FAQs
Although TradingView doesn't support automated trading directly as per their official support solutions, there's a robust workaround for traders: combining TradingView charts with Optimus Flow's free Algo strategy builder.
Does TradingView have a trading bot? ›
Once a TradingView bot generates an alert, it will be sent to WunderTrading, where it will create a strategy order that will be sent to the exchange. TradingView bot trading has proved to be a great way to create and automate any trading idea into a trading bot.
Is TradingView good for algo trading? ›
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 do I automate my trading? ›
You need a strategy to automate the trading system. Consider the following steps:
- Formulate rules and conditions for order placement and execution.
- Decide on a platform based on the available feature list (or launch your own.)
- Apply your rules using platform functionality.
- Backtest your system. ...
- Start real-life trades.
Is it legal to automate stock trading? ›
Yes, algorithmic trading is legal. There are no rules or laws that limit the use of trading algorithms. Some investors may contest that this type of trading creates an unfair trading environment that adversely impacts markets. However, there's nothing illegal about it.
Can professional traders use TradingView? ›
We've introduced three most comprehensive packages (Expert, and Ultimate) designed specifically for professional (commercial) users.
Can you really make money from TradingView? ›
TradingView launched a pilot program that rewards the author of each publication that gets chosen by our seasoned team of editors, for our Editors' Picks sections for ideas and scripts. Starting April 2023, if your idea or script gets picked in one of these sections, we'll reward you with USD 100.
Do you actually trade on TradingView? ›
On TradingView you can trade CFDs, forex, stocks and Crypto FX. Click on the relevant icon below to see full pricing information and trading conditions.
How to enable algo trading in TradingView? ›
Setting up First Strategy in TradingView
This is a 2-minute tutorial to start algo trading with a simple moving average strategy in TradingView. Open a full-featured chart and apply moving average Create alert Type: LE for Moving Average crossing above Price and Type: LX for Moving Average crossing below…
Is automated trading risky? ›
It is possible for an automated trading system to experience anomalies that could result in errant orders, missing orders, or duplicate orders. If the system is monitored, these events can be identified and resolved quickly.
Best Automated Trading Platforms Reviewed
- eToro: Best Overall Automated Trading Platform in 2024. ...
- Dash2Trade: New Automated Trading Platform with Crypto Bots and Strategy Development Tools. ...
- Learn2Trade: Top Automated Trading Platform for Beginners. ...
- Margex — Popular Automated Crypto Platform with Copy Trading.
Is AI day trading profitable? ›
Increased Profitability: By identifying trading opportunities and executing trades with precision, AI-powered trading systems have the potential to generate higher profits and returns for traders.
Can you automate option trading? ›
Automated options trading, also known as algorithmic trading, does the trading for you. You won't have to worry about picking options or sticking with your exit plan. Human errors and emotions can get in the way of good returns, and automatic options trading gets rid of those elements of trading.
Can you simulate trade on TradingView? ›
Learn how to use TradingView's paper trading feature to test your trading strategies without risking real money. This video will guide you through the steps of setting up a paper trading account on TradingView, navigating the user interface, and placing simulated trades.
Can you make trades with TradingView? ›
On TradingView you can trade CFDs, forex, stocks and Crypto FX.
How do you automate backtesting in TradingView? ›
Automated Backtesting with Pine Script and Strategy Tester
Open the Pine Script Editor: On the top panel, click on the 'Pine Editor' tab. Code or Import a Strategy: Write your strategy using Pine Script or import a pre-existing code. TradingView also has a repository of community-generated strategies that you can use.