Introduction

Introduction

This is going to be a short introduction on how our mindset works behind the automation of CMR. There are diffrent ways to automate and use the CMR strategy in your trading. There are pros and cons to each. The general idea though stays the same: Minimize risk and maximize profits. Ususally hhigher rewards come with higher risks.

What we are trying to achieve here is to find the runners and ride the wave for as long as possible, while keeping the false signals to a minimum.

What you need

• Tradingview account

Premium is ideal. You get 400 Alerts and Second-based alerts. You can probably start of with Pro+, but we recommend the premium version.

How to get Tradingview Premium cheap: Pay for one month premium, they will then offer you the year for a great discount if you perchase it within those 30 days.

• 3commas

If you want it real cheap you can make yourself 2 diffrent accounts with 2 diffrent email adresses. The free account lets you setup 1 Multibot. We use 1 Long-multibot and 1 Short-multibot

• Tradingview Assistant Chrome addon

Tradingvie Assistant is optional, but if you want to do your own batch backtesting then its a great tool to have. We go into how we use “Tradingview Assistant” latter on.

• Binance Futures Trading Account

We use Binance because it works the best. you can use other exchanges as well. So far we have Binance and Bybit confirued in the script. We can update this if needed. The biggest advantage with Binance is that we can use a Multibot witch cuts down on the amount of setup work considerably.

Tradingview Setup

See how to setup Tradingview here.

3commas setup

See how to setup 3commas here.

Interaction between Tradingview and 3commas

The interaction between tradingview and 3commas can be challenging. This following diagram should help you understand how the two work together.

 

Backtesting

You will find that in the “Settings” of the strategy there is a “LIVE” and a “Backtesting” setting. You will see that the results in tradingview are completlly diffrent and that the LIVE setting will give misrable results compared to the Backtesting setting.

“The ‘Backtesting’ results and the ‘LIVE’ results on tradingview are totally diffrent and this is CORRECT!”

This is correct and has to do with the way tradingview signals are sent to 3commas and how tradingview and 3commas work together in out specific strategy. We will get into more detailed explaining of this later on. Generally speaking: With the “Backtesting” setting we are simulating how the “LIVE” trading is suppose to trade to as near a degree as tradingview will let us.