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
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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
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5. SETUP: KRAKEN
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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
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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
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- 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
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- Change fail-safe % via input in Pine Script
- Add trailing stops using higher-timeframe EMA
- Create Discord alerts alongside Kraken orders in Pipedream
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10. SUMMARY
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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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