TradingView Automated Trading using TradersPost and Alert Webhooks

TradingView Automated Trading

Before we get started, it is worth noting that automated trading carries inherent risks and is not suitable for everyone. It is important to thoroughly test your strategy and understand the risks before using it in a live trading environment.

Setting up TradingView Alerts

To set up an alert in TradingView, first select the chart on which you want to set the alert. Next, click on the "Alerts" icon in the toolbar (it looks like a bell). This will bring up the "Alerts" panel on the right side of the screen.

In the "Alerts" panel, click the "Create Alert" button to create a new alert. This will bring up the "Create Alert" modal, where you can set the conditions for the alert to trigger. TradingView offers a wide range of options for configuring alerts, including price thresholds, technical indicators, and even custom scripts.

Once you have set the conditions for your alert, you can then configure the actions to take when the alert triggers. A webhook alert sends an HTTP POST request to the URL you provide, with the alert message as the request body¹. To use TradersPost and a webhook, select the "Webhook URL" option on the Notifications tab and enter the URL provided by TradersPost; TradingView only allows webhook alerts once two-factor authentication is turned on for your account¹. In the alert message textarea, paste a valid TradersPost JSON payload like the following:

{
    "ticker": "TSLA",
    "action": "buy"
}

Finally, click the "Create" button to save your alert. It will now be active and will trigger when the specified conditions are met.

Using TradersPost and Alert Webhooks

TradersPost is a service that allows you to easily execute trades and manage your account using webhooks. With TradersPost, you can create a webhook that triggers a trade when an alert is received from TradingView.

To use TradersPost, you will need to register an account and connect your broker account. Once you have done this, you can create a new strategy in the TradersPost platform; each strategy includes its own webhook URL. To connect your strategy to a broker, create a subscription to your strategy and choose the broker you want to connect it to. A strategy subscription connects a broker to a strategy and defines how a trade should be executed when a webhook is received.

Once you have configured TradersPost, you can then use the provided webhook URL in your TradingView alert. When the alert triggers, it will send a request to the TradersPost webhook, which will execute the trade according to the configured strategy subscription.

Conclusion

In summary, TradingView alerts and the TradersPost platform provide a powerful combination for automating trading strategies. With a few clicks, you can set up alerts that trigger trades when certain conditions are met, allowing you to react to market movements in real-time. Just be sure to carefully consider the risks and test your strategy before using it in a live trading environment.

References

¹ tradingview.com, How to configure webhook alerts