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TradingView Algo FAQs

Can I do automatic trading with any indicator in TradingView?

Yes, you can do using alerts (without any coding). See video and instructions here.

Can I do automatic trading with any strategy (private or public) in TradingView?

Yes, you can automate any strategy from public library by editing its pinescript code. Add code for trading alerts based on strategy buy/sell conditions. See example here For other examples, see strategies in help manual.

How to automate supertrend strategy?

You can automate Supertrend (ST) in TradingView with APIBridge in two ways (1) Setting alerts on ST indicator (2) Setting up ST strategy with pinescript alerts.
For (1) see video and instructions here
For (2) use pinescript codes as per instructions here

How to trade in options with auto strike selection?

You can define custom symbols like CallA, PutA etc. Based on alerts on spot price, you can send trade in options. See video and instructions here.

How to change order qty dynamically for TV strategy?

You can chane qty for every order sent to TV using both alerts and pinescript. For example, you may send 100 qty for LE; and 50 qty for two LX at different price (partial profit booking).
See here how to define all trading parameters without pinescript. See example how to define alerts in pinescript here For other examples, see strategies in help manual.

How to trade without charts using TradingView Screener?

You can trade without charts using TradingView screener to filter 1000s of stocks. See here step-wise instructions how to use Screener for Algo Trading

How to do paper trading or simulated trading

APIBridge allow you paper trading mode, to test out the entire setup. See here.
See here features allowed in paper trading. Note that TV connection with APIBridge in paper trading works exactly the same way it will work in live trading.

How to trade in BO or CO?

See here how to send CO/BO from TradingView

How to apply TSL?

You can apply TSL either through (1) TSL feature in BO give by your broker (2) TSL based exit in pinescript
If you broker allows to provide TSL in BO, see alert format here how to use it.
For applying TSL through pinescript, see example here

How to apply SL and TGT?

You can apply SL and TGT either through (1) using CO/BO provided by your broker (2) SL/TGT based exit in pinescript
If you broker allows CO/BO, see alert format here how to use it For applying SL/TGT through pinescript, see example here

How to trade in MCX?

You can trade in MCX just like NSE futures. Please complete the jump start tutorial to setup your algo for MCX give here.

How to trade positional strategy?

Please see here some useful settings in APIBridge which will help you in positional trading. APIBridge will receive signals from TradingView and based on the signals create your overnight positions.

Which subscription plan should I take from TradingView?

APIBridge works great with both Free and Paid version of TradingView. Free version gives RT data and allow you to use all indicators/strategies on tradingview platform. Pinecript code alerts also work in Free version. However, free version has limitation on continuous alerts and number of indicators etc. See here for details.

What is the cost of complete setup for automation with TV?

Complete setup cost stats with 0 (free) and goes up based on your trading requirements. For semi-auto, you can start with free TV version and free ChartBridge (paper trading). You can take paid ChartBridge version for full automation (999 p.m.) and also add TV Paid version (1200). Finally, you can even add VPS for uninterrupted trading. For APIBridge subscription visit www.algoji.com For TV plans see https://in.tradingview.com/gopro/

Do I need VPS

You might not need a VPS essentially, but a VPS lets you trade without interruptions. You will not have to worry about internet disconnection even when your computer is shut. You can setup free VPS in AWS for API Bridge, see video here.