Automation in trading can be a game-changer. According to Bloomberg, over 80% of trades in the stock market are executed by algorithms. Think about that. The world’s biggest traders aren’t making snap decisions on gut feelings—they’re relying on systems. So, why shouldn’t you?
Let’s cut to the chase: You have a strategy on TradingView, but TradingView doesn’t support automatic trade execution. That’s a problem—until now. With Tickerly, you can turn those strategies into an automated bot in just a few steps. I’ll walk you through exactly how to set up a step-by-step trading bot on TradingView using Tickerly. By the end of this guide, you’ll have a fully functional, automated trading system.
Step 1: Setting Up Your Tickerly Account
First, head to the Tickerly website and create an account. It’s quick and easy. Choose a plan that fits your trading needs—forex, commodities, crypto—whatever your focus, Tickerly’s got you covered. Once you sign up, you’re ready to connect it to your exchange.
Pro Tip: The best part? Tickerly is cloud-based. This means your strategies will run 24/7 without needing your computer to be on. No more worrying about power outages or needing a Virtual Private Server (VPS).
Step 2: Connecting to Your Exchange
Let’s connect Tickerly to your exchange. I’ll use Capital.com as an example here, but Tickerly works with many others like Kraken and KuCoin.
- Log into your exchange.
- Go to Settings → API Integration → Generate API Key.
- Save the API key and password somewhere safe.
Now, head back to Tickerly, click Add Exchange, select your exchange (Capital.com in this case), and input your API credentials. Don’t forget to give it a memorable name—especially if it’s a test account. And voilà, you’re connected.
Step 3: Create Your Trading Strategy on TradingView
Next, let’s set up your strategy script on TradingView. Remember, TradingView offers two types of scripts: indicators and strategies. Indicators give market analysis but don’t trigger trades. Strategies, however, do.
So, we’re focusing on strategy scripts—these are where you’ll define your entry, exit, and position management rules. You can either write your own in Pine Script or grab one from the public TradingView library. Once you’ve got your strategy, adjust the settings—things like stop losses, take profit levels, and position sizes.
Step 4: Set Up Alerts on TradingView
Now comes the crucial step: setting up alerts that will automatically execute trades.
- Go to your strategy’s Alerts section in TradingView.
- Use Tickerly’s standard alert message template from your exchange connection list.
- Paste the webhook URL into TradingView—this is what allows TradingView to communicate with Tickerly.
This step connects everything. The alerts triggered by your strategy on TradingView will send signals to Tickerly, which in turn executes your trades on the exchange.
Step 5: Test Your Setup
Before going live, test everything with Tickerly’s Manual Alert feature. This will let you trigger trades manually, ensuring that your strategy connects properly. If all goes smoothly, you’re good to go live!
Step 6: Automate and Monitor
With everything in place, your trading strategy will now run automatically, 24/7. You’ll get email notifications every time a trade is executed—or if a trade fails for any reason. Tickerly also provides a detailed log of all alerts processed, so you can review them anytime.
Key Takeaways:
- Cloud-based convenience: Tickerly runs 24/7, no extra hardware required.
- Seamless integration: Your TradingView strategy now connects directly to exchanges.
- Flexible alerts: Set up alerts for all key actions—Enter Long, Exit Long, Enter Short, Exit Short.
- Test before live: Use manual alerts to verify everything works before going live.
Automation doesn’t have to be complicated. With Tickerly, you can take your TradingView strategies to the next level and let your bot trade for you. Try it out and enjoy the peace of mind that comes from knowing your trades are running even while you sleep.
Ready to take the plunge? Start your free 30-day trial with Tickerly and see how effortless trading can be!