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TradingView Algo Trading

For FAQs on TradingView Automation, Click here.

Installing Extension for Chrome

Step 1: APIBridge should be logged in before you attempt to install the Extension in Google Chrome.

Step 2: If you are already using APIBridge Extn, uninstall it. Click here to open Chrome Extension update page. Alternatively, copy-paste this link in Google Chrome: https://admin.algoji.com/ext_update/

Step 3: Next, click on latest version APIBridgeChrome_v3_4_stable.crx . A prompt will open ,click on Add Extension. Once extension is added, you will see a grey alpha icon on Chrome on top right.

Step 4: Make sure popups are not blocked in your Chrome. If popups are blocked, alerts will not come, and it will not connect to APIBridge.

Step 5: To complete the installation, close both Chrome and APIBridge, then restart them.

ChartBridge Jump Start

On bottom message window, you should see a message – Handshake request from TradingView. Open any full-featured chart in TradingView.com, the extension will turn Green automatically. No need to Start the extension. If you face issue in this step, see here.

In the Symbol Settings window, select Jump Start template and apply.

JumpStart Template is your first template to test drive system trading through APIBridge. No signal rules or risk management rules are applied in this template.

You will see three symbols in Symbol Settings – SBIN, NIFTY and CRUDEOIL. Let us learn how to place orders in these 3 market segments.

Trading in Equities (Cash)

  1. Change SBIN (input symbol) to your chart symbol. Example, if you see on charts HDFC, you should change this to HDFC.
  2. Change SBIN (trading symbol) to actual trading symbol for order placement. Example- HDFC. Save the settings by keypress Ctrl+S
  3. Click Start Trading
  4. On TradingView, click LE button on Chart. In APIBridge, you will see messages about Signal Received and Order placed. Check Net Positions and Trade History.

Trading in Futures

  1. Change NIFTY (input symbol) to your chart symbol. Example, if you see on charts BANKNIFTY, you should change this to BANKNIFTY
  2. Change NIFTY (trading symbol) to actual trading symbol for order placement. Example- BANKNIFTY
  3. If you are trading in Stock Futures,Commodities, or Currency, remember to change Instrument from FUTIDX to FUTSTK, FUTCOM or FUTCUR respectively.
  4. Change expiry date to correct date.
  5. Save the settings by keypress Ctrl+S
  6. Click Start Trading
  7. On TradingView, click LE button on Chart. In APIBridge, you will see messages about Signal Received and Order placed. Check Net Positions and Trade History.

Exploring Further – Signal Rules

  1. Go to Application Settings->Signal Settings. Tick the Rule: LE place order only in NetPos <=0. This rule protects you from trade misfire. What if you accidentally clicked LE button twice? Or you strategy repaint Buy arrows and send LE again? Test with this rule to find out.
  2. Send LE signal again from button like you did last time. It will show message:
  3. Send LX now to squareoff your net position. Check Net Positions and Trade History.
  4. Send LE again. Since, now NetPosition is 0, it will place order.
  5. TIP: If you want to scale-in to trades (or position sizing) you should keep this rule unchecked.

Exploring Further – Risk Management

  1. Go to Risk Management tab in APIBridge. Add MaxOrderPerMinute: 2 and hit Ctrl+S. This rule again helps your strategy from misfire. What if, there is continuous buy-sell signal from your strategy?
  2. Try now by quickly using buttons to send 4 signals – LE, LX, LE, LX. It will allow only first two signals to fire orders.

You can now continue exploring other features of APIBridge. Customize it to suit your requirement before starting live trading.

For FAQs on TradingView Automation, Click here.