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XRP Trading System Step by Step Manual

The XRP Fail-Safe Auto Trading System manual provides detailed instructions for creating and operating an automated trading system using TradingView, Pipedream, and Kraken. It includes components for strategy logic, webhook processing, and executing trades, with a focus on risk management through fail-safe mechanisms. The system operates autonomously, utilizing alerts and JSON integration for hands-free trading while allowing for advanced customizations.

Uploaded by

JODEY FLETCHER
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as TXT, PDF, TXT or read online on Scribd
9 views4 pages

XRP Trading System Step by Step Manual

The XRP Fail-Safe Auto Trading System manual provides detailed instructions for creating and operating an automated trading system using TradingView, Pipedream, and Kraken. It includes components for strategy logic, webhook processing, and executing trades, with a focus on risk management through fail-safe mechanisms. The system operates autonomously, utilizing alerts and JSON integration for hands-free trading while allowing for advanced customizations.

Uploaded by

JODEY FLETCHER
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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XRP FAIL-SAFE AUTO TRADING SYSTEM - STEP-BY-STEP INSTRUCTION MANUAL

VERSION: 1.0
LAST UPDATED: June 2025

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1. OVERVIEW
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This manual details how to create, configure, and operate a fully automated XRP
trading system using:
- TradingView (for strategy logic and alert creation)
- Pipedream (for webhook reception and processing)
- Kraken (for executing real market trades)

The system is designed for advanced risk-managed trading and includes:


- Entry logic using RSI, MACD, and VWAP
- Fail-safe auto-exit system based on live price drop
- JSON alert integration for fully hands-free operation

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2. SYSTEM COMPONENTS
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A. TradingView Components:
- Custom Pine Script: Enhanced Fail-Safe Indicator
- Alerts for BUY/SELL with structured JSON payloads
- Webhook URLs that deliver to Pipedream

B. Pipedream Automation:
- Custom Node.js script hosted on Pipedream
- Authenticated API interaction with Kraken
- Input validation, balance checks, and live execution

C. Kraken Exchange:
- API key (with trade permissions)
- Asset wallet balances (USD + XRP)
- Rate-limited order handling

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3. SETUP: TRADINGVIEW SIDE
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STEP 1: Write and Deploy the Pine Script


- Go to TradingView Pine Editor
- Paste the XRP-specific Pine Script with:
- RSI crosses above 35
- MACD crosses above signal line
- VWAP cross confirmation
- Fail-safe logic: exit if price drops 0.2% from entry

STEP 2: Add to Chart


- Apply script to XRPUSD chart (suggest BINANCE:XRPUSDT or COINBASE:XRPUSD)
- Ensure “Overlay” is enabled
- Visual markers should appear when signals trigger

STEP 3: Set Alerts


- Open TradingView alerts panel (🔔 icon)
- Create two alerts:
A. BUY ALERT
- Condition: “Buy Signal” from script
- Message (Webhook):
{
"COIN": "XRP",
"SIDE": "BUY",
"SIZE": "100%",
"ALERT": "VWAP Long",
"RATIONALE": "RSI and MACD confirmed, price above VWAP"
}
B. SELL ALERT
- Condition: “Sell Signal” from script
- Message (Webhook):
{
"COIN": "XRP",
"SIDE": "SELL",
"SIZE": "100%",
"ALERT": "VWAP Short",
"RATIONALE": "Price crossed below VWAP or hit fail-safe"
}

STEP 4: Webhook URL


- Use your custom Pipedream webhook URL as destination

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4. SETUP: PIPEDREAM AUTOMATION
-------------------------------------------------------------------------------

STEP 1: Create a new workflow


- Log into pipedream.com
- Create a new HTTP trigger workflow
- Copy and paste the Kraken trading script (Node.js)

STEP 2: Paste Script Logic


- Include:
- Input parsing (COIN, SIDE, SIZE)
- Kraken signature generation
- Balance checking
- Order size calculation (USD amount / current price)
- Kraken market order execution (buy/sell)

STEP 3: Configure API Keys


- Store Kraken API key and private secret in environment variables
- Set IP whitelist if needed
- Ensure permissions: Query Balance, AddOrder

-------------------------------------------------------------------------------
5. SETUP: KRAKEN
-------------------------------------------------------------------------------

STEP 1: Create API Key


- Log into Kraken Pro > API Management
- Enable permissions:
✅ Query Funds
✅ Add Order
- Disable withdrawal permissions for safety

STEP 2: Note Your Key/Secret


- Copy Key ID and Private Key
- Base64 encode the private key as needed

STEP 3: Add Funds


- Fund your account with both:
- USD for BUY orders
- XRP for SELL orders

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6. FAIL-SAFE LOGIC EXPLAINED
-------------------------------------------------------------------------------

The script calculates % loss from entry immediately:


immediate_loss = ((entryPrice - close) / entryPrice) * 100

If that loss >= 0.2% (default), it forces a SELL alert


This triggers the Pipedream workflow just like a regular signal
Why it's used:
- To avoid losses from sudden fakeouts
- Protect capital without relying solely on indicator exits

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7. DAILY OPERATION
-------------------------------------------------------------------------------

- The system runs autonomously once TradingView alerts are active


- When market moves trigger your Pine Script:
- An alert fires with structured JSON
- Webhook sends it to Pipedream
- Pipedream fetches balance, price, and executes trade on Kraken
- You can monitor trades from Kraken Pro or API logs

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8. TROUBLESHOOTING
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❌ No alerts?
- Make sure the indicator is applied and alert condition matches your chart

❌ No trades executing?
- Check Pipedream logs for errors
- Validate API key is correct and funded
- Confirm correct ticker pair (XRPUSD)

❌ Alert fired but nothing happened?


- Make sure alert message JSON is formatted correctly

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9. ADVANCED CUSTOMIZATIONS
-------------------------------------------------------------------------------

- Change fail-safe % via input in Pine Script


- Add trailing stops using higher-timeframe EMA
- Create Discord alerts alongside Kraken orders in Pipedream

-------------------------------------------------------------------------------
10. SUMMARY
-------------------------------------------------------------------------------

This system blends market logic (RSI/MACD/VWAP) with automated trading


infrastructure (webhooks + Kraken)
to deliver a fully hands-free crypto trading solution — with a built-in fail-safe
for risk control.

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END OF MANUAL
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