts on TradingView using Formion's webhook URL.

Open TradingView:
- Go to TradingView.
Set Up Alerts:
- Click on the Alert icon or right-click on your chart and select Add Alert.
- Choose the condition based on your strategy (e.g., Crossing, Moving Up).
- On message field put {{strategy.order.alert_message}}
Webhook URL:
- In the alert creation menu, find the Webhook URL field.
- Enter the Formion webhook URL: https://formion.ai/webhookformion.php.

4. Use Generated UUIDs in Alerts 🔑

Each bot has unique UUIDs for opening and closing trades, generated when the bot is created. Follow these steps to use them:

Find UUIDs:
- In the twbot.php page, locate your newly created bot.
- Note down the Open UUID and Close UUID for the bot.
Set Up Alerts on TradingView:
- Open/Close Long/Short Alerts:
  - In the alert message, include the Open UUID.
  - Example: {"Open Long Command": "YOUR_OPEN_UUID"}.
  - In the alert message, include the Close UUID.
  - Example: {"Close Long Command": "YOUR_CLOSE_UUID"}.
  The same is with Short commands ( Both Open Short and Close Short UUID fields are required!)

5. Activate and Test Your Bot ⚙️

Activate Bot:
- Ensure your bot is set to Active on the twbot.php page.
Test Your Alerts:
- Trigger alerts on TradingView to test if the bot executes trades as expected.

6. Repeat for Short Positions 📉

To automate short positions, create a separate bot for short trades:

Repeat Steps 2-5: Create a new bot with SELL as the position, and set up corresponding alerts with the new UUIDs for short positions.

Emoji Recap 📌

🌐 Access the TradingView Bot Page
🤖 Create a New TradingView Bot
🔗 Configure the Webhook URL on TradingView
🔑 Use Generated UUIDs in Alerts
⚙️ Activate and Test Your Bot
📉 Repeat for Short Positions

By following these steps, you'll be able to automate your trades seamlessly using Formion and TradingView alerts. Happy trading! 🚀 Here is some images how it works.