Introduction:
In the dynamic world of financial markets, having an efficient trading strategy is crucial for success. Algomojo, a leading cloud-based trading infrastructure, offers prewritten strategies that can be seamlessly integrated into popular charting platforms like TradingView. In this blog post, we’ll guide you through the process of adding Algomojo’s prewritten Pivot Point strategy to your TradingView setup and creating alerts to transmit signals to the Algomojo platform.
Step 1: Familiarizing Yourself with Algomojo and TradingView
- Algomojo: A comprehensive trading infrastructure that facilitates algorithmic trading across various markets.
- TradingView: A widely-used charting platform that empowers traders with advanced tools for market analysis and strategy development.
Step 2: Navigate to Algomojo Strategies
Visit algomojo.com and select the “Strategies” option from the menu.
Step 3: Choose TradingView and Select Prewritten Strategy
Click on “TradingView” and choose a prewritten strategy that fits your trading preferences.
Step 4: Copy the Code
Open the text file containing the strategy code and copy it.
Step 5: Add New Symbols on TradingView
Go to TradingView and add the new symbols related to your chosen strategy.
Step 6: Paste Code in Pine Editor
Navigate to the Pine Editor on TradingView, paste the copied code, and press save.
Step 7: Add to Chart and Set Up Alert
Click on “Add to Chart” and create a new alert. Provide an alert name, copy data from your strategy, and paste it into the message box.
Step 8: Set Up Notification
Go to the Notification settings, paste your strategy webhook URL, and create the alert.
Step 9: Monitor Signals on Algomojo Platform
Once the alert is active, monitor your trading signals on the Algomojo platform under “My Signals.”
Conclusion:
Integrating Algomojo’s prewritten Pivot Point strategy into your TradingView setup offers a powerful combination of advanced analysis and automated execution. By following these steps, you can effortlessly receive signals from TradingView and execute orders on Algomojo, enhancing your trading efficiency and potentially improving overall performance. As with any strategy, ensure thorough testing before deploying in live markets and stay informed about updates on both platforms for optimal results. Happy trading!