Autotrade.it RSI strategy

AutoTrade.it RSI Strategy Setup Guide
Overview:
The AutoTrade.it RSI Strategy is designed to automate your trading using the Relative Strength Index (RSI), a popular momentum oscillator. This strategy triggers trades based on overbought and oversold conditions identified by the RSI, helping traders take advantage of potential price reversals. It aims to enter trades when an asset is oversold (buying opportunity) and exit when it is overbought (selling opportunity).

Recommended Timeframe
15-Minute (15m) Timeframe

• Ideal for capturing short-term market movements while minimizing noise.
  
• Provides sufficient data for identifying RSI overbought and oversold conditions.
  
• Balances risk management and responsiveness to market conditions.
  

Step-by-Step Tutorial
Step 1: Create an Account
Sign up at autotrade.it.com
Step 2: Connect Your TradingView Account
Use an alternative email to connect your TradingView account to AutoTrade.it.
Note: This is free and doesn’t require a TradingView Pro subscription.
Step 3: Connect Your Desired Exchange
Link your exchange to AutoTrade.it using your API keys for seamless trade execution.
Step 4: Copy the Alert Name
Copy the alert name provided by AutoTrade.it. This will be used to trigger your RSI-based strategy.
Step 5: Add the Alert on the Indicator
Go to the RSI indicator on TradingView and add an alert.
Choose "Alert Function calls only" as the alert type.
Step 6: Paste the Alert Name
Paste the copied alert name into the alert name field.
Click "Create" to finalize the alert setup.
Step 7: Set Up Notifications
Ensure to enable "Send Plain Text" in the notification settings for proper execution of the alert.
Double-check all settings to ensure everything is configured correctly.
Final Step: Sit and Relax BTCUSDT
Once you've completed the above steps, your trades will be automated. The AutoTrade.it RSI strategy will begin executing trades based on the RSI alerts you’ve set up, buying when the RSI indicates oversold conditions and selling when it indicates overbought conditions.