Expanding Signal Management in TradingView with TradersPost
TradingView strategies have key limitations, but TradersPost is considering a new library to enhance signal management, hedging, and order execution flexibility. Learn more about how this could improve trading automation.
Traders looking for more complex signal management in TradingView often face limitations that make advanced strategies difficult to execute. Issues such as inability to hedge, modify orders after bar close, or dynamically adjust margin create roadblocks. TradersPost is considering new solutions to expand functionality and simplify trade execution within TradingView.
Common Limitations in TradingView Strategies
Traders frequently run into these restrictions when using TradingView strategies:
- No Simultaneous Long and Short Positions – You cannot hedge by holding both positions at the same time.
- Orders Must Be Placed Before the Candle Closes – A trade signal needs to be decided on the previous candle, making dynamic adjustments difficult.
- Market Orders Cannot Be Canceled After Bar Close – Once an order is triggered, you can’t cancel it before execution.
- No Real-Time Position Margin Adjustments – Traders can’t dynamically increase margin before a volatility event and reduce it afterward.
Indicators, however, do not have these limitations. They allow for more flexible signal execution, making them a preferred workaround for some traders.
Proposed Solution: A More Advanced Signal Management Library
To address these challenges, TradersPost is considering developing a library that provides:
- Modular components to easily integrate complex trade management into TradingView strategies.
- Dropdown-based configuration to simplify order creation and execution.
- More flexible JSON messages that allow users to define custom trade rules dynamically.
This would replace the current Webhook Message Library, which is limited in its ability to support future updates and strategy improvements.
Future Possibilities
The next steps for improving TradingView signal management in TradersPost could include:
- A more user-friendly trade construction system that allows traders to build strategies without complex scripting.
- A blueprint framework that expands on the Webhook library while being adaptable to future features.
- Advanced scripting options, such as defining an entry price dynamically (e.g., entering a trade 1% above the market price using simple formulas).
These improvements aim to bridge TradingView’s limitations and allow traders to execute more sophisticated strategies without cumbersome workarounds.
Conclusion
TradingView has notable restrictions when it comes to order flexibility, hedging, and margin adjustments. TradersPost is exploring solutions to expand complex signal management by introducing a more modular, dynamic, and user-friendly trade execution system. While no formal release date is set, these potential upgrades could significantly enhance strategy automation for TradingView users.
