How to Automate Trading on TradingView
Are you looking to automate your trading on TradingView and simplify the order execution process? You’re in luck! In this blog post, we will show you how to leverage Tickerly, a powerful trading automation platform, to achieve just that. Follow these easy steps to set up alerts on your strategy and automate order execution using Tickerly.
The Benefits of Trading Automation
By automating your trading on TradingView with Tickerly, you can unlock several key advantages that can significantly enhance your trading experience:
- Time Efficiency: Trading automation saves you time by eliminating the need to manually enter and exit trades. This frees up valuable time that you can spend analyzing the market, refining your strategies, or focusing on other important aspects of your life.
- Consistency: Automated trading ensures that your strategies are executed consistently, without being influenced by emotions like fear or greed. This can lead to more reliable results and potentially improved long-term performance.
- Faster Execution: Automated trading systems can process and execute orders much faster than manual trading. This allows you to take advantage of small market inefficiencies and fleeting opportunities that might be difficult to capture through manual trading.
- Reduced Stress: Trading can be emotionally taxing, especially during periods of high market volatility. By automating your trades, you can reduce the stress associated with making real-time trading decisions and avoid the pitfalls of emotional trading.
- 24/7 Trading: Automated trading systems can operate around the clock, allowing you to capitalize on opportunities in the market even when you’re asleep or away from your trading terminal.
By using Tickerly to automate your trading on TradingView, you can harness these benefits to potentially enhance your trading performance and overall experience. Stay ahead of the game and embrace
How to set it up
Step 1: Copy the Standard Alert Message from Tickerly First, log in to your Tickerly account and navigate to the “my exchanges” section. Here, you’ll find the standard alert message for the exchange account you want to use with your TradingView strategy. Simply select the text, right-click, and click “Copy.”
Step 2: Add Alerts on TradingView Next, head over to TradingView and select the strategy you want to automate. Click the three little dots on the right side of the strategy and select “Add alerts on….”
Step 3: Configure Alert Settings In the “Add Alert” popup, under “Condition,” choose “Order fills only.” In the “Message” field, paste the alert message you copied earlier from your Tickerly “my exchanges” list. You should see a green check-mark, indicating that the alert message is structurally correct.
Step 4: Set Up Webhook URL Navigate to the “Notifications” tab and tick the “Webhook URL” option. Insert the IP address of the Tickerly alert processing server, which can be found on the “my exchanges” page. Copy and paste the IP address directly into the field. From now on, TradingView will suggest this webhook recipient, so you won’t need to set it again for future alerts.
Step 5: Enable Email Notifications As a final step, enable the “Send email” option to receive a copy of the alerts in your inbox. This will allow you to verify that your strategy is sending the expected alerts to Tickerly. Click “Save” to activate the alert.
Congratulations! You’ve successfully set up Tickerly to automate order execution for your TradingView strategy. Tickerly will now consistently and automatically execute orders based on the alerts generated by your strategy.
Additional Tips and Resources
- Experiment with Advanced Alert Message Structures: If you’re looking for more advanced alert configurations, Tickerly also offers a variety of advanced alert message structures that cater to specific trading scenarios.
- Visit the Resources Tab on Tickerly: To learn more about Tickerly and its features, head over to the Resources tab on the Tickerly website. You’ll find helpful guides, tutorials, and other valuable information to enhance your trading automation experience.
- Join the Tickerly Discord Community: If you need any assistance or have questions about Tickerly, consider joining their Discord community. You’ll find a supportive group of traders and Tickerlu community members who are more than happy to help you out. The Tickerly Discord is an excellent place to exchange ideas, discuss strategies, and stay up-to-date on the latest developments in trading automation.
Read our next blog post on Mastering Automated Forex Trading on TradingView with Tickerly