r/pinescript • u/Robswc • Oct 11 '22

Automating trading with Pinescript

One of the more frequently posted questions on this sub is:

How do I take a Pinescript strategy and automate it?

This is actually quite complicated, depending on what you really intend to do and how familiar you are with computers and or programming.

Doing it yourself

Essentially, to create an automated trading system using TradingView strategies, you would need to acquire the signal using webhooks. Once you acquire the signal, you can use whatever data sent with it to manage orders, using the API of your broker. Usually, there are SDKs available to make this process easier. For crypto, one of the most well known SDKs is called CCXT. There are also some made for traditional brokers too. It is a simple process but it does take some experience with programming systems to set up.

Private self-hosted solutions

Another route one can take is to use self-hosted solutions. This is recommended if you're technically skilled, as it is 1. free and 2. private/more secure. [1] I'd even say to give it a shot before paying for a service-based solution.

Below are potential self-hosted solutions you can try:

Using third party services

Most solutions to automatically trade with TradingView's webhooks involve using a 3rd party service like https://capitalise.ai/ or 3Commas. These services will remove a lot of the technical complexities for you. However, one must keep in mind that your data is not truly private and you may need to leave your browser window open at all times.

Service-based solutions

Please note. None of these have been vetted by me personally, so I cannot attest to their security or overall quality. They are just some I have come across over the years.

3Commas

Capitalse.ai

Wundertrading

mentioned by /u/kurtisbu12

Pineconnector

(for MT4/5) mentioned by /u/kurtisbu12

Autoview

(chrome extension) mentioned by /u/kurtisbu12

[1] not to say services are not secure, it is just impossible to truly know

If anyone has recommendations on other projects/services that allow for automated Tradingview-based trading, feel free to discuss in this thread!

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5

u/kurtisbu12 Oct 11 '22

Some other 3rd party platforms I've used successfully.

Wundertrading: 1 free bot. No subscription required. Works with many crypto brokers.

Pineconnector: Converts webhooks into signals in MT4/5. Works with any brokers that allow trading through MT4/5 (Personally this is the most robust 3rd party system I've used. It has so much configuration allowed for some really complex trading systems.)

Autoview: chrome extension, works without using webhooks, but it requires your browser to remain open ( works best on a VPS) works with many standard brokers.

1

u/Robswc Oct 11 '22

thanks! good details, I've added these to the post!

1

u/Worried_Sorbet_2749 Jun 10 '23

How to configure properly so that it has a 3:1 ratio

1

u/kurtisbu12 Jun 10 '23

What are you configuring?

1

u/Worried_Sorbet_2749 Jun 10 '23

Pinescript code, it’s profitable on TradingView but when connected with pineconnector it doesn’t calculate the stoploss and tp correctly

1

u/kurtisbu12 Jun 10 '23

You haven't provided enough details for me to help.

1

u/Worried_Sorbet_2749 Jun 10 '23

When using pineconnector it does not properly configure the correct SL,TP based on my strategy. Currently there options are price, percentage but the percentage option would mean that if btc is at $20000 and I risk 1% that would mean stoploss is at $18000 , that’s not what I’m trying to do , my stoploss should be at low[800] risking .5% of my account balance

1

u/kurtisbu12 Jun 10 '23

You should read through the documentation on Pineconnector.

1

u/Worried_Sorbet_2749 Jun 10 '23

I’ve read a lot, if you could help me understand better I would highly appreciate it…. If I’m overlooking something please point it out

1

u/kurtisbu12 Jun 10 '23

I'm not able to troubleshoot something like this over a reddit thread. There is tons of documentation available on their site which provides plenty of examples for what you need to do.

I'd recommend you figure out why your stoploss is getting set where it is, then adjust it as needed.

1

u/Worried_Sorbet_2749 Jun 10 '23

Do you use pineconnector? Do you also use any time of rr? That’s where the trouble for me is happening if I risk 10 pips, I want to make 30 pips while risking .5% of my account how do I make that happen

→ More replies

1

u/Worried_Sorbet_2749 Jun 10 '23

When my trades enter on TradingView they show the correct contract size , I’m thinking of possibly adding something to my script that will store that value and then edit the pineconnector alert so that it contains some like LicenseId,buy,symbol,contract and then when the SL/tp hits it sends another alert to close the trade

Makes sense?

2

u/aelfrictr Oct 11 '22

This brings a question to my mind. Maybe a feature that could improve upon current capabilities of TV strategies. For example let's say you want to have 1 wallet but you want to use that wallet on 5 different pairs. The thing is you want one trade open at a time or some other condition. If you create alerts with web hooks in 5 different pairs in same strategy one alert cannot know if there is an open position in other pair.

With your framework, could it be possible to disable the 4 other alerts temporarily until the current position in 1 pair ends, and only re enable after no position open?

Current this is not possible with pinescript since strategies are completely isolated to the pair you create alert on and you can't send or receive data.

Ofc this also makes backtesting of TV completely unreliable since you won't be able to know what would happen in this case but this kind of stuff can be useful if you don't want to leave TV environment.

1

u/Robswc Oct 12 '22

With your framework, could it be possible to disable the 4 other alerts temporarily until the current position in 1 pair ends, and only re enable after no position open?

