Automatic Execution

Automate TradingView Alerts

Automating your trades with TradingView alerts is a powerful way to streamline your trading process. By integrating webhook services with TradingView, you can execute orders automatically based on the custom alerts generated by our algorithmic strategies. This section will guide you on how to set up and use webhook services to automate your trades.

Step 1: Choose a Webhook Service

There are several third-party services available that can automate trade execution via TradingView alerts. Here are a few popular options:

Capitalise.ai Capitalise.ai allows you to automate your trading strategy without needing to code. Simply set up your TradingView alerts and use their platform to execute trades automatically on various brokers.
AutoView AutoView is a browser extension that links TradingView alerts to your crypto or forex broker’s API, enabling automatic trade execution as soon as an alert is triggered.
Alertatron Alertatron is designed specifically for traders, enabling you to execute trades instantly via TradingView alerts. It supports crypto trading and can send trades to multiple exchanges through a simple webhook.

Step 2: Setting Up TradingView Alerts

Create a TradingView Alert
- On your TradingView chart, select the strategy or indicator you’re using (e.g., one of our custom strategies like FomoCross Momentum or MeanReversion Deep Buy).
- Right-click on the chart and choose "Add Alert" or click the alarm clock icon at the top of the chart.
- In the alert creation window, set the condition for when you want the alert to trigger (e.g., crossing a specific price, custom strategy signals, or any other technical condition).
Select "Webhook URL" In the alert window, you’ll see an option for "Webhook URL". This is where you will paste the URL provided by the webhook service you're using (e.g., Capitalise.ai, AutoView, Alertatron). Each service will provide a unique URL for your account to receive the alert and process the trade automatically.
Customize the Alert Message Most webhook services require a specific message format to interpret the alert and execute the trade. For instance, you might need to include specific parameters such as the asset ticker, the action (buy or sell), and the quantity to trade. Review your webhook service's documentation to ensure you format the message correctly.
Example format for Capitalise.ai:
```
jsonCopy code{
   "ticker": "{{ticker}}",
   "action": "buy",
   "quantity": "100"
}
```
Activate the Alert After setting the conditions and filling in the necessary webhook details, click "Create" to activate the alert. TradingView will monitor the market for your conditions, and when triggered, it will send the alert to your chosen webhook service.

Step 3: Automate Trade Execution

Once the webhook alert is triggered, the connected webhook service will automatically execute the trade based on the conditions you’ve set. Here’s how it works with the mentioned platforms:

Capitalise.ai: When TradingView sends an alert, Capitalise.ai interprets the alert and executes trades based on predefined instructions, such as "Buy 50 shares of SPY when my alert triggers." You can monitor and manage the process directly on Capitalise.ai’s platform.
AutoView: With AutoView, the alert triggers directly execute trades via the API connection to your broker. You configure the trading rules in AutoView, and as the alert is received, it automates the buy/sell order on your linked account.
Alertatron: Alertatron specializes in executing crypto trades, using a simple script to interpret alerts and automatically placing orders on exchanges like Binance or BitMEX. The service also allows for advanced commands, such as placing stop-loss or take-profit orders alongside the main trade.

Step 4: Monitor and Optimize

After setting up your webhook-based trading automation, it’s essential to monitor how the strategy performs. Here are a few tips:

Test with Small Trades Before committing to large capital, start with small positions to ensure that the alerts, webhook, and execution service are working seamlessly.
Review Logs and Trade History Most webhook services provide detailed logs and trade history so you can track performance, see which alerts were triggered, and identify any potential issues.
Optimize Your Parameters If you’re using machine learning-optimized strategies, make sure the parameters you’ve set (e.g., stop-loss, take-profit, and position sizing) are aligned with the current market conditions and your overall trading goals.

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Last updated 6 months ago

Automate TradingView Alerts

Step 1: Choose a Webhook Service

There are several third-party services available that can automate trade execution via TradingView alerts. Here are a few popular options:

Capitalise.ai Capitalise.ai allows you to automate your trading strategy without needing to code. Simply set up your TradingView alerts and use their platform to execute trades automatically on various brokers.

AutoView AutoView is a browser extension that links TradingView alerts to your crypto or forex broker’s API, enabling automatic trade execution as soon as an alert is triggered.

Alertatron Alertatron is designed specifically for traders, enabling you to execute trades instantly via TradingView alerts. It supports crypto trading and can send trades to multiple exchanges through a simple webhook.

Step 2: Setting Up TradingView Alerts

Create a TradingView Alert

On your TradingView chart, select the strategy or indicator you’re using (e.g., one of our custom strategies like FomoCross Momentum or MeanReversion Deep Buy).
Right-click on the chart and choose "Add Alert" or click the alarm clock icon at the top of the chart.
In the alert creation window, set the condition for when you want the alert to trigger (e.g., crossing a specific price, custom strategy signals, or any other technical condition).

Select "Webhook URL" In the alert window, you’ll see an option for "Webhook URL". This is where you will paste the URL provided by the webhook service you're using (e.g., Capitalise.ai, AutoView, Alertatron). Each service will provide a unique URL for your account to receive the alert and process the trade automatically.

Customize the Alert Message Most webhook services require a specific message format to interpret the alert and execute the trade. For instance, you might need to include specific parameters such as the asset ticker, the action (buy or sell), and the quantity to trade. Review your webhook service's documentation to ensure you format the message correctly.

Example format for Capitalise.ai:

jsonCopy code{
   "ticker": "{{ticker}}",
   "action": "buy",
   "quantity": "100"
}

Activate the Alert After setting the conditions and filling in the necessary webhook details, click "Create" to activate the alert. TradingView will monitor the market for your conditions, and when triggered, it will send the alert to your chosen webhook service.

Step 3: Automate Trade Execution

Once the webhook alert is triggered, the connected webhook service will automatically execute the trade based on the conditions you’ve set. Here’s how it works with the mentioned platforms:

Capitalise.ai: When TradingView sends an alert, Capitalise.ai interprets the alert and executes trades based on predefined instructions, such as "Buy 50 shares of SPY when my alert triggers." You can monitor and manage the process directly on Capitalise.ai’s platform.

AutoView: With AutoView, the alert triggers directly execute trades via the API connection to your broker. You configure the trading rules in AutoView, and as the alert is received, it automates the buy/sell order on your linked account.

Alertatron: Alertatron specializes in executing crypto trades, using a simple script to interpret alerts and automatically placing orders on exchanges like Binance or BitMEX. The service also allows for advanced commands, such as placing stop-loss or take-profit orders alongside the main trade.

Step 4: Monitor and Optimize

After setting up your webhook-based trading automation, it’s essential to monitor how the strategy performs. Here are a few tips:

Test with Small Trades Before committing to large capital, start with small positions to ensure that the alerts, webhook, and execution service are working seamlessly.

Review Logs and Trade History Most webhook services provide detailed logs and trade history so you can track performance, see which alerts were triggered, and identify any potential issues.

Optimize Your Parameters If you’re using machine learning-optimized strategies, make sure the parameters you’ve set (e.g., stop-loss, take-profit, and position sizing) are aligned with the current market conditions and your overall trading goals.