Best Practices for Automation Using Integrations
Automation can save time and improve consistency but requires careful setup. Follow these best practices:
- Double-check API settings: Ensure all keys and tokens are entered correctly.
- Test on a demo account: Simulate trades to verify accuracy before going live.
- Use economic filters: Avoid trading during high-impact news events by combining filters with automation.
- Monitor alerts: Regularly review logs to catch any misconfigurations or missed signals.
Example:
- A swing trader might use PineConnector to automate trades but set manual alerts for high-risk setups.
Tips:
- Use automation for repetitive, rules-based strategies.
- Reserve manual review for discretionary strategies or during volatile conditions.