Algorithmic trading and trading scenarios are helpful when used wisely. But finding the right script for your particular crypto trading strategy can be quite a challenge. This is why many trading platforms include a custom script option for users who desire a more advanced and personalized trading script, like a TradingView script.

This article explains the essentials of a custom script, how scripts perform their functions, and where to create them.

Let’s take a closer look!

What Are Custom Scripts?

For trading scenarios and in algorithmic trading, custom scripts are essentially specific software instructions that run your trade order to your exact specifications. At the most fundamental level, all algorithmic trading scenarios are simply coded instructions done on a computer.

Although each trading scenario can perform its tasks in various ways depending on how they are computed, the end goal for all of them is to identify and enter profitable buying and selling positions in the financial market of your choice. If profit is unrealizable, a trading scenario also helps greatly mitigate your losses by exiting losing trades as fast as possible.

 The main coding instruction given to trading scenarios is usually centered on the following.

  • Entry rules (that signal when to go long or short)
  • Exit rules (that specify when to exit the current trading position)
  • Position sizing rules (that tell you just how much to buy or sell)

Custom Script Features

In web development, custom scripts are termed “software tweaks” that provide interactive features to your website. Similar to web development, trading scripts aid traders by allowing them to trade more efficiently.

Although there are different coding languages one can employ to automate trading scenarios, the most used and commonly preferred one is Pine Script. This is a coding language specifically created by TradingView to design scripts, customize trading strategies, and specifically build personal indicators and signals to an individual user’s satisfaction.

Trading View Bitcoin

Creating Custom Scripts with Obolon9 

To implement a particular crypto trading strategy, you need a specialized platform that can help you develop a custom script.

What Is Obolon9?

Obolon9 is a software-based professional automated trading platform designed to aid you in automating your trades. Obolon9 offers a trader a set of seven script-based trading tools (plus a customizable script) through an automated trading desk. By combining the flexibility of manual trading with the diligence and accuracy of programmed scenarios, it integrates the best of both worlds. 

The platform is free to use for 30 days. Also, there are monthly (GBP 9.99) and annual (GBP 99.9) subscriptions available in monthly payments. 

How Obolon9 Can Help Create a Custom Script

There are two ways to use custom scripts in Obolon9.

  • First, you can import custom scripts from TradingView on the Obolon9 platform. You can create your script and add it as well. It is important to note that the custom script should be written in Pine Script language, such as TradingView scripts. To do this, you need to use the “Add script” button on the Scripts page to add any script you want. 
  • Finally, you can also use the “Request a script” button as well. We will create it and add it for you. The strategy implements the ability to add a customized script. It eliminates the need to track prices, as they are delivered straight to your inbox or smartphone.

Discover Your New Custom Script with Obolon9

If you want to create a script on Obolon9 or add it from an external source, here is how to go about it.

Creating a custom script in Obolon9 is very easy and straightforward. Simply follow the steps listed below:

  • Click the “Add script” button.
  • Specify the script title.
  • Add the script code.
  • Click the “Save” button.
  • The script will be private.

Here’s how to import a script:

  • Click the “Add script” button.
  • Click the “Import from TV” button.
  • Add the script link from TradingView.
  • Click the “Get code” button.
  • Click the “Save” button.
  • The script will be public.

If you cannot properly design a custom script or need something more advanced, you can contact the developers with your specific requirements for further help. Here is how to go about it:

  • Click the “Request a script” button.
  • Click the “Contact us” button.
  • Send a request via email or the contact form.

Conclusion

If you have a unique idea for your trading scenario or want to improve an existing script, then creating a custom script is the best option for you. Obolon9 is capable of doing this. With the platform, you can create your own custom script or import your TradingView script onto the platform. All you need to do is set parameters indicating what you want your trading scenario to do. 

After signing up and setting up your desk, Obolon9 will provide traders with professional tools that will aid your trading strategies for cryptocurrency.