Introduction
This user guide will introduce you to XPayBot, explain its features, and guide you through the requirements for setting up your own TradingView strategy.
What is XPayBot?
XPayBot is a Telegram bot that automates trading through signals sent to groups or channels. By holding XPay tokens, you can join one of our designated signal channels and access hedge fund trading strategies. From there, you can choose which tokens to automate trading for.
This tutorial series is primarily for those looking to create their own trading strategies on TradingView. We'll cover how to:
Create trading strategies using AI.
Backtest these strategies.
Use TradingView Alerts to link your strategy to a Telegram group or channel via a webhook.
Use XPayBot to automate your trading strategies.
Requirements for Setting Up Your Trading Strategy
To link your own trading strategy to XPayBot, you'll need the following:
TradingView Membership
Essential Membership Plan:
Cost: $12.95 per month.
Allows up to 20 alerts. This means you can run your strategies for a maximum of 20 tokens on one strategy.
Note: Alerts expire after roughly 2 months and will need maintenance.
Plus Membership:
Allows up to 100 alerts.
Premium Membership:
Allows up to 400 alerts.
Benefit: Alerts don't expire, offering a truly hands-off experience.
Tip: If you are a new user, you can use the free trial for one month. However, if you prefer to pay with crypto, select the "pay now" button to skip the trial and pay in crypto.
ChatGPT Plus Membership
For creating Pine Script code required for making the trading strategy, we recommend the ChatGPT Plus membership:
ChatGPT Plus Membership:
Cost: $20 per month.
Offers ChatGPT 4o, which is very powerful for generating Pine Script code.
You can cancel after one month if you complete the setup during that time.
Alternative Free AI Option
If you'd like to cut costs, you can use groq, which offers access to free AI:
Groq with Llama3-70b-8192 Model:
Note: This free AI option can come with more errors when generating code.
Summary
These are the requirements for creating your own TradingView strategy. Once you have these set up, you'll be ready to move on to the next steps in our tutorial series, where we’ll delve deeper into creating and automating your trading strategies.
Automate. Save Time. Profit. With XPayBot.
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