Automating Tradingview Alerts to Tradelocker

Automation Guides
1

Automating your trading strategies by connecting your TradingView alerts to TradeLocker can significantly enhance your trading efficiency. This guide provides a step-by-step approach to setting up this automation, detailing the command syntax, parameters, and supported commands to ensure seamless integration.

We can integrate TradeLocker with TradingView by creating a Webhook on Tradingview to Anywhere. We will add this Webhook in the Webhook URL field of our alerts. We will also add some commands in the message box of the alert to allow us to convert our alerts into executable trades.

Command Syntax

The structure of commands used to automate trades is as follows:

Command Symbol Param=Value
Example: Buy EURUSD Q=0.5

Where:

  • command: Specifies the action to be executed, such as ‘Buy’, ‘Sell’, or ‘Close’.
  • symbol: Indicates the trading pair or instrument, like ‘XAUUSD’.
  • param: Defines specific parameters for the trade, such as quantity, take profit, or stop loss.
  • value: Assigns the value to the specified parameter.

Parameters

Several parameters can be customized within commands to control trade execution:

  • Quantity: Defines the size of the trade. For example, ‘Q=0.01’ represents 0.01 lots.
  • Take Profit (TP): Sets the take profit level. For example, ‘TP=1.0525’ indicates the take profit at the 1.0525 price level.
  • Stop Loss (SL): Sets the stop loss level. For example, ‘SL=1.2500’ indicates the stop loss at the 1.2500 price level.

Supported Commands

The following commands are supported for automating trades:

  1. Opening a Position

Indicator Alerts

  • Buy Command: Initiates a buy position.

    buy XAUUSD Q=0.01

    This command opens a buy position on XAUUSD with a lot size of 0.01.

  • Sell Command: Initiates a sell position.

    sell XAUUSD Q=0.01

    This command opens a sell position on XAUUSD with a lot size of 0.01.

Strategy Alerts

  • Long and Short Strategy

    {{strategy.order.action}} XAUUSD Q=0.5 - Opens an XAUUSD trade with a 0.5 lot size according to the strategy direction.

  • Long, Short and Exit Strategy

    {{strategy.market_position}} XAUUSD Q=0.5 - Opens an XAUUSD trade with a 0.5 lot size according to the strategy direction and automatically closes the position when the flat alert is generated.

- For more on how to automate Tradingview strategies, see how to use Dynamic TradingView alert variables.

  1. Closing a Position

    • Close Command: Closes an existing position on the specified instrument.

      close XAUUSD

      This command closes the current position on XAUUSD.

  2. Cancelling a Limit Order

    • Cancel Command: Cancels any unfilled orders on the specified instrument.

      cancel XAUUSD

      This command closes the current position on XAUUSD.

Additional Notes

  • Case Sensitivity: Commands and parameters are not case-sensitive.
    Buy eurusd q=0.5 - Correct :white_check_mark:
    BUY EURusd Q=0.5 - Correct :white_check_mark:
  • Parameter Formatting: Ensure there are no spaces between parameters and values to avoid execution errors.
    Buy eurusd q=0.5 - Correct :white_check_mark:
    buy eurusd q = 0.5 - Incorrect :x:

By following this structured approach, you can effectively automate your TradingView alerts to execute trades on TradeLocker, enhancing your trading efficiency and strategy implementation.

Happy Trading!