Get Started with Market Cipher

TradeLab.ai offers pre-made strategies to help customers who subscribe to Market Cipher trading alerts get started quickly.

You can find the sample Lux Algo strategy by logging into the TradeLab.ai portal and viewing the Strategies > Explore Shared screen.

Because Market Cipher is a paid alert system, the strategy does not share its alerts automatically. You will need to link your copy of Market Cipher running on TradingView and have it send alerts to TradeLab. To use the pre-made strategy, you will need to send alerts that match how the strategy was made.

The following are instructions on how to setup alerts for Market Cipher

Instructions:

1. In TradeLab.ai go to Alert Templates > Create New. Name it Market Cipher Template

Press the Import button and paste this:

{
   "name":"test2",
   "fields":[
      {
         "field":"symbol",
         "type":"string",
         "description":""
      },
      {
         "type":"string",
         "description":"",
         "field":"type"
      },
      {
         "field":"price",
         "type":"string",
         "description":""
      },
      {
         "description":"",
         "type":"string",
         "field":"interval"
      },
      {
         "field":"storsi",
         "type":"number",
         "description":""
      },
      {
         "type":"object",
         "field":"rsi",
         "description":""
      },
      {
         "field":"moneyflow",
         "description":"",
         "type":"number"
      },
      {
         "description":"",
         "field":"vwap",
         "type":"number"
      },
      {
         "field":"bluewave",
         "description":"",
         "type":"number"
      },
      {
         "description":"",
         "field":"lightbluewave",
         "type":"number"
      }
   ],
   "fieldNames":[
      "symbol",
      "type",
      "price",
      "interval",
      "storsi",
      "rsi",
      "moneyflow",
      "vwap",
      "bluewave",
      "lightbluewave"
   ],
   "description":""
}

Hit save.

You should see fields listed at the bottom of the page.
Copy the Web Hook Url by clicking on the link box.
You will use this in the next step

TradingView Alert Setup

The screenshots below each represent a new alert that must be made. For more information on setting up TradingView alerts with TradeLab.ai click here.

There are two (2) alerts to setup for each interval. This strategy uses the 1hr, 2hr, 4hr, 6hr and 1 Day chart intervals. This means you will need ten (10) alerts for each symbol. Each alert has its own message, please copy and paste each message into the TradingView alert “Message” box. Use the image as a guide for each alert.

{ "symbol":"{{ticker}}", "type":"bluewavecrossingup", "price":"{{close}}", "interval":"{{interval}}", "storsi":{{plot("Sto RSI")}}, "rsi":{{plot("RSI")}}, "moneyflow":{{plot("Mny Flow")}}, "vwap":{{plot("VWAP")}}, "bluewave":{{plot("Blue Wave")}}, "lightbluewave":{{plot("Lt Blue Wave")}}}

{ "symbol":"{{ticker}}", "type":"bluewavecrossingdown", "price":"{{close}}", "interval":"{{interval}}", "storsi":{{plot("Sto RSI")}}, "rsi":{{plot("RSI")}}, "moneyflow":{{plot("Mny Flow")}}, "vwap":{{plot("VWAP")}}, "bluewave":{{plot("Blue Wave")}}, "lightbluewave":{{plot("Lt Blue Wave")}}}

2. In TradingView create the alerts as shown in the screenshots above. One per screenshot, 2 alerts per symbol and interval. If you plan to run 3 different symbols you’ll need 30 alerts. When asked for the Webhook Url use what you copied in the previous step.

Use the text above each screenshot as a template for the Message body. Be sure to change the symbol and interval to match what you are sending.

Strategy Setup

3. In TradeLab go to Community Strategies. Find and copy the Market Cipher strategy from community strategies in TradeLab. There are two, short and long. Copy one or both, your choice.

4. Once copied go back to My Strategies and edit the Market Cipher strat(s) you just copied. Note the symbol, amount and leverage. You should change these to suit your needs.

5. Click on the Variables tab at the top of the Strategy Builder. Here you can change various settings such as your Take and Stop lines, the amount of profit to take when hitting the TP line, and how far to move your lines when they are crossed.

6. Take note of the Starting Take Profit Line and Starting Stop Loss Line variables. These are natural movement percentages of how far from the entry point you want to set your TP/SL. This strategy is designed to have rolling Take Profits, so each time the Take Profit line is hit it will increase both lines by the third variable “Percentage Offset”.

For example:
Take Profit Line = 3
Stop Loss Line = -3
Percentage Offset = 3

In this example if our chart moves by 3 percent we hit the Take Profit line. Both lines will hop up one ladder step by increasing by 3. So our stop loss becomes 0 and our next take profit line is 6. It keeps rolling until the strategy hears the exit alerts or we hit the graduated stop loss. 7. Optional: duplicate the strategy for multiple symbols. Go to the Strategy list, hit the three dot menu on the Lux Algo strategy and copy the strategy. Then hit edit. Change the name, and repeat steps 4 thru 6 for each new copy (edited)

In this example if our chart moves by 3 percent we hit the Take Profit line.

Both lines will hop up one ladder step by increasing by 3. So our stop loss becomes 0 and our next take profit line is 6. It keeps rolling until the strategy hears the exit alerts or we hit the graduated stop loss.

7. Optional: duplicate the strategy for multiple symbols.

Go to the Strategy list, hit the three dot menu on the Lux Algo strategy and copy the strategy. Then hit edit. Change the name, and repeat steps 4 thru 6 for each new copy

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