Tradingbor and api

APIs & Algo Trading
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What is diff bw tradingbot delta connect to tradingview or API ?

WHICH IS BEST ?

Why create API IF WE TRADINGBOT?

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The choice between using the Trading Bot (TradingView) and the Direct API depends on your technical skills and how you want to manage your trades.

1. Difference Between Trading Bot and API

Feature Trading Bot (TradingView/Tradetron) Direct API Integration
Setup No coding required. Uses Webhooks. Requires programming (Python, Node.js, etc.).
Logic Based on Chart Indicators (e.g., RSI, Supertrend). Custom logic, high-frequency, or data-heavy.
Execution Triggered by alerts from TradingView Triggered by your own server/script.
Maintenance Low. Managed by the platform. High. You manage servers, security, and uptime.
Order Types Primarily Market Orders (via Webhooks). Full control (Limit, Stop, Bracket, Batch).
Security Uses a Strategy ID/Webhook URL. Uses API Key & Secret with IP Whitelisting.

2. Which is Best?

  • Choose Trading Bot (TradingView) if:

    • You are a trader who uses technical analysis and charts.

    • You want to automate a strategy you already use on TradingView.

    • You don’t want to manage a server or write complex code.

    • You want a quick, “plug-and-play” automation.

  • Choose Direct API if:

    • You are a developer or quantitative trader.

    • You need to perform complex calculations or arbitrage across exchanges.

    • You require high-speed execution (low latency).

    • You need to manage multiple sub-accounts or complex portfolio risk programmatically.

3. Why create an API if we have a Trading Bot?

The Trading Bot is a specific tool built on top of the API infrastructure to make automation accessible to everyone. However, the API is the foundation that offers much more power:

  1. Full Account Management: The Trading Bot only places trades. The API allows you to fetch wallet balances, transaction logs, transfer funds between sub-accounts, and manage your profile.

  2. Advanced Order Types: While the Trading Bot usually executes market orders, the API allows for Batch Orders (up to 50 orders in one call), Bracket Orders (TP/SL), and precise Limit Orders.

  3. Market Data: The API provides access to L2 Orderbooks, historical OHLC candles, and real-time Ticker data which you can use to build your own custom dashboards or analytical tools.

  4. Customization: If your strategy requires data from multiple sources (e.g., On-chain data + Delta Price + News sentiment), a Trading Bot cannot handle this. You would need the API to build a custom bot.
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for full controlling on trading with self programing