Tutorials & Guides

Acquiring and Accessing the Indicator

In both cases, follow the provided link directly to TradingView and click the Favourite icon next to the DK Algo indicator name for easier access in the future.

Adding to Your Chart

DK Algo is a TradingView strategy script. You add it from the Indicators menu (TradingView groups strategies there):

• Log in to your TradingView account and open any chart (currencies, cryptocurrencies, or stocks)
• Click on the Indicators button at the top of the chart
• If you've favourited DK Algo, find it in your Favourite Indicators section
• If not favourited, click on the Invite-only scripts tab and select DK Algo

Understanding Strategy Signals

DK Algo uses chart lines and callout labels to show how each trade is managed.

• Average Price The solid blue line tracks your weighted average entry while a trade is open. It updates as safety orders fill.
• Safety Order Levels Dashed blue lines below average price show where the next safety orders will trigger if price keeps falling. Filled levels stop extending; pending ones stay visible ahead of price.
• Base Order Marks where the buy level was hit. Blue callout labels appear at each new entry with order size, max safety orders, and take-profit percentage.
• Take Profit Marks where the sell level or take-profit target was hit. The solid green line shows the target above average entry (based on your Take Profit %). Green TAKE PROFIT callouts summarize gain %, USD P&L, safety orders used, and bars in the trade; unprofitable exits show EXIT instead.

General Settings

The default configuration settings are optimized for moderately volatile markets:

• Sell Signal Factor: Default is 1. Increasing this value requires stronger market movements for signals, resulting in fewer but more reliable signals.
• Buy Signal Factor: Default is 1. Similar to the Sell Signal Factor, higher values increase signal accuracy but reduce frequency.

Safety Order Strategy

This powerful feature helps improve your trade entries and exits during temporary price reversals:

• Safety Order Backtesting: Enabled by default
• Dynamic Exit: Enabled by default (positions close automatically based on Sell Signal Factor)
• Take Profit: Default set at 1.3%
• Base Order Size: Customizable based on your trading capital
• Safety Order Size: Customizable according to your risk management preferences
• Price Deviation for First Safety Order: Default set at 1%
• Volume Scale: Default multiplier of 1.35 (each subsequent safety order size increases)
• Step Scale: Default multiplier of 1.3 (spacing between safety orders)
• Safety Trades Count: Default is 6

Risk Management

Carefully manage potential losses with built-in risk management:

• Stop Loss: Optional and disabled by default
• Stop Loss Percentage: Disabled by default; set this percentage according to your risk tolerance if enabled

Finding The Best Settings: Backtesting

Backtesting allows you to evaluate how your settings would have performed historically:

1. Click the Strategy Tester button at the bottom of your TradingView chart
2. Adjust parameter values to identify settings that maximize historical profitability

Create the Finandy Signal Connection

Finandy receives DK Algo strategy orders from TradingView and sends them to your connected wallet or exchange account. Start from your Finandy terminal and open the signal setup screen.

1. Arrow 1: Opens the signal setup viewport.
2. Arrow 2: Creates a new signal connection with the Connect New Signal button.
3. Arrow 3: Marks the source dropdown. Set it to Strategy (DK Algo is a Pine Script strategy; an indicator source will not receive {{strategy.order.alert_message}} payloads).
4. Arrow 4: Copies the Finandy webhook URL you will paste into TradingView.
5. Arrow 5: Shows where to view or copy the secret key.

Configure Open and Average Position in Finandy

In your Finandy signal settings under Action by signal, match the three numbered arrows in the screenshot:

1. Arrow 1: Turn on Average position.
2. Arrow 2: For both Open position and Average position, enable the take from webhook checkbox next to Amount (green signal icon).
3. Arrow 3: Set the quantity type dropdown to Amount for both Open position and Average position.

Add the Finandy Details to DK Algo

Open the DK Algo strategy settings in TradingView (gear icon on the chart) and find Finandy Webhook Settings. Fill the fields with the details from Finandy:

• Bot Name: the Finandy hook name, such as Hook 324649
• Secret Key: the secret key shown in Finandy
• Custom Trade Pair: optional, for example AMPUSDC when the chart pair differs from the pair you want Finandy to trade

Configure the TradingView Strategy Alert

DK Algo is a Pine Script strategy. You need a strategy alert so TradingView sends live order data through {{strategy.order.alert_message}}. A standard indicator alert will only send plain text and will not execute trades in Finandy.

A. Open the alert editor

1. Open your TradingView chart with the DK Algo strategy loaded.
2. Arrow 1: Click the ⋯ menu on the DK Algo strategy name in the chart legend and choose Add alert on…. You can also use Create Alert in the Strategy Tester panel.

B. Settings tab

1. Confirm the chart symbol.
2. Set Interval to Same as chart.
3. Set the condition to the DK Algo strategy (not a separate indicator study).
4. Open Message and replace the default text with {{strategy.order.alert_message}}.

C. Notifications tab

Stay in the same popup. Open Notifications → Webhook to reach Alert actions:

1. Arrow 2: Check Webhook URL to enable webhook delivery.
2. Arrow 3: Paste the Finandy webhook URL from Automation step 1, then click Apply.

Click Create only after sections A through C are complete. Confirm the alert appears in your Alerts list.