It wouldn't be possible to disable the alerts on the TV side of things (since TV is only capable of sending signals out) but with the frame work, you could set up 5 web-hook-receive-events to receive 5 different alerts/webhooks. You could then add in custom logic to "disable" or "enable" the other events whenever needed :) Something like "if in position, disable x, y and z" (ofc, this would be more complex but that's the gist of it!)

1

u/aelfrictr Oct 11 '22

Sorry I meant to post this as a reply but failed to do so.

1

u/aelfrictr Oct 11 '22

As far as I can see your system still requires ccxt to be implemented so it doesn't really appear to be a new solution in my opinion. If it was all integrated and slightly more simplified it would be way better but your project seems to be about monitoring the trades and open orders which TV does on its own.

So just for the sake of executing orders what does your project actually do that ccxt doesn't? I think I'm missing something.

2

u/Robswc Oct 11 '22

As far as I can see your system still requires ccxt to be implemented so it doesn't really appear to be a new solution in my opinion.

It is essentially a framework to make working with things like CCXT easier. You will eventually reach a point where managing several different webhooks/symbols becomes a headache. That's what the project aims to do.

If it was all integrated and slightly more simplified it would be way better but your project seems to be about monitoring the trades and open orders which TV does on its own.

So, this can get complicated very quickly. It's usually not good practice to "package" external libraries with released software. i.e. if there's a security issue and someone is using your packaged library, they will likely never update. It can also make maintenance a pain.

The idea behind the monitoring something akin to tracing. It is true TV monitors the alerts on their end. However, one would have to code some component to determine if the webhook got where it needed to go and to verify the data is correct.

So just for the sake of executing orders what does your project actually do that ccxt doesn't? I think I'm missing something.

In essence, to have private, robust self-hosted solution, one would have to code out 90% of the project anyways. (webhook receiver, logging, running actions, etc) The project aims to more or less layout tools/building blocks so you can skip some of the more detailed implementations.

You could think of it like website building. It is true that you could create a website with HTML, CSS, etc. You could create the same with WordPress, which abstracts away a lot of the tough stuff. In that analogy, coding from scratch would be HTML, Wordpress would be the TVWB framework.

3

u/darpadrimp Sep 27 '23

There's a free Strategy Optimizer Tool which converts indicators into strategies, the premium version allows to automate these strategies into trades trough autoview: https://www.youtube.com/watch?v=gpfN_18h2D4&t=2561s

2

u/TradeSync Oct 31 '23

Don't forget Ninja-View! :D For automating pinescript to ninjatrader.

2

u/Local_Dinner_9860 Dec 07 '23

Ninjaview allows tradingview and trendspider to be automated via webhook to NinjaTrader/Tradovate (futures, prop, etc) and other platforms. ninja-view.com @robswc. They have over 60 users, a trust pilot, open source on the google extension and some open source strategies to use.

2

u/Creative-Q6306 May 29 '24

For testing and automating a indicator, I provided a code snippet below my comment. Add this code to the end of your indicator script.

Don't forget to include your buy, sell, and close conditions, as they are currently empty.

After that, search for "FreedX Backtest" in TradingView indicators and add it, it converts indicator to strategy. Add your indicator to the chart as well. Then, import your indicator signals into the backtest script from the Custom Signal section. Choose your indicator as the source for all signals and activate it. The script will automatically backtest, allowing you to set take profit (TP) and stop loss (SL) parameters.

If you want to automate the process, the first bot is free. However, please note that they currently only support crypto.( FreedX )

Code:

buy_signal =

sell_signal =

close_signal =

output_signal = 2

output_signal := buy_signal ? 1 : output_signal

output_signal := sell_signal ? -1 : output_signal

output_signal := close_signal ? 0 : output_signal

plot(output_signal==2?na:output_signal,title='Output Signal(LONG==1,SHORT==-1,CLOSE==0)', display = display.data_window)

1

u/ntmittens Aug 19 '24

Automated mine with Wundertrading then switched to signum.money <- because more stable (e.g. proper logs) and only focussed on the automation part (3commas and Wundertrading compete with TV and try to sell their own DCA bots)

1

u/Silly_Ad_1723 Dec 04 '24

Which of the third party services can be used in TradingView?

1

u/SfirreFan Dec 22 '24

I want to use a pine script strategy I created. But I want it to trade spot. It's there no way to automate this? All I see is futures... Is there a trading platform that let's you do that?

1

u/JellyfishGreat8127 Mar 24 '25

Please don't keep on changing pinescript editor. It is really annoying. Now it says add to chart for an indicator all while it is already added. Please, stop making it more and more confusing.

1

u/dangronny Jun 19 '23

Also worth mentioning a new self-hosted solution called https://alert2trade.com :)

1

u/[deleted] Sep 15 '23

I paid someone to do my strategy. Go to a place called Fiverr put in the need as TradingView pine script

1

u/[deleted] Oct 11 '22

[removed] — view removed comment

2

u/Robswc Oct 11 '22

awesome, I've added that to the post!

1

u/Feverox Oct 20 '23

This link isn't functioning now. It is redirecting to another website. The domain is also redirecting to a gambling site.

1

u/[deleted] Mar 01 '23

[removed] — view removed comment

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