How to automate trading in TradingView

automate your tradingview trades to trade on any indicator or strategy

Can you automate trading on TradingView?

Yes you can, and you can do it with a TradingView free plan. TradingView has a built-in alert system that can be used to automatically trigger trades on brokers such as Binance.

Such alerts can be sent via email, which is free or using webhooks, which require a TradingView subscription. Those alerts can be automatically processed by a platform such as OctoBot to instantly convert each alert into trades on your exchange account.

Automating trades on TradingView

TradingView makes it easy to create alerts that will fire as soon as any type of condition is met.

creating an alert from tradingview

Alert can are triggered as soon as their Condition is met. Conditions be:

Price events such as the price of Bitcoin reaching a certain value
Indicator thresholds such as the RSI value entering a specific range
Pine Script strategies creating buy or sell orders

Overall, alerts are very flexible and are a great tool to connect TradingView to other platforms in order to automate trades. This connection can be done using email or webhooks.

Automate with Email alerts

When checking the Send plain text notification option in the alert Notifications tab, TradingView will automatically send an email to your alert email address every time the alert is triggered.

tradingview alert notification form

Email alerts are included in the free TradingView plan, which makes them accessible to every TradingView user.
However, when using the free plan, only one email alert can be used at a time.

Automating trades via email is possible but can be complicated. In order to do this, specialized platforms such as OctoBot are required to be able to automate TradingView trades while remaining on the free TradingView plan.

Automate with webhook alerts

The most common way to automate trade on TradingView is to use webhooks. A webhook is a URL that TradingView will automatically call as soon as your alert is triggered.

This is the most efficient way to connect TradingView to any trading platform.

Using webhooks require a TradingView paid plan and is compatible with most platforms.

TradingView automated trading bot

Adding alerts to TradingView can be used to automate trading strategies using automated trading bots.

A trading bot is a software that will automatically trade on an exchange account based on its strategy. A trading bot can listen to your TradingView alerts and instantly trade on your exchange account as soon as it receives a notification of your alert.

A TradingView trading bot can easily be created using a TradingView OctoBot. Such bot makes it easy to trade based on your TradingView alert emails or webhook calls.

Using OctoBot, you can create your own TradingView trading bot that will be trading on your exchange account or with risk-free virtual money and automate any type of trading strategy.

You got a TradingView strategy that you would like to automate? Check out our guide on how to automate a TradingView Strategy to learn more.

Finding the best TradingView strategy

TradingView is a great platform to find trading strategies. Using the strategy explorer, you can view hundreds of strategies.

tradingview strategy explorer

A TradingView strategy is written in Pine Script, a language specifically designed to create and visualize trading strategies.

tradingview strategy example

When selecting a strategy, TradingView will display its signals on your chart, and you will be able to display and edit its Pine Script code directly from the website.

tradingview simple rsi strategy

There are many other ways to find TradingView strategies, such as:

The TradingView scripts explorer
Specialized Youtube channels such as Trading with DaviddTech or TradeIQ

Testing a TradingView strategy

When using a TradingView strategy, you can always visualize how it behaves directly on your price chart. You can also use TradingView’s integrated backtesting engine to execute your trading strategy on historical data.

Backtesting a strategy is especially useful when optimizing your strategy settings to generate the most profits on your traded market.

tradingview strategy tester

To test a TradingView strategy, simply go to the Strategy Tester tab and view your strategy historical trading performance.

Changing any input of your strategy will automatically update your strategy backtesting results.